Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-11-17

fairs. 1T was stated that the sum of $50.
5000 in bonds Of the State of South Car
olina had been printed by the American Bank
Note Company of this city and passed into
the possession of the State financial agcut;
that every member of the State government
was here, from tho Governor down, aud that
a party of the wealthy gentlemen Of the State
representing the taxpayers were here watch
ing their proceedings and cndeavoring to find
out the actual financial condition of the State;
that it had long been known that the State
debt had been fcarfully increased, but to
what amount it had been impossible to arrive
at, as the officials had all refused information
OH the subject, and the State treasurer had
carefully kept the books of his department.
locked from the inspection of the gen.
tlcmcu who had wished to investigate them
with view of learning the truth; that
the State financial agent had, besides making
the over issue of bonds, SO reduced the
amounts raised on the credit Of the State by
Il omplicatcd system of commissions to him
self, that only twenty seven per cent. Of mon
cy raised by him had ever found its way into
the State treasury, and much Of this, which
had been raised to meet maturing obligations,
had been used for other purposes, and thus
not only leaving the debt unpaid, but incrcas-
ing the ap ,rcgate. In relation to the print
ing of til bonds, it was stated that the Gov
crnor (S 'o,t) had admitted such to be the
fact, but lad denied that they had all been
used, or tt at it was the intention to put thcm
into the market. Again it WAS said that the
State agent had issued the bonds, but not on
the credit of the State, but on his own indi .
not be involved, as it could honoraLly refuse
| a.
One thing, however, is certain, that it is i'm
possible for those most interested to get any
satisfactory replies to their inquiries from any
of the officials. They have tried to have tho
Governor cxplain why so great an amount OF
used, and also to get from him some decided
estimate of the actual indebtedness Of the
State, but they were only met 10y cvasons and
subtcrfuycs tending to throw dust in their
eyes. Worst Of all, it was stated that if all
the facts in relation to the over issue were
true, then the State was utterly aud irrevoca
bly, bankrupt Now for The new developments
1t is discovered alii.osl beyond doubt that
the over issues are u palpab.c fact, and that
Instead Of S2u.0l6,OOO they will reach the
figure of $:iD0lG,UU0 that of this amount
$4,000, 900 have been signed, sealed aud
shipped to Europe for sale there, and that
the remainder have been put into the market
| here. But these fearful transactions it is
now found are not confined to the State Of
South Carolina officials. Immense issues of
| much The same character have been made by
those who at present hold control of the
| finances vi the State of North Caroline and
Il prominent Southern railroad has been in
the same line Of business Regarding these
two last it is not possible at this time to give
any reliable figures, but in few days it will
be given to the public, together with some
thing official about the South Carolina mat.
! ter.
| COLUMBIA, November S.-Govcrnor Scott
accounts for the issue of twelve millions Of
bonds by cnumcrnting the various issues or.
dcrcd by the Legislature, including the re-
dcmption Of the bills receivable, the past due
interest, the treasury relief, the land commits.
sion, the funding of the bills of the Bank of
the State, the sterling bonds aud misprints.
The remainder of tho twenty millions of al.
legged over issue he claims to consist of con.
version bonds. Attorney General Chamber.
lain and Comptroller General Neaglc have
returned to Columbia, leaving Treasurer Par.
ker in New York with appointments, signed
in blank, to transfer the financial agency to
the Union Trust Company.
Governor Scott says Mr.. II. II. Kimptor
gave his own and Henry CLOVIS 8 bond for five
hundred thousand dollars when he was ap.
| pointed In the meantime all financial in
terests in which the State credit is involved
are disorganizcd
| The air is thick with dishcartcning ru.
mors, and q conference Of the bank presi-
dents is called for tomorrow morning to con-
slider the situation.
Columbia, November 7.-Thcre was a
great crowd in attendance at the Fair to day,
and many distinguished men from all parts of
the State, and many from Charleston, were
present.
Governor Scott hos just returned from New
York. A reporter of the Courier interview
cd him. He states that arrangements have
been made to take the Financial Agency of
the State from Kimpton, and place it in the
hands of the Union Trust Company, of New
York. lie ascribcs tho fall in the price of
tho bonds to tho selling of bonds held as col
latcrals, hut does not know who sold thcm.--
He says tho Sterling Funded Bonds have
been printed, but not yet issued llo says
the fall in the price of the bonds is duc to the
want of confidence in the State Financial
Agency. The opinion is generally expressed
that there has been an over issue, and the
members Of the State Government look scri.
Gus about it.
The city is crowded with visitors to the