The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-11-10

The New York Sun is now endeavoring tc
throw some light upon the alleged fraudulen,
issue of South Carolina bonds. 1t comes to
the conclusion that the rumored defalcation is
only the beginning Of a little cut-throat game
between the carpet-baggers and Wall street.
The Sun, OF Monday, says:
As early as last Tuesday startling rumor
reached the ears Of certain citizens OF south
Carolina temporarily residing here. lt was
that Important disclosures were about 10 De
their State. There are about two hundred ol
these gentlemen in New York, refugees from
yellow fever, Grants martial law and the
plunderiug carpet-baSGers; apd when the re-
port reached the ears Of one It was as quickly
communicated to anothef-so that within a
few hours every South Carolinian here knew
the dreadful news. They had learned tnat an
examination of the books of q. q. Kimpton,
the financial agent Of South Carolina, BY q
committee appointed by the Legislature Tor
that purpose, had discovered that fraudulent
issue of bonds Of the State had been made,
amounting to the enormous sum OF Sit, 600.
WHAT WAS ALMOST niCRsDIBLE.
That Kimpton had borrowed money right
AN left and distributed bonds Of the State as
o0Hateral at syery low figure, every one knew;
but that he and his clique OF corrupt scoun-
drslsfn the State Government could have en-
bezzled SIC, 6,00o, 900 without having the lact
n sooner brought to light, was little TOO tough
s story to believe. And 20 a-Sun reporter told
the gentleman who waited upon him with the
astounding information. While It is almost IN,
credible that 80 large e sum OF money comlo ,s
pect that the finances Of the State are IN
hopelessly muddled condition.
YALE STUDENT In LUCK.
Mr.. q. d. Kimpton, the financial agent
against whom this terrible charge OF emoez-
element is brought by prominent Soutn caro-.
linians, Is banker, or rather claims TO oe, az
No. 9 Nassau street. he Is young man, anu
until his connection with South Carolina tnan,
ces was utterly unknown In the banking worlo
history of his connection with that State Is
, amusing, and at the same time INSTRUCTIVE. II
aeems that at the time of the election OF Cham
berlaiHas encouragement IN 1868, klmpton
was q briefess lawyer, struggling for lven-
hood. He and Chamberlain had been class,
mates at Yale; and when he read Of bis old
Schum's good luck In South Carolina, ne az
s6nce started, carpet-bag In hand, In quest OF
spoils. Kimpton brought up In Columoia, and
of course was clasped In Chamberlains arms
they talked of their Alma Mater, their hazing
DAYS, and finally Kimpton hinted at business.
BE stayed there two or three weeks, became
intimate with Governor Scott, and Parker, and
Neagle. At id on,ne qenuS, and finally started
for New York with $1,000, 600 South Carolina
bonds in his carpet-bag and the appointment
q STATE FINANCIAL AGENT
SIn his breast pocket. All this without having
&Iyen one dollar security The State had no
sbond that the new agent would perform his
,iiIIfal honestly, and millions upon millions have
rSSSed through hls hands without even the
51ow of surety. Kimpton opened mag
m0cent office, and at once thrust ms oonos
upon the market, and remitted such OF the
proceeds as he saw fit to Treasurer Parker In
Gofumbia. It is needless to follow the agent
down through all his negotiations. Suffice 1t
to saw that In three years he has made over
one million dollars out OF his posltion: Last
winter Governor Scott and his agent oi hnance
had a row. Scott wanted to put him OUT.
Kimsson twirled bis thumb and fingers at the
end ot his nose and dared him to do 1t. The
governor did not put him opt.
~ Then the Legislature, being at loggerneads
with Scott, thought they saw In this evidence
that Scott did not dare eject the agent. A
committee was promptly appointed TO inspect
Kimpton's accounts.
A HIGH OLD COMMITTEE.
The character Of this committee can be
;ndged from the fact that Dennis was appoint
ed It's hairpsn ana sa ae cama bere aaa
On the 10th of September, and have been IN
tha cItv ever since, drawing six dollars day
each and expenses, which are not hgnl. Ins
members live sumptuously In Twenty-tourth
street. in a furnished house provided oy
E;mnton. the man whose accounts they ale
TO examine. The committee ls att noeo IN an
ofscal capacity by Mr.. Green, the sergeant-at-
arms of the South Carolina Sena;e, very re-
anactable colored gentleman who looks asnam-
ed of his company. Their deliberations are
carried on In the banking house OF MI. h'mp-
ton. e.. ,.,o-toa discov.
cries. the Sun reporter, knowing 50 well tne
character of the reported discoveries, knew
right well there was negro IN tne ience
sonewhere; that Dennis, the furnitufe mau,
and men OF that ilk would never uoeattn 81
stupendous fraud while KimptoE poss esseo
a dollar In the world to secure silence. ne
thought at once that this committee OF e4 ami'
nation had circulated the rumor to Gre. 70 q
manic In the bonds, run Them down 10 81 nus.
nothing, then Jump In and buy all they coui9
Law their hands on, after which they ould
nnrlisli their vlndication Of Ktmpt6n amt the
Etate credit, and when the bonds reco rered
reapa rich reward. Gg.se. -.t e...
rHE GOVERNOR OF SOUTH CAROLINA ''.-
Howeyer. the first msn.to see about was
Governor Scott. The reporter went to ne st.
Ja,nes Hotel, took card ana wrote:
..,,........-....... ......... 1900
NY DEAR GovEsNoR:
!: want to see you particularly.
THE sun. {: