The Sumter watchman. [volume] (Sumterville, S.C.) 1855-1881, 1871-04-26
Highest style of The !trtt.

Highest Style 0f The Al't.
dollar 10 the S:a;c debt ut a'.y 'iiic in
the future nifhoa; two thirds vote oi
the peop.e, it cii.r~d, in my jadgn.en;.
a sufficient euaranice TO the pmcaa-er
OF the new boad>, th;s he wo';:i he
protected against new liab;ii;ies Under
these circumstances. favored ;ae
measure. aad the best financial p.en oi
the State agreed with nc, with cnly
difference OF opinion concerning details.
Some gentlemen Of high reputation
thought an.l expressed the he!ie: that
trustees oa-ht to be appointed by ism,
who should be charged with the ueg",.;,-
ton Of this loan. 10 this hal lo
personal objection. On the contrary,
vas anxious to sec any plan adopted ;hat
would eugcuder confidence in the nm
esty Of the negotiations to be made. l.
appears, however, tha. the Legislature
differed itv.- .h~.n oen:len,..n e@3
myself in regard 10 lhe matter, aud whcn
the bill passed, the appoin'meHs OF ihe
agent was left to certain officers o! the
State government. incluling the Execu-
tive, aud to the Executive was committed
the du:y of signing the bonds before
they could possibly be put upon the
market. The bill was signed and ap-
proved with the firm belief thar a
sufficient check was thus put upon any
dispositiou-if sach exiS;el-to give
the negofia, lou of the bonds into :he
hands Of irresponsible men. who would
not insure that credi; for the State
which WIS desirable Iu other words,
! to the Executive vas left the power Of
refusing, absolutely, TO permit any bonds
to 90 upon the market unless they shall
20 through the hands of trustworthy
and competent representative of the
State.
Q. 10 you mean to say that you. as
au individual, can control the issue of
these bonds 10 the event Of q dishonest
agent bring appointed
The Governor. Yes, sir, most en-
phaically, for do not intend to siSa
bond unless the banking house selected
is enc entitled TO the :uilest coniienc~
of the people. Their. is no powe'
arth that eau compel me to DO other
Q. Suppose that after the select; :,
banking house. aud the issue of
duly signed, the financial board say
determine to make change aud Sc
party who agrees to carry out
own plans ?
The Goversor. Iu the first place, no
honest banker would surrender his claim
upon the bombs fer any such purpose;
and, in the second pace, they would
have to be bold and desperate men who
attempted to tamper with the State
credit for their own dishonest purposes.
! Q. If 1 may be permitted to ask, who
is your nominee as banker, for the es-
pecial management OF this fluid?
The Governor. have no nominee at
present: but he will be man who will
inspire confidence among the creditors
, and the people of the State. In making
up my mind shall consalt both their
wishes and interests. and | feel assured
that the members ofthe board appointed
by law to make this selection VIII CO.
operate with me in accomplishing tha;
object.
.. What amour, is 70 be covered by
: this funding bill.
: The Governor. Just six milton Of
,, dollars. The bill provides ior ;he issue
of twelve hundred ,hoG>ai cnls
sterling. but | do not under, a,r thai
the bonds are to be used. exy~?' io: iht
purpose set forth in tic hil., a@;ss'y. tc
take up the past due dctt .: Il. o's'e
aud debts thac are soyn 10 become ':le
:, do not understand ,ha; lie a
appointed :or the neso';t':ea q tee>'
b,nds will have any aa;. ~ TO Ss.i
0 siusle bead except excaaase t-r n
purpose n@mel Some pss>,as hav|
soush, 20 create The imp -~'aa, toI
personal or political rnraose>. iht; i.es
sterliuy bonds can be -. u,oa th|
market and sod, a:.,i Tie ..n-;s 81
transferred to he STATE 'e@<asy 4
: meet the expenses ot The sc, or FL
{ other ctjecs than those .2:eTrei Il
Such is mol the Sc. WIKI lay e9aSet
it shall never be done.
THE BOARD OF TRADE AND cuAN2EI
or co,r>--pcr
e O I wouid like 10 hear your yies
s coacerning the recent action OF Il
Board of Trade aud Caatuoer Of Con
e merce in this city?
The Governor. can only say th
the allegations made by beth OF tao
bodies on the subiec; OF The State de
70 rest on no trurhiai foundation. TIE
gentlemen have arques;io.a6iy be
1t mis.ed, or they have themselves m;sl
Is terprc;ed facts and figures, ;or | VIII
j. be so uncharitab.e as to suppose u
;" TWO organizations representing
wealth and cvmuerce oi Cha.iesi
&c have assumed such an extrao4dln;
IS position TOR mercy political or parts
&c purposes. have gwen y"u
d statement of all the Obligations Cue
, the STATE. aud it is ny answer to 20
= : proceedings.
;" y @. What has ben the irGlencf
rs the action of The i'oard Of Trade
= - Chamber of ommercc OF o4r boads s
- New York and elsewhere
~ The Governor. 1t has aeea deed
Is pernicious. Tie yalne ii the %
on Tic market has rern day. e;a,c4.