The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-11-16
Our .StateeFinaaces.

For the past ten days, there has been great
iexeitesisseis financial circles over the report
ed fraudulent issue Of South Carolina bonds.
The allegatious of the New York World, as
originally made, are published in this issue.
That paper.has followed UP these declarations
with other and stronger accusations against the
State officers. Gov Scott and Treasurer Par
ker attempted an explanation of the printing
of such an unusual amount of bonds, and ad-
mitted that $50, ,2o4, 900 had been printed, but
declared that there YVES no intention to increase
the State debt, and that s9,oo0,0 900 had never
been signed Or issued Admitting. as true all
that their explanation claims, the facts thus
presented appear TO sustain the allegation that
there is an over Issue of bonds, but to what Ell.
tent no one can rightfully conjecture, unless
there was full exhibit Of che statSs finances,
which win never be accorded By the present
administration, We fear. We think is probn-
Die that, sinoe che new bonds have taken such
| q fearful leap downwards, chat enough has
been purchased at the lowest figure by the
Ring financiers TO enable them To retire a part
of the over issue from market. In this, view
of the case, it becomes possible for these ma
nipulators of the State credit to hide their de-
falcations, especially when the taxes are forced
TO be paid within very short time, which
might enable them to redeem bonds now under
hypothecation and begin anew their little
game. In che meanEime, the State credit is
impaired, and bankruptcy seems inevitable.
Various remedies are suggested to relieve the
State Of this financial embarrassment. Repu-
.diatien is relied upon by some persons, and it
! is announced that caucus Of oolored men
solemnly agreed in Columbia to repudiate the
entire bonded debt Of the State, old and new
The Charleston Nesus advocates the non-psy-
ment of taxes, until trustworthy exhibit is
made of the entire liabilities of the State, and
until satisfactory guarantees are given that the
peoples money will be legitimately applied.
| We are not yet prepared TO advocate repudia-
ton Of any pant Of the State debt lawfully con-
.tracted nor: do. we think it advisable to refuse
Payment of County taxes, and it would be
difficult to dissever this from the State levy
But we think there is way. to stop this shame
less plundering of an oppressed people. Once
establish the guilt Of the parties concerned in
the oyer.issue Of bonds or other fraudulent
transactions, and then. apply legal remedies,
] such as ferreted out and brought to grief the
wholesale robberies in New York city. Let
the Executive Committee Of the Taxpayers
Convention take this matter in hand, and get
hold of the right parties, have them arrested
by legal process, brought to trial for their mis-
deeds, and thus strike at the root of the evil.
Enough is known at this time to place nearly
all connected with the State government in the
Penitentiary, and movement of the kind in
dicated might reveal the whole series of un-
lawful transactions, by which millions of dol
| lars have been flched from the pockets of the
peOple as 4st o.'rf "'i-. tss -