The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-11-08
WORSE THAN YELLOW FEVER.

The Third Calamity OF South Caro-
" lIna-Birds OF q Feather.
.NThe World of Sunday has the following
leader on poor "South Carolina"
We were wrong In thinking South Carolina
oniy tormented by the yellow fever which des-
olates her seacoast aud Mr.. Grants despotism
which harries her western border. A third
calamity oppresses her, and that is the as
founding robbery which first finds rev.
elation In our columns to-day. II seems
that the debt of the State, which was
IS, 1000, 900 when the present scoundrel gov
ernment took place, and which was admit
ted by Governor Scott shortly after the Tax
payers Convention meeting In Columbia 10
Nav last to be from $4,000, 900 to $l4, 900, 900,
is now ascertalned to be at the least $25, ,O0O-
600. Bonds to over 100000, 900 have been
printed In this city, and the exact status Of
the South Carolina debt no man can to-day
saw. The reconstructed Governor Scott, now
in this city, cannot tell; neither can any OF his
officials, all of whom have likewise sWarmeo
hither Of late, say. An impenetrable cloud
rests over these finances, and all that clearly
appears is this: That there have been
$4,000, 900 of bonds printed In this city,
and of the whole issue it may be written
nulla uestigia retrorsurn none can explain
where the money has gone. We hear that
interest payable in this city has been
promptly met after the fashion OF swindllng
corporations which borrow money to pay divl:
South Carolina has been allowed to 60 by de-
fault, In the hope that such default In that far
away region might not excite the attention
auy default In Wall street would arouse.
Further, we have 1t that open war is declared
between Scott the reconstructed Governor,
and the broker formerly his .fdus AchaRs In
this city for the management OF the state
funds.
Still further, In all this appear the re-
marks of that great national glft-taker,
Mr. Grant. The reconstructed Governor
Scott was. prior to his election, Freedmen's
Bureau man, one of Philanthropist Howards
seryitors. Philanthropist Howard being q
bird of the same feather with Recelver-Gene-
raj Grant, kindly feeling la entertained to.
wards Reconstructed Governor Scott by the
administration. Whether this fellow-feeling
has led to the military despotlsm now existent
In South Carolina with the object of keeping
these monstrous financial rascallties IN the
family does not now appear. 1t soon may.
The s'Organ" Speaks.
The administration organ, the Columbia
Union. In Its Issue of yesrerday, says, -,
I: will be seen from our dispatches tnat Wllo
rumors have been 10 circulation In the fnan-
cial circles of New York In regard to the con-
an alarming statement to the effect that over
twenty milliops- of bonds have been issued
and negotiated, and their proceeds mlsap-
piled. 1t also states that the expenses Oh tne
last Legislature, amounting to 0,00o are
yet unpaid. The first statement has received
an emphatic denial from the Governor and
State treasurer, and the last Is 80 grossly false
that sane men need no explicit denial to sat-
isfy them of its utter falsity.
We do not believe there has been dollar OF
over issue of bonds. However, we Lave no
more knowledge upon this point than have
any of the other citizens of the State; but II
there has been such over issue, we promise
what little influence we possess shall be USED
In ferretIng out the guilty parties, and IN
bringing them to justice. That is just wnere
we stand on this over issue Of bonds business.
The Governors Promise.
The New York Daily Bulletin of Monday
says:
In Southern State securities the new South
Carolinas attracted all the attention and ad
yanced to 3S on the publication OF the Govern
or's assurance that the State will continue to
promptly pay all It's Interest obligations. The
notice OF the Governor Is advertised IN an
other column.
Carpetbas FinancIering.
The Savannah News OF yesterday says:
Bullock and Scott have, 1t would seem, been
doing smashing business In State securities
In their lively competition 1t Is hlghly prooa
bic that they have overstocked the marker
and will be large losers by the depreciation o.
the bonds of their respective States. Scot
has this advantage over Bullock: He has nc
Democratic Legislature to threaten hlm VIII
Impeachment, and under the protection o.
martial law and Federal bay0nets may return
to the field of his vlllanous enterprise.