The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-11-18
THE VOICE OF THE PRESS.
The Bubble Will Burst.
from the KIngstree Star.l

The whole subject appears to us to be In
muddle of ine1tricable confusion and doubt,
and that no clear and satisfactory statement
has vet been made. We know one thing, that
the bonds are now down to thirty-fve cents
on the dollar In New York city, and that with
all the pretended financial ability OF this Radi-
cal State government, it fails % lift them from
their depressed condition, or restore conf
dence for them in the markets. There Is some
cause for this, and cause too that has but
recently develope itself Another significant
TACT is, that this great decline and want OF con-
fdence In State bonds obtains Immediately
where Mr.. Kimpton, the States financial
agent resides, and where, If there has been
no fraud or cause for suspicion, dealers In
these securities would not handle them so
cautiously. There Is evidently some well
founded reason for this great and sudden con-
traction of the markets. The bubble will
burst ir a few days, and reveal the true condi-
ton of the finances Of the State.
All Honest Men Must Sustain Us.
From the Barnwell Sentinel
Does any man who has particle Of patriot
ism left, who has the least sense of justice
remaining, think of paying the debts incurred
by this corrupt State government in Columbia
Are we so mean and low spirited as to tax
yourselves, to make these scoundrels ric1
No ten thousand times no Let the misera
BILE speculators In Wall street, who bought
LuOSG JULIUS Will tuCll CJCo OpCuS az SiCdl
depreciation, who knew they were stolen from
q poverty stricken and suffering people, let
them be the sufferers We do not believe
there is an honest man, Democrat or Republi-
can, white OF black, in old South Carolina, who
will not say emphatically, Repudiate Repudi.
ate And honest men, the world over, will
sustainus.
An Argument on the Other Side.
From the Yorkvi lie Enquirer.l
tLot ~
Courier referring 10 the alleged corruption OF
our State officials in regard to the bonded debt,
advocates out-and-out reputation as reliet
from our pending ills; and that The NEWS,
dwelling upon the same subject, advises the
people to refuse to pay the State and county
hiblt is made Of the entire liabilities of the
State. and until, furthermore, satisfactory
guarantees are given that the moneys OF the
peopIe will, hereafter, be honorably spent.
The wisdom of either of these plans Is ex-
tremely doubtful. If Governor Scott, Niles G.
Parker, DR.. Neagle, and others, who are
charged with perpetratiDg these alleged frauds,
are guilty Of the charges, let them be orouSht
to the bar of Justice in a legal manner and
there be made to answer for Their mlsdeeos.
Our State officials are amenable to the people
for their actt, and the people have 1t IN tnelr
power to hold them to strict accountability
for the faithful performance of their duties.
We have had the temerity on former occa'
sions to advance the old tOgy and somewhat
obsolete doctrine that two wrongs do not
make right, and that it Is better for an
outraged people to seek redress of their griev-
ances in legal manner; and We think subse-
auent developments Of quite recent date
prove the correctness Of the policy we indi-
Gated. We suggest the same course In the
present instance. Let US ignore the idea of
repudiatlng legal obli liLations, and let the peo-
. ple pay their taxes as they become due and
having discharged our duties properly, If our
public officers are remiss in the performance
OF theirs, let them be brought to condlgn pun
ishment In legal manner.