The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-10-01
COLUMBIA. 20 4 ] 'tI[ ! Sc.
Sunday Morning. October. !. 1871.
Financial Oparatlop4--Thoso New s
Bonds.

d
DR.. Neagle states that he has no con
cealment to make OF his connection with
the new city bonds. He sends to this
journal the following memorandum:
''Loaned to city of Columbia SIC, 1000.
and received Of city OF Columbia
$250,0 seven per cent. bonds as
collateral, with authority to sell at the
end of ninety days, unless the amount
is paid, but with promise to renew
note for sixty or ninety days"
DR.. Neagle further stated that the
said bonds were here in his hands, and
exhibited them to our informant. So
much, now, for this part Of the transac-
ton between the City Council and DR..
Neagle. What, now. has the City
Council, or the Committee of Ways and
Means, who, VIC presume, acted for the
Council, to say on the subject? When
Dr. Neagle exhibited the bonds, our in
formant observed that the bonds bore
date 21st August-nbout forty days ago.
It thus appcars that the City Council Of
Columbia. forty duys ago. determined to
issue new bonds of the city, and in
secret meeting did issue them, and that
until brought out by US. the matter has
been kepta profound secret. In the
meantime. tho City Council have had
meetings-ha -have published their official
proceedings yet, not word has
been published upon the subject-so
important to the citizens Of Columbia,
taxpayers, and all concerned in the
welfare Of the city. These are matters
for the community to reflect upon.
Comment seems unnecessary.
H ---A-s-s- -----------
If revolutions could be ''laid out" just
ns magnificent cities of the fur West
nre-on paper-it would be rather a
good arrangement for Spain, and not so
good q ono for the patriots of Cuba.
The Spanish authorities have been at the
trouble and expense, within few days,
of again assuring the people of the
United States that tho Cuban rebellion
was utterly crushed out and done with,
and that proclamation to this effect
would presently be issued by the Cap
Cuban independence may be excused if
they declineto place absolute dependence
on tie. above statement, for later advices,
also Of Spanish origin, inform us that
1000 additional troops are about to be
sent to Cuba in order to crush the rebel.
lion all over again. We suppose there
never was rebellion that would not stay
crushed to tho extent of the one in Cuba.
The Camden Journal, commenting
upon the arbitrary features of tho ssKu
Klux BILL" says:
ssSee how it has fallen already upon
US. than whom O more quiet people
never lived Two young men, of high
responsibility, have, at the instance of q
nun who led riot on the 4th of July
last, who urged the burning OF the town
and the iynching Of an officer of the law
on that OCCASION. been arrested aud are
of the Kuf Klux bill, when there is not q
shadow Of point whereupon to hang q
proceeding of that nature! Even the
pereons arrested for riot on the occasion
just alluded to cannot be tried under
that bill, though that was an offence
against the law and public peace immea-
surably greater than in the case we are
speaking OF. F>And the reason for it is
plain and evident. It is because there
was in neither case any Infringement or
attempt to infringe upon the; political
rights of others. The utter ,absurdity,
the palpRble malice of tho present pro-
secution, the falsity of the statements
which must have been made and sworn
to in order to bring it about, demon
strate, more clearly than. any other argu-
ment the extent Of this monstrous usurp-
alton, and discloses the fact that VIE are
at the. mercy Of every. man who has
malice enough in his heart to color suifi-
cienly his statement Of the offence COM
mitted against him. True, We may dis
prove the charge. and be acquitted by a
jury OF our. peers. but only at great ex-
pense, inconvenience and trouble. We
may be dragged to dungeons. treated
like brutes and subjected to unjust
pnnishments, before we can vindioate
our true position. All this would not
have been, bnt for the passage of the Ku
Kinx law. Let every man who has