The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-11-11

The Over.issuo OF Besas OF shi. state
stNFsiing statsnents. rs,
The sNew York World continues is
|staytling announcements In relation 20
the aREAr sposD swmpLE recently de-
Fveioped inGNew York. The World. in
its issue of Monday, says:
The report published In this paper
yesterday Of the discovery OF tremen-
ac::s o-s.-;sswss Of South Carolins bonds
by the State financial agent has oreated g
most profound sensation in financial and
commercial orioles, OH account OF the
severe losses to which purchasers may be
liable, end in social and political circles,
on account of the depravity to which it
too clearly points as existing amongst
the irresponsible agents who have been,
by bnyoDet rule, thrust upon the people
of the Southern States us executive
State officers Information received uince
the publication of the article in question
shows it not only to be correct. but even
so tempered in the interest of truth and
justice towards nll as to fill far short OF
the renl condition Of affairs. 1t was
stated that the sum of $2U,U46. .00U in
bonds of the State Of South Carolina
had been printed by the American Bank
Noie Company Of this city, and passed
into the possession Of the State financial
agent; that every member of the Stute
Government was here from the Govern
or down, aud that party Of the
wealthy gentlemen Of the State, repre-
senting the tax payers, were here, watch
lug their proceedings and endeavoriDg to
lind out the actual tinancial condition of
the State; that it had long been known
that the State debt had been fearfully
increased, but to what amount it had
been impossible to arrive ut, as the Off
cials had all refused Information on the
subject. and the State Treasurer had
Oar rsfully kept the books Of his depart
ment locked from the inspection of tie
gentlemen who had wished to investigate
them with q vlew of learning the truth;
that the State financial agent had, he-
SIDES making the overl Issue Of bonds, s0
reduced the amounts raised on the credit
of the State by complicated system ol
commissions to himself, that only some
twenty-seven per cent. of money raised
10y him had ever found it's way luto the
State Treasury, and much Of this. which
had been Re ised to meet maturing obli-
cations, had been nsed for other pur-
unpaid, bnt increasing the aggregate. LII
relation to the printing of the bonds, il
was stated that the Governor (Scotl had
admitted such to be the fact, but had de.
MED that they had all bee:, used, or thnt
1t was the intention to pnt them into tho
market. Again, it was said TINT the
State agent had issued tho bonds, but
not on the credit Of the State. but on his
own Individual credit, III which case
the State would not bo involved. as it
could honorably refuse to shoulder the
responsibility Of puying them. Que
thing, however, is certain, that it is lIu-
possible for those most interested to get
any satisfactory replies to- their inquiries
from any of the officials. They have
tried to have the Governor explain why
SO greut an amount Of bonds have been
printed If they are not to bo used, and
also to get from him some decided esti-
mate of the actual Indebtedness of the
Stnte, bat they were only met by eva
sions aud subterfuges tending to throw
dust LII their eyes. Worst of all, it was
stmted that if all tho fncts in relation to
the over-issue were true, then the State
was utterly nnd irrevocably bankrupt
Now for the new developments. It is
discovered almost beyond doubt that
tho over issues are n paIpable fact, and
that instead of s2O.046 900. they will
reach the figure OF $50 O4G 900; that Of
this amount. Sl5.OU0.OOO have been
signed, sealed and shipped to Europe
for sale there, aud that the remainder
h"ve been put into tho market here.
But These fearful transactions, it is now
found, are not confined to the State of
South Carolina officials. Immense issues
Of much the same character hnvo been
made by those who ct present hold cou
troll of the finances of tho State OF North
Carolinn, and n prominent Southern
| railroad has been in ti,s samo lin. Of
business. Regarding these two lust, it is
not possible ut this time to give any re-
linble figures, but in few dnys it Will tie
given To the public, together with some
thing official about the South Carolina
matter.
UNroRrUNArE OCCURRENCE We learn
that Mr. II. l.. Hunter, Il gentleman re-
siding ut Liberty Hill, shot and killed II
coIoresl woman, under the following cir.
| cumstnnces:
MIR. Hunter had for some time been
| i !