The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-07-30
Tho Peoples money-continued.

your enemies en- keep you poor, they vii
always haro the advantage of yon, and even
5uslly bring you again Into subsection. Wha
mean BY getting rich is-get something
day ind every year: e1d with your daily want:
supplied, and a little surplus, you are rich ano
independent; and to be Independent is to be
rich. repeat 1t, you oughtto be thankful ano
rejoice that you have men in the Republican
party who possess some wealth.
THE REPUBLICAN PARTY NECESSITY
The Republican party ls as much necessity
to-day as 1t was In 1860 or 1865. or at any llme
In the history of the nation. II the hepuon-
can party falls now, you have lost your noeri
ties, at least for while, perhaps forever. l
speak not only to coored me9' Ont ;lsa1 70 Tue ~
titudes of white men who had no polltlcal OF
social status before the war; ana tney were
the great majority of white men In the State.
These Door white men and their iamllles were
systematically oppressed and disholored.
Every obstacle to their prosperity, and 10 the
education of their children, Was strown In
their way. They had no rights which
the rich man was bound to respect, or
did respect. By oppressive and unjust laws
they were made ineligible to Office, and could
have no share In the government. With the
success of the Republican party, their rights
have been secured TO. The first time In their
history. Now they go to the Legislature, and
help make the laws. Now, by their votes,
they can raise and appropriate means Tor the
edncation and elevation of their children.
Now they can and do hold Offices throughout
the State, and stand men among the best of
men. The Republican party has secured sll
this. Only the Republican party can or will
perpetuate these principles OF liberty. equal
rights and justice to all men. 1P mission
Is pot completed. Its work is but just be-
gun. It will continue to be prime necessity
Till all dangers are past, and 80 long as It's
principles are menaced by powerful and un-
scrupnlous foe. There are no slaves now, and
nc; Door white man may be trampled upon oy
the rich, but the men still live who held the
co.ored race In slavery, and who crusneo tne
poor white man beneath their feet; ana Inelr
boast is that they have not changed, and we
know their opposition to the Republican party
is as malignant and violent as ever. Tney
come to YOU with honied words and falr
promises, but the men who would force tne
poor white man into the Ku-klux klan, anu
leave him to be punished In his hour OF trou-
BILE, and the men who would see eolorea .8l men
murdered because they were Republicans,
would put the black man In slavery If they
had q chance, and oppress the poor white man
as of old, II they had the power. 'The spirit
is Wflling,,n but they lack the opportunity. II
the Republican party, then. is a:"nauonal
necessity as Hon. Henry wilson says, II ls
infinitely more q State necessity, SO far as
not onlytfor the black race, but for the white
race as well.
Then let no man be swayed or mlsled by
their specious promises, or by their abuse OF
Republicans They are determined to abuse
and SANDER Republicans. 1t Is iaelr o6)ect 10
make us out the worst set OF men on the lace
of. the earth, and when they cannot find fault
Infamous falsehoods. 1 have made some
money, and they curss me for that; 1t were
DOOR they would cel6emn me for that, ana
ssy that man w.o could not take care OF his
own money was unfit to manage the finances
of the State, and think they would then be
far nearer right than they are now. Then
let them hold their peace till l am proven
guilty.. That is q universally recognized prln-
clpal of law and morals.
STATE FINANCES. =:
i will now dismiss this part of the subject,
and take up'the State finances. have neces-
sarily dwelt at length upon the matters which l
have passed over and trust the time has not
been misspent. Some things l deemed It
necessary to say-scarcely less than have
said would seem to suffice.
In 6 review of the State finances, / respect
fully ask your attention to my statements,
and. to my views relative thereto. will at
once take occasion to state that the plan
which has been pursued has never met my ap.
probation. had, at the outset, certain clear
" defined Views upon the subject, put toey
were not In accord with those OF his Excellen-
cy the Governor nor the legislative depart
ment.
By reference to the proceedings of the Con-
stitutIonal Convention, p. 362, It will De seen
that then, when I was chairman OF lne
finance committee, which reported the article
of the constitution upon finance and ta1alioh,i
reported In favor of restricting the right OF tne
State to Increase its deot py LIs v, ISSUE Ss, Ua
that At the time, had hopes and aspirations
for the Office of State treasurer; but did al 10
nv nower to try and prohibit the State rom
increasing its debt. will also add, tnat
nearly every section which reported, II not
every one, passed almost unanimously, except
the one referring to the issue OF oo1us. ny
reference to the proceedings OF the C3nsCltu-
tIonsl Convention, page 1852, It Will oe seen
thaI reported In favor OF restricting tue In
crease OF the public debt to $500, 900.
II Was overruled then, and also when the Le-
pislsture Of 1868 proposed the issue OF bonds.
under the restrictions Of tho constltutlon,
was opposed to 1t; but TO no purpose. p .h,n tne
to do but TO obey Its mandates. am IN no
wise responsible for the passage oi any law
authorizing the issue of bonds. when, now
ever. the law or laws were passed, had no
altefustiVe but to obey them. Taxes were al |
Weys insufficient and inadequate TO meet tne
demands OF the government, and, without an
adequate tax levy, there. was no means OF OBJ
raining money. except by the Issue OF bonds
Consequently gave my sanction, and did my
part faithfully and promptly. And, n1ter the
circumstances, have no regret for the per.
forrnanca Of my duty In the maintenance OF
the State government.
ISSUE OF BONDS.
The State government had to be maintained.
By no consent Of mine should 1t be oVerthroWn
or fmperllled while there was authority In The
statutes to raise money, even though dlsap-
proved of the method. yielded my consent,
therefore. to what seemed necessity, and,
With the Governor and secretary OF State,
,saned bonds 10 meet the demands upon the
treasury. In all that issue OF bonds, however,
distinctly and copscientiously declare that
had no other motive in view than to sustain
The state government. No private consldera-
tion astuaSed me for single instant, and no
mart or palm ever came to me In consequence
Tf It. I say this without fear OF proof 10 Tue
Contrary. and in defiance Of successful contra-
dietion. e,,+ M,
GENERALLY considered by those who hurl taelr
S1holesaie denunciatlons at me. Besides
being placed under o heavy bond for tne
faithful accounting of my official trust, ana
hayina nav office all hedged about Wltn nan-
datory statutes, my powers were still 1urIoer
limited aad circumscrIbed by the establish.
ment; by the Legislature, OF nnsnciai Soasu ssu
with supervisory powers. IL was one oi luz
duties of this board to appoint nnanclai
agent for the State, to be located at new I IorK'