The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-07-23
MEETlNa OF THE South CAROLINA


BUT LITTLE MoNEY.-An adjourned meet.
ing of the holders of South Carolina
bonds took place yesterday, at the Office
OF Drake & Brother, 66 Broadway. with
view OF taking some concerted action
for the collection of the overdue inta.
rest on these bonds and the prosecution
OF the State officers who have missppro.
printed the funds collected for the carry
ing on OF the State Government. Mr.
A.. A. Drake occupied the chair. and
called the meeting to order q few minntes
alter noon. There were but thirteen
persons present at fifteen minutes after
the hour named for the meeting.
MIR. u. A. Quintard reported that there
mad been some subscriptions made to.
ward the fund necessary to employ conn.
sci to conduct the prosecution. Mr..
Drake said they had received letters CON
veying sympathy, but no funds. "Others
think that we are running this in the in
terest OF the South Carolina ring. We
propose to commence proceedings as
soon as the per centage on $500, 600 is
Subscribed. Mr.. Qnintard stated that
names representing 100000 had been
secured to the list
MIR. Lewis offered resolution. that tho
Secretary publish a notice in all the
Leading papers, calling upon all holders
OF South Carolina bonds to call at the
oifioe OF Drake Brothers and contribute
one per cent. of the amount of the bonds
held by them. When sufficient sub
scriptien to justify it be made, q meeting
be called. and the counsel authorized to
commence proceedings. He spoke for
some minutes upon the resolution: de.
ciared that the Governor and the finau.
cial agents of the State we're amenable to
the law, and the Governor had property
within the reach of the Federal Court.
Inc resolution was carried unanimously.
MIR. Broadwell offered q resolution.
instructing the committee to ask the
cooperation Of bond-holders in other
cities.
Mr.. Chichester, of South Carolina.
said that the word .'repudiate' is not
found in the vocabulary of the South
Carollnians, who are an honorable peo-
Pile; but if 20.0OO,OOO per year is to be
added to the debt, it is to be expected
that reputation might come. If the
taxpayers are allowed in the next cleo.
ton to control their own affairs, he had
no doubt every dollar of the debt would
be paid. He felt sure that if these
carpet-bag rascals were exposed in the
courts before election, it would have
o very important bearing upon the cleo.
ton.
Mr.. Bowling addressed the meeting,
arguing that it would be better to wait
until after the election, for these men
may not be reelected. and the expense
OF prosecution would be saved.
Mr.. j. 81. Hubbard, counsel for the
committee, urged Immediate prosecu-
ton. He declared that the financial
statement for South Carolina was made
up in this city by Governor Scott; with
out any reference to the books, and was
certified to by the Financial Board.
The meeting adjourned, subject to the
call of the Chair, and when the invita-.
ton to subscribe was extended to those
present, but one signed the list. The
meeting broke up into little knots, and
e1citedly discussed the situation. One
gentleman declared it his belief that the
movement was stock -jobbing one, as
MIR. Bowling, one of the committee, sis
counsel. he declared, ''for E. X. VIII.
lard, who holds SIS. 600, 900 South Caro-.
lima securities. "-New York Herald, 1911.
The LowREY GANa-Another of the
Lowrey gang of outlaws has been sent
l