The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-07-24
Parker ana tho Bona.holders.


gratnitous advice by our worthy Sta to
Treasdrer Parker to the bond holders in
New York; who are threatening to insti-
tute legal proceedings against the OH
cials of!.the State and the Financial
Board tosecure the payment of interest
due them. Though "Our Niles" is one
of these; officials. and also D member of
the Financial Board, he expresses un-
bounded satisfaction at the threatened
action of the bond-holders. The State
debt, says this good aud honest man, is
q sacred debt. OF course it is. Have
not the property. holders been amply re-
munerated for every dollar of debt ore-
ated? Are not the public edifces which
have been erected, the railroads which
have been built, and all the other inter-
nal improvements which have been con-
structed or fostered, far greater in value
than the $4,000, 900 of debt. and all the
assets of the State besides, which we're
unfortunately. lost sight OF through the
operations LOT the Sinking Fund Com
mission?
A valid consideration is the legal test
OF all obligations to pay money, and if
weiapply it toithe State debt which has
been incurred during Gov. Scott's and
the Hon. Niles Ct. Parker's administra-
tion, what honorable property-holder
can grumble at the payment of it2 We
cannot at this precise moment of time
call to mind exactly what railroads have
been built. or what canals have been
dug. The Union y Ii probably better
advised on those subjects than we are.
But we grant precedence to none. 80 far
as our knowledge goes. in properly &C.
knowledging the inestimable services his
EKcellency r. Kingston SCOTT and his
worthy ooadjutor, Niles G. Parker, have
rendered the State. especially lin the
matter of extraordinary expenditures.
for which only, under the Constitution,
bonds can be issued.
Il patping Taxpayers ask us for the
evidences Of their judicious Investments,
we will. not, like the hUaioa, perhaps.
treat the inquiry with that silent CON
tempt which grovelling curiosity right
fully deserves; but we turp with pride
nd1atistscion3to thAt nohleImpnpment
of onr Goyetnot's. devotion TO internal
improvements, the roof upon the State
House. Though all of it is not there
now. we atilt point to it end defy the Ku
Klux Democracy, who fam would de-
stroy all of it, to show that it did not re-
quire the heaviest kind OF gust of wind
to carry off the portion which has been
lost. '1# n F'1'N
Furth. rmore. III this noble piece Of
arOhiteoiure will not satisfy the niggardly
taxpayers as to the use which, has been
made of their paltry millions, we will
invite them down into the hall OF the
House OF Representatives. and bid them
gaze upon the gilded and jetted chande-
liers. the largest one of which has been
carried out to keep it safe. the beautiful
velvet.cushioned divans, the ample wal
nut chairs with Morocco bottoms, the
Ooe' '3AoSo Adh~oIoASAo 1Ao p0A'AOAOCHoS 4Ok
which half the Legislators have no use,
the stately China spittoons. for which all
have use, the $4,000 clocks, costly in
their simplicity, the magnificent Speak
er's stand, and the golden eagle which
scars aloft above it. $500
These, oh. 20 ungrateful ax.payers,
who villify and hate your noble Governor
and Treasurer, solely on account Of their
politics, are all your property, which
those whom you SO bitterly maligned
have purchased with that filthy luore
which they have kindly taken charge of
for you. They bought it, too. at
great sacrifice, for Mr.. Dennis, who is
almost as great benefaotor to the State
as the Governor or Treasurer, thou gh
the furniture cost him actually S2G1, Coo,
as he said. msgnanimously agreed to let
you. "being ea gen were. taxpayers"
have it for .less'than half price, and out
the bill down to something like $95, 900.
(yasN -