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

State, and commended to the people by priest
and politician. Does any one wonder at the
stringency OF our finances Let him turn bis
eyes 10 the fruits borne by the iucendiary and
revolutionary utterances of these Democratic
lelders-the political allies of the gentlemen
on the other side-these men who 30 loudly
proclaim their honest concern for the lnterest
Of The State, and his wonderment VIII cease;
uDoes he inquire whether or not these WILD
threats had the effect OF accomplishing the
object sought? Let the history OF our securl'
ties In Wall street; let the hardshlps en-.
countered In raising our annual revenue and
the rapid decline of our bonds from marker
value of elghty-ave and ninety per cent. TO
TWENTY-FIVE and thirty per cent. answer tne
INQUIRY Does he ask whether The threat con.
veyed in these words, this majority We snail
have In less than year. has ever been pnt
In execution? Let the hundreds OF neW.maoe
graves iu which lie the bones OF the Vlctlms
Of midnight assassination; let the lacerated
backs of men and women; let the women
whose persons have been violated Dy tne
aendIsh emssarles of Democratic malice; let
the dark annals of the Ku.Klux dens, which
have 30 foully disgraced the history OF
Christian America, as unfolded oy tne COMES,
confirmed by the heart-rend1ng recital of
cruetles endured by many of the victims
themselves, furnish the true and conclusive
reply; :. :. ,o,,,rsd 60 s,A nm in bonds ,o
raise So, 100000 in money can certainly be
surprise 10 no one who Is ID any manner ac-
ouainted with the terrible ordeal through which
the Republican administration Of South Caro-
7, lima has been forced to pass. That the Legis-
lalure OF South Carolina could not even as-
sumo to afix q market value to the bonds OF
the State can easily be accounted for by the
bold and reckless threats ofthe Democracy-Dy
the bitter denunciaions hurled at the heads OF
! the legally constituted officers of the State,
through the public press, on The nustings, and
even in the pulpit, by the infatuated adVo-
Gates of the Democratic party of the South.
| The surpliced clergyman, commissioned to
preach The doctrine OF the new Evangel:
| Peace on earth and good will toward men,
stained and polluted rs man hls surpllce as
as priest. Instead OF preaching peace ne
sowed discord.
s.The political leaders, instead of eVlnclng
spirit of amIty toward their fellow-cltizens-.
| iustead of lending their craftsmanship and
| their influence toward retrieving the shattered
| fortunes of the State-advised resistance TO
the State Government, and threatened open
opposition to the Federal authority. Tney
| fred the hearts of their fanatic followers, ana
thus sacrificed the lives of hundreds of inoffen-
slve citizens to satisfy the demoniac demands
| of the blind votaries of helish Democracy.
"Had the Democratic party of South Carroll
| ma eyinced desire to advance the prosperity
of the State, to maintain her credit IN tne
| financial world, to develop her resources, and
to make her waste places blossom as tne rose,
| know that the Republican party, torgetting
all political differences, would cheerfully have
| lent lis every effort TO the accomplishment Oh
| such o laudable and benefcent undertaking
.Instead of forming combinations, having
for their object The crippling OF the hnances OF
| the State, the driving away of capital from our
borders, and the hindering OF our commercial
sdvancement-had they listened to the exhor-
tstion of the people with whom am identih-
ed-the asperities of the past would have been
forgotten, and to-day the blessings or peace
and amity would pervade our entire STATE"
WHAT DEMOCRATIC MALICE HAS COST THE
STATE.
1t will thus be seen that while the debt OF
the State appears to be about $l5,OUO,OUO, OF
an Increase OF q little less than $4,000, 0OO ~
four years, nearly s6,0O0,0 600 OF the increase
arose from the depreciation 10 tne qalue OF
State bonds leaving So, ,400, 900 to be accounted
for. and It is accounted for as folowe:
Paid on account of lands. ........s 7OO,O00
Redemption of bills receivable. ..... 600,00O
For the past due Interest In 1861. 70O,O0o
For all other purposes. ............... Vo,ooo
VOtal, 6'oVofVoo
The last item was the floating debr, con-
tre cted before the present State Government
went into power The only portion OF the
above which is chargeable 10 the present ad-
mIniStration is $700, 600, which was pald lot
lands, for which The State has got the value IN
them, and should measures be taken 10 sell
these lands In accordance with the law 10 sell
tiers, an amount can BIZ realized sufficient to
reimburse the State for The outlay. Add The
s7OO. 900 to $500, 900, and We 1ud that the rea. /
increase of debt tor which the Slate mas nad
the benefit In four years Is $l.60O, oOo-less
than s400, 900 year-a sum not largely ID ex-
cess Of the amount annually Wltnnela Dv hull
payment OF taxes.
There are not wanting those who denounce
the administration as corrupt and extraVa-
CANT, and declare The came to be failure.
Those In our own party, as well as our, Woul1
d. better to study minutely Into the financial
affairs before they presume 10 crlllelse OF con
demnIt. I boldly and uneqniyocaly deny
that our State Government has been failure,
Notwithstanding the large increase OF debt.
hold t te have been an unqualified success 10
everythiug save The matter OF debt. The ad-
vantages gained by it are far In excess OF the
disadvantages incurred by the increase OF
debt. d
DEMOCRATIC RULE.
Graot that the debt has been Increased
So 200, 900, who can say that 1t would not nave
beeG quite as largely increased uEder Demo.
Cratic rule w UU tuot Iho ihAh'Sho VI
war debt would have been added TO the bur
dens of the people had the State been In the
hands OF the Rebel Democracy, and you would
have been taxed to meet the interest on IT,
and eventually 10 pay 1t? Should the same
Democracy succeed In getting Into power this
wear there Is no fear OF their reputation OF
the State debt already contracted-none what
ever: they will add ST, ,00O, 900 to it within TWO
wears, and while they might lessen the tax on
real estate, they would put It on the co!orea
laborer and the merchant. Turn back 10 lo65,
when the Black Code was passed, anc see
what they did then. Believe you taat tne
spirit which existed then has died out Nota q
biz of It. At least, do not believe IL, IL sou
do. see evidence, daily, to convince nee 10
the contrary.
THE REPUBLICANS FOUND AN EMPTY TREASURY.
Let those who say that the Republican
party has been failure here, take broader
View Of it, and then ask themselves the ques.
tion: What was the condition of the treasury
In 1868, when the present administration came
into power? There was not dollar IN tne
treasury. The old bonds of the SLate were
worth no more on dollar than the new ones
are to-day. No interest had been paid on the
public debt tor years. The State had neither
money nor credit then, and no worse can De
said Of 1t now. If 1t is ruined now, IL was
ruined then. But 1t is not ruined. IL 's &c
be- regretted that the debt is so large. but IL
cannot be helped; all there Is to do about lC
is to pay 1t; 1t won't ruin the State to pay Iii