The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-08-16
TREASURES PAkKER's RESPONSE
Cardozo False or Fo, setful.
OFFICE OF STATE TREASURER,
N1x .r-r. q n Annnat 10 l2TD

OFFICE OF STATE TREASURER,
COLUMBIA, 8. c., August II. 1872.
Hon. r. L. Cdrdoso, Secretary OF state
SR-Your extraordinary letter Of August
9Th, addressed to your attorneys, Messrs. Mel
ION Il Corbin, relative to your connection Win
the financial transactions OF the state, ana q
treatise upon constitutional law, &C., 60, Is
before me-. will reply briefly 10 tnaC portion
ofit devoted 70 myself.
First. You say that In November, 1870,
(you) began to suspect that the conversion
bonds that had been sealed my me (youl were
not being used for the purpose Tor Whicn tney
were Intended.
NV only reply to this weak and absurd state
melt is that there never was conversion
bond sealed BY. you that yeu did not know for
what purpose 1t was sealed, or might nave
known had you desired to do 80. II you did
not know, 1t was your own fault; the PROOF OF
which is ample.
Second. Concerning the sterling bonds ar'
thorlZed by act of the General Assembly, SEES
sIon of lS70-71, you have made 30 many rdl-
culous assertions, unsubstantlated by single
line of the testimony, that pronounce all yon
have written upon the subject, except upon
two points, az pure invention, and leave the
public to Judge of your motives.
Upon tine TWO points referred to, nave
only to say, to the first statement, ''that you
sealed $500, 900, and refused TO seal any
more" the nrst part, viz: that you sealed
$500, 900, is correct; the other part OF the
statement is false, as you were never asked 10
seal any more, as they were never taken from
the American Bank Note Company Tor signs-
tlre or sealing. This does not rest upon my
statement alone; there is proof OF the iact,
which will furnish If you are bold enough 10
deny 1t.
The second statement 'that the treasurer or
Financial Board meant to hypothecate the en-
tire s6. GOO, 600 of these bonds as late as Marcn
last. Without the knowledge of the Sterling
Fund Board, and were only prevented from
doing go by the timely repeal of the act. and
cancellation of the bonds by authority OF the
Lepislature;n so far as am concerned, ooth
as treasurer and member OF the Financlai
Board, Ipronounce the same to be false, ana
for proof of my assertion refer TO Governor
Scott and Attorney. General Chamberlain as
evidence. will add, furthermore, that all
these bonds were in my possession, In cnaree
of the American Bank Note Company IN New
York, from the date of their preparation, after
they had received the seal of the State, until
inst before the General Assembly adjourned In
March last. and that at no time did contem-
nlate the negotiation or sale of them In any
manner whatsoever, nor did l or the Financial
Board attempt TO do 80. deiy proof to the
contrary, and charge you with either entire
forgetfulness or wilful perVersion oil the
truth.
ing bonds in the month of October. 1871, and
following down to the period OF the passage
of the validating act; 80 far as IL relates 10
conversations, pu-porting TO nave taken
place between you and myself, l have only TO
say that will not admit that taere Is ~ any S
truth whatever In the words that you have
put fn my mouth. But 1t Is immaterisl to the
bubble what may have been said by you or my
self upon the subjecti acts and facts are Bnat
the public want.
You declare with great apparent se!l-com-
LAT 1871
have not sealed single bond, though repeat
edly requested to do so; to which reply that
unr have never refused to seal any bonds rie-
sented to you sluce that period, until those
now belonging to Messrs. Morton, BLISS q GO.
were presented, as have had on hand all the
hnnds that / required for conversions already
sealed by YOU, and still have some for that
nnrpose. but not sufficient number 10 meet
the demand above alluded to:
Yon then 20 on to state what language you
,,sed to the State treasurer, and Wnat ne use9
in reply In reference to the conversion ano
disposItion of bonds, all OF which rests enIire-
iv I1pon YOUR statement, uasubstantlageo py
Evidence. and is unworthy Of notice. whether
nsed the language you impute to ne or mol
Ia of NO consequence 10 the proper interpreta-
tion of INV acts, and no gentleman would nave
dragged such irrelevant matter before tne puo-
lie. Common courtesy aud the ordinary ruies
governing official intercourse, II nothlng more, a
making public use Of private conversation. But
deny having said anything you have charged
upon me In this connection.
You say next: That (you) have already
sealed sufficient bonds for all legitimate pur.
noses. ** and that the amount OF
Is. Sili l5i.ss rs in bonds have been Illegally, |
fyonl Claim, issued" Ts which 1 reply that
tSe LEGISLATURE, by the passage of the act
known az the t'validatlng act" says:
HSEc. /. Be it enacted by the Sonata and
House Of Representatives OF the slate OF
South Carolina, now met and sttlnS III t1ene-
raj Assembly, and by the authority OF the
saioe. That the said bonds and obligations
issned in behalf of this State, as mentioned
ond cot forth in the report OF lhe treasurer OF
this state to the General Assembly, oated
October 3lst, 1871, were duly ana laWiuIy
issrIed In conformity with the true lntent anu
meaning of the several acls Oh Gue Tenelai
Assembly hereinbefore set forth by their re-
spective titles. 80 t,,,
State. authorized under the provisions OF lne
laws Of this State, and OF tne several acis c,s
hersinbefore referred to, TO the extent OF all
issnes of bonds or obligations enumerated anu
not forth In the said report OF the treasurer
be- and are hereby In all things rallneo, con-
firmed and established.
aSrcf That each and all the bonds named
IN ssid annual report OF the treasurer OF this
State fnr The fiscal year ending with October
M al isTl. be, and the same are hereby, de-
ciered to be legal and valid bonds OF the State
oo of sontb Carolina, for the payment OF which
the tn faith. credit and funds OF the State nave W.
been. and are hereby, pledged Provlaeo'
That no bonds be included Wnlcn are not s re-
,aasrod N the treasury at the time Of the pas
saoe of This act, as provided for In Section II,
% Arficls of the Constitution, relating to hnanee
and taxation"
II fnrther SAYS:
i.spc; 8. The Governor is hereby authorized
and REQUIRED to Sign all of the bonds name9 !na
In this act; the State treasurer ls autnoIl1eu .e
aad required to countersgn the same, anu tne o
secretary of the State is autnorizeo auu ~