The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-07-22
An. UNHAPPY CROWD.
Meeting Of the South Carolina Bond
holders-Plenty OF sympathy, but Lit
tie Money,
from the New York Herald, July 1s.I

from the New York Herald, July ls.l
An adjourned meeting Of the holders OF
South Carolina bonds took place yesterday az
the Office of Drake & Brother, S6 Broadway,
with view of taking some concerted action
for the collection of the overdue interest on
these bonds and the prosecution of the State
officers who havo rnisapproprIatad tha funds
collected for the carrying on OF the State gov
ernment. Mr.. A. A. Drake occupied the chair
and called the meeting to order few minutes
alter noon There were but thirteen persons
present at fifteen minutes after the hour
named for the meeting.
Mr.. E, A. Oulntard reported that there had
been some subscriptions made toward the
fund necessary 10 employ counsel to conduct
the prosecution. Mr.. Drake said they received
letters conveying sympathy, but no fnnds.
.tOthers think that we are running this In the
interest OF the South Carolina ring. We pro-
nose 10 comm snce proceedings as soon as the
percentage on $500,000 is subscribed" MIR.
Ouintard stated that names representing $300,
900 had been secured to the list.
MIR. Lewis offered q resolution that the sec
retary publish notice In all the leading
papers calling upon all holders OF South Caro-
lima bonds TO call at the ofice OF DRAKE
amount of the bonds held by them. When q
sufIlcient subscription to Justify II be made q
meeting be called, and the counsel author.
lied 10 commence proceedings. He spoke tor
some minutes upon the resOlutloni declared
that the Governor and the financial agents OF
the State we're amenabie to The law, and the
Governor had property Within tile reach OF
the Federal court. The resolution was carried
unanimously. ,.
all nAs q .
ing the committee to ask the cooperation OF
bondholders In other cities.
Mr: Chichester, OF South Carolina, said that
the word s'repudlate' is not found In the vo-
cabulary OF the South Carolinisns, who are an
honorable people ; but If $40, O,OOO, 600 per year
is to be added 10 the debt 1t is TO be expected
that repudlation might come. II the taxpay,
era are allowed in the next election 10 oontrol
their own affairs he had no doubt every dollar
of the debt would be paid. He felt sure that
If these carpetbag rascalB were exposed IN the
courts before election 1t would have very
Important bearing upon the election.
Mr.. Dowllng addressed the meeting, argu'
Ing that 1t would be better to walt until alter
the election, for THESE men may not Do re,
elected, and the expense OF prosecution would
be saved.
MI. J, q. Hubbard, counsel for the commit
tee, urged Immediate prosecution. he de-
clared that the financial statement TOR South
Carolina was made up 10 this city by Governor
Scott, without any reference to the BOOKS, ano
was certified to by the financial board.
The meeting adjourned, subject to the cal
of the chair, aud when the Invitation to suo
scribe was extended to those present but one
signed The list. The meeting broke up iutc
lille knots, and excitedly discussed the situa
tlon. One gentleman declared 1t hls belle
that the movement was stock 1obblng one
as MIR. Dowling, one of the committee, "it
COUNSEL" he declared, "for 3. Z. Willard, Wht
holds ST, ,0OO, 600 South Carolina securities"