The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-07-19
THE SOUTH CAROLINA CARPEr.BAGGERs.
Meeting OF the South Carolina Bondhold-
crs-Pienty OF Sympathy, bat Little

Meeting OF the South Carolina B0ndhold-
crs-Pionty OF Sympathy, bat Little
Money.
An adjourned meeting OF the holders OF South
Carolina bonds took place yesterday at the office Of
Drake Il Bro, SO Broadway, with a view OF taking
concerted action for the collection of the over
due interest on these bonds and the prosecution Of
the State officers who have Incorporated the
funds collected for the carrying on of the State gov
eminent. Mr.. A. A. Drake occupied the chair and
called the meeting to order few minutes after
noon. There were but thirteen persons present at
6iteen minutes after the hour named for the meet.
Mr.. r. A. QuINTARD reported there had been some
subscriptions made toward the fund necessary to
employ counsel to conduct the prosecution. MI.
Drake said they received letters conveying SYM
pathy, but no funds. "Others think that we are
running this In the interest of the south Carolina
ring. We propose to commence proceedings as
as the percentage on 5000 900 is subscribed"
500, 900 had been secured to the list.
Mr.. LEWIS offered o resolution that the secretary
publsha notice in all the leading papers calling
upon all holders of South Carolina bonds to call at
the once of Drake Brothers and contribute
one per cent OF the amount OF the bonds
held by them When suiacient subscription script to
the counsel authorized to commence proceedings.
He spoke Tor some minutes upon the resolution;
declared that the Governor and the financial agents
of the State were anenabe to the law, and the
Governor had property within the reach of the
.IeOoru court. Iue TesOiutlOu WdS uuuul-
m0usly.
Mr.. BRoADwELL offered resolution instructing
the committee to ask the cooperation OF bond
holders In other cities.
Mr. CHICHESTER OF South Carolina, said that the
word ''rcpudate" Is not found in the vocabulary OF
the South CarOinians, who are an honorable
people; but 600 per year is to be added to
the debt 1t is to be expected that reputation
might come II the taxpayers are allowed III the
next election to control their AFFAIRS he had no
doubt every dollar OF the debt would be paid. He
felt sure that II these carpet-bag rascas were ex-
posed In the courts before election 1t would have q
very important bearing upon the election.
Mr.. BOWLING addressed the meeting, arguing that
Il would be- better to wait until after election, for
these men may not he reelected and the expense
of prosecution would be saved.
Mr.. J. IL. HUBBARD, counsel for the committee,
urged immediate prosecution. lie declared that
the hnanCia l statement for South Carolina was
made up in this city by Governor SCOTT without any
reference 10 the books, and was certified to by the
financial board.
The meeting adjourned, subject TO the call OF the
Chair. aud when the invitation TO subscribe was eX-
tended 30 those present but one signed the list.
The meeting broke up into little knots, and excited
ly discussed the situation. One gentleman declared
Il his belief that the movement was stock-jobDng
one as Mr.. bowling, one OF the committee, rs coun-
SELL" he declared, "f0r 4. X. Willard who holds
s., 000, 600 south Carolina securities"