The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-09-25

Counties IN FLORIDA. Army ana Doll WofWS,
as we'll as rust and rot, have done some dam
age. Picking has generally commenced, and
with favorable weather, the yield is likely to
exceed that of last season.
The Coming Fight over the Public Debt
The State Fair.
The correspondent of the Charleston News
and Cdarier furnishes the annexed information
about the fight over the Indebtedness of the
State, and interesting items as to the approach
ing State Fair:
COLUMBIA, September Is.
The leading topic of conversation among the
politicians connected with the State Govern
ment or attached to "tbe party" is the matter
of the State debt, and how it is to be adjusted.
From present indications, ii seems that there is
likely to be a three-cornered fight upon the
question: First, there is the Bond Ring, doing
business at present under the firm name Of
Morton, Bliss & Co. Of this ring Cardozo and
Hoce are reported to be active members. The
pose of the Ring is to bull the particular bonds
which they have bought up and which are the
five several classes embraced in the suit of
Morton, Bliss & Co., amounting in all to some-
thing over S3,0O0,0O0. The presumed course
of the Ring will be to prevent any hostile ac-
ton whatever on the part of the Legislature,
so that they may proceed without interference
or delay in having tax levied solely to pay
the interest upon the bonds held by them, ac-
cording to the recent decision of the Supreme
Court. 1t is said that the Ring is friendly to
any effort which looks to the overthrow of the
Conversion Bonds, upon the ground that the
more the debt is reduced in other directions
the greater will be the enhancement of the
value of the bonds owned by them. 1t is be-
lieyed, too, that, having as it were, secured the
vantage ground for their bonds the Ring will
stoutly oppose any attempt at general scaling
of the debt, which would throw their bonds in
hodge.podgs with all the others, and thus cause
them to lose whatever peculiar advantages they
now enioy. The Bond Ring will thus form q
distinct party in the struggle which must inev-
itably be made over the settlement OF the debt.
The second party will be the holders of the
Blue Ridge Scrip and of unsettled claims OF
doubtful character, and of various kinds against
the State, headed by the willy and notorious
DR.. Neagle. This crew Of "ne'er do weels" are
anxious that hodge-podge of the debt, with a
view to general reduction, should be made;
provided, however, always that their own worth
less scrip, bogus warrants upon the treasury,
fraudulent certificates, &C., shall be put in
along with the rest and "biled down" pro rata.
It is the only chance left for the holders of
such claims, and they will work like beavers to
insure the success of their scheme.
Then we have an active party. OF which
Attorney General Melton, and, perhaps Gov.
Moses may be regarded as the leaders. These
have two-fold object in view: to satisfy the
demands of the people, by reducing the debt
in some measurably equitable way, and at the
same time to avoid an investigation into the
Conversion and other illegal bonds, and pre-
vent their utter reputation. They favor the
scheme of proportional scaling of the pres
ent bonded debt, so as to reduce it to about
SS,0OO,0OO. They are thus diametrically op-
posed ostensibly at least, to the Bond Ring,
nor can they afford openly to favor the plan of
the scrip holders, for they know that even the;
acknowledgment of the Conversion bonds,
though in submissive way, say at twenty
eight cents, would be unpalatable to the people,
and that the scrip would not 60 down at all.
This is what may be termed the administration
party; the objective point Of which is the next
elections Between these contending factions
it is expected that most spirited and interes-
ting warfare will be kept up from the time the
extra session commences, the 2lst October, to
November 18th, when the comptroller must
announce the rate of taxation ior the next
fiscal year.
THE NEXT ANNUAL FAIR. h5,e
The managers of the State Agricultural and
Mechanical Society and of the Joint Stock
Auxiliary Company are exhibiting considerable
activity in preparing fer the fair which opens
on the 9th of November. The premium list
which has been published has been greatly inn
proved and extended, particularly. in the stock
department. President Woodward comes down
from Winnsboro' frequently to consult with
the executive committee and look after the
okoI TNhoro ro n ha
additions to the general exhibition buildings,
and great many new arrangements made for
the housing of stock and cattle, and for the
accommodation and comfort of visitors. The
side shows, drinking booths and such like
nuisances which occupied the front grounds
last year, between the main entrance and the
exhibition building, are to be removed this
year to the further end of the grounds and to
facilitate travel and prevent the confusion
which has hitherto occurred between parties
coming in the grounds and those going out,
another gate is to be opened at the upper side
of the enclosure, so that there will be one gate
to come in and another to 60 out. A great
deal of attention. too, has been paid to the race
track by the committee who have 1t IN charge.
The track has been widened to sixty feet; Is
graded, and has been heightened
under the direction of competent engineer,
so as to form a regular elipsc three quarters OF
a mile in circumference. Racing men who
have examined it say that it is now the best
track in the South, and that there is not su:.
perior one in the United States. A grand
stand for the race course is in process of con-
struction and will be very handsome, it is said,
and capable of seating four thousand persons.
The merchants of Columbia and others have
subscribed yery literally to purses for the races,
and the committee have already received noti-
6cation of the entrance of twenty-four fast
horses from various States. Harry Bassett and
Hubbard are among the most noted mentioned
as coming. The people of Columbia are learn.
ing to appreciate the Importance to the city OF
making the fair a success, and greater efforts
and a more liberal outlay of money will be
made this year than ever before to secure 1t.
QUI VIvE.