Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1873-07-31

other cereals have turned out well. A good
deal of cotton has been abandoned on account
of the grass.
But few reports come from South Carolina.
The heavy and continuous rains in the early
summer have caused an abandonment of COT
ton on some lands though not to any consid-
erable extent. The crops are backward here,
as in Alabama, but later accounts are more
encouraging, and an average crop will perhaps
be made
Correspondence of the News and Courier
TREASURER CARDOzO INTERVIEWED.
COLUMBIA, July %.
Treasurer Cardozo and Comptroller Hoge
returned from New York on Saturday last.
AS there have been various speculations in
dulged in as to the object of their visit, and
pretty general suspicion that it was connected
in some way with the movement of the bond
holders to force the payment of the interest
upon their bonds, through the Supreme Court,
| concluded yesterday afternoon that it might
be we'll worth my while to call upon the
treasurer and see what he had to say upon the
subject of his trip to New York, and also to
get his side of the question as to the exhaus-
tion of the funds in the treasury, about which
there have been very grave complaints. With
this object in view, betook me to the State
house, and, when there, sought the Office of
the treasurer. Fortunately I found Mr.. Car
dozo in, and disengaged, and, stating to him
that desired to see him alone for short
while, he very politely invited me into his pri.
vate Office, the sanctum sa,actorum of the treas
ury, which is in rear of the room where the
books and records are kept, and where the or.
dinary business of the Office is transacted.
WHY THE TREASURER. WENT TO NEW YORK.
Mr.. Cardozo said, after taking a chair,
have called to "intervew" you little ifyou
have no objections, upon some matters of pub.
lie interest.
Cardozo. Well, sir, am at your urservice I
am glad of every opportunity to give the peo-
pie of the State information as to the transac.
tions of my Office, in which l know they very
naturally feel very grave interest, and for
which, accordingly, l feel very grave respon-
sibility.
Correspondent. In the first place I would
be glad to know if your recent visit to New
York was upon business connected with your
Office, and if 80, what business? You are
aware presume that your departure to New
York has been the cause of some comment,
such as that you are connected with the spec.
ulation in the bonds, &c.
Cardozo. Yes, I have noticed such a report
in some of the letters to the Ne,us and Courier
from this place. But there is no truth in it.
Ihave nothing whateverto to do with any specula-
tion in State securities, and my recent trip to
New York was purely on account of my own
private affairs. had some private matters
to look after, principally in Washington,
and after had finished that I ran on and
spent few days in New York.
NO MARKET FOR STATE BONDS.
Correspondent. Is there anything doing in
our State bonds in New York?
Cardozo. Nothing whatever, as far as could
learn. The States credit is entirely gone,
and the bonds are as fat as they can be- AS
you remarked in one of your recent letters it
would be fool'serrand for myself or any one
else to go to New York to raise money on &C.
count Of the State. do not think there are
any sales Of our bonds at all. No one comes
to buy them even at the low figures at which
they are quoted and the holders are simply
keeping them in the hope that something may
turn up by which they may be able to realize
something for them.
NO CONNECTION WITH KIMPTON.
Correspondent What is Kimpton doing
as financial agent of the State? Have you
any dealings with him?
Cardozo. There has been no business done
between Mr.. Kimpton and myself have
neither paid him nor received from him any
money at all and so far as my administration
is concerned, he has had nothing to do with
the finances of theState He has no bonds of
the State, or at least claims to have none.
ANOTHER BIG STEAL.
Correspondent What has he done with the
bonds purchased on account of the sinking
fund, the agricultural college scrip, and the
six hundred thousand dollars of the bonds of
the Blue Ridge Railroad, which be held for
the State?
Cardozo. My information is that every one
of them was hypothecated for loans made in
Parker's term, and the whole of the one hun
dred and ninety-one thousand dollars in the
bonds of the State, in which the agricultural
land scrip, or rather the proceeds from the
sale of it, was invested, together with the two
hundred thousand dollars of bonds purchased
with the proceeds of the sales of the assets of
the State by the sinking fund commission are
a total loss to the State, unless the officials
who illegally disposed of them can be held
personally responsible
THE BOGUS CONVERSION BONDS.
Correspondent. You say there is nothing
doing in our State bonds in New York. Can
you explain to me how it is that there is such
disparity between the value of the January
and July and the April and October bonds2
I notice in the New York papers that the Jan
uary and July bonds are quoted at 10, and
the April and October bonds at % and %.
Cardozo. Ihave been struck with this SEEM
ingly unreasonable disparity myself, and 1
cannot account for it except upon the suppo-
sition that by January and July bonds are
really meant the conversion bonds. All of
the latter have interest payable in January
and July. But all January and July bonds
are not conversion bonds; for there are, 1
know, the first 100000 of land commission
bonds, the bonds issued for funding the bills
of the Bank of the State, and perhaps some
others of the new bonds, the interest of which
is also payable in January and July.
Correspondent. Speaking Of these CONVEX
sion bonds, what do you think of the suit of
the taxpayers to have them declared void and
cancelled?
Cardozo AS to whether the effort to relieve
the State of them will succeed or not, of course
I cannot presume to say. But l certainly
hope that it will succeed, and shall watch the
progress of the suit with great interest and