Beaufort Republican. [volume] (Beaufort, S.C.) 1871-1873, 1873-05-08
The Largest Bona Eide Circulation.
A JOB IN BONDS.

state bonds The preliminary
steps have been taken. A firm of
New York bankers make demand
upon the comptroller to levy tax
for interest in November. He very
obligingly declares in writing what
he will not do seven months hence.
Having been thus furnished with
the basis of suit the bankers ap-
ply to the supreme court for a rule
to compel the levy ofa tax to pay
the interest on the public debt.
The last report of the comptrol-
Ter asserts that in round numbers
our bonded debt is sixteen millions
of dollars. We do not believe that
any one knows how much the bond
eddebtis. Gov. Scott has frequent
" asserted that all the bonds which
were taken up by Parker, and for
which the new conversion bonds
we're issued, were reissued instead
of being cancelled. We have heard
him say that he did not believe that
any one knew what amount of
bonds were out.
Why did the treasury give out
SO suddenly. The Moses admin
istration has drawn more money
from taxes than ever Scott did, and
to day the treasury is as dry as a
mummy. Why are not the school
funds paid out ? Can not the an
swer be found in this bond specula-
. ton. 100000 used as a margin
would carry $1,000, 900 at 1S or 20,
the selling price of few weeks ago.
Should tax be ordered to pay the
July and January coupons next
due, the bonds, it is argued, would
20 up to 40 and the ring could sell
out and clear a million of dollars.
The present movement is the
same which was commenced when
Gary was turned out of Office as
state auditor. The ring were
forced to defer their scheme for
fear of losing the power to carry it
out. The election had excited a
little attention from the people, and
records had been freely ventilated.
Since then, by means of the, Charles
ton News and a very cheaply sub
sidized country press, the people
are again lulled into stolid indifFer-
ence. They have been convinced
that we have at tho capital a tol-
erably decent ''set of scaIlawags,
carpet baggcrs and darkies," who
wont steal more than they can car
ry away. So we'll has this work of
composing the public mind been
done by the press that the counties
are vieing with each other to see
which will most promptly pay its
taxes, and the local Organs ofpublic
feeling" brag that the delinquent
lists in their respective papers is
the smallest in the state.
Everything now being lovely.
the suit is arranged for. The state
is allowed to become a party to it.
The supreme court appoints an
early day for the hearing. Then
the "tax payers are aroused by
the News.
Moses employs Major G. D.
Melton, to assist S. W. Melto',
NJ. C. Gary, Armistead Burt and
A. B. DeSaussure are retained for
the taxpayers. The "Taxpayss
ers Convention" farce is to be re-
peated under a new name. Some
of the same committee which Gov.
Scott says asked ten thousand each
for making the report of 1870, arc
figuring again as champions of the
tax payers. The result will be the
same. The Taxpayers convention
was stock jobbing trick and the
only people who will be benefited
now will be the same set Of intensely
high-toned gamblers.
No one need fear that interest
will be paid on fraudulent bonds.
The tax will be levied, but there are
a thousand ways to spend money
to better advantage than paying
;ntorost IN bondholders. Another