The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-10-11

THE BONDS. AS a matter OF justice,
We copy the following letters of Score
tary Cardozo and Mr.. Solomon. in
reply to the charges of Senator Dunn :
COLUMBIA, 8. O., Oot. 8, 1874.
TO Hon. s. ". Melon-DEAR SIR:
ln answer to your communication Of
this date. requesting me to state whe.
ther Mr.. Thomas O. Dunn, of Horny.
had not made statements to me look.
ing TO additional legislation at the
next session of the Legislature for the
purpose OF funding what is known as
the conversion bonds, have to say
that, after Senator Dunn's return from
New York, he had conversations with
me In the rooms Of the South Carolina
Bank and Trust Company, in Which he
said that the conversion bonds ought
to be included in the funding act, and
that money could be made ont of it.
He did not propose any specific
scheme. do not recall tue partlcu.
lars OF the conversation, bnt the pur-
port of 1T was that he was in favor of
taking up these bonds. and that the
credit of the State would not be re-
stored until this was done. Very truly
yours, HARDY SOLOMON.
a' COLUMBIA. 8. O.. Dot. g, 1874.
Hon. Samuel W. lMeuon, Attorney
General s. C.-S1R: In reply to yours
Of this date. requesting a written state
ment of the conversation We held on
the letters and report of Senator t.
q. Dunn, have the honor to state.
that in the month Of June last, Mr..
Damn made report to me Of what he
considered Irregularities in the issue of
several classes Of the bonds author
lied to be funded by the General As
sembly last winter. L learnt from YOU.
and afterwards from himself, that he
had written you, requesting you to en-
join me and restrain the execution of
the law. The irregularities alleged are
these: That the bonds referred to were
authorized to be sold within twenty.
four months after the passage of the
Acts. and that he discovered that tho
parties to whom the bonds were hypo.
thecated sold them after the expiration
OF the twenty-four months, notwith-
standing The hypothecation took place
before that period, and the State had
received the money authorized to b.
very trif!ng reason for 80 grave step,
and that ut best such an objection
would be regarded as merely technical; :;
and knowing Senator Dunn quite we'll.
from a Gloss and careful observation Of
his character for the last two years in
the Senate. and especially Lis conduct
in advocating the payment of the Blue
Ridge scrip last winter, when he tried
to revive the subject, even after the
Legislature had emphaticaIly refused
to pay it, imm msdiateIy concluded
that tho alleged reason was mere pre-
text, and that Senator Dunn had some
ulterior object in view. I. therefore, set
myself to work to find it out. In CON
versing with Senator Dunp, one dny,
in my office, asked him what was his
real object in trying to prevent the
execution of the Funding ACT, which I
thought 30 beneficial to tue State. He
said he wished the execution Of the
Act delayed. until. by supplemental
legislation next winter, he conld got
the 'cop version bonds" and the "B!ue
Ridge scrip" included in the settle
meut.
In further conversation with Senator
Dunn. inferred that this method was
pursued to compel mo to withdraw nv
opposition to these two swindles. This
conversation I afterwards communi-
Gated to you, and authorized you to
make whatever use of it you thought
proper. Very respectfully, &C.,
&. L. CARDOZO, Treasurer s. @.
Onrria1