The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-10-13
A Letter from senator It. G. Dunn.

deF0tu DIR: notlce In your pnper OF
this morning certain STATEMENTS of Mr.
Hardy 8 S>lomon aud Mr.. Cardozc,
State Treasurer, which you say '.fixes
tho scheme of re.openiDg the settle
mcnt OF the public debt npon me-"
say they fc nothing of the kind.
MIR SUIOmon's statement refers to q
conversation, Of which he caunUt re-
call the particulars, but he snys the
purport Was that was iu favor OF
taking up the conversion bonds, aud
that the credit 0f tho State wonld not
be restored untl! this WAS done HIS
stnte is only Il matter Of memory
and construction of words. which
conlsl have had no such nl"nuiug IL, liz
now attempts To place upon them. and
/ III y we'll all 'rd 10 pass u without
tI. .t;,nr cu;n;neni Bat Mr. CarIuzy'.
| statement ~ Of another cuuruct"r. Ii
Is not IA matter If mrn.ory and cru.
strucii"n OF lnnRnnge, bu' innt,"i IF
tLof, OF which. fortunately, thcra l., i,
writ:"u record, nlu about w,Ich, there.
fore, there eau be no roum iOr mistake
Mr.. Crdcz, states that the irrrsu.
urltieS in the isa,l. III certain b)ul. If
| which compialn"d were thcs-: "ria,
| 'he bonds referred To were authurlz Il
70 be sold with.n.twenty four months
after The p issnSe nf the Acts. anu that
! he discovered that tbs. parties to whom
the bonds wore hypo' ilcca,ri sold then
after tho expiration Of tweuty-fuur
months, notwithstanding the byt othe,
cation took place before TINT period,
aud tho State had received the none,
authorized to be raist,i thereon"
Nov, every person ut all familiar
with the matter will perceive that the
whole question as to ,hs Irregularities
| III the matter Of these b ,uus lies III tue.
question Of fuct, whether they were
used by tho officers u: ngunt Of the
State within Or beyond the tim.
limited by law. Mr. CArduzp says ex
pllcitiY the hypothrrat,un tuuk place
before that period. Ii Mr.. Clrdoz, =
Statement Is cnrrect, the bonds were
used Icgu.ly. but Mr.. CAr,lozo's s state
,nent Is not correct, and he knew II
Was not corrcc. whcu he mu.ie it. In
tue report which he says l made to
him, I used these words: ''Of th..
81 SIS ~ bonds winch were under
hypnthecatiUn III \ ,v.nlu.r, 1872,
81, 20l 900 were pledged by tbs ii nan
clni agent subsequent to the time when
Tue Authority l" SD pirdg. them hal
ceased, according to the terms of the
several Acts creating them. and also
Subsequent To the time when the full
amount Of money authorized IL lie
borrowed on auid bonds haL been %
tnincd;" aud III conrludiLs my report
concerning The bouhs In question,
used theso further words: so thut The
| final nf L., !. Il
lllegai-frst, because uf the expiration
OF the time within which they were nu
authorized to be used; und, secondly,
u. c Iuse the full amount of money nu-
thorizod by law to be- raised for the
State had been already exceeded"
Again, Mr.. Cardozo says that I ro.
ported to him 'that 1 discovered that
the parties to whom the bonds were
hypothecatsd sold them after the ex-
pirntion Of the twenty-four months, Z"
his purpose being to show that I Was
asserting the iilegaiity Of the bonds on
the ground that they were sold after
the time limiting their use. The fact
IL, merely reported that part Of the
bonds pledged nt the date Of tue set :.
tlement with The tinmucial agent. "hld
bsen sold out under hypothec,tiou." :"
ald not report that they had bcou
sold latter tho expiration Of the
.nty-four months" lis Mr. CArduzo
alleges, nor would it have been pertl-
nent for me to have done 80. They
nad been hypothecAtei ufte- the expl-
ration of the twenty fonr months. and.
therefore. hypo,htcAtcd in violation Of
law. The time OF their sale, or wnH-
thrr they were sold or nor. was "a mat
,, ter OF n moment. Thry had been
used by the State Off :crs or aycut GU,
o! lawful time.
l. wi! bA perceived from these qlo.
ta'ions from the report which Mr.
Car'iozo says [ made to him that he
represents me falsely. That be knew
no was representing me- falsely must
be evideut from tue fact, which br
comedies. that my report Was III lde to
him, nud that he knew what 1t con.
tuiued.
Bat have something more to say
on this point /: Mr. Car,lnzo says rx.
plicitly that "the hypothrca,ion took
place before that period" that is. be-
tore the expiration Of the time limited
Tor the use Of the bonds ,,sned under
ihe Acts of August 26, 1868, and Fcbru.
nry II. 1869, which would have been
February and August, 1870. Now, IN
the statement Of bonds under hypo.
thecation, which handed to Mr. Cur
dOZD with nv rrpDrt and winch wa,