The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1874-08-12
.s.."" g.. [coMMu$IcArED.]
The Bank of the State"
ENTERPRISE.

the Bank OF the State.'
NI. Editor: ,..'... .-
AT the close Of the war, 1t was
we'll known that among the living
assets Of tho State Treasury, certain
available or reliable funds wero (or
ut lenst should have been) held sar
ored for the use and ben,f of the
State in liquidation of its honest
debts. -....
From a recent report, fully cn-
dorsed by pubic rumor, und for tho
exposition Of what we may be per.
mitted, to say, ut last, that re are
indebted to the "Tax Payers Con.
voution," hel! in Columbia in Febn
ruary last, there has been brought
to Light system IF fraud and arti-
ficc, which in all it's bearing, would
seem to indicate. q deliberate inten.
tion of gaining an unlawful advantage
over the rights Of the people at large,
and which really seems to be more
or less tainted with these character.
istic vices that belong exclusively
to the Radical party. In careful
report Of the whole mattor, it is
clearly evident that ring or combia
nAtion has been engaged in mauipu-
lating the funds which properly bo.
long to the State for private and in.
dividual interest, to the amount of
some Right Hundred Ihousumd Dol.
lars, nearly ovcry dollar of which
has been squandercd if not entirely
lost to tho Taxpayers Of South Caro-
lima.
First, We would state that tho
receivers have taken especial caro- to
secure full commission on This large
amount, in some way SO as to dimin-
ish the fund to the tune Of about
Forty Thousand Dollars each for Ser
Woes which could have been secured
by moro efficient and honorable men
at salary perhaps not exceeding
Fifteen Hundred Dollars, At ali
events, to this charge let Gayer and
Puffer answer, ''pro bono pu6iico.
Second. We ind in revie wing the
whole proceedings it only appears
necessary, in order to obtain law,
that the Judge should mako ono of
the party, aud au order could ts
readily granted upon the broad
maxim, which suits Judge Graham
in particular-viz. 6. lTom scratch mn
tack and RI rub your bly,"
THIRD. A rcie.eo must be np.
pointed 'lro J,rma" who plays into
the hands Of his client, and in due
time is amply compensated for sor.
vices which he knows full we'll will
be approved by this great Mogul
of Fiuaucicrs, the presiding Judge.
FourM. Accommodations on dis
counts are granted, by the the Re-
ceiver, approved of by the Court,
based upon Sureties that no Board of
Directors of any respectable Bank in
South Carolina, would approve, and
this fact too we'll known to all tire
parties interested.
Fjjth. Those who borrow on duobt.
full collaterals are yet, permitted to
pay their Indebtedness, if SO daspos.
ed il the depreciated Bills ofthe Bank
of the State, or in tho most oxtotion-
ate and rapacious fees, ovor heard
Of; Chamberlain gets three thousand
'dollars for advice, and Campbell esti.
mates his services ns worth te,, thou.
sand dollars more :; especially if he
has to meet h accommodation of some
ctghty.thrce thousand doltars, an d that
too with over.rated collaterals.-
Reader Tyou arc in doubt, read the
feport-tis too true, there can be no
doubt whatever. that this whole mat.
tor was taken out If the hands of the
first receiver, for the express purpose
Of praotioing frauds upon the State.
The Radical party had Set the ex.
ample, and men of equally low iu.
stircts, void of honor and intogrity
were determined TO '.dividc the
spoils" and did associate with them
in this defrauding tho taxpayers of
the State out of n fund, which should
nave pech apPlleu 20 the pay ment OF
the public debt, for which it has ever
been held sacred. In looking over tho
several names who have been moro
or less implicated, we fud some
among them whom wo did think were
far above suspicious of reproach.
That Chamberlain, Graham, Hardy
Solomon, Moses, Gayer, Corbin, Gur-
ncS Carpenter, Puffer and such liAe
are implicated is not remarkabl
Fraud malfeasance and corruption
in Office, arc their cardinal virtues,
bat we arc surprised to find othor
names in the report, who have become
more or less tainted in public opin-
ion, by their association with such
mon. 1t is true .adage "That the