Port Royal commercial and Beaufort County Republican. [volume] (Port Royal, S.C.) 1873-1874, 1874-01-01
A Record for the Bon Holders.

twenty five times more on public p':nt-
lag than any Of her sister states. When
one thinks of this expense in the light
that the proportion Of those who know
how to read is smaller than any other
sta,e the extravagant love for printing
is singular; but when we consider that
no where else do the times demand from
a politician so many sudden changes Of
opinion as here, it is really surprising
that The records, by which the course Of
each can be traced in all its devious
windings, should not be suppressed.
The holders of South Carolina bonds
may look with profit upon list ofnamos
of those recorded as vo'ing for the
validating Bill' in the last general
assembly and comparing it with list Of
those, WHO, being members of the pie-
sent legislature, have just voted for a
''repudiating bill, declaring the same
bonds once validated by their votes now
"rull and void.''
1t must be remembered that the vail
dating bill was passed with full knowl
edge Of all the circumstances under
which the conversion bonds were issued.
after the fullest discussion, and in spite
Of the earnest protests OF those who
then, as now, desired judicial dclermiua-
tiou Of the liability of the state, with lis
consequ mt investigation iuto all the
circumstances Of their issue.
The bill to relieve Kimpton of all
claims Of the state and to accept his
settlement was passed at the same time
by the same vote, with the exception Of
Bascomb.
Both these votes we're had in spite of
the fact that report OF a joint COM
miitee was before the assembly showing
the grossest mismanagement, ii not the
grossest frauds iu the dealings o. Kimp-
ton and all concerned in issuing the bonds
OF the state.
Let them also remember that The
statesman who now sigus the regulating
bill. is the same who, as speaker Of the
house, aided the passage of thc valida-
ting bill by every means known the
parliamentary law, even, rs some think,
stretching tbe great power he exercised
as speaker 70 an unwarrautable extent
10 lis favor.
The following voted lat week in The
House for the clause rcpudlating the con-
version bonds, who Icing members OF
the last general assembly voted for the
bill 10 validate the same bonds:
Barker, John A.
BaScomb, j. s.
Bryan, Richard.
Crews, Joseph.
Gather, f. D.
CAN'T, Hastings.
Giles, Fortune.
Greene, Samuel.
Humbert, L. Fl.
Keith, S. S.
johnson, c. B..
Moore, A.
Lee, S. j.
Nerland, B. H.
Rivers, p. r.
Smalls, S.
Tar'eton, r.
Thompson. S. B.
Warley, Jared.
In the senate the following members
voted, either as mnm6ers o. the selate
or house, in the last g"ucral al scmrl = ;or
the validating bill aGG hare jut voice
for a repudiatius bill touching the saa.e
bonds:
Cain, j..
Corwin, Fl. c.
Duncan, d. r.
Hollius head, }.
Mcintyre, G. +.
Maxwell, Fl. j.
Nash, w. B.
Owens, Y. j. y.
Smalls Robert.
.Swails, S. A.
These statesmen have had no new
Information in regard 10 The nature O"
tue bonds. To validate them WAS male
to appear profitable, ~.anonal;y and
politically, aud 70 repuA'aie them now
Is thought to Dc equally profitable. The
governing considerations III each case
were eXtrancouH.
Before surchlcrin" 4 one thousand
dollar bond of the >taic and lagiug there
for five hundred dollar bond, will not
the holders consider their prospects O."
being paid in the liz ht o"past Legislation.
They can Assure themselves that no
consideration oi honesty or any foolish
idea Of consistency will hinder our state
men from either revalidating the convcr-
sion bonds or repudiating The 'cousoli-
dated" bonds
A Semi.C Centennial Sermon.
Christmas day being very inclcmeut
DR.. Walker deferred preaching his semi
centennial sermon until Sunday last. It
was listened to bv large CONGREGATION