The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1874-08-29

Po""ipic ioi INC ISSUE VI UonuS tO Tic
financial agent, or tho use he might
make Of them. lu that opinion
asserted no authority in the financial
board to issue bonds at all, nor did |
say II word which could be construct
into claim, rs has beem recently
charged, that it. was Mr.. Cardozo's
duty to seal as many bonds rs the
Treasurer, instructed by the financial
boa rl, requested"
| can IultIcr say that believe from
all the knowledge which possess that
the action Of the other members Of the
financial board, both rs members OF
that board and rs in livilual Stlte
officers, III connection with the bonds OF
The State, was dictated by honest mo
tivcs, and was intended to avoid the
very results which finally took place.
Another charge is that, rs member
OF The financial board, joined in direct
ing the financial agent to make Gcti
tious entries in his books SO rs to dis
guisc the affairs Of tho agency. take
it upon myself to say that he financial
board never gave such Instructions, nor
amy instructions which were ntcndc d
to deceive or m;slead the public in re
CARL to the affairs OF the ag,ncy So
lar us am aware, the books OF tn, fin
ancial Il cnt have at all times ben
truly and faithfully kept. If hey we're
not, 1t did not arise from any instruc-
tions to which I was party, or Of
which had any knowledge.
IN connection with the sinking fund
board, it has bee charged that | was
party to a fraudulent sale Of the State
stock in the CIR cnvlIe and Columbia
Raiiroal Company. This charge | dc,
ny in every particular. In the first
place. there was no fraudulent sale Of
that stock, so far as my know ledge or
belief extends. The sale was m,,la at
price fully equal to the value Of the
stuck ut that time, and was made to a
party wholly without come ;fi6n With,
me, or, so far as | know, with any mem
Der oil the s'nkirg fund board The
stntement, by whomsocver made, that /
Joined in Il sale of that stock 20 any pcr-
son who acted Tor me, or under any ar
rangcmcnt or agreement with me-, tacit
or expressed, that | was to have any in
'ercst III the stock when purchased by
ham, is wholly false, and utt :rly iucapa.
bic of being sustained by any evi lencc
Another charge is that engaged in
disastrous sale Of the State in Blue
Ridge Railroad Company. The tru1h
IS that was not present when the sale
was made, AMI never in any manner
took part i'll it. My views as to the
proper terms and conditions of sale
Of that stock were lail before the bo,rd
in writing but they we're not ad ,ptcd by
| the board
The purchases Of bonds made By or
der OF the sinking fund board were
made in good faith, and the funds in
the hands of the board were applied in
pigment Of such purchases, 1t is tn,
think, that the second purchase of
100000 Of State bonds was ordered
before the funds were in the hands of
the board; but this was done in the ex
pectation, on the part Of tie boarl, that
sufficient funds would come into the
hands OF the board to pay for the par
chascs as rapidly os payment should be
necessary. This may have been an in.
prudent act, but it certainly his no ele-
ment Of dishonesty or fraud in it.
10 all other statements which imputc
to me any improper action in connection
with this board, give an unqualified
denial. | was never a party to any on
given Tor purchases made from this
board; | never received u fee .for any
service done in connection with this
board or as member Of it; and have
never been party to any disposition Of
the proceeds Of sales, either in money
or bonds, made by this board, which
was not strictly in accordance with law.
IT any illegal disposition has bs,n nm,lc
! of any proDerty in tho h,nI. of ,b;s