New-York tribune., 1875-07-12
TIE TRIAL OF EX-TREASU2ER PARKER or
SOUTH CAROLINA

THE STATE CHARGES HIM WITH DEFRAvDING THE
TREASURY AND PRESENTS ITS CAsE-THE Eyl-
pFNCE GIVEN DURING THE FIRST IuGEE DAYS
OVER $500000 or ILLEGAL COUPONS SAID TO
HAVE BEEN DISCOVERED.
The trial of the case of the State of South
Carolina against ex-TIeasuTer Niles g. Parker for the
recovery money fraudulenty taken from the State
treasury begun the 9th nst at Columbia in tie
Court of Common Pleas In opening the case for the
State AtorneyGeneral Melton said that the is
tremely complicated and that he himself did not
clearly comprehend in all its bearings although he had
made il subject Of study and investigation for many
months. After few other general remarks, the
Attorney went into explanation of the nature
Of the various bonds issued before and after the
Coming down TO the time of the issue Of the conversion
bonds authorized for the purpose Of STRENGTHENING the
credid Of by allowing the payment OF interest
in New-York as well in Columbia, the Attorney-Gen
eIal said
In order to facilitate and regulate the financial affairs
Gov r. K Scott, Attorney General ID. H. Chamberlain,
and State Treasurer Niles g. Parker and the financial
s9eH, s9oHersion M went On. Without any authority Of
law gentlemen this board took il rto their hands to use
these bonds strengthen the credit Of the
State, and instead OF cOnfnng themselves t. the
opsCn these they Bonds had Struck off ass b
the American Banking Association in New.York, and
While the process Of conversion was going on ieeitl
maely and properly, these conversion bonds you Will
there were 800 81 900 bonds and II they went on num-
berg them in red as they put them out. don't you see
the bonds would soon be numbered away up IN the thou
sands That would scare the bODdhOlders In New-YOrk;
they would know that there were more bonds being
issued than WAS lawful. And 30 in this way. We
pect to show this defendant being associated with the
financial agent In NewYork commenced numbering the
bonds in blue will approximate very nearly the truth
when tell you that all Of those conversion bonds which
are numbered In red honest bonds, aud those
bered in blue are fraudulent.
The interest on a large amount Of these bonds which
had not put out became due and the agent as fast
as the coupons became due, clipped them on and put
them and returned the good ana cancelled coupons
both 10 Parker making In all $9l3OOO coupons paid by
Kmpton and turned to Parker two separate oc
casons Watch close just here, gentlemen for have
got 10 the point where will show you why we have sued
Mr. Parker Mr. Kimpton when he sent In to Mr. Parker
the coupons which he held sent In those which had
been matured and those which he had cut OF:
Mr. Parker took them both both the valid and
the invalid. and before going out OF office Cancelled the
whole Of them. But when he Cancelled them nc mxed
up. and we expect to show yoq that ne confused
thom aud nut them In such condition ~ TO render II
impossible 70 ordinary comprehension to separate the
ane from the other What did he do II for New we ex
ect to show you that In those bundles OF coupons the
Treasury left there by Mr. Parker, cancelled by him It
that time only ~ 157 900 good There ought TO be
in the Treasury $l67OOO Of good coupons, and about
S0O 600 of bad coupons making in all about 81 GOOOOO
But there are s969000 OF bad coupons and oily $OOooo