The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1875-03-18

4
! inst, then and there to make answer to the
same The committee further report that they
| have now in course Of preparation certain rules
| of procedure in relation to the case, which Will
be reported to the two Houses ss soon: as prac-
ticabfe. All Of which Is respectfully submit
| ted.
s. A. SwA1Ls,
Chairman on part of Senate.
J. A. BARKER,
Chairman on part of House.
| To his Ercezlency Daniel Fl. Chamberlain,
Governor of the State Of South Carolina:
| The General Assembly, convened in the
Senate and House of Representatives, by
| vote of two-thirds of each House, and in the
execution of the authority vested in them, un-
! der section of article of the constitution OF
the State, respectfully address your Ezceilency,
and ask that the Hon. F. L. Cardozo be re-
moved from the Office of State Treasurer. The
causes for which they ask the removal OF the
said F. L. Cardozo from the Office OF State
Treasurer are contained in the following
charges, to wit:
CHARGE I. They charge that the said F. L:
| Cardozo has been guilty of misconduct and
! irregularity in the administration of his Office
as State Treasurer:
Specification l. In this, that whereas tor the
express purpose of providing, as far as possible,
against the issuing of any bonds under AN
Act to reduce the volume of the public debt,
and provide for the payment of the same," ap-
proved December %, 1878, and commonly
known as the funding act, in exchange for and
in lieu of bonds in the possession of persons
who we're not the actual owners thereof, the
General Assembly, by concurrent resolution,
passed March II, 1874, appointed joint COM
mitee to ascertain what bonds Of the State
were pledged by the financial agent of the
State es collateral security for State loans, and
to report their numbers, the colors Of their
numbers, and their denominations, as we'll as
the amounts for which they were pledged, to
| the State Treasurer as soon as ascertalned and
report their numbers, the colors of their num-
bers, and their denominations, as we'll as the
amount for which they were pledged, to the
report, the State Treasurer did, at various
times between the 25th of June, 1874, aud the
18th of February, 1875, under color of the
said act, fund and permit to be funded at the
State Treasury, at Columbia, $97S, 500 of bonds
| of the State, we'll knowing that the said bouds
were the bonds so reported to be the possession
| of persons not the actual owners thereof, in
excess of the amount authorized by law to be
issued, and, therefore, were not legal obliga-
| ton of the State, and were not entitled to be
| funded under the provisions of the said act.
! Specification 2. In this, that the said F. L.
Cardozo, State Treasurer, did, at various times
between the 25th of June, 1874, and 18th of
February, 1875, under color of the said act,
fund and permit to be funded at the State Treas
ury, at Columbia, S24l oil of coupons which
were detached from the bonds of the State, and
which matured on or before the 1st OF July,
1872, when the said State Treasurer had the
means of knowing, and should we'll have
known, that the whole interest due upon the
bonds of the State up to that Gate had been
paid, and that the said coupons so outstanding
were in fraud of the just credit of the State,
and, therefore, were not entitled to be funded
under the provisions of the said act.
Specification 8. In this, that the said +. l..
Cardozo, State Treasurer, did, at various times
between the 25th of June, 1874, and 18th of
February, 1875, under color of said act, fund
and permit to be funded at the State Treasury,
at Columbia, S196, ,485 of coupons which ma
tured between the 1st of April, 1869, and 1st
of October, 1871, inclusive, and which were
detached from bonds of the State before and
during the period of the hypothecation of said
bonds; and when, therefore, the said State
Treasurer had the means of knowing, and
| should we'll have known, that the said coupons
were Cne properly VI too Co+.'S, |@us uo' Oh Az
.debtedness against the State, and, therefore,
were not entitled to be funded under the pro-
visions of the said act.
Specification T. In this, that the said F. L.
Cardozo, State Treasurer, did, at various times
between the 25th of June, 1874, and the 18th
of February, 1875, under color of the said act,
fund and permit to be funded at the State
Treasury, at Columbia, $3.50 of coupons
| which were detached from bonds of the State,
| and which matured before the bonds them
selves were issued from the State Treasury, and
which the said State Treasurer had the means
of knowing, and should we'll have known, were
not liability against the State, and, therefore,
| were not entitled to be funded under the pro-
| visions of the said act.
Specification 5. In this, that the said F. L.
Cardozo, State Treasurer, did, at various times
between the 25th of June, 1874, and the 18th
Of February. 1875, under color of the said act,
| fund and permit to be funded at the State
Treasury, at Columbia, S9,205 of coupons
which we're detached from bonds of the State,
and which matured between the 1st of Janua-
ry. 1870, and the 1st of July, 1871, inclusive
| the bonds from which the said coupons were de-
tached having always been the property of the
State. and still being in the possession of the
State Treasury, marked Cancelled, unused"
and the said coupons, therefore, not being en-
titled to be funded under the provisions of the
said act all of which the State Treasurer had
the means of knowing, and should we'll have
Specification 6. In this, that whereas, by Sec
ton 7 of the said "act to reduce the volume OF
the public debt and provide for the payment
of the same" commonly known as the funding
act, it is provided that the fund of the State
thereby solemnly pledged for the punctual
payment of the interest and final redemption
Of the principal of the bonds"and stocks then
authorized, "shall be kept separate and apart
from all other funds and shall be applied, first,
to the payment of the annually accruing inter
est" upon such bonds and stocks and second,
''to the extinguishment of the public debt, and