Orangeburg news and times. [volume] (Orangeburg, S.C.) 1875-1877, 1877-07-07

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well that it is said that these bonds
were issued by corruptionists, and tile
proceeds of them stolen by plundcr-
crs. But look here again, said the
holder Of South Carolina bonds t, the
Sun reporter: Here is Il bond Of the
city Of New York, issued during the
reign Of the Tweed ring corruption-
lists, under The signature Of Richard
3. Connolly, the proceeds o. which
were stolen by Tweed and his fellow
|plundcrcrs, yet the 8 ,vcrnmcnt Of til C
city Of Now York does not on the &c
count pcrpctratc the inlamy Of re-
pudlating this bond, or do me its pos :
SCISSOR the wrong Of holding me re :
sponsib!c for the crimes OF its author
IAcd agent, anil thisis prcaminently
true III the realm Of credit and flu
ancc When Il man or State diShon
ors his or its pccuni:,ry plclgcs unl.r
amy prctcSt, beware OF any further
promises from the same source. Mil
lions OF dollars worth Of these South
Carolina bonds for which the State
drew the money from this city and
iram small investors here have been
rcpuiialcl Governor Hampton aud
his Legislature cannot issue any I,oads
that have Il higher technical legality
than these South Carolina bonds now
i'll your hand, AMI know not how
soon lis pledges may be repu liatcd
Ivy his successor, us he himself as re
pulitcd the pledges Of his prcdcccss-
orS.
| But were not these bonds gobblcd
/! up by Il ring Of Wall street spccula
tors asked The Sun reporter
] must tell you my young friend
what Il terrible wrong to many men
| is involved in tho suggestion Of your
lnc ton; why, sir, the veteran and
accomplished author anl editor
Charles L. Briggs, who dicl but {: few
lHts ;.s50 III a!.io ui., ;itSl IniJ L:, 49,.
ccehs Of half Il century Of industry
aid economy into these rcpudiatcl,
| South Carolina boals, anil when they
were diSlionorcd Tic veteran was
plunged into financial ruin; and worse
still he left his willow ana plans
without that lite fortune which it
had been his pride to accumulate
Ask The unfortunate Charles II I.
Webb, ask the broken down, Mr.
Bank, whom YOU yourself know. lift
is fair to class them among the specu-
lator<, who have grown rich on the
bonds OF South Carolina. Look at
myself. i'll able to stand the loss hlv G
suffered by that State. Scores Of III eli
Of limited means put their money into
these bonds, when the State offered
them in this market, and many ol
them have been utterly ruined rs II
consequence Of trusting in its good
faith; they arc abs olutcly worthless
although ! believe they have been
/ quoted within Il few months ut | or >
per cent. ON the dollar. Why only
10 day, When II dead bca: came to IN g
70 procure loan OF the whcrcwi,ha Il
to purchase his dinner, gave him
hs choice between twenty five cents
which was all the change had in
my pocket, and one OF these $1,000
bonds. llctook the twenty-five cents,
saying il was worth sacktul Of such
bonds. Now, sir, when South Caro-
linIans come into g.. is market again,
to borrow money on The faith, credit
and homo, Of their State, ! can but
shake the bond, in their face, rs n
proof OF wha: faith and credit are
worth TO some very prctcntious citi-
zcns not Of African descent. The Sun
reporter had by this time heard
enough about the grievances ofthc
unhappy holders Of the conversion
bonds ofSouth Carolina.
The loss ofllcsh in live beast dur
ing eight days travelling from its