The news and herald. (Winnsboro, S.C.) 1877-1900, 1878-08-31

Another Letter from Mr.. D. r.. Foastcr
McsSrs. Editors =. AS it could not
bo expected that I would reply to
Mfr. Gaillard's Fcastcrvillc speech at
tho time it was delivered and as it
has beon published, L propose to
reply to it through the same medium,
With your permission as I have not
LIE News AND HERALD before me
(and / havo searched for it dill
gently [ will have to trust to mcmo-
ry, which L hope will bear nc out
botter in tho end than Mr.. Gail
lards did in q worry important point,
but Of that more anon. AS to tho
Judge Mackoy case I do not consid-
that thero WAS tho least analogy be-
tween his case and the Clerks Office,
Tor the Judge not only rendered
Invaluable service, but WAS q member
CT the Chester Democratic Club if
correctly informed and had thereby
removed any objection of those VINO
might have wished to cavil on the
score Of his being q republican and
might hero DO permitted to say
again thai [ an glad That I wrote
that book, that [ stand to-day. right
where l stood chen. AS 80 50 much
Of Mr.. Gulnrds speeah as refers
to the Bond question, [ have only to
say that J. do not know, what might
have been the opinion OF the most
eminent Jurists of the State about
the Law compelling the State to pay
those Bonds, us consolidated, but
1 do know that thoro is no ius-
tlcc IN tho arrangement, l. am for
the State to pay evory just debt that
she owes, even if it makes the Dobt
twice rs large Us it now is, ag CONS
promised by those rascally radicals,
as they forced those that had good
Bonds to take fifty cents in tho
Dollar and TO those that held SOUS
nous Bonds they gave, that, that WAS
taken from those that held the good
Bonis; Of course tho RAIDS arc to
blame for that compromise, but in
my humble Judgment, the Demo-
cratic Legislature is much moro to
blame for cGnching the Bond swim
dlc, beyond peradventure. The
Osury Bill, must confess that Mr..
Gullards explanation Of the work
1ngs OF that BIZ, and tho ugc and
value Of money, made everything
as clcar as mud to mo but he is not
to blame for my want Of comprc-
hcnslon ; my Idea of money is that
1T IS q measure OF value, Il medium
of exchange, and not II commodity
as other property is ; with the cx--
ception of Gold and Silver which is a
commodity and has a market value.
Subject to the Laws of supply and
demand, will Mr.. Gaillard argue
for moment that National Bank
note is commodity, that it hts in
trinsic value? 1t is simply (occord-
ing to my humble opinion) an ovi-
dence Of indebtedness, noto issued
by q corporation promising to pay
certain amount in Grccnbncks on
demand, and would not be money,
n moasurc Of value, or modiun of
; exchange If tho L0V did not say
that it is, therefore I argue that the
Law has the right to say (and it is
just that it should do SOY how much
Interest those holding those ovi
donces Of indebtncss shall usk of
those wishing to borrow.
AS to Mr.. Gaillard voting with
the Charleston delegation [ find
that his statement that they were
split on almost every important
question w's correct, which has given
mo better opinion Of tho animus
of that delegation than ( have here
toforo held. [ find that thcro was
a very small minority led by Mr..
Buist who seemed to haye the In
terests Of tho whole pcoplo Of the
State at heart. this boing tho case it
was impossible for Mr.. Gaillard to
vote al tho time with tho Charleston
Delegation that he did do so on ono
occasion, + will show before 1 havo
done. We now come to that "Chap-
ter on Snakes" and I must confess
that I think that Chapter worry un-
fortunate one, to Mr.. Gaillard, as by
it he proved to evory ono that his
memory is very trcacherous, ho said
that this Chapter on Snakes simply
road that thcro wcro no Snakes in
Ireland, and his answer to tho