The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-19
CuAMBERLAlN'S NEW GAME.
RUMoRs THAT DIsQUIET HONEST PEG
PIE IN SOUTH CAROLINA.
rhe State. Haiirond Following the states
Bank and toilege-A $4,000 Receiver
ship rs % stepping stone TO n senatorship.


ship as ~ stepping stone TO n senntorship.
CHARLEsToy, $. G., July l6. Tho South
Carolina Railroad is in trouble. II there is an
institution in thu State which ciings to tho cher
ishod past. it is this company. The old Bank OF
the State was once its twin ally. and the South
Carolina College was the ALMA mater Of both.
But tho bank has long since passed away. The
college Is closed the comminglng Of white and
colorod pupils drove away iis old patronage.
The railroad alone survives, and the power
which 1t represents il now assalcd.
II IL the oldest railroad in the world. When
II was first planned It's track was elevated some
six or eight feet on n wooden ,rcstlc throughout
its entire length. II nrst ran TO Augusta. Ga. {;
aiterward hpalch was built to Columbia. Be-
foro the war IL was perfectly solvent. Its stock
was above par and III dividends are regularly
paid Its stockholders were the moneycd people
Of the State ana their meetings were annual
reunions of the best society.
Chamberlain looked with y covetous eve upon
this relic OF former ciyili1aihn. and made
strange propositions 10 kimpton. the State =
financial agent tu get possession of il. rs well
US 81 lhr uicchNIie hhu olu,huln hNllroAu ne
succeeded as 10 the Inter. hut there was too
much conservative loyalty in the officers OF tho
South Carolina TO permit the wreck OF their
road. In fact. they wagcd an aggressive war
ngalnst Chamberlain and his wreckers, and
finally wrested the Grccnville and Columbia
Railroad from their clutches.
This was an up-cuuntry continuation OF the
South Carolina Ralrond. Though it was really
owned by the latter company II was never con-
corporation Tie same blow which il aimed ut
the one is aimed NJ the other Bills have been
He'd bv orth"rn creditors to ioreelose the mort
Cages upon both Of them. ana they have been
notified NJ notion for H." appointmcnt of n re-
ceiycr. to hc made before Circuit Judge Bond in
Baltimore on sept. 3. Apreliminary order has
from dispnsiug 81 any oi the property. and the
trustees under tho mortgages ndlargcst South
lff e. an
OF the seruriiit- thcy now hold.
IL has long boon known that those roads were
insolvent. In fact they have paid no dividends
Tor many years ana OF the LET OF Mst January
they did not pay The interest upon their bonded
compromise with their creditors nut have Jailed
to do so. Upon the coupons for this unpaid in
terest suit was brought in the United states Cir
cult Court and judgment obidincd al u" last
term. Executions were issued and levied upon
portions of the real estate If tho company.
These executions were cnloincd 10y United
States District Judge Bryan. upon the intorycn-
ton OF til" trustees under the mortgages. This
precipitateI ihc avalanche" ,u.,
will be tho rceoi, n Of these roads, The posi-
ton Is worth 10000 year in money and a
great deal u. re 10 an ambitious man in pOliti-
cal power or course. there are many cnndi-
dates Tor tbs Honan". PERHAPS the most
prominent an ns ~, South carolina bond
holders Is William J." Ironholu. But upon
counting no. = II lae been ascor,ained that the
northern n.ndhulIer- are ~ the majority. and
power. viii io-~ mt itr hands 81 their chosen
representative whoever h' may Doe. Among the
mon spoken az IL Co.. g. II. Simunton one II
tho South Carolina counsel ui the Northern
creditors against the road. This gentleman
was The frs Gli lDs' receiver of the Bank OF
the state. aA ~ nun 80 tle present trustees If
the South Carolina to.rgo. lie seems destined
70 close the eNo- 81 a.! ihe old allied powers oi
former civilization.
Chamberlain NAo drow M the bills. IL now in
Europe. Cofnln. from H. intimate association
with that iruva l,r. Wa- thought To- bs the COM
ing receiver Bat why T. not thamh.rlain :
name on IN" o. urd a. an attorney The count
lng Oi Hoses Nt- lntl ton" North as well Ns
South. and i o. feared here that Chamberlain :
long-coyrted prize tho possession of these
roads. is To- J., awarinl him o., their receiver.
Think of lt-CAAuher.U.r ONCE moro in South
Carolina. the rcrr7 sentative II lis law ana II
Its capital
Gov Hampton Will he casiy tempted TO lot
slip tho warrants e q violated law against h :
Irodrr"s- -. q ter" H. 20 coming election. md
Whenovsr ANY e ilo les Republicans. such
As sammy O. d tr sWu!i- hNv" shown a Of -
position to y rfe' ilis right tu Poe a candidate
the Administrators tts tHUld II couVvi. i'It Ia
publish Dol, u4isdtntis. n- sworn - before the
Invest gHtiu.. Committee. These small men
arc pigmios alongside" q Chamberlain.
How viii Coos. HaNttNu receive him How
will a. ifot'Ht 'iini from Political persecution
VIII any prat. ton Hampton can give save Aini
from crmluH| Prosecution
The Republicans say That with fair election
thoy can larry tHe nest G. T. raj Assembly. an j
then elect th"Ir United states senator. lamp-
ton has pledged nis word i.ut they shall have a
fair election. tD.t.t crl.ff. wires NAV lend o.
the S,nutorsA.I. Tho s5uuuu ger auuum fur
money Tor necessary expenses on the road g.