The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-21
sHaRING OUT THE sPOILs.
The True Inwardness of tho State Bond
Rfng.

before the Bond Commission, exposes the
character of the arrangements among the
Republican State officers for dividing the
cubic spoiis. It is more shocking than
anything of the same kinG heretofore
made public,
Ex-TBEAsuRER PARKER's TESTIMONY.
Nh. Parkertestifed that the acts pro-
viding for State loans werei in most in
stances, if not all, Shown to him before
: they were presented ito the General AS
selihly.p He understood they were
drawn by Mr.. Chamberlain, then Attor-
ney General. In some instances Kimp-
Ton brought rough drsis from New
York, but always to Mr.. Chamberlain.
5 He said I do not know the amount of
the proceeds of the sale of bonds made by
) KiYnpson. The reports made by Kmp-
ton 70 the Comptroller General lwere not
made for the purpose OF giving Sintorma-
ton upon that matter. They were made
so rs to show. each year an increase OF
{ the debfas Little as possible. This was
by concurrence and arrangement with
the financial board here I never. exam
ined Kimptoif,s books I often endeay-
6red TO see them, but never could.
Finally, u gaTe up trying to see them,
because I learned he had prepared new
s set to meet the exigencies of the case. /
always knew Kimpton's reports were not
correct, and the board always knew they
were not. -
Governor Scott wanted Kmpton re-
moved In 1871 fro~r the financial agency!
I concurred with the Governor at frst,
but we found it impossible TO find any
one ahc would take his place and ad-,
vance the money which he claimed to be
due to him without making SIN sgpose OF
the financial condition of the State,
which We did not desire to do, and the
idea was then abandoned.
MIR. Chamberlain never wanted Klmp-
ton removed. 1t was through his inan-
ence that Kimpton was appointed hnan-'
Z cial agent of the State. Governor Scott
proposed Mr.. Cameron, of Charleston,
but, not being on personal terms with
Cameron, and having no choice, i sup
ported Chamberlain i'm Che choice of
Kimpton.
Mr. Chamberlain informed me before
Kimpton's appointment that Kimpton, II
! appointed, would divide his commission
between sus three. Mr.. Kimpton, Cham
hellain and myself, and Mr.. Kimpton
made arrangement to that effect with US
two MI. Chamberlain and myself-be-
fore Ills appointment. We had him ap-
pointed OH the strength of that agree
mslt. .lSs.s, Is, .il7-.S,s
Mr.. Kinpton carried out this agree
msrt only partially. Mr.. Chamberlain
4 admitted 10 me that he had received some
money frlm Kimpton on this account,
but never owned to having received as
Smuch asI did, which was about So, ,0OO.
Cur shares would have been about $780,
: 600 each i the tctal amount Of commits
sions allowed Mr. Kimpton being about
S4to. 600. being nearly II per cent. on
the amount he reported he had sold all
the bonds ior, in addition TO the commits
sions paid by him to other brokers and
sthes7 per cent. interest on loans.
There were no terms made as TO what
Z Kimrtonas commissions should be at the
time of his appointment nor until III or
s72. Erauton repeatedly wrote TO Mr.
Chamberlain and myself about fixing his
commissions, and they were. finally fixed
sby the financial board addressing letters
to parties whom Kimpton designated IN
NeY York as 10 the commissions which
would be fair TO be allowedt to MIR. Kimp-.
TOD for selling such bonds, and making
such loans as he (Kmpton1 had effected,
! and on the answers made by these parties
to these letters the financial board fixed
the commissions to be allowed him.,
The drafts of the letters i addressed to
those parties were prepared by klmpton
and sent; to the financial board from New
York and presentedt to me by MIR. Cham
Sberlain, MI. Kimpton having, as ne
. stated to me, had previous interviews
Z with these parties in New York.
AT the time tho settlement was made
With the financial board and Kimpton,
he, iKimpton) received q due bill for
about S139 600 from the financial board
as the balance of commissions due him:
This according to our agreement would
be di7ided equally between Chamberlain,
Kimptor and myself, and just before
Chamberlain addressed his communlca-
ton to the public in the summer OF 1874,
3 concerning the charges made against him
with reference to the public debt and
other matters connected with Governor
Scott,s administration, he promised me,
BIZ; the; SIDE of his sick bed IN ms own
house, that if I would permit that letter
which no had prepared to go before the
public without contradiction, and he
should be nominated and elected as Coy
ernor. I should be paid my share of the
Si39.60 as expressed in said due bill,
and that too at an. carly day.
The financial board made the settle
n,ent with the financial agent by virtue
ofthe authority conferred upon it by the
act of General Assembly, passed in Feb.
ruary, 1872, known aas the Financial
Settlement Act.,f The financial agent
and the financial board all desired that
an act might be passed giving the tinan-
cial board the power to make the settle
ment so as to. cover up the transactions
which had taken place between them.
There wss some difficulty in getting the
bill passed. These difficulties were over
come BY the use of money among the
members of the General Assembly. The
money was received by drafts drawn on
me by Kimpton and accepted by me, and
the money was furnished for the drafts
by the banks in this city. Kimpton put
up Blue Ridge Railroad scrip as collat-
eral security. There were three drafts: {:
One for s25, 900, one for $35, 900 and one
for Sl2, ,0OO. They were to be paid at
maturity by Kimpton, but when they be-.
came due he failed to pay them, and I
had to pay them personally-the two for
S35, 900 aud $25, 900 respectively, and also
fer 50, 500 ION the S12,5OO draft. Gov
erncr Scott paid the remainder of those
latter drafts, be being an endorser on it..
/ obtaired the collateral at the bank for
the two large drafts, and Scott garnished
the collateral of the other. I demurred
al first to accepting these drafts, tut
finally accepted them on Kimpton's assu-
rance that Chamberlain, who was then
absent, would endorse them on his re-
turn. Chamberlain endorsed only the
small one. parted with the scrip refer