The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-03-28

proving the order to him Kimpton) for
the sale of 81, 100000 of State bonds at
70 cents on the dollar. This took place
at the St. Nicholas Hotel, New York
city, June s, 1871. I considered 70 cents
fair price, and only had to advise the
Governor to sell at that price, when he
readily approved the sale. | do not
know where Kimpton covered his expen-
ses, but do not suppose he had to lose it.
My understanding afterwards was, that
he carried Scott's, Parker's, Crews, Car
dozo, Chamberlain and everybody else on
loans, obtained on the bonds of the State
OF South Carolina. Kimpton and Par
ker admitted this to me in 1872.
J. L. NEAGLE.
JOINT INVESTIGATING COMMITTEE,
COLUMBIA, S. c., Jan. II, 1878.
Niles g. Parker, on oath deposes as
follows: 1 know that Kimpton used the
proceeds of bonds belonging to the State
to secure the passage of other bills
which he was interested in, to wit: the
Sterling loan bill, the bill to authorize
the Financial Agent TO pledge bonds for
State loans, the sinking fund bill, the
bill for the payment of interest in gold
and the bill to issue bonds for the relief
of the Treasury. I know also that he
paid out out of the proceeds of the sale
of State bonds, the money for share and
a half, as it was called, of Greenville
and Columbia Railroad stock-a share,
including assessment Of $4,000 immedi-
ately payable, being $4,000. This was
for J. L. Neagle, Comptroller General.
He also paid for one share of like value
for Joseph Crews, member of the Legis-
lature. He was chairman, I think, of the
Committee on Railroads in the House of
Representatives. lie also paid for one
quarter sbare-being S6,000-for F. L.
Cardozo. This Kimpton subsequently
took for himself, as he did for Crews. He
also paid for two or two and half
shares for George w. Waterman, for
Governor Scott, Of like value. He paid
for two shares of like value for himself,
and, so far as / know and believe, he
paid for one-half share for D. H. Cham
berlain of the value of $4,000. paid
for one share myself. 1t was understood
by Kimpton and the Financial Board
that the amount of these expenditures
and many Others should be realized from
State bonds and covered by the difference
between the actual amounts for which
the bonds were sold by Kimpton and
the amount which he should report that
he had sold them for.
@. P. Leslie had share paid for in
the same manner afterwards he sold
the share to Kimpton for $25,000 cash.
Kimpton also advanced money out of the
proceeds of State bonds to assist the
Greenville and Columbia Railroad but
1 think he held second mortgage bonds
as collateral security for all the advances
he made for or to the road. He also ad-
vanced the Blue Ridge Railroad Com
pany about 5000, 900 out OF the proceeds
of the State bonds; these advances were
made by the written advice and consent
of the Financial Board. 100000 of the
bonds of said company were placed in
his hands as collateral but he always re-
ported tina. he could not pledge them
for money, and that he never raised any
money on them, nor did we ever know
that be had pledged them until after the
passage of the Blue Ridge scrip bill {;
then, when it became necessary that we
should have them to turn into the treas
ury, Kimpton reported that they were
pledged. NILES G. PARKER.