The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-21

Ia " VIZ Ane Sserling loan BILL the
ohl 70 authortze the financial agent q
Riedge bonds for State losns, the Sinkine
fInd bill, bill for payment interest IN
gold, and bill to issue bonds for the reliej
, OF the treasury. know, also, taat he
PAD out Of the proceeds OF the sale Of the
State bonds the money for o share and 4
naii, as 1t was called, Of Greenville and
Columbia Railroad stock; a share, In.
ciuulng assessment of 81, 900 immediately
payable, being $24, This was for
Neagle. Another sbare was for Joe
crews, Chairman of Committee on rail.
roads in House of Representatives, also
one-iourta share, being 5000, for Car
oozo, which, however, Kimpton subse.
9uentiy took fot himself, as he did Creue'.
Ge sisS Paid fot two or two aud q haii
shares for Geo: w. Waterman for Gov
tWo shares OF like value for himself. and
30 iar as know and believe he paid for
one-haif share for D. n. Chnmberlain' of
the value of $4,000. paid for one of
them myself It was understood by
Kimpton and the financial board that the
amount of these expenditures and many
others should be realized from f3tata
bonde, and covered by the difference be-
tween the. actual amounts for which the
bonds were sold by sKimpton. and. the
amount which he should report that he
had sold them for. G. p. Leslie had a
share paid for in the same manner, which
ne afterwards sold to Kimptou for $685.
00G cash.
Kimpton also advanced money out of
the proceeds of the State bonds to assist
the Greenville and Columbia Railroad.
but l think he held second mortgage
bonds OF said company as collateral secu-
rlty for all the advances he made for Or
to the road. He also advanced the Blue
Ridge Kailroad Company about $20O, 900
out of the proceeds of the State bonds
these advances were made by. witness
advice and consent Of the financial board;
100000 of the bonds of said company
were placed in his (Kimpton's) hands as
collateral, but he always reported that
he could not pledge them for any money,
and that he never raised any money on
them, nor did we ever know that he had
pledged them until after the passage of
the Blue Ridge scrip bill then, when it
became necessary that Be should have
| them to turn into the treasury, Kimpton
reported that they were pledged. He
| also advanced out of the proceeds of State
bonds, by and with the consent of the
financial board, moneys used for the land
commission; also balance claimed by
him as due on the. sinking fund account; ;
also expenses of the high joint commits
| sion; also what was known as State arms
account, on the order of Governor Scott,
but without the direction of the financial
| board.
THE TAXPAIERs' CONVENTION.
Question. In anticipation of that Con-
| vention Of 1871 was there any prede-
| termination on the part of the financial
board and agent to mislead and deceive
the Convention in relation to the State
debt?
Answer. There was.
Q. What was done?
A. We agreed to conceal the facts of
the issue Of the Convention bonds, to
| mako the issue of other bonds az small ss
possible. With this latter viey va ,Tap.
resented to the committee of the Tax
payers Convention that the 100000 of
bonds bad been redeemed from pledge in
New York and returned here for the pur-
/ poes, Of retiring, end should be NO ioager
considered part of the public debt
U. Was j. with view to carrying out
tEat purpose that committee of the
Taxpayefs' Convention was invited to O
conference with the State officers and ea-
animation of the State Offices? .Iill
/ a. Is was.
q. Where was tine conference heldY
A. think in Gov. Scott's Office. Sub
sequently o committee examined my
Office and the Comptroller Generals
Office.
@. In the conference Ia the Governors
Office, W,,io represented the executive de.
partment, and what representations were
made by him or any other persons to
that committee?
A. Gov. Scott, and he told them that
no other bonds were outstanding except
those represented by statement there
by Chamberlain, the Attorney General,
for that occasion; and, if there were any
other bonds out, GOV. Scott said he did
not know anything about them and that
ne signed none Others. Iust after the
conference broke up, Gov. Scott came
into my Office and fupbraided him fog
telling such direct lie to. that commit
tee, when he knew that very soon the
fact must be made public that he had
signed millions of other bonds and tfat
| they were in the market. The statement
referred to rs prepared by pr. Chamber
/ lain suppressed all informs tioR as to the
Conversion bonds which had been issued
and were then out, amounting 70 about
5000, ,0OG or moye. The statement was
prepared in my Office by Chamberlain,
and submitted TO Scott before exhibition
| to the Taxpayers committee. The paper
| was prepare,. after consultation between
the members ofths financial board ami
Kimptnn and agreed upon by them.
When the committee came. into my
Office there was no evidence there to
show that any irregular Convereion bonds
had been issued. No entry Was made in
my books at that time, and / belieye
there was no entry ut that time of the
second issue of interest on the Public
| Debt. bonds.
@. Was the Taxpayers' Convention for
which Mr. Chamberlain prepared this
| false statement of the public debt the
same convention that Mr.. Chamberlain
was member, and which he % dressed
j favor of honesty and reform ! ne ad-
ministration of the State government?
/ A. IF You mean when he asked the
question, IA speech, "..yyhhcs w does ::os
. :. .. s.. ti IL: ssivs: - = .i0litz.s
man puts to fight 9 band Of robbers 2"
Ye8I
The remainder Of Parkes's evidence il
directed to the explanation Of the mass
of letters principally from Kimpton.
The following IL also ofinierest:
@. fBy Mr. MeetZe.) What necessity
was there Cor issuing bonds at all?
/ Al. None in the world, except for the
purpose of funding past due principal