The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-08-08
anasssu,l gutelIiganeer.
CHAMBERLAIN's REV GAME.
Rumors that EDisqiet Honest People !
South Carolina.

CHAMBERLAIN'S NEW GAME.
Rmors that Disqiet Honest People In
South Carolina,
The motion to appoint receiver of
the South Carolina and Greenrille
and Columbia Railroads, which is to be
heard before Judge Bond in Baltimore
on the Srd day of next September, is
attracting considerable attention. The
notorious Chamberlain is spoken of for
the position, which he would be glad to
get were it not that he prefers refuge at
the North aud visits to Europe to Wis
it to South Carolina. A correspon-
dent of the New York San, writing from
Charleston on the 18th of July, says:
The South Carolina Railroad is in
trouble. If there is an institution in the
State which clings to. the cherished 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 the bank has long
since passed away The College is
closed; the commingling of white and
colored pupils drove away its old patron
age. The railroad alone survives, and
the power it represents is now assailed.
1t is the oldest railroad in the world.
When it was first planned its track was
elevated some six or eight feet on
wooden trestel throughout the entire
length. It first ran to Augusta Ga;
afterwards branch was built to Colum-
bia. Before the war it was perfectly
solvent; its stock was above par, and its
dividens were regularly paid. Its stock
holders were the money people of the
State, aud their meetings were annual
reunions of the best society.
Chamberlain looked with covetous
eye upon this relic CT former civil;za-
tion, and made s:rang propositions to
Kimpton, the States financial agent, to
get possession of it, as we'll as the
Greenville and Columbia Railroad. He
succeeded as to the latter, but there was
too much conservative loyalty in the
officers of the South Carolina Railroad
to permit the wreck of their road. In
fact they waged an aggressive war
against Chamberlain and his wrecks,
and finally rescued the Greenville and
Columbia railroad from their clutches.
This was an up-country continuation
ofthe South Carolina Railroad. Though
it was really owned by the latter compa-
ny, it was never consolidated with it, but
retained its separate incorporation. The
same blow which is aimed at the one is
aimed at the other.
Bills have been filed by Northern credi.
tors to foreclose the mortgages upon both
of them, and they have been notified OF
a motion for the appointment of re-
ceiyer, to be made before Circuit Judge
Bond in Baltimore, on September 8. A
preliminary order has been granted en-
joing the officers of the roads from dis
posing of any of the property and the
trustees under the mortgages and largest
Southern bonholdsrs from transferring or
disposing of the securities they now
hold.
1t has long been known that these
roads were insolvent. In fact, they have
paid no dividens for many years, and on
the lst of last January they did not pay
the interest upon their bonded debt.
Since then they have tried to make some
compromise with their creditors, but
have failed to do so. Upon the coupons
for this unpaid interest suit was brought
in the United States Circuit Court, and
Judgment obtained at the last term.
Executions were issued and levied upon
portions of the real estate of the compa-
ny. The executioners were enjoined by
United States District Judge Bryan,
upon the Intervention of the trustees un-
der the mortgages. This precipitated the
avalanche.
Among the questions of interest is,
"Who will be the receiver of these
roads ?" The position is worth $4,000
year in money and great deal more to
an ambitious man in political power. Of
course, there are many candidates for this
bonanza. Pherhaps the most prominent
among the South Carolina bondholders
is Col. William l.. Trenholm. But,
upon counting noses, it has been ascer-
Iained that the Northern bonholders are
in the majority, and that the old South
Carolina Railroad, with all its power, will
pass into the hands of their chosen rep
resentative, whoever he may be. Among
the men spoken of is Col. @. II. Simonton
one of the South Carolina counsel of the
Northern creditors against the road. This
gentleman was the first and last receiver
of the State, and is one of the Bank of the
State, and is one of the present trustees
of the South Carolina College. He
seems destined to close the eyes of the
old allied powers of former civilization.
Chamberlain, who drew up the bills, is
now in Europe. Corbin, from his init
mate association with that traveller, was
thought to be the coming receiver. But
why is not Chamberlain's name on record
as an attorney The counting of noses
has been done North as we'll as South,
and it is feared here that Chamberlain's
long-coveted prize, the possession OF
these roads, is to be awarded him as
their receiver. Think Of it-Chamber-
lain once more in South Carolina, the
representative of its law and of its capi-
toi.
Governor Hampton will be- easily
tempted to let slip the warrents of
violated law against his predecessor.
There is coming election, and whenever
any of the lesser Republicans, such as
Sammy Green or Swails, have shown
disposition to exercise mis- right to be e
candidate, the administration has found
it convenient to publish his misdeeds, as
sworn to before the investigating COM
mittee. These small men are pigmies
alongside of Chamberlain.
How will Governor Hampton receive
him? How will he protect him from
political persecution Will any pro-
lection Hampton can give him save him
from criminal prosecution 2
The Republicans say that with fair
election they can carry the next Gener-
al Assembly, and then elect their United
States Senator. Hampton has pledged
his word that they shall have fair elec-
tim Chamherlain,s wires may lead to