The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-10-22
SOUTH CAROLINA'S DEBT.
TILLMAN EINTs AT A CONSPIR AOY
AGAINST THE STATE.

AGAI ST THE STATE.
Certain Charlestonians Accused of
Aiding and Abetting the Sharks of
New York IN Trying to Force the
State to Rec 2Rnize Fraudulent Bonds
and Secure Their Payment.
/ COLUMBIA, s. c., Oct. Gov. Tillman
/ returned from New York last night, having
/ been on a visit to the metropolis with State
/ Treasurer Bates with the view Of making
some arrangements toward the refunding
Of the state debt Being requested to state
the result Of his mission, he dictated the fol-
lowing statement for publication:
las it is a matter OF general public in
forest, and the people are ksenly alive to
know the result Of our visit, as far as can
I will make public the exact condition Of
the matter.
There is evidently a strenuous effort be-
ing made by the holders Of the old fraudu-
lent bonds TO force the state at this critical
period into some sort OF recognition OF their
claims, and ! am sorry to say that some of
our own people in Charleston are lending
aid and comfort, and are in combination
with the New York sharks who fatteued on
the states misfortunes during the recon-
strUctiOn era.
A MALICIOUS TELEGRAM.
TO further their object telegram was
sent from Charleston, and was published in
the New York papers the day after we
reached there, asserting that we were in
favor OF the issue of the A. per cent. bonds
10 redeem the 6 per cent. Browns, and the
issue of the new bonds to the amount of
Sl,25O,OUO TO take up the fraudulent bonds.
"Of course this falsehood was read in
Nan h I A. .
ing attention to the existence of the old
fraudulent debt and lent color to the charge,
which met US In every direction. that the
state at one time had repudiated its obliga-
tons
Then we found that political influences
had been and were still at work throwing
every obstacle possible in the way Of the
success of our mission.
FINANCIERS AGAINST THEM.
I'm addition to that. the weight of the
financial centers Of the state were against
u.s. Owing 20 the virtual cessation of BUSH
ness. produced by the Columbian celebra-
ton, and the feeling of unrest aud distrust
which exists because Of the uncertainty
as to which party will be
victorious in the coming election, we found
capitalists unwilling to make any offer
which we could accept; and therefore, after
having formed the acquaintance OF and dis
cussed the situation with some Of the lead
ing financiers on the street, we determined
TO return home aud wait until after the
election.
II am not at all discouraged by the obsta-
cles which have shown to exist and unless
theRepublican party Is victorious in the pres
ent contest, and carries both House and SEN
ate, l have every reason to believe that we
will have no trouble in arranging the refund
ment Of the debt to the satisfaction of the
general assembly. ..t=.s
"Of course ii sill three branches Of the
government fall into the hands Of the re-
publicans IL would foreshAdow interference
with local control by the southern states of
their governments and make capitalists
very shy of investing in our securities, and
it is the desire to await the result OF the
election more than anything elss which has
prevented our accomplishing what we want
TO do.
BOUND TO SUCCEED.
az would say for the information and
benefit of the conspirstors who sent the
telegram from New York the night we left
there-'which stated that Gov. Tillman did
not accomplish anything in the matter, and
it might as we'll be understood, first and
last, that notifying of value csa be accom-
plished until provision is made for the nom
fundible bonds'-thAt they and the southern
capitalists who are now trying to do what
they can VINO are evidently In collision
with each other, will have their labor for
their pains. a..
1.-The debt will be refunded by DR.. Bates
and myself or not at all. and their med
ding will only result In harm. The state
win meet all its honest obligations dollar for
dollar-if we are not thwarted by all the
influences which have mentioned. and the
result Of the election-but never a cent by
my advice or approval wi II go to pay the
fraudulent debt"
POLITICS IN NEW YORK.
Gov. TlIlman also found time to say
few words about politics as he saw it In
New York. He said that as far as he could
judge, the outlook for the success OF the
Democratic party was favorable, and the
politicians he met were sanguine Of Cleve-
lands election.
Being a stranger to New York meth
DDS" said the governor, 81 had to rely on
the expressions of opinion by those with
whom l talked. l met some of the Tam
many leaders with whom l 'fit. bled aud
died at Chicago, and they expressed con-
fidencs in the situation.
II called on Mr.. Cleveland after l had
learned that he had expressed q desire to see
me, and had very pleasant half hour
chat with him."