The Union times. [volume] (Union, S.C.) 1894-1918, 1896-07-03

ahtaSonlHcu tho state throughout.
| Gor. Tlllman was convinced that they
schemed In every way possible to keep
us from refundiuG the debt at all, and
desired to get us in their power and
then dictate hard terms. The editorial
columns OF The News aud Courier MT
tho time, were cited by him to sustain
the truth oc this convention. There
was doubtless deep chugrin when they
found we succeeded i'll rcfuuding tho
debt without them.
As for Mr.. Rhind's commission, it
was matter that concerned him and tho
syndicate. Every banker and capitalist:
IN the State knows that tho State debt,
was refunded to great advantage and,
as economically ~ could bo expected
under tho circumstances in tho facS
81 such strong opposition ut homo and
abroad. /
Tho charges or insinuntions that II
have shared in the com missions allow
nd Ivy the State nro false and without
foundation. Alter earnest solicitation
to do tho work, and when | saw that it
would not conflict with my duties us
State Treasurer, | did render tho syn
dlcato much responsible and valuable
service, for which accepted compcn. !,
satiOn, not dollar of which came out,
of the State. These services were some
extra official and others unofficial,
and were services ] could not
have been expected or required to rem
dor as State Treasurer. They facilitated
and expedited tho work of rcfundinr.
and in rendering them | protected the
interests of the State. Tho matter was
not ono TO be published in an official
report, but was known and approved
OF by personal friends and acquaint-
auceS of both factions, who arc az
honorable rs any critics in tho land. |
have in no why violated my official
trust; on the contrary the compensation
received by me was for services render
ed tho syndicate upon matters growing
ont of an unprecedented financial
panic then raging over the entire
country and threatening to defeat the
contract into which we had entered.
Matters arising sitter the contract
hnd been made and which, hut for tho
services | rendered, would have i'm
pcrillct the statement and disnrmrd
tho state from meeting It's maturing
obligation.
Ihc records and vouchers in this re-
funding matter have been carefully OK
amincd by two committees one Of the
legislature aud the other of the sink
ing fund commissioners. transactions
covering tho recording, cancclnE and
fillnE away of nearly five and half
million of Brown Consols and the
handling of nearly So, 600, 600 of cash
involved in the rcfunding, and all
done during the panic of 1893, were
carefully examined and every voucher,
entry and figure were found correct.
The credit OF the State has been re-
habilitnted. She has out today bonds
bearing only interest and they sell
readily mt $l09.5O to $40. In 1892
her bonds lore six per cent. interest
and sold as low rs %, and some cs
her most influential and wealthy cnpi-
tnlists were busy undermining her
credit,
Hne successful rcfunding of the
state debt during ono of tho worst
panlcs tbis country has over known,
entities Tor"rnor liilnian and myself.
the persons charged with this respon.
slDle, delicate aud difficult duty. to
some honor and credit, and / conf
IDENTIFY believe these will DO fully oc.
corded to us by an exacting but lust
people, though there are those who
would not only rob us of TINT credit
Dut wo"ld rob us of character as well,
IT they had the power. W. C. H,rys