The Union times. [volume] (Union, S.C.) 1894-1918, 1896-06-12
TILLMAN'S BOND DEAL.
SPECIFIC CHARGES AGAINST SENATOR
TILLMAN, GOVERNOR EVANS AND
STATE TREASURER BATES
PREFERRED by A NEW
YORK TINES CoRRE-
SPOSDENT.

of South Carolina has been very free
with his criticism of the national ad-
for its manner of conducting
bond operations. and in the recklessness
Of his rhetorical frenzy has not hesitated
to imputc improper motives to the
President and Secretary Carlisle. In
view of these facts little history of one
of his own bond deals is instructive and
interesting.
About $500, coo of South Carolina
6 per cent. bonds fell due July /, 1893.
Tillman WAS Governor of the State then.
John Gary Evans. the Senator's closest
political and personal friend, and said to
lie slated Us his collegue in the Senate,
was the administration leader in the
legislature. and DR.. Bates was the State
Treasurer.
The Legislature, at its session in 1901, 3,
adopted Il ief,,nding bill, suggested by
Governor 1',ilman, This provided for
an issue of sc, ,O0n. eco per cent. bonds
to fund the outstanding 6 per cents, and
Treasurer Bates and the Governor was
appointed commissioners to manage the
matter in behalf of the State.
The acts of MeSSrS. Tillman. Bates
and Evans are outlined in the evidence
in i S..i, tinyelopcd in this city for the
diyi>ior ut ti.a .oi.,;n,,, Si0ncrS involved
il the transaction, tiH bfnkerS and the
syndicate WHICH, uWh tite n'ipiS having
Uuarrclled. The action w,iI brought
here Ecrau>c the funds involved were
hcld 10y = Baltimore trust company.
I'll" evidence shows that of the first
steps A~h." - me commissioners was 10
give Il EIOuOEylv ~ lln entire transaction
10 lIr. Rhind, 4 hacker Qf Apglst4, Ga.
Who's naHN noes iiH t%el a!l%It III .'iI
commerch'' I"f"t's NJ Fiiha teS'i'ieo
that early IN ls't, L.. W,Is siil,EAac!ieu Dy
MIR. Evans. now N"v%H:oi; aia sished 10
place the So'ith 'arollna per cent. ne
obtained the exclusive "l'iliiol OH ume
entire rllA%icliOh from NoNeriior LII
man Rate In t::::l. ltc c"i','c' pe'iiS ll''t
he WAS to receive : C'ntiH!!SSl"h Oh . per
crHl. ON the S9,pp',Et" 'na'tef oi
S'W.W!.
MI EiuId i,iilcI - make the trade,
'n-.HYrr. ami Ia October Stirlriidcred his
ol;nlun. 'f".it i1oE%fi"r ffltDFan anu
Treasurer Bates to"h = tilrn al Il: Ihey
visited New orh am ro;tne" thFOuSh
Wall street. Oii returning home. they
declared that :; nrr cent. SCUM aroma
bond would h"' Sel'H * ID, attrio'l'iilS
the State poor cfcdl' ~ tile cause OF
Charleston 'H;t,%StS an" otlcr lVl!tlc;ii
opponents II ule StiQ" administration.
Mr. lthii:d aSitii WAS Ciu!nI III To take
the job hln November, lS'a, w l.TlaScd
To interest New Nofk broker Ill IL.
after having exhausted All ms own Ill
iiuci"". .tnd here tiit curious inct ma!
he noticoi timt MI. fhlhd test lie tnat
he at inst did not hFHnp'. !tuiS RroNs
quarters III ms Once. regarding MN us
tGo small aH operator TO undertake SO
hlg Il trade. Yet ,it!S broker Is ii!ted
high III TN" reports, while MI. Eh!nd.
who controlled the opinion. ana was
trying To use 1t, Is not rated at all.
W il!l lhc assistance ol the New ofk
mrM Il syndicate was formed, headed by
the Err -. fr"llch oi the Manhattan
:.'.-.".o" "i - erceilt. Ho'iil Siiroiiil;'
iM!IS on Il h"iiiiii'i 'mSlS Oh par iat.
ms difni.i:A"n' lcii t!houSh Wiich ME-.
frricl uic":
lit New ! ntk bf"kcl tiicil ti,!islCd
a." ""' h i hIciiii"iri broker aiIn 'ile
lW" a%all ethl /" No:h, the LEGISLATURE
| iN'' N'% 'i'' III inc ii'"''''i"' ana started
i'S hh"ii!;H'iN I" pass t! ih" ic'IidiiiS
hlii' "h!'i'i' no" appears. hy evidence
! "i IN" persons interested. was suggested
"H ,'ir ""N' y; ,'h",,S" i'l'i"'' |" hAiiiii
"i" rt"nH. NJ rN''N WIS llot "llH
! me ""i'llliN','""'i representative ana
! '''".'1 ~ '''t @'Hl'''"', n,' WIS III li"'
SHIN ''ii" ~ ''''''H "i h',iiii' having
| !"f' ','@'%'" III 'i"" ';I"'NE' accnfu-
! ny To- HIS own sworn S't''ii":'lt: Wi'ch
t'!ili'. was alf@'i'''" 'lSc"i agent:
| !, ~ 'H'!''oI"; e>'a"liHiic' 'N I'M
""''''''' '''n "i" '"'!''"'' ''S''iiI"iiI 's,ll
| "N'!''"r ",t'',' h"' ",'s ht "tit 'he
%" ~ :'',"'S '''' '"ir'> ol HIS own N,a'"
| 'N ".HN''i ~ ''' ''ii' 'in1''i', 'si"l'
.'" .''i,' V. H''' '"'' l"l'h'''''" pi"NciH
:" "''i '!''' anu c'r'N "'i' 20 u!'''''',
''S''' .'.' n' ms ~ '>''''''r '''!' "''"N''
J y l''"t "''''iff VI ''i' P'h''ItH!ilS la!l'N