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Domestic News July 11, 1877

The New Orleans Daily Democrat

New Orleans, Orleans County, Louisiana

What is this article about?

South Carolina Gov. Hampton and Attorney General Conner secured a $100,000 temporary loan in New York for state expenses, but it proved unnecessary due to higher-than-expected tax collections.

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Full Text

Gov. Hampton and Attorney General Conner, of South Carolina, left New York for Columbia last week, having accomplished their mission and succeeded in obtaining a temporary loan of $100,000 to defray the present expenses of the State government and a few cases demanding immediate attention. The facts presented by them at once convinced New York capitalists that this South Carolina loan was a good investment and the money was all promised. Before leaving New York, however, it was discovered that there was no absolute need for this loan, such an unexpected amount having been paid in taxes to more than supply the wants of the State government. If the taxes be paid as freely at the November levy no call will be made for this loan.

What sub-type of article is it?

Politics Economic

What keywords are associated?

South Carolina Loan Government Finances Tax Payments New York Capitalists

What entities or persons were involved?

Gov. Hampton Attorney General Conner

Where did it happen?

New York

Domestic News Details

Primary Location

New York

Event Date

Last Week

Key Persons

Gov. Hampton Attorney General Conner

Outcome

temporary loan of $100,000 obtained but not needed due to unexpected tax payments supplying state government needs.

Event Details

Gov. Hampton and Attorney General Conner of South Carolina left New York for Columbia after accomplishing their mission to obtain a temporary loan of $100,000 for state government expenses and immediate cases. New York capitalists were convinced it was a good investment. However, before leaving, it was discovered no loan was needed as taxes paid exceeded requirements. If November taxes are paid freely, no call for the loan will be made.

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