Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-07-12
that their utter fallacyshaafeady been
fully demonstrated bys.t AMI silf.y Bui.

Eiouuu, au" WIN " heoItyNtQl your STA
,islics. Let US see. Frornbaee 249
will make The following exlrEl in full.
ANSWER TO SIXTH EN1lRYs.
"The State issued and add
ed 10 the Bank as Capital
The amount of the Fire.
Loan in 1888. 2Oo6,OO0 90
"In 1871, portion of. the
Surplus Revenue wasi a
transferred 10 the Bank fos
The purpose of aiding ia
the redemption OF the s..
per cent. Stock Of 1886. 100000 90
1.-The State deposi, wild
the Bank portion of lhs
5 per cent. Stock issued Id
the South Western Raj
Road Bank, which ,hi
Bank Of The Stale can
celIed 10 1914, 81, 336 so
"Whole amount o. Stocl:
issued by The State and.
placed in The Bank at va
riOus times. s2,232, 336 so
Here We have what pSports}to be
statement in full Of the 6nds over and
above The original capiloIplaced in the
Bank at various times, andmark-a por.
lion Of the Surplus Reveme is included.
Now The Surplus Reveuul deposited in
The Bank in 1887, amounting 10 SI.051,
l22 %. Bank Comp. p.elO) Of this
amount S2OO,900 were pad on lie Rail
Road subscription and M arIole of the
balance carried 10 the Sinking fund (Bank
Comp p. 2I0.) That is d saw, $500. 900
was so carried in 1914 a stated by The
Comptroller and the re'nai,der previously
10 The Report of The Inve,tigarins Com.
mitee of l54O |. from whidl quoIc. OF
this remainder there is 4 slice Of S5l,
422 O9 of which after III, mos, diligent
search can fiud no furthertrace. Having
gone into tho Bank it is Of it ought to he
there still. ye, among theiBank Reports
aud documents in my possession. can
lind no mention made of i. But of the
o'her S6O0,OO0 The history is recorded.
In 1889 the Legislature. by express aci.
turned" it over to the Bank. iSee Bank
Comp: 49-A. 4. 1889, 5p. 59-nnd II
Pol. S. L. n. 3S.) Bythat AcI the Bank
was permitted to take il, aud by the annu-
al BANK Report Of 1910 the actual trans.
fer is acknowledged. (See Bank Comp.
p. 3o5, But in the above quoted state
nent Of the Comptrolless. no mention
whatever is Glllenf ihi-ss nEmci,s sum of
,he Bank has acknowledged the receipt
If this he added 10 the sum reported by
the Comptroller, the whole amount
"placcd in the Bank would he swollen to
50, ,SS3,75S 80 not 10 mention
long arrears of interest. 4tVhy was il moi
so added? Was it not agross and palpa.
Jle error in The Comptroller not to do il
lr there is any mistake about this state
menl challenge YOU, the Comptroller ard
the Bank to shew il.
do not refer This enormous error to
cast an mpulation on Sur Comptroller.
|, may have heen an oversight 10 which
all men arc liable. Possibly The facts do
not appear on the Comptroller's Books,
for whoever will refer 10 Mr.. Comptroller
Haynes slaremen, in 25Y. B c. y. 1S4,
will at once see that tie books Of The
Treasurers and Comprpllcrs were a,
least up to that lime. so Iep', as not to be
entitled to confidence. Bur however the
error may have arisen, tits great enough
obvious enough 10 ,eacEus tha, we are
no, 10 receive rs gospelsihe figures and
statements nf even our highest function
aries; aud that the pedle mus, see for
themselves and not lllrn9h the spec,aclcs
Of any body whaleves In justice to
"Auti-DebI," however. b me say that in
his tables lie charges ihBank with hav-
ina received only S2,535S6 13.
Now lc! us look al hecimen of Bank |
accuracy. In 1547 the resident and Di-
rec,ors of the Bank Of II Stale Of South
Carolina reporl to the legislature that The
profits of the Bank duris the year ending
the 30,h September ~, amounted to
S303,252 Vi, and afle. making sundry
deductions for interest Id expenses and
expenses on Fire Loa9nlerest on 6 per
cent. Stock and Loss say that they
have OF this profit carrd 70 the Sinking
Fund Sl62,000 90; at in statement A
rhe Bank is debi,ed wiltthat amounts as
profits on hand. To cdvince,he Leeis>
iatnre Of The wonderful things the Bank
has accomplished, lheI is arachcd 10.
and forming a part ofbe Re'ort above
referred 10, Table owing he Princi-
nal Features Of The opes tions q the Bank
of the State Of Soulh!, ,arolin from lis
commencement to The Il Octoh, 1S47."
In that table under theihead "mount Of
Il
Profits after deducIing bsses," hy report
the pro6ls of the Banktor each ,ar from
its commencement to he lst of)cIober,
1S47, which amount b the asegale to
the sum of S4. $500 "a. Urr The
head "PAID FROM PfpFITs," lhtreporl
the various amounts paid from NE to
lime by The Bank, ad upon W, ac
count, making in The aggregate ,hdllow-
ing sums, viz "ln tie State Tr.ury" !
S592, ,0Ol %. "Inreres on Public,ebl"
S2653.502 Sc, aud !. Public Desk
per cent. Suck Of B2O. and Fl per
cent. Stock of 1S3," S1.5S6,2 36.
Now from these .faciI let US see .htlhe ,
accnunls of PnoFIys FilI balance. !
Amount paid iroInPfofls'
in Stale Treasury s592,028
Amount "Puirl from Profts,' i
Interest on pubIidDebt. 1858, SIG r
D,,ij cr,,t,, h..E,, 4