Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-07-12
10000 90
Profits still on hand,
Sd 9o3,743 90
Whole amount of profits
claimed 10 have been
made by the Bank,
4,5S7.050 ~
4O6.692 46
Balance.

made by the Bank, 4,5S7.o5O ~
Balance. 4O6692 46
Tha, is 10 say: The Bank has paid Out Of
its profits the sum Of fonrhundred and SIX
,hpusand six hundred and aineIy TWO dol
lars and forty six cents ovsi and aGove Me
schole amount Of profLs il claims 10 haGe
made! Trul y This is 'oonderfut Bank,
and does wonderful things This is The
showing of The Bank. According 10 the
Comptroller General (Rep. and Res. 1917,
m. 24s 81 the sum is still greater by about
5000. 900. If there was no solution Of
this mystery the officers of The Bank might
he fnrthwiih arrested for practising The
black ari.n Bot first. the hooks may he
badly kept. Secondly, there may be
oversight in the Report. Thirdly, they
may have got me money from somt1chcre
else. And so they did--from that good
old milch COW, The State of SoulIr Caro-
lima, whom they pretend 10 he feeding
daily, while they are drHinins her to The
very ribs. My co-vicIim "Anli. Debt'
has shown very conclusively whence The
Bank got the money TO pay The Public
Debt, and by tracing out this singular dis
crepancy and sounding it to the bottom
The same result would he obtained. But
my present object is TO poin, out solely
The enormous errors on the face of The
Public Documents IN which you rely in
your second answer to The QuesIion.of "A
Voter" and will moi now press any
other view.
now ask you, after this exposure. if
sou find it in your cnnscience TO adhere TO
The enormous aud mischievous errors you
have unwirtingly propaea,ed through The
columns Of the Journal ? Whether you
will still maintain and defend The slate
menls Of The Comptroller and the Bank,
that The Bank has paid from lis profits
: Fir million dOliurs," "a lille more or
less" Of The Public Debt?
Yet ! am not done with the ConpIrol
ler's and Presidents Reports. You urge
with much seeming earnestaess the fact
that the Bank has paid vast sums wirhou,
the people having to raise a dollar. But
what credit does i, deserve for that! Give
me million of dollars and can readily
pay a million of Debt. The people gave
the Bank all this money aud The Bank has
merely paid it out--but nj heavy com.
mission, which has come alsu, every cen,
Of ii from The people. The profits of the
Bauk have been stated as above. Now if
you will refer to the Table annexed 10 The
Bank report of lS47 also above referred
10, (Reps. and Res. 1Si7 PIP. %. 40) and
calculate the interest at per cent on the
Capital there reported in column four, for
the las, four years, and then turn 10 The
Report Of lie President, pages 42 Reps.
and Res. lS43. you will find the statement
below to he correct. You will see that
The President there estimates The interes,
on the Fire Loan at six per cent. But as
the object is to ascertain what would have
been the profits Of The whnIe capital with
which the State has from lime ES 4 inc
not ebave esIimaied any poriIon1 at 5psF PEI
cent; have therefore made The correclinn.
aud accordingly added about $40 10000
10 his statement. The accounts then
stands thus:
ln:eresi on whole Capital
up 10 1S43 inclusive, at
legal rate oil per cent.
ner annum, S362J.7O5 20
Interest on same at same
rate to LIST Ocrober, 1917, 9C6 O33 44
s4,59l, 1891 76
Bank Profits repor,ed "A