Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-06-28
STATEMENT OF THE PUBLIC DEBT.

S4,O3J,Vfo DO
See Acts, Reports and Resolutions
1876, pages sS and 80 of R"porls.
We find in the public documenis of
the State that the Bank has paid for
the people of the State The above
public debt, down in the table TO "6
per cents, due 1S4S," inelu:iye-
which last item vas paid last January;
which by addition will be found to
amount 10 50 l65 ,932 10. From the
same soutce-(pubIic documrnls)-we
ascertain the Bank has taken up of the
public debt, bcsides The amounts stated
above, about S1S9,746 63 cls-making
paid by the Bank of The principal Of
The public deb: two mi!tians three hun
dred and tJty fOe housand sir hm
ired and seventy eight dollars and ss-
usnty fUe cents.
The annual interest, upon this public
debt paid has been heavy .-for it bore
interest from The time contracted,
1920, and So son. IllieIe eBBsllkebas;
also paid thai, the samodnf
paid inlo the Treasury being added) 10
more than S2,723,50o OF interest, max
ing in the aggregate paid by the Bank
for the people the enormous sum Of about
Jare millions IF dollars. 1t may b. a
little more or less. speak in round
numbers. Not one dollar Of this i'm,
mense sum has been raised by faxes ouI
OF The property of hir people-bul paid
by the peoples Bank. Some small "a
mounts, comparatively speaking, have
also been paid by the Comptroller, bu,
which are not taken into this calculation
1t is falher said, that if an account were
now taken, aud the Bank held to ac-
count, as Trustee and Agent Of the Stale,
it could show Ila! it has already refund
ed IL The State the whole amo, mt OF its
capital, the entire amount Of surplus re.
venue deposited in the Bank, all The
dividends received from the Rail Road
Bank, with legal interest on all, inc'ld-
ing the Gre-loan, and has made clear
pr,li' of more than one million EUe Inn
drcd thousand dollars! That the Bank
can show against the fre-Ioan and all
other capital, eight hundred thousand
dollars of tire-loAn b 'nds, and other
bonds, notes, stacks and assets, to The
full amount, after having demonstrated
that she has paid on The pubic lob. the
immense sum of foe millions Of dOlars
or more.
If these things be true, every tax
payer in the Stale should rejoice. We
will ali be happy olind them true. These
statements are drawn from the public
documents, containing the Bank report
and those Of the Comptroller General.
THIS is the other side Of the picture.
Nov both sides cannol be colrect.,-
One must be true and the other false
This is clear proposition. Which is
correct? That is the question. That
the public debt has been largely reduced
and paid to the present time, through
the Bank, is undrnied and undeniabIc.
But how she has paid it, whether she
has acled legitima1"ly, and whether the
bonds, notes and other assets OF the
Bank are good or bad, are the points
upon which the peopl,: desire to be tho.
roughly informed. Information is the
only ostcnsibte object of "Voler" and
other quersls. II is certainly what The
people want. How is it to be had =?
There is but one answer and mode
That is by a rigid and thorough, invcsli-
CATION.
Well, how did I answer "Vo,er" in
my former article ? l said there should
be "a thorough invsstigation ofths con-
dition Of the Bank. and its conditiun
be futty presented to the people IF the
Stute." This covers the whole ground,
and appears to me to be a broad, tuli
and explicit pledge TO publish the whoie
condition Of the Bank TO the people.
But "Voter" is not content with even
this broad pledge on pr'nci pie. bu' un.
dertakeS to mark out q particular track