The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1849-12-12

dred thousand dollars would be required to-
paw the four insalments not advanced. Ieav-
ing the sum Of sG5l, ,422,O9, which was car
red to the sinking Fund as above mention.
ed. 1t was then again raised to s7O9227
OF, and having been credited with the pro-
fits of 1910 and 1s4l, and debited with the
small balance of The per cent. stock OF
1920, paid since lst October, 1910. and lhe'
interest paid on the 5per cent, stock Of 1922
1924 and 1926 and the per cent stock OF
1889, amounted, in 1912, 10 S77,s63 81.
In that year, the 5 per cent. stock OF 1922,
amounting to two hundred throusand, dol
lars became redeemable, and was redeemed
whereby the fund was reduced to s579,S6
81. but was again, bv the profits of 1912,
brought up TO s670,s63 Sd In ls43 the
Bank received and carriedlo the credit OF the
Sinking Fund s32.336 Sc Of The S per cent.
stock issued in payment of the subscription
of the State to the Southwestern Railroad
Bank, Credited with this and with the
profits of ls44 1t amounted to Ssl2,2O0 40.
Being then debited with note OF the
Trustees ofthe Columbia Female Academy,
for two thousand eight hundred and sixty.
one dollars and sxty-nine cents. ,ch'ch the
Bank ,ctzs directed, By artsolution Of the Leg.
isIature, to ,eleuse. With interest paid on
the State stock it was again reduced 10
seven hundred and fory-one thousand one
hundred and twenty dollars, sixty four cents
but being credited in one thousand eight
hundred and forly-four with a balance of
two hundred thousand dollars OF the surplus
revenue, which was by an act passed in one
thousand eight hundred and tnrty.threc, dI.
recled to be transferred 10 tins fund, and
with the profits of that year and the dIvI-
dends on stock, the shares of he State in
the Southwestern Railroad Bank, it fose
again to 81 sl,O49,l20 Cd.
1t was then debited with the following
amounts OF stock, which had been purchased
and were held by The Bank, viz:
6 per cent stock issued for advance
to the Railroad Company S9,375 e6
5 %" of 1924 90,893 II
5 1926 1892 50
ard the 5 per cent stock Of 1888
received for dividends in the Rail. sg
road Bank, shares above named 32,336 sc
S2O6, 93l SO
All of which were cancelled. and which.
with the interest paid OIL the Stale stocks in
that year, reduced the fund toS777,904 3S.
Since that lime il has been regularly cred.
tied with The annual profits Of the ank, and
the dividend of the shares of the State in the
Railroad bank, and debled with the inter.
est paid on State stock, and has also been
debued with the following amounts of State
stock redeemed, viz: in as, Sl5G,3l9 80
of the per cent stock of "a III '46. So
2s7 Sc of lie per cent stock OF u; and
S2l9,l90 95 ofhe S percent stock OF '26
IN al, $500 of tho 5 per cent stock ot "a;
and 1910 otlhc 5 per cert stock OF '26 IN '45,
Ss35.65 of the S per cent stock oi '3S, and
Slss,67s IL ofthe 6 per cent stock of 80;
and in 40, s2ls Os OF tle 6 per cent stock OF
'39, leavmgshe balance on the Isl OF June
last S52S, S,240.72. 1t should be remarked
that the interest on the FIRE Loan has first
been paid out Of the annual profits before
carving the balance to the credit Of the sink
IiS lutlu. OCneuuIc ".
FIRE LOAN FUND.
The Act for rebuilding the City of
Charleston, which authorized the issuing OF
Stie bonds 10 the amount of S2OO,OOO, pro-
vIdcd that The money to be raised by The
sale of the bonds should be deposited in the
bank Of the State. aud become part of It's
capital Five per cent bonds to the alnoun,
of S23300O were sold in England, which
produced in Charleston, $l,045,435 10
And per Cent stock was issued
at par for 1864, 444 70
Making an aggregate of S2,OO9,5s3 Is
Of which there were carried to
The account Of interest and ex-
pense of the Loan S9,ss3 Is
Leaving balance of $2,000,000
Ofthis Loan the Bank hls redeemed and
cancelled the following amounts, viz:
In 1914 ufthe 6 per cent
stock Sl56,4l2 30
In ls45 of the S per
cent bonds, 1888 33
And in nfls45 same, 26,666 &C s2l6,4l3 80
Leaving the balance of the fund, Sl,7s3,5S6 ~
CIRCULATION.
AT the date to which this report must be
understood to have reference, viz the Isl
June last, the Bank had charged itself with
Bank notes issued amounting to Sl6G3,2O2.
For these notes, for which the capita! Ct the
Bank is responsible and the faith Oft State
is also pledged, there was or ought 10 have
been received at least an equivalent amount
OF notes discounted, or other securities for
which the Bank is accountable.
DEPOSITS.
The Bank stood debited in its own books
with balance of deposits received on ac-
count of individuals, public officers and cor.