Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1850-01-26
the fund
sl,7ss,5ee 10

$1,7s3, $50 10
CIRCULATION.
At the date TO which this report must
be understood to have reference, viz: lst
of juno last. the Bank has charged itself
with Bank Notes issued amounting TO
l,G63,2O2. For these no;cs, for which
the capital of The Bank is rcsr' nsible and
the faith of The State is also pledged there
was or ought to have been received at
least an equivalent amount Of notes dis
counted, or other securities for which the
Bank is accountable.
DEPosrs.
TIE Bank stood dehited in its own
books with balance of deposits received
on account of individuals, public officers
and corporations amounting to $7l1,-
1877 oil. And had for the State Trcasu
nv S54.tSl 90. 1t stood dcbi ed al,o
with bills payable for $4,000, and with
with balance due tic Bank Of Ham
burg S22 .847, for both of which it must
have received value. And t,crc stood
to the c'cdit of the di.count and interest
protest accounts s05,5.2 O6. So that
the amount for which the Bank was nc
countuhlc on the lst June last was us ol-
lows, VIZ.
Capital s5123357 73
b nix Note~ issued, Ie632o2 90
Sinking Fund, 52S 240 70
Fire Lean Fund, 1883 $50 10
Dcpo its, 7l1ls7 oil
State Treasury, 5foSl 30
Bills Payable, so 600 90
Balance due amburg Bank, 22s47 81
Dis, Interest and Protest Account, % SO O6
s6,o3o O75 33
The Bank accounts for these funds by
exhibiting Their equivalent in bills and
no;cs and bonds of individuals and cor.
p"r"tionS, judgements, specie bank notes.
stocks, rel estate. bnlInccs nginst is
branches md agencies cha,grs az inst
the Stntc fo" interest and expense. "n the
loan for rebuilding the Ci'v of Charles
ton, foreign and domcs H. exchange, md
balances against Banks, and other agen's
and C Trcspondents alb ond and incidental
cXi cnst$
Wiih Il view to the greater facility and
dispatch afforded by the orderly arrange.
:cnt Of business. the committee before
they entered upon the investigation which
they had 70 make, cnu>cd schedules 10
be prepared. exhibiting under one view.
I'll thc important particulars of erch
i'cm of the general statement of the
credits of the Bank. For example TO
begin with the ln'gcs, and most lmpor-
TINT icm, the bills and notes discounted.
The schedule of the.c contained, in dis
iinct columns the names and residences
Of the makers and cndorSc"s, the date.
amount, and time of payment of each
noe or bill, with the nature end location
of the pronerty and securities if any.
With this schedule before Them. the com
mi'tce in the fist place verified bv in
+ spection, such of the particulars above
stated as appenred from the papers them
selves. Having done this, they proceed.
cd moro deliberately to consider each
note o. bill with reference to its charac.
ter and sulhcicncy asa security for the
mrn'y il engaged TO pay )Vherc the
committee wee net themselves, o. some
of them, acquainted with tn cicumstan-
ccS of the parties, they sought and OF
tanned information from the best sources
within their reach: in many cases by sen.
ding for md examining he persons who
wee believed TO profess the information
the" required, and in other cases, wkc G
they were at IL distance, bv written com.
mun!cntions. The bills and notes in this
schedule amounted on the whole to ST..
l7G,o9l 81. 1t in, ludcS few notes,
which though their time of pnvment, is
long since past, have no, been put in sni,
an therefore do not appear under the
hrHd of bills and notes in suit. Notes.
and parts of notes of This class amount.
ing to- 5,508 Al. are honrlcsSlv bnd. and
ought in the opinior of the comm tee. TO
be carried 10 the debt of the profits and
los account, other notes in this schedule
noi of the cl'Ss last mentioned. amount.
ing $50 90, appeared to the commit.
tee 10 nc Of doubtful character The
bill included under This hend, arc only
inlind bills. Other bills appear under
the heldS Of For, ign and Domestic Elk
change. The same course was pursued
in relation to each ofthe othc~ heads.
l Z n