The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1852-01-13

omproved land @ ~ - 1S'ss
55I .le5555 as5@.. .4, : as', @ ,aa REPORT @.ss,.
t. ssst @ ps &s Ba"i is the STATE Of South @ c,aa
n.sRs s .ass ana 1 1gpGf1 a. the s the
at Charleston, beg leave
That the Committee met at the e # tho President the Bank
the 10th day June performance the duties
d5y which f ss s si5a e e
's9sIsrsa Ts n.ass as hnrs having reference enc ox.,
@ s9ndon Of the Bank at the close Of the Of
and sixteen thousand cents
S. on account of its capital its issues of Bank
% '"s Is DaaDes ssosi due to e sss "Sss
ssase se s 'Sv' ] the 6eBi Bs makes an exhibit of assets
g. period consisting bills discounted specie
and hy Bangs and agencies abroad stock real judgments charges
asean.e asa the S s o for advances and for and Domestic
n se the nsefl Of & The Committee weed the
silly coin inspected the certificates Stock made
u Saa and snnn an a would permit into
linz lime The same eve under or the
aton Of bad and doubtful profit and loss account
sums Of money for long period, Banking opeaons still the Com.
Bank sound that its caa and other funds are @
y set%a and that the administration Of its affairs during the fiscal
Most Of the items the statement A. frequently explained
previous reports familiar generally Com.
mtee therefore, make particular such only arc
new impression, or as seem to require special remark
l233o7 u; 81
ence owing to the fact that 1910 and
cancelled $s97 of the three per State thereby reduced
4 lis capital by that precise
5, Agency at St. Nays ':1ty .Sunteyric gency at
esbery agency Narys been discontinued Tho at
oumee and Newbery have been lately established regarded
Advances to State Rail Road Stock-ly an Act
passed at the last session the Legislature (Sa the
dy the President and Directors of the Bank together
uer General to make the for Tho payment
the instruments due to the South Carolina Rail Road Company
shares the Stock of said Company State And bv the
second section, the Comptroller authorized and required to
PedSe the Bank the shares aforesaid
value to the amount required for the purpose condition.
however, that event. should the said than
ne par value The Bank accordingly advanced the S202 $50
Inc interest charged by the Bank the cent
$685. and the Committee have been President that the
dyden upon the shares $GS93 So and that difference
$SO9 90 placed the credit part payment of the
advance. - - r~' - '
80 Royal Bak, Lvnpooz- agency of the Bank in Liver
Pool established within the last years. the $40 5G4
the proceeds of Foreign exchange Charleston and sent to
for collection Of the Bank.
Ihe marked b. and hereto annexed show
Ing the profits the Bank aud the derived from the be-
ginning OF the fiscal
were $l527O3 l3 This shows larger the operating
capital than has been realized for many years proper to remark
Bank have been regularly carried tho sinking Fund as
established by the Act of 1921 subsequent Acts but the
Appropriation Act of last the President we're required
Tor the mcetng the
credit of the Treasury from the profits sufficient amount not to
exceed however, the of hundred dollars The skn
Fund Will therefore, be credited with the profits year unless
The Committee desire to acknowledge courtesy attention the
officers Of the Bank, i'll furnishing information required w
us4l.a.t ". D. PORTER,
I4ssHH Chairman Senate Committee.
ts5s .ns. ,. j. D. ASIIMORE,
#+ aE Chairman House Committee.