Columbia gazette., 1854-01-14
as reported by the Comptroller, amount
ed to 81 ,242 1899 "a, as follows:
Tolal amount Of adjusted
Civil Indebtedness, $7o6, 1868 %
" 6 War debt, 445,375 70
S1,242,339 "a

Cvli Indebtedness, $I9b,963 30
:" War debt, 44o,375 70
Total amount, S1,242 ,339 "a
1t is deemed proper, in this connection,
to explain the causes of the apparent
increase Of State Indebtedness within
the last two years, and in doing so, it
may be necessaU to enter more into de-
tail than has heretofore been the custom
Of the Executive.
Before recapitulating the several items
and dates necessary to a correct under
standing Of the subject, l may be allow
ed to remark, that the responsibility,
whatever it may be, rests entirely with
those agents Of the State who contracted
the debts, and not upon those who, sub
sequently, in obedience to law, merely
adjusted and issued warrants upon the
treasury in payment Of them. With
the latter, there was certainly no discre-
tionary power; whether it existed with
the former, it is not necessary for me
now to enquire. The faith of the State
had been pledged for indebtedness in
cured, and without actual Reputation.
there was no 9th er course to be pursued
by the present agents of the State than
to issue warrants on the treasury in
compliance with law.
The explanations deemed proper, will
in part, be found in statements A, B
and C., herewith transmitted. (See
Appendix.
Statement A, exhibits the various
debts contracted prior to the 1st of Jan
uary 1852, but which were not audited
by the proper officers until after that
date, amounting in the aggregate TO the
sum of one million fifty-two thousand
four hundred and ninety dollors and
ninety-two cents.
Statement 3, exhibits the several
amounts appropriated by the Legisla-
ture of 1852 and 1853, for special Oh
ieets, having no necessary connection
with the administration Of the State
Government, amounting in the aggre-
gate to the sum Of four hundred and
thirty six thousand, three hundred and
/ fifty dollars and seventy-nigh ght cents
Statement G exhibits the expenses of
the several departments of the State
Government since its organization.
RECAPITULATION.
Amount of ad diusted
Indebtedness On the lst
day Of January, 1882.
/ (see Comptroller's spe-
cial report of January
%, 1852 $I,242, ,339 "A
Amount of indebt-
4 cincss incurred prior,
!! but not audited until
after January l, 1852,
! see statement A. l,052, 400 81
Amount Of actual debt
on the lst of January
1852, 1924, $50 66
Amount appropriat-
cd BY the Legislatures
Of 1852 and 1858 for
special objects uncon-
nectei with the admin
istration OF the State
Government see
statement b. 436, 800 IA
Amount of actual debt
on the lst of January
1859, and special ap-
preparations by the
Legislatures OF 1892
and 1853, 2,73l,lSl 44
Since the 1st of jan
uary 1852, of the then
adjusted debt, in the
shape of three per cent.
Bonds redeemed, in
cluding interest, there
has been paid in
coin 272,97s Al
| In seven per cent.
Bonds due in 1855,
and redeemed, there
has been paid in coin
since January the lst,
1852, 1900 90
Totalamount of coin
paid in the redemp-
tion of three and seven
per cents of 1850 and
1851, $349 ,97S Al
From the above recapitulation it will
be seen that the debt of the State, in
CURED in defraying necessary and legit-
innate expenses Of Government since
January LIST, 1852, has increased COM
paritively but small amount.
The amount Of coin, ($349 1913 Al, }
applied In the redemption of Bonds since
anuary lst, 1852, it is proper 70 state,