Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1857-12-12
Bank of the State.

the lIscal year, The. 3Otn september, 1S47. z
The profits of tho Bank have amounted
to the sum of two hundred and scvenly.six
thousand seven hundred and ninety four
dollars and fiCty-nine cents. 't''''5
FROM these profits We ,havo 't'' '} ''
pail, to the holders Of Stale
Bonds held in Europe for in
terest the sum of $4S,654 so
TO holders Of Six per cents, is
sued under the Act of 1888
{Firo Loah) 46,s31 90
We have passed to the credit
2ofthe Sinking Fund the fur e.
s.ther sum of 'ng asl-c 1915 80
Making the aggregate of $27G,794 so
We have redeemed tho following Dor
tions of the Public Dept since the list of
October, 1856, up TO lst October, 1857, of
the present year:
OF the Three per cent Stock
the sum Of 50 ,2544o,at tile @H-
cost Of $l3, ,39o32, which a. 'ia 80
mount is to be charged to ,g.s
the capital of the Bank $4,000 80
OF the FIVE per cents which be- .a....
came due in 1859, we have
paid 81 so
And of the Five per cents of p
ls48 (Fire Loan) which will
become due in 1858 aud
: 1868, we have paid 6s,lT824
$4,000 o6
A portion Of tho Bonds have not been
received from London. But they will be
and cancelled as soon as re-
teived. Directions have been given to
transmit them. "a ~,,
In accordance with the provisions of tile
Act of the last session in reference to tho
New State Capitol. the Bank has continued
to make advances for its construction, and
at different times has placed at the dispo-
sal of the Superintendent sums amounting
to $2S6,52S 80. As agent for the sale of
the six per cent. Stock authorized to be
issued for construction of the Capitol, we
have disposed Of $l98,265 Of said Stock,
for The sum of w $l77,752,44
and interest from date Of sale 4. Ill. ~
to date ofissuo 1880 45
'.'. $l70,732 so
We have also disposed offory
two Bonds issued undor the
previous Act wlich'bav pro .w9
? duced nett h 4o,15G SO
pse ss p. S2l0,sS9 Al
The particulars of which. sales have all
been reported to tho Treasurer of the State
These sums nave been deposited with the
Treasurer of the Lower Division, from
which he has paid the drafts of Superinten-
dent, countersigned by the Comptroller
General, 70 the amount of $2l2 ,37957, to
reimburse the Bank for advances, leaving
the Bank inadvance up to the present tune,
03,762.37, as followo:
Advances made as reported }g s
last Session 81 5.>., $l24,6l3 05
Advances made dpringthc pres
ent year 2S6,528 so
"493.'a e $4lI,I4l 94
Ofwhich we have received, rs @E W
aboyestated, ontlle drafts Of .a
lc tlieSupcrintendant and Com go-
troller Geueral, 5y .ss, 21L379 Oh
Leaving in advance 10th Noyg$198, ,162 81
The amount of fStock authoriz-,
ed to be issued under tho
Act Of s55, WAS S IS $3.50, 900 90
there has been sold 1852 90
Leavinga balance of, SOL, ,f35 90
Of the Bonds issued under the Act of 1855
two hundred aud three of one thousand dol
lars each, were received from the former
agent, of which forly-two have been sold,
leaving in our possession one hundred and
sixlycne BondA of one thousand dollars
each, amounting at par 10 one bundled and
sixty one thousand dollars These Bonds
being less available than Stock, IL would
be advisableto authorize the issue Of Stock
Ia their stead. SIS ~ sN'E5N3s -. i'sfaa3a
1.-The interest on the bonds iasued sp"dei
tho Act to make subscription 10 tho Blue
Ridge Railroad not hayipgybesn provided
for, and the Treasurer Of tho Lower Diyis-
ion not, having been directed 70 pay the
same out of the Treasufy, the Bank has
made afnrtber advance TO meet that de-.
mand, which, addedi 10 the sum tFepofted
last iyearsmakes ana aggregate of S45, $40,
Wefequest that some provision, be made
10 refund the Bank for,these advances. The
Bank was tue more, induced 10 paylhe in.
terest on the above londs. as The nonspay-
ment would have materially injured the
stilo of the stock issuedfo Constructing the
New Capitol. Ia connection wi,lielhcse
advances we would, bring totlto view 81
the Legisla.ute the fpct,that an instalnsens
of The Fire Loan Bond due 10 E,uopes The
balance Of which aiao0nts oabovt four
hundred thoasand dollars viii DO payable
10 Lopdonon Tue ,ist 81, July next. And
We wolld, foft6er adveyt 10 tie sfacG tbal
The atya1cdg 10 lie s,tnts3 ljV this 1Sanit OF