Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1858-12-18

animated discussion, the bill received its
second reading and was ordered to be sent
to the Senate.
Mr.. Aldrich moved that the special order
LOT to-day, 6'll to establish o new Judicial
District called Calhoun, be taken un to-mor.
row, at II m. Agreed to.
Report of the President and Directors
OF the Bank Of the State Of South Car
oliua
10 the honorable Tie President and IKcn,-
OerS Of the Senate
The President and Directors of the
Bank of the State of South Carolina here
with submit the annual statements, which
exhibit the condition of the Bank Mt the
close of the fiscal year, the 3Oth Scptcm-
Der, 1858
The profits of the
Bank have amount
ed to the sum of So72 7-o "a
From these profits VIC
have paid to the hold
ers Of State bonds
owned in Europe for
interest Sal 4oS Co
To the holders of six
per cent. stock issued
under Fire Loan Act,
for interest 4O1O3 AZ
wv Ihlu iHlO Nllc 'DIalc
Treasury, under Act
of 1910, for penalty 4,058.33
And We have passed to
the credit of the sink
ing fund l9O.o12.o7 o73 ITO GA
The first instalmcnt of the debt contract
ed under The Act of 1888, for REBUILDING
the city of Charleston, fell due on the frsi
OF July last. a portion Of the dcbt Ls \
been anticipated. The balance which re-
mained due was 975, 800, and we had MA
ced in the hands of Messrs. Barring. Bro.
theirs q Co., of London, previous to the
iist OF July, the funds necessary to cxtin-
gulsh the debt. The sum required was
1872, ,G42s3.
All the bonds presented to our agents
have been settled. We have received from
our agents bonds to the amount of G71.75O.
These have been surrendered to the Comp
trollcr General and cancelled. There re-
MAINS outstanding, not presented by the
holders, $3.50. The fund for their re-
demption remains in the hands of our
agents. We have also redeemed during
the year, S22, ,57408 of the six pcr cent
stock issued under the Act of 1888, and
redecmable in 1860. These have been sur
rendered at the Treasury and canccllcd.-
Making an aggregate of debt of $685., ,217.-
81, paid during the year.
AS agent for the sale of the State bonds
and stock authorized to be issued for the
construction of the New State Capitol. we
have disposed of bonds and stocks as fol-
lows: OF the remaining one hundred and
slxty-one 16l) bonds for $1,000 each, is
sued under the Act of 1855, we have dur
ing the year disposed of one hundred and
forty-thrcc (l43) bonds, which have produ-
ccd the sum of 81 1886, ,177.39 There re-
main unsold, eighteen bonds.
AS stated in our last report, there was q
balance of SCI, ,735 of the six per cents. of
1906 unsoid. This stock has been aisrns-
ed of in various amounts, and the proceeds
OF sale have amounted to $58, ,154.06. The
entire amount of stock issued under the
act of the last session, 1857, has been sold.
The amount of stock issued was $500 900.
and the sum realized from its sale is 1884, =
408.71. e
The eproceeds oftliose sales have all been
deposited in the Treasury, and special
statements of the sales made have been filed
In that department. From the sums so
raised, the advances made by the Bank on
account of the State Capitol, as stated in
our last annual report, have been refunded.
The expenditures with work, have nearly
or quite absorbed the funds raised by the
sales of the above mentioned stock.
On the 1st Of January next, there will
fall due the sum of $35, ,512.82, of the five
per cent. stock issued to the Southwestern
Railroad Bank, to pay for tho State rub
s,crlption to he capital of that bank. This
debt has been charged upon the sinking
nnd, and we arc prepared to redeem Il out
OF the fund. On the 1st of January, 1860
that is, at the close of the ensuing wear,
the first instalmcnt of the six per cent.
stock, issued under the act of 1855, called
the Fire Loan Act will be payable The
balance to this instalment, still outstanding,
amounts to $127, 1920. This debt is also
ch,a.rgeablc upon the bank, and we will be
called upon to meet it, 1t Itappears, there
fore, that from the 1st of July last to the
LIST of January, 1860, we have been and
viii 80 equired to meet the following de-
mands, viz:
The instalmeut of the Euro
pean debt duo lst July, and
the six per cents. redeemed
as above set forth i'm this
!, report, sa05,217s1
The 5 percent. due 1st JAM -. ~
uary, ~, S5,512.oa
The 6 per cont. due LIST Jam 81
uary, 1860, 425742,29
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