Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1868-12-10
Making grand total ofc ... 4o7,soo q
Interest due on the entire debt July sdi e.}f"
Il, 1868, ,.... a55,34 81
Interest due January /, ,lS69,...-..r 1924 38|

1OtM iuIeISots' SI1,F1o, y
This Is not the interest On q capital debt Of $5,
407, ,3O6 q, at six per cent but the reason is ob
vous, portion of the debt is at three per cent
and another part at five per cent
In addition to the foregoing interest paying deb
there is floating debt of $780, 900 in the shape o
Bills Receivable, authorized by the Legislature
which are available for taxes, and which viii b
probably absorbed by application to that purpos
during the present quarter, thus giving but littl
aid to the Treasury in the way Of current funds
This is the last quarter Of the collections for 1857
under the assessment by the Military Commander
and It win leave the entire collections for 1868
vailable for the purposes Of the Treasury. The.
would have been sooner collected, Bat for the df@
culties attendant upon putting the new ta1 hw il
operation, the collections under which will com
mence in January next , ~. ,.l,-. ss,.,ai ,rd
Under the new law, bringing every class Of prop
erty on the tax list, at it's bona tide valuation, in
Guiding much of what has been heretofore exempt
ed and still larger amount entered at nomina
value, at moderate estimate, there will be no
less than three hundred millions of property Is
basis Of taxation. This, at very low per centage
will afford abundant revenue to meet the curreu
expenses Of the State, the interest on its fundet
debt, and considerable margin for the establish
ment of sinking fund. = ,.........;
In this connection, I would recommend that
hw be passed providing for the levying and col
lection Of taxes in Counties to meet their local ex
penditures and the salaries Of their officers Thi
will enable them to make such improvements in tn
way of roads, bridges and public buildings as tn
taste and public spirit of the citizens may dictate
without drawing from the public Treasury money
to defray the expenses of local improvements, il
which the citizens of the Stateat large have no di
rect interest
The Comptroller's estimate of expenditures 70
the current year amount to $4S9, 1893. l3 excluiv
of interest, $3.50, ,692 SO, which includes that on
portion of the debt for the quarter ending October
1869, making an aggregate of $500, ,4s0l5. -
In the report of the Comptroller General yo1
win notice the items of what is considered as tn
war debt of the State, aggregating s2,722,3l sc
and of credits due the State from Sheriffs and Ta'
Collectors, amounting in the aggregate to $76,
664. 81, which he recommends may be sunk ant
dropped from the accounts Of the State. n
would suggest that the Chairman of ths Com
mittee on Enanee;of the Senate, and the Chair
man Of the Committee of Ways and Means in tn
House, be associated with the Comptroller in in
vestigating and determining what claims originates
from the prosecution of the war.
I recommend to your consideration the proprie
ty of passing law for the funding Of the interes
on the State debt up to July l, 1868, to avoid tn
necessity of forcing the bonds Of the State on th
market at sacrifice. I have every confidence il
the ability of the Treasury to meet the future in
terest upon our debt asit becomes due.
The following is list Of the assets of the Stat
on the 31st day of October, 1868: