The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-07-08
s6j5,499 06

This includes Bills Receivable s222, ,0G0,
which had been signed clipped and
carried to cash, pursuant to the provi-
sions OF the Act Of 1885, authorizing
their issue. 1he expenditures during
the same period were.......-........ s474 453 81
Leaving on the 1st Of October, 1867, o
cash balance In the Treasury of...... 19l,039 90
The report Of the Treasurer, made to this Depart.
ment and herewith transmitted, shows the opera
ioAs OF tine Treasury from the 1st day OF October,
1867, to the Let day Of May. 1868.
From this statement 1t will be perceived
that on the 1st day of October, the bal
ance Of cash on hand wae............ S191 ,029 GO
The total receipts of the Treasury from
all SOU sources since that time has been. sO33s7 IS
Which, added to the cash on hand made
the available means OF the Treasury. 494,42 ~
period has been. ............. 3ss,ssl 10
Leaving on the 1st day Of May, cash
balance in the Treasury of........... 95,5D &c
This amount will be very materially reduced du-
ring the month OF May by the presentation Of claims
against the Treasury for payment before the expra-
iion of the term of the present administration.
1t Will be observed, from the report OF the Treas
urer that the Con yention levied tax which 1t was
supposed would realize the sum Of s75. 600. SufA-
Gent returns have not been received from the
rious tax Collectors of the State to enable him to
say whether the calculation win prove correct The
actual sums drawn from the Treasury, BY order Of
Major-Genera Candy. to defray the expenses OF the
Convention, amount to Sl1o,0OO which Is an e1pen-
tax bill Of the Convention, assuming that said blu
raised the estimated amount
By the Act Of December, 1865 authority was given
TO the Treasurer and Comptroler-General to issue
$4,000 OF Bills Receivable. These officers found
that 1t was not necessary to print more than were
embraced in the first contract with the eng:avers to
wit: $500 coo. Of this sum only 500 600 have been
signed and carried to cash 10 the treasury. On the
1st day Of May, 1868, there was outstanding and In
circulation of these Bills Receivable only slS5tS7.
TAxFs AND TAXATION
no duty is ever devolved upon the legislator in.
vovipg such delicate and ramied interests as tha:
which looks to the creation of just and equitable
system Of taxation. II Is an accepted truth In polttt
ty, It should be done In manner which will enable
them to pay the same with the gre1test facility and
without unnecessary oppression The sudden change
in the system labor which has prevailed in South
Carolina for so many years; the destruction of more
than one half of the estimated wealth OF the State b.
the aboliHon IN of slavery; the devastation OF cities
towns, villages, farms and homesteads, by the raw
ages OF war; and by invading aud retreadDg armies;
the disastrous drought which existed throughout
the State in 1866 cutting off almost entirely the cot
ton and greatly reducing the provision CROP thereby
rendering it necessary to purchase large suppnes
from abr ad for the subsistence OF the population;
tie great reduction in many sections OF the state OF
the cotton crop Of 1867 by The spoiaon OF tie caer
pillar and boil worm and the pressure CT d:hs con-
trneted anterior to the war when the basis Of wealth
end credit was 50 essentially different from thas
which exists Ut the present ulne HdIloulsn us taHt
the PEOPLE OF south Carolina are unable 10 bear a
burder of taxation which, prior to the accu mutation
of ties. misfortunes, wold have been deemed mod
crate ond inconsiderable. Whether. therefore, you
look 10 the contentment OF the population, CT me
materia prosperity Of the State Z. is the dictate Of
wisdom that you should exercise the most rigid
economy, and reduce expenses bJ c1r:a:iins salaries
AID dispensing with ali appropri tions not absolutely
necessary to the administration OF the state govern
ment.
The taxa ion of the present and preceding year has
been sutject matter Of great complaint lhe large
number OF tracts of land, as well as ether property
LEVIED uYon by sheris in the various districts for
noo.payinent OF taxes Enthusiastically ev,nces the ex-
treme difficulty encountered by citizens 10 raising
money to meet this demand OF the State Whenever
taxation becomes thus oppressive upon population,
its influence cannot but prove disa rous, because it
tends first to Decentralization to dishonesty, 20 the
mailing OF false returns; and secondly il Is cacu.a-
ed 10 drive from the State valuable portion OF the
community to geek other localities where the Tem!l-