The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1868-12-09


uhQ which will all be probably absorb,
cd by application to that purpose
during the present quarter, thus Civ
ing but llttlo aid to the Treasury in
the way Of of5eurrentIfmds.s This is the
last quaftcft0f the collection for 1867,
under the assessmenttby tho military
commander, aiil it will leave the ch-
tire tolloetiJns for 1868 available for
the purposes of the Treasury! They
would have cen sooner collected, but
for the difficulties attendant uboh
putting the new tax law III operation,
tho collections under which will COM
mencc in January next t.'"tH !N'| ''''.''i- (
-" Under the new law, bringing every
class Of property on the taS'list, at its
bona y1lc valuation, including iituch of
wfut has been heretofore exempted
and q still larger amount entered at
nominal value, at a moderate esti.
mato, there will be not less than three
hund, cd millions Of property as n ba-
sis of taxation. This, ut very low
por centage, will afford abundant. rev.
.enue to meet the curreiit enpcnses Of
tho State, the interest on its fdnled
debts and Q, +, considerable margin fur
the establish of q sinking fund {
:. In this connection would recon-
mend that q law be, passed providing
for the leyJing and election of taxes
In counties to meet, their local expen-
diturGs aud the salaries Of their off. !.
GERS. This will enable them ito make
such 4 improvements lin .. the, . wayao of
roads, bridges and public buildings as
tbs taste and public spirit Of the. citi-
zens may dictate without drawing
from the public treasury monies. to
ldefray tho expenses of local inlprove-
3ments, in, which tho. u citizens, 4of athe
State at large have no direct Interest.
The Comptroller'ss estimats of ex-
ependftures for tho cufr6nty,i Year
tofiount to $4S9, ,798.l35; exclusive \ of
interest, $3.50, ,692.38; which includes
that on, portion of the debt forthc
quarter ending Octobcpi 1869, making
an aggregate of,$8l9, $50. .5l.araimn,F1
$ In the report eor the Comptroller
.Genoral sou willnotico the itonls of
what is cotsidcred as the .swartlebt Of
Stale, 3 aggregating $2,722,3l5:86o;
and ,of, credits due the State from
sheriffs and tax collectors, amounting
in the aggregate to $76,664i87, which
he qrecommends may be- sunk and,
dropped from tho accounts Of rtho
State. saMu eds 90 H.rrEgerdsnHTt
re7I would suggest that the chairman
of tho Committcyon Finance of the
Senate, and the chairman Of tho Com
mittce Of Ways and Means in'fthei
House, be associated with the Comp
troller in the Investigating. and deter
mining What claims Originated from
the prosecution the waf. b is27g2 ~
i2iI RECOMMEND 60 your consideration
the propffety Of passing a Ian for tho
funding iof the interest on the State
dobt,np to July i, 1868; 70 avoid Tire
necessity Of forcing 6 bonds of the
State on the ltf,afket at Il saerifcc::a u
have every conffd enee in tbe ABILITY Of
the treasury to meet the future Intor-
est upon our debt Ms ft}becoines due.
The following is list Of the assets
Of the State on she, 3fst day, of Octo-
bcr, 1868 isoi "ss' asD E',' s,,n' :.
lSTrS.H sStil t!f it- SHE E'' E'NSJtBhf" Nff's
Shares in rth-eastern agxg al .la5m
. ! Railrond, Company .$l20s000 a0D
Shares sinESpartanbarg yt,s aaira4oiaa
and Union RAILROAD NJ jtipl al
ii Company d. i,sod bo4k25o,o0 68
Shares sin ; Pcndletont 5aAls Iili.ib
Railroad Company,. ob y442,5oo 90
Shares in Greepyille and ri asasng 5sI
Columbiasb RaiEfoad&s al bpe!8Htt
Company, 4S3,o60 90
Shares in Blue Ridge ~ GTA&d
90 Railroad Company sol,3l0,O60. 06
Shares in yColunibiaandlk@s yisg ke'S
Hamburg rnRailroad&i ,H%F,!fa la
Company, ;,2a,4sus %t442,ooo 90
Shares inH Cheraw uand aT''ah $ a2R
2p Coalsfields RAILROAD sas'a 2+a
l9 Company ja aft,s3| 100000 200
Shares in Laurens Rail ,a1aiie@s,t
:, road Company, ,,,,,,t..z.u 4, 10000 90
1 s'i.at S9 7, q 49, 5,a. si53l .TS
.any S,s'SSS ,5SssI,n S,@n~ y $4,000 %
ag o"Ssa sss;a 81" SnhPiySs9 ,5 Wsm ~ 9,st 10 bio8
i rosa Company, 9 s ,,,s.s . 10000 %
Shares in South h-western | b s,.af I
= Railroad Bank, - - ~, 600 90
Shares M Keoweo and I '",,'' q 2"' t..
Tuskhseegec : Turn. II - -, s,
pike Company, !. n:@ 5000 %
ssai5EaaG6 1o9HA4a III TtErtT!f- -
a. 9IsyBs4sa a. lopd aad $b73a,66o 100
I'll The report dfahe TnasaRer 10 fehia
Danart mentffptid harbt.itht f,i, YS6 ,m, a;Al
slioa;sthe operations OF otResT pfeasiiry
froa, tlse St ofIslhyItlo sass - eyetobsT,
1868 making tiieahaounttlSoh baad al
tl,edofmrrpesnd ,'ahiahafi aggregate 1of
subsequent receipts $435, 3T3 83,, gand
Undergraduates $409j68Sl7B1 Lied ying
n balanccdf $2s, 2s5 OF sonthaasd ataRe
making up OF tie reportI Eagsf sl'e' Ysf
would also ask your, attention to
the accompanying letter from the 7 iess.