The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-12-30

tivsTexpenses Special Session. 1885,
Sl1, ,S03. .72; Legislative expenses Hegular
Session. 1868, $16a, ,2O5. 7a:' Stats Con.
atabulary Force. $2I, ,854. IS; Advance to
To- Blue Ridge Railroadsl $40, ,oOO. 90;
County School Commissioners, $l8,.
701. 81: Commissioners and Managers of
Election, $23, 240.24; Claims passed,
$12, 18e. 10; State Penitentiary. $50. 500;
State Orphan Asylum, $5, 657. Al; Lunatic
Asylum, $14. .9S4,55; Catawba Indians,
81, 10000; Expenses Loans 1926, ,OCO,
Special Session, '6S, $29441; Committee
Investigation Third Congressional Dis
trict, $l0.2S1.S0; Land Commission,
81, 223. .25; Permanent Printing, $4,000;
Fitting up New State House, $50, 795. 80;
Purchase OF Arms nnd Ammunition,
$1,O12.69; Census Taker, $4S, 1924 90;
Transient Sick Poor. So, ,050.OO; Ex-
penses enrolling and organizing Militia,
$2,996.9O
Statement No. 4 (same as list of assets
published above under No. l., from
''shares in Northeastern Railroad" to
''shares in Keowee and Tuckasegee Turn
pike" both inclusive.) Exhibits the
amount Of 50, 1854, 1G0 assets due the
State, consisting principally of shares in
the various railroad companies, which
made to the companies by former Legis-
latures, none of which are remuncrative
at this time, but some of them, it is
hoped, will be in few years, and will
command sufficient value on the market
to enable the State to pay off consider
able portion of it's debt as it falls duo in
the future"
''No. s." says Mr.. Neag'e, Exhibits
the debts md credits of tho State, in
cured prior to and during the war. This
statement shows the amount Of $2,72S,-
594 50 due by the State, most of which
was incurred in direct aid Of the rebel
lion. The Comptroller General would
here renew the recommendation made on
this subject last year, that he be directed
to sink oil of them, and leave the books
i'll this office showing nothing but what
is solid"
The debtors are Sheriffs and Tax Col
lectors. and so are many of the creditors.
Among tho latter we also find A. G. Ma
grath, Governor, So, 625. 90; Private Sc
crctary in 1862 to Governor, 1912 so;
Chancellors Dunkin aud Ingls, $3.50
each; Judge Wardlaw 81, 500, and other
claims of this description.
Statement No. 6 exhibits the funded
debt of the State, outstanding Oh Octo-
Der 81, 1869. showing the entire amount
to be sc, 1S3. 349. II, bearing an annual
interest of S33S. .693S6. OF this amount
S3O4 443 SO falls due in June, 1870.
''It is hoped that the Treasurer will be
able to take care of this debt, by the aid
of the financial agent; and the Legisla-
ture. therefore, will not be called on Tins
session to make any further provisions to
meet it. S4S4, 444. 81 Fire Loan Is per
cent bonds, payable in London, was
past due in 1868. As it is expected that
this debt will be met by the assets of the
Bank of the State, it is set aside as in
state of liquidation"
No. exhibits the Comptrollcr's esti-
mate Of supplies for the present year;
Salaries, Sl29, 600 Including SlO,5OJ fyr
the three Code Commissioners;] Kegislh-
tive Department. 100000; Executive
Department, S33, 100; for University.
S27. 7.OOJ; for Free Schools. S125, 900; for
Military Department, $4,000; and for
continuing the construction OF the Peni-
tentinry, S75, 900; for interest on public
debt, 1888. .693, SO, making q total-esti-
mato for the next year-of 1886, ,293 sc.
No. exhibits the returns of the quar-
terly taxes received since last report. n
No. 16 exhibits statement of contin-
gent liabilities OF the State, on account
of endorsements of the bonds of the rail-
road companies. OF this amount, $2,-
3.312.4 40 of bonds of tho South Caro-
lima Railroad Company are past due in
1868. Every effort, am assured by the
President of the company, is being made
to take up these bonds, but am not yet
informed of n final settlement being nc
complished.
have no Information Of the settle
ment, by the North eastern Railroad
Company, of 1892. 900 of their guaranteed
bonds; but. as no demand has been made
upon the Snte, presume that company
is meeting this debt. 1t is very unfor-
tunate for the State. that most Of these
companies are permitting tho accumula-
ation of these liabilities by failure to
pay the interest falling duo annually.
This course, if pursued much longer,
will bankrupt the companies and force
the State to meet heavy amonnt of past
due indebtedness, while she is now tax
ing her greatest resources to meet her
own legitimate obligations. This matter
should be met with promptness.
No. II contains reports Of the follow
ing railroad companies, viz: Greenville
and Columbia. North eastern, Cheraw