The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-12-30
cosspsrellss-s A.srai,s asersse.

port Of the Comptrollasl General 20 the
Gensral Assembly OF The State OF South
Carolina: 90, >is.f s,.s s s, ss:sx. !
Statement No. shows che debts and
credits of the State on October 81, 1869,
showing balance against thei State of
1856. .O56. 04, which, says Mr. Neegle, isis
caused by the State being charged with
SO. 700.00 of bonds. signed up and
placed in the hands of the financial agent,
and remaining unsold, which, If deducted
from the actual outstanding debts of the
State, will show balance in favor of the
State of $1,744, 1886 Some of the
bonds, in the hands of the financial
agent, will be sold to relieve the State of
the floating debt. necessarily incurred in
New York, but the policy is to hold them
until, by proper management Of our
something like fair valuation"
The following (tbe "debtor" side Of
this statement) is list of the assets the
State has to show rs set off against her
debt: Bank of the State of South Caro-
lima for Capitol. $187, 1882; Bank of
the State of South Carolina, sinking fund,
So, 3S7, 1926; Bank of the State of South
Carolina, special fund for redemption of
six per cent. bonds. $50. 10000; Treasu-
ry State of South Carolina, $11, 1851. OF;
Shares in Northeastern Railroad Com
papy, S120, 90; Shares in Spartan
burg and Union Railroad Company,
$3.50, 10000; Shares in Peudleton Rail
road Company, $42,500.OO; Shares in
Greenville and Columbia Railroad Com
pany, S433, $4,000; Shares in Blue Ridge
Railroad Company, 81 ,310, 600 90; Shares
in Columbia and Augusta Railroad Com
pany. S42, 10000; Shares in Cheraw and
Coal6eld Railroad Company, 5000. OOO 90;
Shares in Laurens Railrond Company,
$50. 100000; Shares in South Carolina
Railroad Company, S24. 100000; Shares
in Charleston and Savannah Railroad
Company, S27O. 900. 90; Shares in South
western Railroad Bank, Sc. 600 90; Shares
in Keowee and Tuckasegee Turnpike,
Sc, 600. 90; II. II. Kimpton, Financial
Agent. So. 1S1, ,496.l7; General Taxes,
1868, $1,O2S, 696.9S.
On the creditor side of the statement,
we find tho following exhibit:
Bank of the State of South Carolina,
for current fund, Sits, 973. 60; three
per cent. State stock, S3S, 1886. co; six per
cent. stock, 1885, Fire Loan, 1904, 443 80;
five per cent. bonds, 1888, Firo Loan,
$4S4, 444. 81; six per cent. bonds, 1854.
Blue Ridge Railroad, 81. 900. 10000; six
per cent. stock, 1856, New Capitol,
1928, 055. &C; six per cent. stock, 1857,
New Capitol, $215, ,S73. A; six per cent.
stock, 1868, Now Capitol, 1851. 1000
six per cent. stock, 1859, New Capitol,
New Capitol $3.50, 385. 90; six per cent
stock, 1868, New Capitol, $40, $50. 90; six
per cent bonds, 1853 and 1855, New
Capitol, $500, 900. 90; six per cent. bonds,
1866, New Capitol, 81, 600. 90; seven per
cent. bonds, loan for relief of Treasury,
81, 900. 600. 90; six per cent. bonds, 1869,
Funding Bills of the Bank of the State
of South Carolina, $1.246, 10000; K
Bills Receivable, State of South Carroll
ma, $40, 90; general interest account.
SO, 1877 4S; six per cent. bonds, 1866.
Funding Act 1866, 1852, 500 90; six per
cent. stock, 1866, Funding Act 1866,
S106, 2O5. 81; funded debt under Act Sep
tember and December, 1866, Sl91 1897. Is;
six per cent. bonds, 1868, redeemed Bills
Receivable. $500, 100000; six per cent.
bonds. 1868. payable of interest public
debt, $1,000, ,0O0O0; six per cent bonds,
converted State securities, S332, 900. 90;
six per cent. bonds, 1869, land commits
sion, 5000, 10000; interest on public
debt, general account, SS43, OTIS. 10.
Statement No. 2 exhibits tho receipts
and expenditures Mt the Treasury, dur
ing the last twelve months, Just closed.
This table shows balance on hand, lust
report, Of S26. .265. OF, and paid in during
the year. 20S4, 911.44; making n total
of So, Ill. 196. 81. "This large amount
of receipts is made up, to considerable
extent, by time loans. through the fnan-
cial agent and other sources, aside from
direct taxes. The total expenditures
are So. 099, ,3I5 A; Of this amount $685.
973.24 was paid out on account of float
ing debts and expenses incurred prior to
the beginning of this fiscal year. making
the actual cost of the State Government
for this year, only 81, l,103, ,372.2O; out of
which sum, tho following amounts have
been paid on account of extraordinary
expenses, which will not occur again for
a number of years. For repairing and
fitting up new State House, 800, ,795. 80;
for census takers. S48.324. leaving an
expenditure of $1,034, ,252 40, for actual
expenses of the State Government, and
paying one years interest on the public
debt of the State"
Among the receipts" in this state
ment we find November 80, 1868.