Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-11-24
100000

Total issue Of bonds and stocks, S9, ,52S ,564
There is wide difference between the two
statements. The issues on account of the
Bills of the Bank Of the State, the Bills Re
cevable and the Land Commission are found
in both reports, but the amount of debt, DC
tober, 1867, (s5,407, ,215,) as given by the
Financial Chronicle, (and by the Com ptrol
ler Gcneral,) does not agree with the amount
(S5,O7O,Ol3) reported by Governor Scott, be.
ing the aggregate of the anto-war debt and
the bonds issued by the Provisional Govern
ment Passing over this, We find that the
Financial Chronicle charges 100000 for
past due interest of 1867, and 100000 for
past due interest to July, 1860, making to-
tai of SSOO,OO0. Against this VIC place Gov
ernor SCOTS own official declaration, in his
message to the General Assembly in Novom
Der, 1868, that "the interest due on the en-.
"tirc debt July l, 1865" was 1856, ,2O4, and
"the interest due January 1, 1862" was
s159,2l4, making total of $514,41S, or
about $500, 600 less than tho amount set
down W tho Financial Chronicle We now
get on the track of bigger game. The FL.
nancial Chronicle does not include in its
statement the s1,000,000 of Interest bonds
or the 81, 600, 900 of bonds for tho Relief Of
the Treasury which Governor Scott reports as
issued, and the reason of the omission is cx
planned by our contemporary in tho following
paragraph:
"In the statements submitted to US, from,
which We have collated the foregoing partiou.
lars, we see two other items added to these we
have given. The aggregates, however, are
not stated,a ace are assured that they 1oiU not
ercee0 three and a har millions, maktng The
aggregate debt Of the State about t,oclue mil.
lions This is the amount at which wo arc in
formed it will be stated in the forthcoming
report.
"The two items which we omitted arc as
follows: Last year ali act of the Legislature
was passed authorizing tho Governor to raise
$l,000,00o Al cash for tho payment of inter
est past duo. Tie amount of bonds aoas not
fnea, dat n,erely Me aggregate Of cash TO Lc
raised. The same povcr aoas given an a biW
passed IN 1860 for the 'relicfof tic trcasu.
ay,' the sum ofmoney to be raised undcr Mts
act being also feed at S1,000,O00 IN CASH"
According, then, to the semi official ad
missions of the Financia! Chronicle:
l. The aggregate debt of tho State is about
Sl2,000,0O0 instead Of So, 100000 as report
cd by Governor Scott last September.
2. The addition Of the SO, 500, 900 of Stor
ling Funding bonds (known to be hypo.heca
ted in New York; swells tho admitted dobt
to Sl5. 100000.
3. While Governor Scott officially reports
that the bonds issued (Aot Of August, 1869
tor the payment of interest Oil tho public debt
and (Act of FEBRUARY, 1862 for the relief of
tho treasury amount to only $2,000,000 it is
positively stated by tho Financial Chronicle
that these bonds amount, at least, to $3,OO0,.
900 or $8,6O0,O00. And Governor Scott is
not tho solitary decever. The Comp
troller' General in his Official reports, and In
his report to tho Taxpayers Convention, gives
the amount of tho Interest bonds and Relief
bonds es being only 100000.
q reference TO tho Act of August, 1868,
"to authorize State loan to pay interest on