The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-12-06
e0v3 scOTTs ANNUAL MESSAGE
sSn ExEcUrIvE DEPARTMENT, .

= GOV. .SC0TTS ANNUAL MESSAdE
HS9 1'TH" ExEcUTIvE DEPARTMENT,
COLUMBIA, November rs, 1871.
- Genllem,an Of the Senate and House Q
Representatives
lon hase eassem bled for the fourtl
tins Since fhe establishment of a sys
TEN Of free government in Soutf
Carolina. Pursuant to the Constitu
tion, it is the duty of the Governor t.
isgi7e to~thesGeneral Assembly infor
matioaFdf tie condition Of the State
ma recommend to their considera
aion such measures as be shall judg'
necessary or expedient." The pres
ssent financial condition of the Stat'
z especially demands the rigid and un
shrinking compliance with this con
.stitutional requirement, in order tha
sAhe General Assembly and every de
: rpartment of the State Government
may unite in q common effort to cor
rect such evils as are remediable, ane
prevent their recurrence. In this, the
last annuatmessage that I shall trans
unit to tue General Assembly, 1 pro
pose to state my views frankly upor
the chief matters Of public interest
and t0 give all The facts within my
Z kn6wiedgo, without reserve, as like
due TO the people and imposed BY my
-Soffcial obligation. | will thus, trust
TSbe enabled to correct gross exaggera,
.h:tionss that are being diligently circu.
lated in reference to our finances, and
=. ..xhe entire administration Of the State
= n Insperforming this duty, 1 shall not
.slTiak from4eharging upon others any
first share of their responsibility for
eyls Consequences of. their acts, and
winsnot hesitate; fully to admit my
s:sown. aa,.if :%a .',-
.r'&k soc2qHEe STATE DEBT.
e~1 Tie following is the Trcasurcr's cx-
hibit Of the actual debt of the State.
I know. from severe personal scruti-
ny, that this, exhibit is full and cor
rsctS III SHOWS the present debt of
ths SmtSias its entirety, suppressing
Hahisg AL W
4 Stat mcnt of total amount of bonds
and stocks printed by the American
Bank Note Company, and accounted
fDr=s5eoz bonds redemption bills re-
eeivable. at $1,000, $500, 900; 1000
bonds payment interest public debt,
at 81, 1000 100000; 1000 bonds re-
lief of ahe Treasury, at 81 900, 1900.
O00-$3,500000, 700 bonds Land
Com mission, at $1,000, 100000; 500
bonds redemption bills Bank Of State,
ut 1000, 100000; 1900 bonds redcmp-
ton bills,Bapk, of State, at 500, $780,
600; 800 bonds redemption bills Bank
OF State, at so, 10000: $500 bonds
conversion State securities, Mt 1000,
3,599,0O8 1000 bonds conversion State
securities, Of 1000 400 100000; 1,2Oo
bonds conversion State securities at
$500, coo, 600; 1,0o0 bonds conversion
State securities, at 100, 100000; ster-
ling foa1,T D0o, ,090; certificates con-
version steck, II 800, 200 -$22,540 900.
Accounted for as follows: On hand
in State Treasury-Bonds conversion
State securities, not signed, $473,50O !;
.BdsdSsciofS Sof Treasury, g PERI ct.
100000; bonds payment interest pub
lie sde6E $4,000 bonds redemption
bills Bank of State, 1000; stock
co4vesiol State securities, 2,ll7,30o
% ,G2, 500 ! Deposited for safe
.Mepihg with American Bank Note
Company-Sterling loan, s6,O0O,O0o.
Bonds can. ei.ed and dcstroycd-50e
bonds, payment interest on public
debt Burned IN tho State House,
5000 p9Q 500 bonds conversion State
securities, crroneously printed, re-
sisrnhd and cancelled by American
Bank Note Company, 100000; con-
version bonds issued in effecting con-
versions at State Treasury, 1850, 500;
conversion bond, No. $40, cancelled
san4. destroyed at State Treasury,
1000; bonds redemption bills Bank OF
sState, Issued AT State Treasury,
l,259,00o; conversion stock, issued,
>Seeanceiled, and transferred at Treas
urg, s432,70e-sl3, ,02s,ce0. (which
deatucted from the total Of amount OF
Ionds and stocks priuted-$22, ,45O, 900
leaves s9,514,o0o,]
Sidiement of De6t.-Old debt, Sc G65
9Oa.a8; Iss oldp bonds, paid July, l.
as7LE 2I2, ,0OO-G,453, ,90s.99. New
bonds, S9,514,000; less in hands Of
Financial Agent, to the credit OF
Sinking Fund Commission, 100000
SgsT40Dg gEew bonds, in hands Of
Tinadtfaf Agent, now in use as collat
esasgseearity for loans, s3,773,000
Amount of new bondssold, 5,54l ,O0O
Gid debt as above, 6,453, ,908:99-
sll,994, 999.9s.
Tho facts and data upon which the
foregoing statement, which has been
eSahnna and approved by the Finan
dAlSBoafd;is based, are. open to the
EsslesSionof the publics both at the
Stale Treasury and at the Financial
Agencyin, New York. The :Finan
cial Board report that "the bonds
hsse stkbecpissued, and used undel
hesSnth6rity ofgthe Act Of August
26,sfS68, entitled tsAn Act to author
ize loan to redeem the obligations
known as bills receivable Of the State
etssopthY Garolina;' the Act Of Au
sRst26, 1858, entitled can Act to au
;thorize loan to pay the interest on
the public debt;;' the Act of Februa
.ry II, 1869, entitled AN Act to au
thorize n loan for the relief of the
Treasury, the Act of March 81, 1869
entjtled 'An Act to provide for, the
appointment Of Land Commission
.er,<npd TO. define. his powers and du
tissS the Act Of March !, 1870, enti
tied sXn Act to Amend an Act enti