The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-11-29
%ss sCoLUABA MORNING NOVEMBER g. 1871

EMBER 2G, 1871.
T.! Governor soo,t,. Annual Message.
II ExEoUTIvE DEPARTMENT,
IL. 20 5CoLUMBIA, November %. 1871.
0enflen:en of The Senate and House Of Rep
ys You have assembled for the fourth
time aince the establishment Of system
E9i free gSTsrn1,s1t II South Carolina.
If0rsnapt. 10 the Constitution, it is the
duty OF Me Governor to s,giye TO the
General Assembly information of the
condition Of the State, and recommend
70 their consideration such measures as
he snail Judge necessary or expedient,"
The present financial condition Of the
State especially demands rigid and un-
shrinking compliance with this constitu-
tIonal requirement., in order that the
General Assembly and every department
OF the State Government may unite in a
common effort to correct such evils as
are remediable. and prevent their recur-
renee. In this, the last annual message
that shall transmit to the General AS
sembiy. propose to state my views
frankly upon the chief matters Of public
interest, and to give all the facts within
my knowledge, without reserve, as
alike due to the people and imposed
BY my official obligation. will thus, 7
trust. be enabled to correct gross exag-
gerations that are being diligently circa-
lated In reference to our finances, and
the entire administration of the State.
| In performing this duty. I shall not
shrink from charging upon others any
inst share Of their responsibility for
evil consequences OF their acts, and will
not hesitate fully to adult my own.
THE STATE DEBT.
| The following is the Treasurer's ex-
hibit of the actual debt of the State. I
know. from severe personal SCRUTINY.
that this exhibit is full and correct. It
shows the present debt of the State in
its entirety. suppressing nothing:
Statement of total amount of bonds
and stocks printed by the American Bank
Note Company, and accounted for-5OO
bonds redemption bills receivable. at
~, 600, $500. 600; 1900 bonds payment
interest public debt, at !, 900. 2, 900, 600:
1000 bonds relief of the Treasury. at
1000. 1000, ,000-$3, 500. 900. 700 bonds
Land Commission, at $1,000, 500. 900;
quo bonds redemption bills Bank of
State, at 900. 800, 900; 1900 bonds re-
demption bills Bank of State, at 500,
700, 900; 300 bonds redemption bills
Bank OF State. at so, 10000; 5, 500 bonds
conversion State securities, at 1000,
3,ooo.00O; 1000 bonds conversion State
securities, at 1000, 100000 1900
bonds conversion State securities. at bOO
600, 900; 1000 bonds conversion State
securities. at 100, 100, 900; sterling loan.
+, OO0. 900; certificates conversion stock
1850. C00-$22, ,54O, 900.
Accounted for as follows: On hand in
State Treasury-Bonds con version State
securities, not signed, $473, 500; bonds
rellef OF Treasury. (7 perl 1O1, 900;
bonds payment interest public debt,
$1,000; bonds redemption bills Bank OF
State, 331 900; stock conversion State
| securities, 2.117, ,300-$3, ,OY2, 800. De-
posted for safe-keeping with American
Bank Note Cempsny-Sterling loan.
Sc. 600. 600. Bonds cancelled and de.
stroyed-500 bonds, payment interest on
public debt, burned in State House.
S5OD, 600; 600 bonds conversion State
securities, erroneously printed. returned
and cancelled by American Bank Note
Company, 500, 900; conversion bonds is-
sned In .eHectlng conversions at State
treasury, 1.250. 500; conversion bond,
No. 52O, cancelled and destroyed at State
Treasury, 1000; bonds redemption bills
Bank of State, issued at State Treasury.
l,259. 600; conversion stock, ISSUED, can.
celled and transferred at State Treasury,
49,. 7O0-S13, ,026, 900. Which deducted
from the total of amount Of bonds and
stocks printed $22, $40, OOO-leayes So
Statement of De6t.-Old debt, Sc, $685..
908. SO; less old bonds, paid July /, 1871.
212. .OO0-$6. asa, 908. 98. New bonds
$9. 6l4, 900; less in hands of Financial
Agent, to the credit of Sinking Fund
Commission, 200, ,00O-S9, ,314, 600. New
bonds, in hands of Financial Agent, now
in uee ae collateral security for loans,
S3.773,000 Amount of new bonds sold,
$5, ,541 900; old debt, as above, 6.453..
908. 98-s11, 994, ,908. 08.
The facts and data upon which the
foregoing statement, which has been ex-
amined and approved by the Financial
Board, ls based. are open to the inspeo-
ton OF the public, both at the State
treasury and at the Financial Agency,
In New York. The Financial Board re.
port that "the bonds have all been
issued and used under the authority of
the Act Of August 26, 1868, entitled AN
Act to authorize a loan to redeem the
obligations known as bills receivable of
the State of South Carolina the Aot of
August 26, 1868. entitled AN Act to au.
thorize loan to pay the interest on the
public debit the Act Of February II,
1869, entitled AN Act to authorize loan
for the relief OF the Treasury the Act OF
March 27, 1869, entitled An Act to pro-
vide for the appointment of Land
Commissioner, and to define his powers
and dnties;' the ACT of March ], 1870,
entitled 'An Act to amend an Act emit
tied An Act to provide for the appoint
mont of Land Commissioner, and to
define his powers and duties, and for
other purposes therein mentioned;' the
Act OF March %, 1869. entitled AN Act