Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-05-19
Adopted.

Adopted 5$s1sS
Also, reported on resolution to appoint
committee Of five to prepare truthful state.
mcnt Of tho condition OF the State now, aud
since tho war:
The Executive Committee, to whom was
referred resolution to appointa committee
Of five to prepare report of the condition
OF the State now and siuce tho war, beg leave
to report, that they have considered the same.
and recommend that the committee be raised
for tha purpose, and that tho following gen
tie hen compose tho same: viz Nlessrs. a..
p Aldrich. Arnstead Burt, j. L. Manning,
NJ. G. Butler, w. d. Porter.
Adopted.
Mr.. Trenholm from the Committee of Elov-
en- submitted the following report OH finances
of the State, and which was with the rcsolu-
tions adopted:
The Committee Of Eleven to whom WIS
referred the resolutions regarding the tinan-
ce, of the State, report as follows: This res.
olution having been published in the ncwspa-
pers before the assembling of tho Convention,
your committee were promptly nppriscd BY
his Excellcncy the Governor, aud BY the 9TH
or State functionaries referred to, of their
readiness to furnish the required information
Tue GomFtrollcr-G cneral furnished to the
Convention themselves printed "statcuient
of the funded debt of the State of South
Carolina and information relative thereto"
In this statement, the total funded debt Of
the State" is set down as tffa fBum Of ST.,
655,903.93. TO the sum of tho funded debt.
viz. S7,665, ,00S 90, must be added in order
to exhibit thesun total of the debt of the State,
the cash advanced to the Treasury by the
Financial Agent. This is set down by Mr.
4.
also the further sum of 400 600, for bonds
sold by Kimpton since the date Of tho Comp
troll,r's report, viz. : making agraud total of
debt OF So s65, ,9OS SO.
The sum total of bonds remaining unsold in
the hands of the agent as already shown by
! the Comptrollcr's statement, was 50 200 900.
From this amount, must be now deducted the
amount sold as above stated, $l00, 900, leav-
ing Sl,SO0,00O. This amount OF bonds,
namely sl,S00000 is pledged for tho secui.
ty Of the 100000 of cash advanced by the
agent.
In view Of this condition of the finances Of
the State, your committee would respectfully
make the following recommendation, viz. l.
That his Excclency the Governor DC respect
fully requested to confer with the financial
agcut (who is now in Columbia, and to tec.
graph 10 NC" A"rk not 10 sell any more ponds
OF tue State at less than oo per cent:
q 1hat his hxce''cncy DC respectfully re-
qussted to proceed to New Aork,and to make
the most ccohomlcal arrangement poSslblc loi
holding this 81 ,ooo'ooo OF oonds' until the
above limit OF 50 per cent becomes uttaina-
| bic.
At ~ per cent 81 'oo 'o0VoUV @ OF ponds VIII
discharge the deht OF Sooo,ouU duc TO the
l n -
hn'"c.l agent IN" release soo,ooo OF the
hypothechted bonds. ms sum OF bonds your
,u,,y suggested TO the 1oTcrnoSNto use In the
following manncr
he Mount OF .u"aAu dont aow p'yao'c'
AID tIat approaching maturity combined is
Ere loan bonds bar'ns loan sado'oVo OoU
Fire loan stock ~ 3i'1 nm. llln
Amount over due S744 Que
State House bonds to mature on the
18th OF July, 1871 $3.50, 600
ooa 9onr our committee recommend that the 81,
SUI, ,o0O OF surplus bonds above referred to-
as soon as they may be relieved from hypoth-
ecat,on' be applied to the satisfaction in part
OF the above debt OF sool,00O. The S744,.
wv OF over due bonds constitute so much Of
tie fire loan debt for which the captal of the