The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-11-28
EXAMINING THE BOOKS.
REPORT OF THE CITIZENS TNTESTI-
eating COMMITTEE

| REPORT OF THE Cl1iZENS' nv ESf4-
eating COMMITTEE
They Analyze Treasurer Parker's State
ment and Find 1t Correct-The Where
abouts of the Sterling Bonds-Arrtv-
ing at the ssDem milton Total"
The following is the report of Governor
Orr, the Hon. J. D. Pope, Major Baxter and
hr. Brenizer, who have made an examination
oil the books of the treasurer of the State:
COLUMBIA, S. c., November Is, 1871.
We have been requested by certain citizens
of this State, with the consent of the State OH
| cials, to examine and to ascertain, as lar as
practicable, the condition of the treasurer's
office at Columbia, and from what we could
| learn from such examination, to state the mum.
ber of bonds and certificates of stock printed
under the several acts of the Legislature for
the use of the State; how they have been used,
i and to ascertain as nearly as possible what Is
the present bonded debt Of the State.
To this end we have devoted several days TO
the investigation, and the treasurer has placed
before us his accounts, vouchers ana DOCKS
pertaining to the bonded debt. Its conversion
| from one security into another, and the receipts
OF parties who have from time to time converted
| the same, together with the cancelled stocks
and bonds, representing the new bonds Issued
| therefor, and such bonds and stocks as are still
on hand and not signed for use. All Of these
we have counted carefully and examined crltt-
cally. An account OF them will be made to
appear hereafter.
| In order to make our state ement clear, we
have pursued plan Of our own, and have
| itemized the account so that each separate
matter will appear for itself and show It's own
result. We do not propose 10 given any
L Il 70 ofofa hn
| found them and upon the evidence that was
submitted to us.
| 1t was represented to us that the whole
amount OF bonds and certificates OF STOCK
printed by the American Bank Note Company
| for the State during the present adminlsra-
ton, is in the aggregate s22, 900.
The evidence Of this is, Of course, IN lhe
hands of the American Bank Note Company,
and application has been made 10 them for a
rerifcalion of this statement; but ii the repre-
sentation be untrue, that fact can readily De
established. 1t Is assumed that statement
so easily disproved, II untrue, may be taken as
These appearto us to be accounted for as
| follows:
Sterling Loan bonds printed under -, =,
act 1870. s6, 900 600 oo
Represented to be on deposit with the
| American Bank.Note Company. SO 0oO, 900 90
The following letter has been handed to US
By the treasurer In reference thereto:
| EXECUTIVE DEPARTMENT,
STATE TREASURY OFFICE,
COLUMBIA, S. c. November "a, 1871.
| Gouernor James L. Orr, j. M. Batter, Esq, j.
| d. Pope, Esq, and a. g. Brentzer, Esq:
GENrLEMEN-There are six millions (6,00O,'
900 0O) bonds OF the State of South Carolina,
known and denominated as Sterling bonds, in
the hands of the American Bank-No!e Compa'
| ny, New York. Respectfully,
| (Signed) NILES G. PARKER,
| Stale Treasurer, s. c.
At the request of the committee, Governor
Scott telegraphed to the vice-president OF the
| American Bank-Note Company, and received
the following verifcation Of Treasurer Park
er's statement in regard to this item:
NEW YORK. November Is, 1871.
Governor r. K. Scott:
Six millions sterling bonds are In our pos
session.
(Signed) c. L. vANzANDr, vlce-President.
The following letter, addressed to the
American Bank Note Company by Governor
Scott is inserted as bearing on this Item:
STATE OF SOUTH CAROLINA,
EXECUTIVE DEPARTMENT,
COLUMBIA, November "a, 1871.
c. L. Vdnzdndt, Esq, Vice. President An,ert'
can Bank-Note Company, NeD York: -,
SRI must request that your company W Ill
print no more bonds or certificates Of stock
IOr Tue SldL6 vi SOulu OUEOlud WlIuOuI Oh Va
der from me. My reason for making this re-
quest is, that too often bonds are printed 10
anticipation of some action that Is to be taken,
which are not needed.
learn from the State treasurer that the bal
ance of bonds OF the "sterling loan" for this
State has been printed, amounting to $780,
600, and that they are still In your hands. /
hold all these bonds, amounting to sc. .OO0, 900,
until you receive my order for their delivery.
The original order to deliver them to the
State treasurer consider revoked.
Very respectfully,
(Signed) ROBERT h. SCOTT, Governor
lTEM II.
Bonds printed for the redemption OF
the bills OF the Bank OF the State
under act OF september l6, 1858. 81, $50, 600 90
| Bonds issued for the re.
demption OF the bills
OF the Bank OF the
State, receipts OF hold
ers submitted. 81, 1853 900 90
Bonds on hand not used
and counted by U.s.. 23l, 900 90
.---sl $3.50. 900 90
| 1t Is necessary to remark on this item
that the bills OF the Bank OF the
DESTROYED amount TO- o............. 81, 1874, ,se2 90
Interes: vouchers Observation-Disclosures. 65,742 70
$l,26o,lal 10
Showing discrepancy In favor OF the State
treasurer OF $1l3i 10.
The evidence submitted to us 10 support of
| this item will be found in the following com.
munication
COLUMBIA. S. c., October l6, 1869.
Hon. N. G. Parker, Treasurer State Of South
Carolina
SIR-We, the committee. appointed, in COM
| pany with the omptroller-general, to exam
fne and destroy the bills of the Bank OF the
State, for which bonds have been issued, beg
leave to inform you that they have received,
examined and destroyed said bills to the
amount OF 81, 1892, and examined interest
| vouchers therefor to the amount of s65, 742 10,
up to this date, and find the same correct.
Respectfully,
(Signed) ]. H. RAISEY,
BENZ. A. BosEAoN.
JOSEPH CREWS,
I Committee.
J. L. NEAGLE,
mptroller-General.
ITEM ILL.,
Bonds printed for the
payment OF interest on
| the public debt under
act August 26th, 1885,. $4,000, GOO 90
Bonds burned al theState
treasury as being not