The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1873-10-21

Railroad umounipj IN II Onn MN pr ~;
sum S34 600 have hnnn co,,,.n,,'.J al .'
cplled oud couv.r.io,, honds -, -
and 5000 OoO are royv n,t.,o,,I;,,, :" - te,,
original form iTnl;tn ,bs homd, "a ~ 'a,e.
previously meutionnI M nr,,,i,;o,, 10 ,,'oS
mado by pedge Of rho f,i,h r 81, iI.,' r,In ,t
Stnte. or orherwise for ,ho ,..', " .i .,'o
princjpnI or intar.st NJ ,lo"o - VI ''''
The bonds and stocts or;r;,.u,. ;
under ,ho oc,s or Snn,on,h. I "y ~ 'Ssueu
lS66. for Ci,ndny tic Intaros, o''d e'. -
certain bond. md sto,L. ons, d.. 'o'paa VI
81. l66 2s7 35 as cnllow. '' "es 's"'o
Bands mata,in.. ~ in isS, '''''''...'' f3o9o0o 90
Stock mu,urins in issf '''''''' ItaSS1 1taS1 %. o
N,-.- -
'''''''''.............. tl.lG6.:S7 81
Inc total amount converted was Sl5G,-
o'3.fl, as follows
Bonds maturing In 1857 lssI........... 3Is 600 oo
SIN "'' ,a,mfig IN i-9...'.......... -. 46,200 W
" '''''''''''' .'' oo'o'" ~
Total, Observation-Disclosures. .els667s Al
Tho total halanoa on,sto"I;., :. ii 900.
6l%.9i, as follows:
Bonds maturing In lss7 ...... aI6a4O0 90
nnndS maturing In iS. ............... AGA, 500 w
''''A '''''"''''S !" .'.''...'.'. VsiS %
Total al............ Al oo9 GlB pI
These two or,s ou,hori,oI ,h, r,rii,o ~,
tti hnnhs
nnd s,ocks IN Tho is, Jrl,, isc7 an,s,,, 10
S9G9, o96 A and olso the cnnJnJ Of Ihe
priuciDal of tl,. bonds or 1870 IN oid tLo pl,,a
Ridge Railroad due in lsG5 ,,no,,,,,i,., -
1910. 900; MISC balance of certain sto,r
amounting to S3.7O54G makinr n ,n,sI
amount fundable of sI oso sOI 90 ,ot,i
funded, Sll08 2S795 balance no, vot
rtirdod, SllG,5l4 So additional amounts paid
In 10y parties to make even sums Of SlO0, or
so, S53i.l7; less fractional amounts rolin.
quishcd by stockholders. S2gs 90 balance
lundable SllGT5l,63
The bonds originally issued under the act
OF August PC. 1868. TO redeem the Obligations
known ny the bills receivable Of tie State
amount To $500, 900. These bills were. issurd
under an act OF December. 1865. The amount
rcdeemable under the net Of 1868, was $500
600 OF this sum S29S, 7O2 we're redeemed by
ex-Treusurer Parker, and Ss2 haYo been re-
deemed by the present treasurer, as cash on
account Of taxes there il, therefore. a balance
outstanding of Sl,2lG
II appears, by tho reports Of the financial
agent that those bonds were sold for
10 cents on the dollar, realizing $3.50. 900.
The total amount OF bills redeemed by the pro.
vious administration was, as boloro stated.
S298, TO2 thcro ought, therefore. 10 have
been balance OF cash To the credit of this
account on the 3Oth OF November, 1872, of
SOL, ,29s.
In comparing the aggregate reccints md eY
penditures of the last administration, this
amount is accounted for in the expenditure for
general purposes, stll found it impossible to
ascertain tho object Of expenditure 10
which il was actunily opplicd
Under tho act OF August 20. 1868, TO all.
ihorize loan TO pay interest upon the public
debt, the American Bank Note Company
printed 81, 600, 900 in two issues The first
issue amounted to 81 1000, 900. On account of
some alleged omission, they were not consid-
cred as saleablc as were other bonds OF the
State. II was, therefore, determined to pre-
pare second issue Of $l,ooO,000, and
TO retire and cancel tho first issue OF
said issue 100000 wcro retired and dc.
strcyUd by burning, as appears by tho
certificate OF five OF the officers of the exc
cutive department. $4,000 were can.
cellcd and arc OH file in the treasury $500.