The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-07-25

ouiC1 SaIuoAOs aIte( us Eeturn from NEW
York, and elected from him the follow.
ing statements:
l nave nothing to d.. whatevar with
any speculation in State securities, and
my recent trip to Nsw York was purely
on account Of my own private affairs.
had some private matters to look after,
principally in Washington. and after
had finished that. I ran on aud spent
few days in New York.
Tho State's credit is entirely ,one, AMI
the bonds are as flat as can be. 1t would
be fools errand for myself Or any one
else to go to New York to raise money
on account Of the State. I do not think
there are any sales of our bonds at all.
No one comes to buy them, oven at the
low figures at which they are quoted,
aud the holders are simply keeping them
IN the hope that something may turn up
by Which they may be able TO realize
something for them.
There has been no business done be.
tween Mr.. Kimpton and myself. I have
neither paid him nor received from him
Rany money at all; and 30 far as my admi.
Illustration is concerned. he has had no.
thing to do with the finances Of the State.
He has no bonds of the State, or, a.
least, claims to has none
The bonds purchased on account OF
the sinking fund, Agricultural College
scrip. and the S600,0U0 of the bonds OF
the Blue Ridge Railroad, every one OF
them was hypothecated for loans made
in Parker's term, and the whole Of the
S191 600 in the bonds of the State, in
which the agricultural land scrip, or ra.
ther the proceeds from the sale OF it,
was invested, together with the 5000, 900
OF bonds purchased with the proceeds Of
the sales of the assets OF the State by the
Sinking Fund Commission, are total
loss to the State, unless the officials who
illegally disposed Of them can be held
personally responsible.
L notice in the New York papers that
the January and July bonds are quoted
at Is, and the April and October bonds
at 22(923. I have been struck with this
seemingly unreasonable disparity, and I
cannot account for it, except upon the
suppostion that by January aud July
bonds are really meant the conversion
bonds. All of the latter have interest
payable in January and July. But all
January and July bonds are not convcr.
sion bonds: for there are, I know, the
first $500, 900 Of land commission bonds,
the bonds issued for funding the bills of
the Bank OF the State, and perhaps some
others OF the new bonds, the interest of
which is also payable in January and
July.
l know there have been great many
complaints, and great many rnisrepre-
sentations, too, made about my failure
10 pay claims presented here. T am
anxious, and shall always be. to lay be-
lore the people every transaction of this
otflce so long as / am Treasurer 1t is
very easy to account for the want Of
money in the Treasury, for, to speak in
round numbers, I am called upon to pay
-. 500. 600 of claims against the State
with but little over half that amount
in the Treasury to do it with. Here are
the ltcmlzed appropriations for the cur
rent fiscal year:
General appropriation bill. $3.50, SIC;
Henry Ware Son, ST., 600; claims
under Governors proclamation, $50 900;
lands in Darlington. $4,000; building
State Orphan Asylum. $4,000; legisla-
tive expenses, 1872 and 1873, S75. 600;
permanent printing, 1871 and 1872,
$3.50, 900; publishing Acts. 375. 900; le-
glslative expenses, 1870, 1871 and 1872.
$25, 600; Legislative expenses, 1872 and
1873, Sl35. 900; ;current printing, $50. 900;
0tuuS up lOube OI representatives,
$59, 900; total, 81, ,727.476,
The total represents the appropria.
tions merely for the current fiscal year.
Besides this, there was deficiency aris
ing from the non-payment OF the actual
appropriations OF last year, amounting
to S6Si 1856. The aggregate. ther efore,
of the appropriations which was called
upon to pay was within fraction Of
81. 500, 900. or. in other words, Sl,727,-
47G and S69l 1896. TO raise this amount
tax Of twelve mills was levied, which
any one cen seU is totally inadequate
upon n tnxable basis OF $3.50, 900, 600,
which is an extreme figure to be relied
upon rs the property Of the State rs at
present assessed. My receipts have
been, so far. as follows
Received from y. q. Parker, cx. .Trca-
surer, Sl94; received from taxes, 81, ,606,-
465.S S3; received from licenses, 3ll,-
S09.G3; received from fees of Office Sec
rotary OF State, 5000 36; received from
foes OF office Comptroller. G eneral,
81, 100; received from refund of over
payment. SS.lS2 1G; received from
Charleston Joint Stock Company, 81, 900;
received from sale Of books and mate
rials, SIS. 15; total receipts, 81 ,636, 927.13.
OF the amount stated US received from
taxes. 81, 500, l2 81 are from the taxes