The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-03-13
HoYT 8 CO., Proprietors.
treasurer Cardoza on the Financial Situation.

The CharleStOnCOu9tefP PuoAioneo s>AA~'A
;nr account of a recent interview with the
stste Treasurer, from which we make the fol.
lowing lengthy extract embracing the most
important points developed at the said inter
view:
Renorter. Do YOU think The present Legisla.
+,,rs as extrayapant as that of last year?
The Treasurer. No, do not. The appropri-
ations for the present session for legislative ex-
Ienses ~ amount to S260,0OO; last year they
amounted to $3.50, 1000, of which $3.50, 600 was
for that session, and S230,000 for the dehcien-
c;es of the previous session. The greatest
saving. however, is in the appropriations TOR
printing, but SIZE, 600 having been allowed for
that this year, while &C least three times tnat
amount was appropriated for the year before:
Reporter. What do you think OF the 'oiis
payable o.o, ~. =, =, -, 80. , -, ,o,,ort
the amount of bills payable that remain unpaid
is placed at $2S0,600. By the report OF the
Committee appointed by the General Assembly
the amount is stated 10 be- $3.50, 900. There IS
. clear difference of $4,000; by no means an
;nsignificant item, and moreover there are re-
morris out of bills payable having been issued
m to the time of the report of the Committee.
Reporter. By what authority were these Dilis
issued?
The Treasurer. by auCnorlIy VI tho Aes VI
March 4th, 1872, to make appropriations 10
pay the per diem and mileage OF the member members
of the General Assembly. The Act approprl-
ates Sa3o0OO for that purpose, S10O, 900 for that
session. and Sl30000 for deficiencies for the
enrav;or,s session. But this Act which author
ized the Treasurer to borrow money, contained
q nroyiso that no more than the amount stated
should be borrowed The Treasurer found that
he couldn't borrow the money, so ne took up
the certificates and issued bills payable to the
amount of 100000 @For by his report it ap-
pears that $4,000 of these bills have been
paid. and $3.50, 900 remain still unpaid.
Reporter It appears then that there Is
clear over-issue?
THE Treasurer. Clearly so. The late Treas
nrer certainly had no authority for issuing that
amount II may be claimed that the Joint
Resolution passed at the session of.'7l-'72 au-
thorized him to borrow a sufficient sum OF
money to cancel those pay certificates, but we
contend. and believe the Court will SO decide,
that chat resolution should be taken in connec-
tion with the Act appropriating S2SO,oOo TO
pay the members. -,
Reporter. Do you not think that there will
be the same extravaganza during the present
session?
The Treasurer No, sir; do not. intend
IN keen INV payments as Treasurer strictly with
in the appropriations, and to make no payments
except such as are provided for by appropria-
tion.
THE FINANCIAL AGENT.
Reporter. have seen the report OF the FL
nancial Board, embodying the settlement with
Kimpton. Can you explain that mysterious
.Ioeunneut to me?s own that am somewhat
at a loss to comprehend it, and think the pub
lie are in q similar predicament with regard to
it.
The Treasurer. Well, as you may, perceive,
the report is only declaration of the adjust
ment Of the balance between Klmpton and the
State. Tt is by no means clear document.
Renortar. By that settlement" is it deter
mined that Kimpton owes the State something,
or that the State owes Kimpton a balance
= The Treasurer. Kimpton claims that the.
State owes him balance of 600 for com
missions. This he claims TO De owing TO him
personally. It also owes through him, as he
claims. $3.50, 900, for which he holds as collat-
erals State bonds to the amount OF S2,50O,O00.
OF that amount $2O0,000 in bonds belong to
~ THE AGRICULTURAL COLLEGE.
They were deposited with him BY q board,
consisting of the Governor, Attorney General
and Secretary of State. They were simply de-
posted with him as trust, and he had no right
10 use or pledge them. But under the law au;
thorizing him to hypothecate any bonds OF the
State in his possession he pledged them, and
claims that the money for which they we're
pledged must be paid before they are released;
Reporter. Well, and the College is to submit
to this robbery7
The Treasurer. By no means. i propose to
make eyery effort to recover these Bonds, and
will take legal steps to do SO, if necessary. He
has also $500, 900 of Bonds belonging to the
sinking Funds, and have no doubt, we will
recover them. also $500, 600 of the Blue Ridge
Railroad Bonds are in his possession. They
we're pledged by the Company to the State to
secure the loan of S200, 600 that the State made
to the Company, and which the State gave e the
Company last winter when it gave Sl,SOO,O0o
of Scrip. These Bonds were required TO be
cancelled by that law, and returned TO tne
Treasury. They are now, however, pledged
for loans. I presume the Financial Board will,
of course, demand these Bonds from Mr.. Kimp-
tom. You are, no doubt aware that there are
about So, ,40O, 600 of Blue Ridge Railroad Bonds
IN the Treasury. They were returned to the
Treasury when the Scrip was issued. A portion
= of them are cancelled. q Joint Committee
was appointed at the close of the session TO
cancel the balance, in accordance with the
Law.
TIE BLUE RIDGE SCRIP.
Reporter. Have you an idea as to the ulti-
mate value Of the Blue Ridge Scrip issued m
der the Act passed at the last session.
The Treasurer. Il cannot of course undertake
to say anything on that subject, as the question
Is still before the Courts. Neagle, BY his suit
asking the Supreme Court to issue a Mandamus
reouirinp the Comptroller General to levy the
tax. sought to make himself 8. preferred cred
itor. and it was only this that we resisted. We
are not disposed, and indeed do not intend to
lew the tax before the case is decided in the
Courts. The question of the constitutionality
of the Scrip comes up before the Supreme
Court in April, by appeal from the Circuit
Court.
Reporter. But it is claimed that the bona
fde holders of the Scrip should not be made to
suffer? 81. -.