The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1874-02-12
What Next

What NeXt7
The following letter from State Treasurer
Cardozo produced quite a lively spirit of in
quiry and some little indignation in the Gen
eral Assembly ON Monday last. Everything
seemed calm and serene about money matters,
when Mr. Cardozo suddenly finds "bill pay
able" for $25,000 without Gear marks" This
was bad enough, but that Hardy Solomon,
President of the Government Bank, should
seize all the money in his Bank and refuse to
pay it out, was past belief Take another re-
cess, gentlemen, and consider what shall be
done.
EXECUTIVE DEPARTMENT,
OFFICE STATE TREASURER,
COLUMBIA, S. c., February Z, 1874.
To the Honorable the Senate and House Of Rep-
| resentGtiUes:
GENTLEMEN-Ih have the honor to make the
following communication to your honorable
bodies concerning the "Bills Payable" or
''Treasurer's Notes."
On the 4th and 18th of March, 1872, your
honorable bodies authorized my predecessor,
the Hon. Miles G. Parker, ex-State Treasurer,
to borrow money to pay the legislative certlti,
Gates, and to give his obligation, which would
be binding on the State.
AS no money was borrowed, so far as the
records show, I presume he was unable to do
so. He issued, however, "Bills PAYABLE in
lieu of the Legislative Certificates" taking
from the party who made the exchange q re-
ceipt therefor.
The transaction is therefore one of official
record The receipts or records of the issue
of bills payable state that the number, or let
ter and amount of each, and also what legis-
lative certificates we're received in exchange
for it.
| The official records show that S406, ,S71.07 of
bills payable were issued, and that S17O, 1927
were paid up to October 81, 1872, and that
S238, ,888. 80 were, therefore, outstanding. (See
report of State treasurer for fiscal year ending
October 81, 1872, page 21.) paid in January,
1873, SAC, ,6l9,S5 of bills payable, in accordance
with joint resolution Of January 29, 1873,
leaving balance outstanding of Sl92 2,27495.
(See treasurer's report for fiscal year ending
October 81, 1878, page 2s( The committee
authorized by your honorable bodies by con-
current resolution of January 81, 1873, to reg,
lister the outstanding legislative certificates @ ana
bills payable, report that they registered $3.50,
506. IS of bills payable (See reports and res
olutions of General Assembly, 1928, page
646.)
My attention was called to the fact the com
mittee reported S53, ,2S1 more as outstanding
than was recorded in my Office. On noticing
this difference, I determined that, whenever
should be authorized to pay the bills payable,
J should be governed by the records of my
Office in paying such as were issued in lieu OF
legislative certificates.
There was presented to me on the 5th instant
by the President of the South Carolina Bank
and Trust Company, one bill payable for $685.
600, which is not on record in my office, being
neither lettered nor numbered, and for which
there is no receipt showing that legislative Ger,
tifcate were given in exchange for it; nor is !.
! there any evidence whatever on my records to
! show that the State ever received any consid.
alton from its issue, either in the delivery Of
legislative certificates or in the reception oi
money.
Your honorable bodies have authorized the
payment of the claims of the South Carolina
Bank and Trust Company. In the perform
ance of that duty have discovered this anoma
lous condition of the account of bills payable
| and I deem it Icy duty to communicate the
fact to your honorable bodies that you may
take what action, if any, that you may deem
proper under the circumstances.
deem duty that I owe to the State, as
we'll as to myself, that inasmuch as the treas,
urer made the issue of bills payable in ex-
change for legislative certificates q matter ot
record, carefully taking receipt from each
. party to whom he issued bill payable, num-
bering or lettering it, and stating in the receipt
that the party delivered legislative certificates
in exchange, that should call the attention
of your honorable bodies to the fact that bill
payable has been presented for payment which
has not passed through any one of these forms
IF I nav this claim disregarding the records
of my Office, it would be establishing prece.
dent of the most serious and important ma
ture
There would be 10 guide to direct me in sift'
ing out legal fr5m illegal claims of this or any
, other kind, and there could and would not
then be any limit to these or any other claims
of which have records in my office.
My records state that there are 1892, ,274 Of
this class of claims outstanding but if am
not to be governed by these records then 81 >
100000 of them may be presented for payment
and would be paid if you made an appropria'
ton for them, and ordered them to be paid
without inquiring from the records of their
, legality. ., :,
my duty also to inform your honorable bodies
. that the President of the South Carolina Bank
and Trust Company has attached the moneys
of the State, deposited in his bank, to the
amount of $6S,O00, without any process of law.
and has refused to pay my official Checks and
thus stopped entirely the payment of the cred
itors of the State.
| I have the honor to be, very respectfully
your obedient servant,
F. L. CARDozo,
Treasurer State of South Carolina.