The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1875-02-26
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TroRauEor Qnxdoxol Raunrf.

Hoasa of Ksppressntaliues: Tie BpeSiat
Joint Committees appUintad.s $50 as6er.
tain what bonds Of che 6tats have been
funded lupdeS the. Act tp,4bdune the
volume OF the public debt and provide
for the payment of the snme; " hat In
terest coupons have been funded under
the said Act; and, also, whether' the
funds, for the payment 'of ''interes t,
raised under the said Act. have been
kept Hepsrate and apart from afl other
funds, as provided for In the said Act,
and as otherwise provided by law"
beg leave respectfully to report:
That the committee met in the State
Capitol imme ediately after their ap-
p0intment, and proceeded at once to
the performance OF their duties. The
COMMITTEES examined the books and
T6dSfd5 used at the treasury in con-
nection With the funding operations.
The. COMMITTEE also examined, az far
as practicable within the time allowed
them, the bonds surrendered for fund
ing and the coupons attached to said
bonds. The committee also examined
the whole OF the detached coupons
surrendered for funding without any
bonds acc0mpanying them. Tie com.
mittee also examined the bank books
and other books in the State Treasury
connected with the receipt, deposit
and payment of the funds raised Under
the funding ACT for the payment OF
the interest on the public debt. The
committee also examined the State
Treasurer and other witnesses in re-
ference to. such POINTS aa seemed to
them necessary for. o proper under
standing of the several matters under
investigations; and the result CT their
examinations the committee propose to
state to your honorable bodies as
briefly and directly as possible.
AsTo THE FUNDED Bonds. 4 The com.
miteee find that there have been sur
rendered and received at the treasury,
for the purpose of funding, the fol.
lowing bonds and certificates OF stock,
to wit: Revolutionary war claims
stock, A6t 1794. $4,000; fire loan
stock, Aet1794, BIS. 624: 80; Blue Ridge
Railroad bonds, Act 1854, redeemable
1875. @i6. Coo; 1876. S17. 600; 1877,
5000; 1878. 5000; 1879. 81, 900.
State Capitol bonds, Act 1856. re-
deemable' 1881. SIS, ,000. State Capitol
stock. Act 1855, redeemable 1877,
$22, ,843; 1867.t18S8, S25, ole, ,97; 1852
1883. S28. 805; 1858-l885, $l2,O75;
1859-1887; 50. $40; 1859-l8S9, Sl9,-
238.64; 1S61-l882; $5. .O72 so; 1861
1883. S14, ,440; '1S83N1s96, $3.50.
Fnnding stock, Act 1865. redeemable
1887. $5.450. Funding bonds, Act
1868. redeemable 1887, $S8, 500; 1866
1897, $l20, 900. Redemption bills re-
0eiSabfe bonds, Act 1868, redeemabIe
1883. $le7.000: Payment" iatereat
5pnblio debt ;bond9. Act 1868, redeema-l
BILE 1883. $3.50. 600. Funding bills
Bank OF Che State bonds, Act 1868. re-
deemable', 1883, 9181 $50. Relief of
the Treasury bonds, Act 1869, redeem
able 1883, S523. 600. Conversion
bonds. Act 1869, redeemable 1883,
S4l1.0OO. Land commission bonds,
Act 1869. redeemable 1883, $1,000:
l870-1999, $l99.O00 Total So. 473.-
or the bonds above enumerated,
$40. 800 OF the funding bonds. SIS. 900
OF the redemption bills receivable
bonds. S257. 600 of payment interest
public debt bonds, $48l 900 Of the re-
lief OF the treasury bonds. $1,000 of
the Land Commission bonds of 1869,
and $83, 900 of the Land Commission
bonds of 1870, ore portions of the
bonds which were reported by the
Special Joint Committee appointed
''tO ascertain what bonds of the State
were pledged by the Financial Agent
of the STATIC" as having been pledged
without lawful authority" ,"and which
the Sern'', by unanimous vote, on
the 4th instant, resolved, az the sense
Of the Senate. "should not be funded
under the Act to reduce the volume of
the public debt" Thnt is to say, OF
the 80, 473. 384 90 Of bonds funded up
to the present time, 3978, 500 Of them
belong to class which, in the united
Judgment of the Senate, should not
have been funded at ALL
AS TO THE FUNDED CoUPoN BONDS.
The committee fnd that there have
been surrendered aud received at the
treasury. for the purpose OF funding,
the following coupons ahd interest
orders. TO-, wit:
Conponsla1d interest orders attached
to the above enumerated bouds aud
certificates Of stock, S403, 975. Cou,
pong detached from Blue Ridge Rail
road b9nds1Jappary, 1858. $40; July,
1868, $3.50; January, 1869, $40; July,
1859, $5lO; January, 1870. $3.50; July,
1870. $780, January. 1871, 81. $50;
July. 1871. $l4. 100: January, 1872
1873 and ,1874, $22, ,20O-347. 800. Cou.