The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-14

tNHO Fsf ls7' = }flf'auzaussS'
4 fIT a - - : -
BY E. B. MURRAY &
~
seie:s shs volume s ss,ss stt,,iias t,,;,i AMI
provide for the payment cf .ho saise. Eve
OF these bonds for 81 900 each. nnmheys
l2S, l2l 70! ,2ssSSss sSs "a aid 2iG. have been eT.
changed for certificates of stock No. $40
xor -, ,SQDs ASSenty tlIree gdf them for
$l,Ou0 each, numbers ~. 7S. lao IAA to
10, i62, 205, 90065.t0 300; ai6sto2s0. $50
Z63, 269. 2S8 and 2S9, ,hsyebeen eychanged
for certificate of etocI, No. 855 for 928 DO
and the certificate of stock imned;sfsiy
exchanged for bonds Nos. 1856 20 34T7
ior q 600 each. "A large number of Ger.
tifcates of stock have been EXCHANGED for
bonds, and u considerable number Of Ger.
sihcates Of stock, 'kFye g5een Transferred
and surrendered at the treasury and new
certificates of stock iasned in their s,ead.
! The entire amount OF consolidation
bonds and certificates OF stock issued and
now outstanding is as tolIows: t'i
3,547 bonds for 81 900 each. ..$3. .647 .O0O On
.zi6 bonds for $500 each. 2 3608.O0O 90
70 certificates Of stock for : II,
~ q Sd,SN,9ss ,ooo saeh.@.;. $4,000 90
j; $500 each: + =: 5000 90
437 certificates. of stock OF
miscellaneous denomina- 80.
., tions;. l5s.54s ss
III exchange and transfer
certificates of stock ofmis.
Sellaneou: denominations 5l,74l o5
Total amount of bonds and ~ -
certificates of stock OUT +ai.sbs
standing. $4,396. $50 Al
The amount of mature. coupons on
the outstanding consolidation bonds ia
| S249, 800, being for January i, 1877. and
July l, 1877--the commission regarrdino.
all coupons maturing at previous dates
as constituting part of the floating in.
debtedness of the State; and the amount
Of matured interest on the consolidation
certificates Of stQck is $26, ,920.57.
A schedule Of ontatapaing consolids-
ton bonds and certificates OF stock. des.
ignated as Schedule No. 2, ia hereunto
annexed and madeh part of this report
As this SUM of S5,c {, S,290.4I represents
the actual amount Of consolidation bonds
and certificates of stock Issued in lex
change. for old bonds, coupons, eertifi-
Gates of stock and interest at The rate of
fifty per centum of the face value of the
latter, the entire amount of the latter in
the treasury as vouchers should be &8,792,.
$685.. The investigation Of the commits
sion shows the actual amount of vouchers
to be $8,792,779.
Amount of all classes OF bonds. sc, ,261 $50
4 AMOUNT 8 Of attafhsd CO gonsv, 873,17l
ATnoaht oftd6tached q u Jons... ! y603,5D0
Total amount of be lds and ~.
esSVaS Of these sS7a577S Of yonsSsrs: tbs
commission find that $4,793,63S were
ISSUED in accordance with law and au-
th6rized to be consolidated 10y the act
above recited." They consist of the fol-
lowing vouchers issued in accordance
with law and authorized to be consolida-
ted by the act:
Amount Of all classes of bonds. 80, ,24s, $40
AiaoGnt Of attached coupons. 435,75S
Amount of detached coupons. 56,569
Total amount OF bonds and
TSs remaining ssSi4s a. sSsss sss
waso vGnsss aps in ths no g%sG Of the
with Law and authorized to he consolida.
ted hy the act sbege recited.v4 They cen.
sist of the following vouchers not Issued
in accordance with law aud authorized, to
be consolidated by the act: ;"
Amount of all classes of bonds. SO, ,O14.7lO
Amount of attached coupons. 437,415
Amount of detached coupons. 64?.n12l
Total aInnunE Of hecds and
stocks Sc, ,999d4S
The grounds on which. the commission
adjndge part of theae &c, ,999, ,146 of vouch-
ers to be not an ;horized to be consolidated
by the act above recited are respectfully
submitted as follows: 't.E
l., AS to detached coupons from relief
of, the treasury bonds, numbers TT to
ell3, ell3 $40 to g.! to sos and 9a3 to 985.
amounting to $9,1ak.
EetReeh March l6, 1859 9sAnd taFsyil q,
1869, inelusive, thel StatA Trezsuser
charged the Finaneiat IA geha vi y, steIiAf |
of the treasury bonds amounting to
$1,000, ,0D6,, 9nd .Gnder date Of October
81, 1871, the State Treasurer credited the
F;nancial Agent with 0lsrelies of treas
ury bonds nGmbefeu as above, for 81 ,009
each, amounting to $1Oi 900, "they never |
having been Issued as 8 chassss sfsAl as as !
the State;;" and in recognition Of this |
fact these S10l GOO Of relief OF tile tFsSa.i
ury sbondsS were not included amongst
those authorized TO be consolidate 2Hti
thelacts above recited" ~ ~ ~
tAssuredly, as the bonds were never is
sized as q charge against the State, the
coupons on them could never have be- |
tolne gaarge against the State, and |
thefe wasilo authority for 6tiSoli dstiIfs
them under the act.
As to- detached coupons from coin |
version bonds, nuInhera g 2zy1, !, TO, r88.469;
3,474 and 3,476 to 3,496, s'amopptipg 70
s9,e90.s r.,4,- - ~
Under the act to provide for the 'cj1sd
version 0f State securities, it was H. unii-
fosln praetics in the treasury, on the
sifrsendeH of any coupon bonds of the
State, to issue in lien &heEe5f 5fyeerfiE iEcats5 |
Of sfoeloS like amount, and on the sur
render Of the certificates of Gt6cE to- iEylb |
in lien thereof coupon bonds Of like
the coupons already matpred on
the latter bonds belSg led SeSrof1 {
them and attached TO the certificates OF
stock AND fled away as vouchers. ! The |
conversion bonds inquestiotnR Rere.issaed
between November 16, IiS71,l and ;May,I
II, 1879, incllsisc. The coupon honda
eurrendeTen for certificates, pe stock in ]
the ss.nssAlinna IL s..ss.!Sl s s. Asi1 .s.1 4
away as vouchers in the treasury, With all
the coupene which ;natured previous to |
sheir surrender taken off; the certificates
Sf atpok ssSI;ed in lieu of,theAe bonds
sore only from the date of the |