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

auneatia1l

week iszl1aa nf fiiEilfinr intersi 5siiIt;
and aaal, s.nlel lsa.e FROG. a, 80. end also.
tive isstes Of bonds for sise payment Of To-
teress on the public debt each numbered
FROM to GOO, yet In the memorandum Of
.ae botds pledged BY che Financial Agent
particnI,s issue to which the pledged bonds
css .sI7.s two elasss<.. respectively belonged,
is ms stated.
The commission have Therefore Included
sU,h bonds Of botb is,nes, as bear She num-
Lens Of the pledged bonds and have been
consolidated under the act, amongst the
vouchers not Issued in accordance with law,
leaving to those who hold consolidation
bonds and certificates of stock which were
Issued for euch Of them as had not been
pledged, TO establish the fact in such man.
ner as your honorable bodies may provide.
In conclusion, the commission submit
two schedules hereto annexed and made
parts Of this report; one Of them distin-
guished as schedule No. 8. containing the
numbers and denominations Of the consoli-
dation bonds and certificates of stock issued
in exchange for and in lieu of bonds, cou-
pors, certificates Of stock and interest or
ders which, in the judgment OF the commits
aion, were "issued in accordance with law,
and authorized TO be consolidated by the
act;" the other Of them, distinguished as
schedule No. Q, containing the numbers and
denominations of the consolidation. bonds
and certificates of stock Issued in exchange
for and in lieu Of bonds, coupons, certiG-
Gates OF stock and interest orders which, in
the judgment of the commission, we're not
sissiied in accordance with law, snd author
lied TO be consolidated by the act" and
showing what class or CLASSES Of questiona-
BILE validity entered into the consideration
for which such consolidation bonds and GER
tifcates Gf stock were issued.
It will be observed that .he amount of
consolidation bonds and certificates Of stoc.
issued for vouchers, which in the judgment
of the commission, were not issued in &C.
cordance with law and authorized to be
consolidated by tie act, is much more than
90 per centnm on the face value Of such
vouchers. The excess grows out Of the
fact, that such vouchers rarely constituted
the whole cf surrender. In most cases
vouchers Of unqaoI.:onsble validity were
funded with them, and consequently the
consolidation bonds and certificates Of stock
which arc affected by invalid vouchers are
affected by them Only in part. BY reference
70 schedule No. @ it viii be seen that the
numbers of the bonds and certificates Of
stock are placed In the margin. BY follow
( ing the ruling from any number to the
right, one or more cross marks Ky will be
.Aout'N5 S-4Si obNisuihS y-SSoSA - Scptuiu thnt
gives the class OF the vouchers that enters
INTO TINT number as the disabling par. Of
tae securities surrendered for the bond CT
certificate OF stock in question. It is not in
tended, however, TO indicate by this table
the extent of the disability, but simply the
class or classes of tho vouehers on which
these bonds and certificates of stock rest in
whole or In part. While some OF thehe
bonds ana ceFtihcatea OF. I.stock rest wholly
upon Invalid youchera, IT should be borne
IN mind that the percentage OF disability in
otncr cases Is very email. 10 whn! extent
this per esht. OF disability entern in any
case, the commission are not. prepared to
state, as the determination thereof must de-
pena upon the actiouy OF your honorable
ep npen eie IS sulyects. tnn..ef OF snis re,
Fors.s 5nouiu lnlb rep0tL pe uuopted ana
made ths basis OF tho rsadjusttnant OF every
cessafy to trace the percentage Of disability
that belongs to each of,these bonds. and Ger.
tificates of stock, and record il in the regis.
tration book lefs blank by the commission
for thnt purpose. ~
All which IL respectfully submitted.
HENnY X "A. MEpTzB,
I'D. WITHERsPooN,
w. a. EWAIKHn,
Committee on the part Of the Senate.
4hAAu .. :RAABEkG,
JANIS q. Corr,
III. A. SHAW,
WM. HOOP,
f,Oulr1ittra IN the mart NJ tho l1ourn cf a,,