The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-14
continued fsona rir.s paso) e ..,i.i,

y we're two issues of funding interest Donos
and e,,ch numbers from Ito ---, and also,
two is,ues of bonds for the payment OF In.
terest. on the public debt, each numbered
from Il to /, 900, yet in the memorandum OF
4 the bonds pledged by the Financial Agent
for State loans herein before referred to, the
s particular issue to which the pledged bonds
of these two classes respectively belonged,
s is not stated. /,
The commission have therefore included
such bonds Of both issues, as bear the num-
bers 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 such OF them as had not been
pledged, to establish the fact IN such man
ner "a your honorable bodies may provide.
In conclusion, the commission SUBMIT
two schedules hereto annexed and made
4 parts of this report; one of them distln-
cu;shsd as schedule No. 5. containing the
Z numbers and denominations of the CONSOLE
dation bonds and certificates of stock issued
i'm exchange for and in lieu of bonds, cou-
mons. certificates of stock and interest or
( ders which, in the Judgment Of the commits
aior. rers aissued in accordance with Law,
and authorized TO be consolidated by the
act::n the other Of them, distinguished as
! schedule No. 6, containing the numbers and
denominations of the consolidation bonds
: and certificates of stock issued in exchange
: for and in lieu Of bonds, coupons, certih-
Gates Of stock and interest orders which, in
!. theiudgment of the commission, were not
ISSUED in accordance with Law, and author,
lied TO be consolidated by the act" and
& showing what class or classes efgquesaona-
Bile validity entered into the consideration
fcrswhich such consolidation bonds ana Ger
/: tiiicates of stock were.issned.
]. will be observed that the amount OF
consolidation bonds and certificates Of stock
issued sor vouchers, which in the Judgment
Of the commission, were not assuec in ac-
eordance with law and authorized to DO
consolidated by the act, is much more than
30 per eentnm on the face value OF such
vouchers. The excess grows out OF the
fact. that such vouchers rarely constituted
3 the whole of a surrender. LII most cases
vouchers OF unquestionable validity were
funded :gith them, and consequently the
consolidation bonds and certificates of stock
i which are affected by invalid vouchers are
!; affected by them only in part. By reference
TO schedule No. e. it will be seen that the
numbers of tie bonds and certificates Of
stock are placed in the margin. By follow
ing the ruling from any number to tho
right, one or more cross marks Ky will De
found, each ;ssanding under q captain that
9 gives the class OF. the vouchers, that enters
Is into that number IS the disaloling part OF
( the securities surrendered fos the bond or
ce-tifcats of stock IN question. 1t is not In
tended hoTeyer, TO indicate by this table
the extent Of the disability, but simply the
class or classes of the vouchers on which
these boads and certificates of stock rest In
whole OK In part. While some of these
4 bonds and certificates OF fsstock rest wholly
upon invalid vouchers, it should be borne
in mind that the percentage Of disability in
osherca Is very small To what extent
this per cent Of disability enters in any
case, the commission are not, prepared to
state, as the determination thereof must de-
pend upon the action Of syoIlr honorable
bodies upon the subjects matter of this re-
{ mort. Should this report be- adopted and
made the basis of the read dju1tmAnt of every
part Of the consolidated debt, IL will be me-
cessary 10 trace the percentage of disability
that belongs to each ofithese sbe9ds and Ger
tificatss of stock, and record it In the regis
tration book left blank by the commission
Z fnrithat purpose.
An of which Is respectfully submitted. (
HENEY IL. MEleTzE,
Il d. W1rHI:RspooN,
W. ,A.EWALKEl5
& Committee on the part of the Senate.
q ~ IsAAc. s. BAaBEkG,
JAMES G. Corr,
a. A.,SHAw,
WM. HOOP,
Z Committee on. the part of the House of Rep
resentatiyes. gi'.s z
The ereport Of the bond commission is ac-
conpanied by the evidence taken In the
course of the Investigation. The witnesses
examined were Miles G. Parker, james o.
Ladd, T. ). Minton, John l.. Little, G. G.
Mckinney, L. N. Zealy, Jonn B. Dennis,
{ &C. Bowen and J. l.. Neagle.
Exhibits aAn to, 'tR" comprise letters
from the Financial Board, Chamberlain,
Scott an6 Others, to H.H. Kmpton, Finan-
ciaf Agent, and from Kimpton 70 Parker.
Then follows a number sif schedules
3 r8ROEL1g me ci1SSe9 OlS DOuuS iIlnFcoLie,dtcuJ
and theresult arrived OF by tho bond COM
misaicn.
Schedule No. 5 shows the numbers and
denominations Of She consolidation bonds
and certifcates OF stock issued in exchange
fer and in lieu of bonds, coupons, certi6-
Gates Of stock and interest orders, which, in
the Judgment Of the commission, were "is-
sued IN accordance with law and authorized
TO begcoasolid by tie act,o approved
December 20, 1878, to reduce the volume of
public debt. The total amount Of these
securities, which are regarded by the com
mission as unquestionably valid, is stated as
follows:
l,O71 bonds of 81, 900 each, 81, OF, 900 90
lk4 bonds of $500 each, $4,000 90
Certificate Of stock 1s4, ,S$5 81
81, ,577, 1856 62
Schedule No. shows the numbers and
determinations Of outstanding consolidation
bonds and certificates of stock as affected by
vouchers, which, in the. Judgment of the
commission, were not issued in accordance
with the Law, and authorized to be CONSOLE
: dated under the act TO reduce the volume of
: the public debt, and the total amount Is
stated ns follows:
2476 bonds for. ST. 900 EACH S2,476,000 90