The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-14
Total amount of payments. 81 600. .2l4 o.
Excess of payments over
sS

Excess of payments over ''''i So
esnnates.......-............. $14641 SO
In addition TO this, there ltays been
$2,474 OF coupons which naatured during
tho same years consolidsted With the
bonds TO which they were attached.
showing payments of. interest for those
yeara Of $l7,1l5.8s over and above tho
Geheral.
While this fact would seem to afford
comparative evidence, in the sbsence of
any proof to the contrary, that all the
interest on the public debt maturing for
! those veara had been paid. allowing even
wide margin for any hasaihla p,sisfsssss;;- :
nlatsA OF the Comptroller General. ali the
presumptionB in thb matter point to- the
samo conclusion. The State was not
only paying the interest as it became
due, up to- and after July /, 1871. but
paying it in gol and the holder of O
coupon had every possible inducement TO
collect it at maturity In occasional
cases, absence, illness or other causes
may have prevented. him from colleetinp
it promptly, but neither absence, illness
E:noI other cal,ses woula have led himCfo
detachS IT. from the bond, whenf0 Draeli.
cal purpose would 0fcould essubserged
thereby. 80
rs is matter Of ,boeh ,legislatiye and
Judicial record, that all matured coupons
were cut offfFcm ban3s.before the latter
we're issued from the treasury or E;nar.
cial Agency; and ell the circumstances
attohdiDs td:se transactions indicate that
tne detached coupons in question were
obtained In that way or from; that source.
But, however or wherever obtained.
they. were not valid claims sagainst the
state, and were not authorized to be con-
sclidated under the act.
| Whatever proof exists that any cart Of
the interest on the public debt maturing
on Qr before JulY,1 1871, remained un-
'paiG Austtbe found in the fact that Ger.
tain coupons maturing on d before that
date remained attached to the bonds to
whiehs they originally bel61ged,s or in
the, Pyeeentation of certain tCftinrates of
stock yith evidence Of the aon- yment
thegnatter of such conp0es nsftienihrlv
the fact they remained Slsdshkd 10 tiis
Bonds &c which they origlnaiIysF beIAnped
|an9ss beaeggyied, IS concldsiyo eyidencs
that they had not been paid sad IL they
were III all otksF respects fundabIe. the
fact that they matured on or before July
u 1871. would NOT tend Id any wise 10
iIehdef them invalid.
In this view the coul1sissIoil have
treated as valid the $2,4T4 of cohpone
Palreedy mentioned as consolidated With
thelbonds 20 which they Nese attached.
4. AS to detached coupons funded by
r KeScqtt,iL. N. Zealy, agent and Y.
y. <. UWeHs, agent bethcen June 10,
to74, and juno ri, 1874, Inclusive.
amounting to 1891 1895. 4,
Nearly all of these coapons natured
|o4 aos before tho i$t July, 1871, and
would be properly regarded On that
grOuuu aionC ag not valid Grains against
the State but the testimony OF Niles g.
Parker, late State Treasurer, herewith
submilted, as we'll as thb testimony 3f
dt1efs Wtsne6ses, Rnd I'LL the known cif.
cumstances of the case, point Inevitably
to the conclusion that ell of these coli-
pons, as we'll as those which fiiatured
after the fstt tpiy,l1 S71, those which ma.
,turdd on aud before that ddy. were cent
off tho boiids that passed through ths III.
nancial Agents haa5ss," and remained In
his possession as tho property < of stha
iS5tutc. 5.-5, ,sl'p. fr'Szq7 ~; 3 ,
They were, in mo Gsiisa, valid claims
AgAiIss the State, and there syss no Er-
'saority sorSecnsolidating thellp9Hdes tie
act. ~
The commission submit that the
9fenpds herein presented against the
consolidation of the detacEcd coupons
resnectively mentioned are 81 no wise
With sss iTis u iiitest OF
the aes, and la no wiz5 I'M b or i'm
saaif the policy for the l@iaeil os the
pnhlic debt which chs ace ,sfaa la1endSd
20 esect. could moi lsyS bosa e
IprrposA The act that cdh n8nS saich
ssisasssl fore the bonsss to iilintss they
belonged were Issued, aid which were
not Issued With tho bonds, tc which. they
belonged, but WeFs I Previously d "a
nom the9n and fled = say nj the treasury
ana hllali lielal Egeicg Rs vSuch hem 20 ahow
that they had sI5eeAs l,ee,, s.,d i,,a