The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1891-12-03
THE STATES FINANCES,
TIE ANNUAL REPORT OF THE STATE
TREASURER.

Statement of tho States Financial Con-
duions
CoLUMBIA, S. c., Nov. 2O.-Thc rxl-
| lowing Is the annual report Of theSt; ;e
Treasurer to the Legislature, which
viii no doubt be read with interest:
from the statements or exhibits Civ
Ell in tots report, an idea can he formed
Of The condition Of the financial alra,Is
| OF this State. No one can Sav that Ilt !
are In All eminently satisfactory condl-
ton. The fiscal year was begun with
cash liabilities amounting to $3.50, 1878
and with cash assets only S77, SO,
and with mere.y $3,943 to the credit of
the general fund, and available for the
current expenses of the government.
Notwithstanding tie facts just stated
aud the fUrther circumstance that the
receipts from phosphate royalty fell of
S32,G.6.GO, AS compared with the preced-
ing year, and that some $4,000 OF the
receipts OF the fiscal year just closed
were applied to payment OF debts Of
preceding year, fortunately we have
| been able to meet every demaud made
upon the Treasury. We have paiI the
| loan negotiated under Act of the Leo
islaIure by The last Adulinistratiy1
| amounting with interest to SO, SOC, q ID
a'so every claim aga,nSC the S,ate IS it
was presented, without reSortmg tC a
| loan, tXcep3 in one Stnatl INSTANCE.
y loan OF $500 was OUlGiued from | ,a
Central National Da1k, wIth which o
purchase blue tOur auu a ha'r Dpr cei
nchdS ana certiilcateS Oi stock HreU"d
'or pdlPoSeS OF exchange, and VIII il
purpose was techult3l!y provided jHr
~ ne appropriation OF $1,000 for tie
pui pose or competing the cOnSOliG =
| d, L.,
ven. II Will 30 nee SSary FOR the l. =
!9'Ature 10 appropriate The sum Of $50
10 Pay tnls loatl kindly made 10 the
oInC" Wltlout interest. | beg leave -
can your atteNtlon aud that of lie
Legislature, especially, TO the fact that
me state owes Il large floating debt, :-,-
'llhaleu at S2'l 5000 OF past cue lot ~
tS' aole, neSlucS unpaid appr0pI /
.,"'lS as SET loltil ABOVE. aud to the fi,r-
,ntr lact lhat the So-called "!r"ISnly
NeSerNe uhu IS practically mytl~-
leli"Sehllhg lor inc most p'rt debts,
anu iio' credits ol the state. The Silk
ing fhnd PORTION OF what conatitu;> {!
me o7lg .hal "IieaSury Reserve Funj,"
Emou'itihg TO f?l6,64'i6 Whcn thr .>rt
was paS"ru III 1886, mas since Ice Ii :
ieii"e", aS ! uuuer"Iana, un"tr lH.:5
hoNtii!,'s inc HihklA% rune III p. -
,il'iI vi ""ll anus oE"Wh against It, ~
Wv 'o"i" " Notlihl;"loutr$ Ot thc
"lhhll'" una. ihe dirt CT Tax Furi
toi t:o'l "liIel hC1 oi lS@i, amounting
"'!S!n"HA W %o"'',-i1."', lAH Hliou.d -
te4 Su II! SohGreSS) has been reduced
W. %io,''"'r "E Payments upon iHe
,.,'ll;. m"i i"n,S oi tnc governor 10 rdliicS q
:MI'i' :,T'ii -. oc'o!' Sco ui'ct' III" i"W
'.o oii III" "ni ni"h"lu h0Ida
in Ti.uuCcI' e'""'"Iy as lhP tlr :
eos on3 80 Wv WI H,ot,SolS Progressed, .
10 1'o"'i"' n'','' do :oti''t"'Hu. bul H. HiOu Il
s"n+' nht ii, ~, 'litu tL'I Ilese are In i
"o,,"t "o,|t ooo|o 'ro 'o'.',e owes, ana 90 E"t
s'',,,' &c, q t.i.iu pt"c'lcal'E irlG IN r.
~ 20. 'St'ce il''A"'F.
ros,,r,.n ''y 49, q hoio way /" Gfeai" Il
hv inN,o,iur iu,,u 10 30 anlHc "c''"i money
=, ,,rI ~. th oi o,G S'ie oi STATE
s,>noi,I nU,r,,a,', ~ IL! ioh'it W. '"F lie
atod ai~j'"i !,"i @ poSeS lol Mnlch IL was c"'",
~ r,.. I l"n'u l.? ic",'F H'"u. /
s1.in ',' o1 ~ .uo dI' 20 l!"l!iig dr'l IT i'ir
L,n'v' i'wt coii1 poSeu piliclpailF oI past 4"e
nn "' nnfn"d ",,G"riI'' i1l llteicS' ANA h,ertrt
SOL 600 nT ;~,, ';1,iiu", eoIi'liat'd |" 10
t;or, ,,o'o'G., peStaeS unpaid HnrF"pr'"-
thn ,'.o, "ouiu w peln'pS j., tier S;'tiS!
tmra ~ |lL li, y, VIC '2ta'c II Int l'cElSl'
u,i;' r"oo t.lia IcSri '' i"It! Ia
- :, ''Iu ~ q wv nlle,ehC com &C.
dons 20 f"t '"i ~ pi ialiis CnaC 'hr col"oidt,i'n
Io,' w." . 10y P5oBlt"a more raIl"iy ana that
ant,o!I oi,U H"aI 'Ue lulcreS! mas not ben
,,"ii,i ~ . 1o'ho VI l. may never DC
"a ha " n,oh ,o' IiomrNvi, urii''tlid IS liab'e
ti,t" ~ di"tL "poii tlio |ic"9Ni? aL any
tha au, Wy aun ye' II HAS He"n
rho rGEy Gamcy,r Ui onI ,I'I ioR lSltCuf" 10 ignore
money TO meet fhn rIrrt,'t .:,,,.nn"o n.""$ rr n
tn, State and Iennnd nnu,, ,'oUo W
to meet any snch rmrrynnr, r." r,ai !;
my duty TO rpsnrctii;iv v',,,o,..t - - -
this is not the wisrst nnirv Wv ''i'.
at this time when sn Inra,. ;, ,,t rfICr'1 of t,o
State debt is nrarint ma, r;tv m'; W .','I v'II
when it is more than ever inrn33nhant "''tt
upon the State to Soc tn,t rnr tr"nD',,.',
is provided with amnie fnnd. O. :" t'''na nnS,
promptly any lust claim aanin.t nn, =" p'S
complied win instrmrt; ;n,', ,,i,,.,,
me in the Act and had nron.r nSti,'I.
inserted i'm newspanrrs nfso bad lTIi,1' n,,
cnlars and conirs Of the N"t nri',t,
and notice given that ihrv rnn,d hnh ,''i, +
upon appIication nv n,rIiny Gno,,i,,,t 80.
formation, and hayo 4,nt nn. :. - ~ :,
number of copies, Conjrs IF IN" ,.ir'.,,- i'r' =
lars and noticre aro rnra,o,,,, w. VIZ