The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1891-12-03

gard TO Needed Legislation.
COLUMBIA, S. G., Nov. 25.-Thc fol-
lowing synopsis otGov. Tlllman's Mes
sage will give a good idea of the docu-
ment and contain Its most important |
features:
Gentlemen of the General Assembly:
Another year has come and gone,
bringing the period for the representa-.
tiyes Of the people to meet and perform
their functions as part Of the severn-
ment; and, as required by the constitu-
tIon, it is duty imposed upon the en-
ecutivseSto give TO the General Assem-.
bly, information Of the condition Of the
State and recommend for their consid-
Grafton such measures as he shall Judge
necessary or eXpedient."
I he reports Of the several heads Of dc.
partments and executive boards will fur
nlsh full information and details con .ern-
ing all State institutions and the several
departments Of the State government.
But will briefly condensc such in forma-
ton as l deem most important, and
which will aid your honorable body TO
grasp The general situation in the State
and condition of lis institutions.
FINANCES.
The reports OF t.lc State Treasurer
and Comptroller General arc very full
and comprehensive, and an examination
of them will give clear understanding
of the States finances. The condition
OF the treasury is better than it was last
year. but is lar from being satisfactory.
l will only Givea brief summary, SO
that you can gather the general situa-
ton.
~ N,
Cash on hand Oct. 81. IS9O.$S 1913 93
Receipts, all sources ...... 1873 TO- 9S
Total. ................S1 81 ,1J1 G9G. 81
Expenditures, ::..... 81 oS7,OSI.G9
Balance Oct. 81, 1891. G4,Gl5.O2
Total .................$1, ,151 ,G96 81
The following is Il comparative state
ment between 1890 and 1891, as to cash
on hand:
Cash balance Oct. 81, 1890. . $77,943.93
Outstanding warrants. . 41,SO2 S2
Net cash balance. $36, 1H III
borrowed money y............. 6O,0COOO
OverdraWn on banks. ... 22,8OO.OO
Due by State Oct. 81, 1890 100000
Less cash. .................. 36,14lll
Leaving net debt Oct. 81.
lo'o ........... S3I ,l0S.Se
Cash OH hand Oct 81, 1891 -. $6l 1913 ~
Less outstanding warrants. l4,25O. 80
Net balance. .............. $50 3G4. 1!
Add balance paid for 1890. " 37,l5S g!
[ Difference in favor Of 1891. $S1 ,023 US
Here Is comparative staten mt OF
liabilities or floating Indebtedness
which may be called for any time:
1890.
Cash liabilities, Oct. 81, 1890. $3.50, 1877 3;
Cash IN treasury. ..... 1898 91
Net debtor .$4!i ,253 l(
1891.
Cash liabilities November
l. 1911 .....,.. :. = 42S, ,232. S;
~. O.. Cash ao, assets< .N:oYember i,
-: ................. Gl,6l5.02
Net cash Indebtedness. $ 3G3,G17.Sl
The following is an abstract Of iabil-
ties other than cash, lst November,
1891. (bond debU:
Total liabilities Nov. /, 1891:
Cash liabilities. $50 1877 33
Liabilities, other than cash. G,433, ,517. ~
s6,922, ,715.O5
Cash assets, 1st November,
1890. 77,94393
Net Indebtedness, lst No.
vcmDer, 1880. 0............ G,S44,77l 12
Total liabilities, 1st No
vcmber, 1891:
Cash liabilities x ioS o2o s2
Liabilities, other than cash G,AOG,6O6.CO
$G,83i 1888 83
Cash assets, lst November,
Observation-Disclosures. G4,615 O2
Net indebt cdness, 1st No.
Yember, 1891 9l.......... Sc 17O, 223 81
The act of December %, 1886, Great
ing the treasury reserve fund, set apart
$272, 2,l2l.33. and required "Lhat said
fund shall be held by the Treasurer of
OF the State of South Carolina, TO be
used in payment OF all interest due upon
the bonded debt Of the state and appro-
prations made by tho General Assem-
bly,; Provided, There be no other funds
in the treasury applicable thereto. And
when taxes are collected and paid into
tho State Treasury, the treasurer shall
at once, from said collections, replace
the amount of said reserve fund which
has been used. Said fun to be
used and replaced as hereinbefore di-
rected in each succeeding fiscal year."
Now, these figures either represented
cash Or they did not; and if the money
was there, has been since spent, in excess
OF the receipts from taxation, 1t should
appear. lfthe money can be honestly
accounted fol-, it will be source Of sat
lstaction to know it. Therefore, | COR
DALI jtin in the recommcn ation that
steps be taken to thoroughly investigate
the whole matter. Il is idale to continue
to keep this ''mythical" fund on the
books of the treasury, and the act Great
ing it should be repealed.
AS will be seen by the Comptroller
Generals report, there is an increase or
the assessed value Of property this year
over last of $l7.GG0, ,2l8, and that officer
deserves commentator for the Jealous