The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1893-11-29

mills 10 & ~ IlltS Ill luo GdA lofy.
The expenditures were greatly in.
creased io 1892 90, as compared with
1892, as the following items will
show:
Amount to pay six months
interest on new bonds. .S118,25O OC
A mount appropriated,
Clemson College. ....... $4,000 OC
Amount appropriated, State ooo =,
DlSpenSary... oU,UUu W
Amount appropriated, artlt- -,
clal !lmDS. S................ o,OUO W
Amount represented by a
mill off in levy tax. O,OOO W
s263,25O OC
"To meet these extraordinary de-
mands the Governor and Treasurer, by
authority of act of the Legislature
borrowed 100000 on notes and about
S35 900 in the way of overdrafts on
banks. Th2 plan of aking overdrafts
instead of giving notes for all money
needed was to avoid borrowing more
than was actually needed and saving
as much interest as possible. In con.
clusion 1 must call the attention OF the
Legislature tc the fact that the time
allowed this department IN which to
make report is too short. The fiscal
year closes on October 31st, and the
Legislature meets in about three weeks
after this date. The State Treasurer
has to make a detailed report to the
Comptroller General of all the October
transactions of his department, copy
this report upon his records and bal.
ance all his books before he can get
accurate information to embody in his
report. Cannot some remedy be pro-
vided for this difficulty?"
The figures contained in the con.
densed tables below give every one q
fair idea of the exact financial condi-
tion of the State government. The
following is the abstract of cash liza
bilities, October 31st, 1898:
Interest due and not called for, viz.
On consols, Brown and valid Green),
from 1879 to 1893, $50, ,548 .48; on 4 per
cent. redemption brown consolS, 1898,
$500; on blue AZ per cent. redemp'
tion deficiencies, 1893, $3.50; on new
Az per cent. redemption brown con.
sois, 1893, S42S.81; on deficiency stock,
1879 to 1888, $3.50 70; total, S86 $50 89.
Interest from 1st of January, 1880 to
1st July, 1893, on $266, 6,40805 brown
consols liable to be issued for valid
principal and interest of old bonds not
vet consolidated, balance of appropria-
ton therefor, $87. .839 "a; not specifically
appropriated, S127,95098; total, $215,-
79O52. Interest on consols to July,
1878, formerly fundable. now payable,
S91 ,48O.47; total, S393. .92188. Principal
of deficiency stock due 1883 not yet sur.
rendered by holders. S657 40; principal
brown consols due 1893 outstanding,
S152.52O.27; less amount belonging to
the Clemson bequest, S57,375 22, $780,
145 O5; loans effected by Governor and
stare Treasurer authorized BY act 1892,
S1O5. 10000; sinking fund commission.
S42,9Ol.82; direct tax fund, S24,397 "a;
direct Tax proceeds act 1884, S1O.992 03;
State dispensary special account sales
under Section Dlspensary Act, 1892,
S15,S3S26; Morrill, fund (due Claf,n
Colirae). SlO03365; Clemson College,
Sl,l51 SO; special accounts, VIZ
EscaeaLed estate Malone, S7O6 81,
.scheated estate Burton, 81, l,7Ol 90,
Downpr fund. S52967, Clemson BE-
quest, S1,66l %; total, S4,602.65; pal
ance appropr,a ion urdra%n. say, Slo,-
600 90; :otal S722 634 81
CASH ASSETS 3lsT OF OCTOBER.
GeueraI account, $l2,6l244; sluking
fund, $42. 2.9O1 80; balance flom sales ~
ger cents tor redemption OF Brown
consols, $115,25S IS; dispensary special
fund for Sales, $15 1896; ca'h for re.
dempti>n of d-Ecl-n"Ies. 1898 IS; IS.
cheated ESTATES, S2,411 Is; DoVner
fund, S529.67; Clemson Cullege, 81, Isl :
g.; Morrill, tund (for Clsfin Coil. -,
S1O,O33 65; direct tax fund, S24,39O 81;
CI-msou bequest, Sl,66l.23; tota', 1927,
72S 55; n-r c,>ii liabilities 31st Octooer,
1893 S494 90642.
Lidblll,ies vYher than cash, (bond
arcount). green consols outstanding,
1928, ,566.56; less estimated inValidity,
S4l9,673 95-1OS, 1882 81; brown AZ Per
cents redemption of the brown CON-
soils act, 1892, SIS 401 ,955. .86;brown 4 per
cent. redemption brown cousols, S122 :
o.; blue AZ per cents, 'defciencles," :"
100000; Agricultural college scrip,
Sl9l,800; bonds and stock (pripcipal
with interest to 1st January, $780, au-
thorizsd to be funded in brown con-
soils by the act of 1873 and subsequent
acts, not including lnValidity, and
which perhaps should be- added to the
cash liabilities, 1886 .409 05; total. S6.-
393, 1853 56; net cash liabilities 31St DC.
tober, 1893, as above, S494, ,906 AZ; total
net liabilities 1st November, 1893, S.
S64,O74 SO.
General taxes 1891 and 1892, and also
back taxes. S735,4ll03; phosphate roy.
atty, $233,54 43; sales brown AZ per
cents issued for redemption of bro Wn
consols, So. .93O, ,346 74;less overpayments
refund, S75O-S2, 1929 500 "a; privilege
tax on fertilizers, 1885; Morrill,
fund from United States government,
1000; State dispensary sales, SlOO 1872 :
13; insurance licenese fees, $4,000;
siuking fund commission, $1,000; fees
of Office of Secretary of State, S2,52l.13;
railroad assessments for railroad com.
mission, $6,0S540; special funds, ST..
937.45; loans Governor and State
Treasurer), S105. 600; other sources, ST.
1874 10; total, $4,2OS 456 80; balance cash
31st October, 1892, s2Ol, ,74S90-A,410,'
2O5.26.
Legislative expenses. s43,427.ss; pub
lie printing, S23,932.45; educational,
charitable, penal and sanitary lnstitu-
tions and expenses, S223,S35 81; Glenn
son Agricultural college, Sl5l,7OO 1S;
interest on public debt and expenses,
S349,59763; interest on new AZ per
cent. redemption brown consols 1st
July, 1893, Sill, ,696.19 brown consols
due July, 1893, principal redeemed in
cash, s2,814,337 SO; expenses 1edemption
brown consols, S6,0S6 65-S2,820 374 81;
deficiency stock redeemed, S6O.32; State
dispensarY, S134.49387; salaries-Su-