The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-11-30

"1he expenditures during the year
exceeded the receipts, and the State
was forced to borrow money. While
there was an increase in the revenue
derived from phosphate royalty of $751;
258.O5, as compared with last year it
must be remembered that there was
a falling off of some $40 900 of receipts
on account of a reduction from "a
mills to 4 mills in the tax levy.
The expenditures were greatly in
creased in 1892 93, as compared with
1892, as the following items will
show:
Amount to pay six months
interest on new bonds. .$118,25O 90
A mount appropriated,
Clemson College. ........ $4,000 90
Amount appropriated, State
DlSpenSary... $4,000 90
Amount appropriated, artlli-
cial limbs. ............... 5000 90
Amount represented by a
mill off in levy tax. ...... 10000 90
S263,25O 90
"To meet these extraordinary de.
mands the Governor and Treasurer, by
authority of act of the Legisl ature,
horrow 100000 on notes and about
335, 600 in the way of overdrafts on
instead of giving notes for all money
needed was to avoid borrowing more
than was actu lily needed and saving
as much interest as possible. In con
c!uslon | must Call the ATTENTION Of the
Legislature tc the fact that the TIM
allowed this department IN which Co
make r-p0rt is 700 short. The fiSc Il
year closes on October 31st, and the
Legis'a'ure meets in abou: three weeks
af sr his date. The Safe TREASURER
has TO m Ike "A detailed report to the
Comptroller General of all The O robpr
transactions Of HIS department, copy
this report npon his records and bal
ance all his books before he can ct
accurate information to pmnody 10 his
report. Cannot some remedy be pro-
vided for This difficulty? ?"
The figures contained in the con
densed tables below give every one a
fair idea Of the exact financial condi-
ton OF the state government. The
following Is the ab,tr ,ct of cash liza
btlitles. October 31st, 1893:
lnleres due and not called for, viz
On cOns"ls, Drown and valid Gre-n),
from 1879 to 1898, SS5, ,04S 48; on pr
cent. redemption brown consols, 1898
5000; on blue ~ pr cent. redemp,
unn deficiencies, 1893, $78.7O; oH new
s"ls, 1893. $42S.8l; on deficiency stock,
1879 TO 1888, $089 70; total, 1886 65O89
interest from 1st of January, 1880 to
lst July, 1893, on S2G6, ,4O905 brown
conSolS liable 60 be issued for valid
principal and interest of old Londs not
yet consolidated, balance of appropria-
tion therefor, $87 .839 "a; not specifically
appropriated, $l27, $50 90; total, $2l5,-
NO.o2. Interest on consols to July,
1873, formerly fupdahle now payable,
$91 ,48O. AZ; total, S39392198. Principal
Of deficiency stack due 1888 not yet sur.
rendered by holders. S657 40; principal
brown cOnsols due 1893 outstanding,
$152,o2O.27; less amount belonging to
the Clemson bequest, $57,37522, $685.
Ida. %; loans effected by Governor and
STATE treasurer authorized by act 1892,
$!Oo ,OOO.OO; sinking fund commission,
$42,9O1.82; direct tax fund, S24,397 81:
direct tax proceeds act 1884, $1O,992 O3:
State dispensary special account sales
under Section Dlspensary Act, 1902,
$l5, ,838;26; Morrill, fund (due Clah,n
College), $lO,O3365; Clemson College,
81, lol ~; special accounts, VIZ !:
Escheated estate Malone, S7O6 80
escheated estate Burton, $I,7Ol 93
Downer fund, $52967, Clemson be,
quest, $1,06l.23; total, S4,6O2.65; bal
ance appropriation undrawn. say, $18,-
OOO.OO; total, S722 634 81.
CASH ASSETS 3lST OF OCTOBER.
General account, $l2,61244; sinking
fund, $42 9O1 80; balance from sales AZ
per cents for redemption of Brown
consois, Sllo ,258 IS; dispensary special
1und for sales, $15, 1896; cash for re-
demptiJn of deficiencies, 1898 65: cs.
cheated estates, $2,41l rs; Downer
fund, $52967; Clemson College, SI15I.-
SO; Morrill, tund Gor Clanln Collrve),
$lO,O33 65; direct tax fund, S24,39O 81:
Clemson bequest, $l,6G1.23; totaI, 1927,
72S 90; net cash liabilities 31st October.
1893 $494, ,9O6.42.
Liabilities o,her than cash, (b0nd
acc0nnD, green consols outstanding.
5000, ,066.06; less estimated inValidity.
$4l9!673 9o-108,8 882 61; brown AZ PER
cents redemption of the brown CON
sols act, 1892, SIS 401 1855. 86;brown 4 per
CENT. rede "ption brown consols, $I22-
"a blue ~ per cents, "deficiencies,"
$s400,o0O; . i0, Agricultural college scrip,
%ioi 'oOo; bonds and stock (principal
WlIn interest to 1st January, I88O) du-
snofized to be funded IN brown con.
SOS a oy the act Of 1873 and subsequeut
nhi,,, 20, noS including lnvalidity, and
Wnich perhaps Should br add, d 70 he
cash cas- liabilities, 1866 4O8 O5: tot4I, SG,.
5o3 loo %; net cash iabi,itIps, q A. ne.
ooer' 1893, as above, $494 9O6 az: :iotaI
864 O74 90. "e'' io'o' 80
haGt GtneTal 'axss ax. 1921 and 1892, and also
atty, $233 544 43; sales brown d1L osr
certs lseu, Tor r"demp ion of nroDn n
consols, $3.50. .346 H;'ess pverpaymenta
refund, $75O- So 029 500 "a; pTlvIIege
TAX on trr,inz-rs. $5u 243 95; M rrIH
find from Unl ed States govrrrmpnt.
SloOoo; = ale dlspensary sales, 800 332
IL; Insurance hcenpsr es, 80 GOO.
sl"king fund commission. $1,000; tees
of Office Of Secretary OF State, g. 52l 13:
raiIro"d assessments for railroad com
mission, $G,O85 40; ,prclai funds, ST..
93745; loans (Governor and SttCe
Ir Ir 'asurtr), S1Oo eco; other sources, 81.
784 10; total, 3l208 456 SO: halauce cIsn
3Ist October, 1892, $2Ol, ,749 90-S4.41O,-
205 26.