The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-09-10
THE DIsPINsARY PROFITS.
THElNsTITUTtON NOW ON A CASH
BASIS.

Ine y the Financial |
Condition of the Dispensary for the |
Second Quarter of 1896.
The report of the operations of the
~Dispensary for the quarter ending July |
81 has been made public. It has been
ready for over q month, but the delay |
in giving 1t to the public was caused |
by n failure of the Legislative COM
mittee to makeNtheir report, which |
has not yet beenNhanded in though 1t
ID learned that the committee endorse
the figures as presented by the Com
missioner. The institution is now
cunning ON q cash basis and the net
profit appears to be increasing with
each quarter.
The report and its accompanying
array OF figures are quite interesting,
and are as follows {:
COLUMBIA, S. c., July 81, 1895.
10 His Excellency, John Gary Evans,
and Hon. ID. ii. Tompkins and hon.
anne Norton, State Board of Con-
troll:
Gentlemen: Herewith 1 have the
honor to present to your honorable
board my second quarterly report OF
the State dispensary for the quarter
ending July 81, 1895.
In mylast quarterly report 1 brought
down Mr.. I'raxler's net profit from
$l51,29o.51 to Sill, 959.82 A still
further reduction Of $l,4O0. 10 has since
been made, from the fact that he
r over sundry accounts as assets
which, upon investigation, were found
to be o~vercharges (; on the other hand,
outstanding liabilities, OF which his
DOCKS contained no record, were found
to be due by the State, and the amounts
VI these discrepancies aggregate 81.
4OO.78, which leaves his net profit TO
date $11O, $500
L am pleased to say that the dispen.
sary is now operating on u strictly
cash basis. There is now in the State
treasury and in the banks cash sut1i-
cient to refund to the State the $50, 600
appropriation as a loan to the dispen-
sary, to pay every dollar of the out
Standing indebtedness, and q balance
remaining sufficiently large to pay
spot" cash Tor all uLure purchases.
The dispensary is now running
smoothly, and l respectfully call your
TO my quarterly statements,
which are hereto attached, and to the
report of the Legislative committee,
port.
All OF which is respectfully submit
ted.
f.. M. MIXSON, Commissioner.
N. B.-Since the close of this quar-.
ter the S50, QUO. 90 has peer refunded to
the State, all incurred Indebtedness
has been paid, and the dispensary il
now paying cash for all purchases.
e. M. MIXSON, Commissioner.
Quarterly Statement of the State Dispen-
saiy, Quarter Ending July 81, 1896.
ASSETS.
Cash in State Treasury and in
Dank........ ............... S0,4,2 81
ieams AND wag"ns........ -. 73l IS
Merchandise on hand at State
Dispensary Gnventory)....... $500 90
Machinery and Office fixtures
supplies-bottles, corks, labels, "''
boxes, etc. Gnvensorv)...... If 7G7 Oh
~UneXpired insurance. ....... 31I 9S
Internal revenue licenses Our
chased for county dispensaries
and to be charged to same).... 2,l75 90
Persona accounts due the State. S,2O4 G6
Merchandise on hand
at county dispense
rles States profit
q 1880 33
From which deduct
States unearned
prott........ ...... 28,6l9 81
Value of above merchandise in
hands OF county dispensers lat
cost price,. 1871 o.
Total. ........ .$2Go,GIl OF
LIABILITIES.
State appropriation. 10000 co
Personal accounts due by State
on merchandise purchased. 2O,557 ~
Traxler's net profit
from beginning of
operations to close
OF his term J ar. BIS 1869 Oh
Net accrued profit
from February 1stto
July 81 (six montls) 1891 81
Net accrued profit from begin
ming of operations to close
of present quarter-July 3lst.. 1S9,O53 35
.$2C0,6l1 OF
statement OF Loss and Gain Account
Quarter Ending July 3lst, 1895:
GAINS.
Gross gains on merchandise sold
during present quarter. ....... .$49,4S7 10
Contraband, dumped .......... E02 40
Profits from beer dispensaries... 1904 Ga
DISCOUNTS. .......... ............ 2325 "a
Total gross gains. ......... 500, 100 10
LOSSES.
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