The news and herald. (Winnsboro, S.C.) 1877-1900, 1895-09-12

SIxSON's EXHIBIT FOR THE SEC
OND QUARTER OF 1895.
Running on a Cash Basis With the
State Loan Repaid, and Apparent
ly Paying Good Profits.

islatiye committee, which is referred
to by the commissioner, verifes the
tabulated figures given below. So far
as money results are concerned, the
dispensary, to use the language of the
commissioner, seems to be ''moving
smoothly" and so far as matters Of
Office routine work are concerned
shows the improvements that come
With experience.
The report and its accompanying
array of figures will be an interesting
study Coz both the friends and enemies
of the institution. 1t is as follows: :
Columbia, S. c., July 81, 1895.
10 Ills Excellency, John Gary Evans,
and Hon. D. H. Tompkins and Hon.
James Norton, State Board of Con-
troll:
Gentlemen: Herewith I have the
honoS to present to your honorable
board my second quarterly report of
the State dispensary for the quarter
ending July 81, 1895.
In my last quarterly report I
brought down Mr.. Tra1ler's net profit
from Sl51, ,295.5l to Sill, ,S59. 81. A
still furtherreduction of 81, 40O.7S has
since been made, from the fact thaths
turned over sundry accounts as assets
which, upon investigation. were found
to be overcharges; on the other hand,
outstanding liabilities, of which his
books contained no record, were found
to be sdue by the State, and the
amounts of these discrepancies aggre-
gate 81, ,4007S, which leaves his net
profit to date $40, 559.04.
I am pleased to say that the dispen-
sary Is. now operating on q strictly
cash basis. There is now in the State
treasury and in the banks cash suffi-
cient to refund to the State the $780,
O0o appropriation as loan to the dis
pensary, to pay every dollar of out
standing Indebtedness, and balance
remaining sufficiently large to pay
spot" cash for all future purchases.
The dispensary is now running
smoothly, and I respectfully cali your
attention to my quarterly statements,
which are hereto attached, and to the
report of the Legislative committee,
which is also incorporated in this re-
port.
All of which is respectfully submit
ted,
7iI. M;xson, Commissioner.
n. B.-Since the close of this quar-"
ter the 100000 has been refunded.
the State, all incurred Indebtedness
has been paid, and the dispensary is
now paying cash for oil purchases.
r. NJ. Mixson, Commissioner.
Quarterly Statement of the State Dis.
peusary. Quarter Ending July 81,
1895.
:. ASSETS.
Cash in State Treasury and
in bank ..............S ~, 452 92
Teams and wagons. =. 731 IS
Merchandise on hand at
State Dispensary (inveu-
tory).. ;. e5,5oo.oo
Machinery and Office fix
lures Inventory. .". 1855 H
Sapplies-bottles, corks, Ia
bells, boxes, etc. inven-
tory. =. :. :. :. 11,7s7 o.
Unexpired insurance. :. 37l SO
Internal revenue licenses
purchased for county
aispensaries and to be
charged to same).. -. 2,175 90
Personal accounts due the
State. :. s,2o4 50
Merchandise on hand at
county dispensaries
States profit added. :. 26,619 81 ,
Value of above merchan-
disc in hands of county
dispensers lat costprice) 49, 731 02
s26O,611 IL
Warrant No. S62 was issued for
1,460.O4 on July 5th, in payment Of
forfeited spirits bought of the internal
revenue collector. And as the book
keeper requiresa properly vouchedfo for
invoice for all cash credits, this
amount was counted as cash Oh hand
July 31st, the invoice not reaching this
Office before August 3rd.
LIABILITIES.
State ennronristion s O.00O. CO
Personal accounts due by
State on merchandise
purchased 20,657.T2
Traxler's net profit
from beginning Of
onorst;ons 70 close
ofhis term Jan.31 sl1o, o,559o4
Net accrued profit