The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-12-10
-DaspGssAnx !

S@ .M.NIt-
Report of EARNINGS for the Quar-
ter Ending October 3l-over $500
Made Since the Dlspensary
Went Into Operations.
Columbia Register.
The last quarterly report Of the oper-
ations of the Dtspensary for the year
was made public yesterday. IL has
been ready owe q month and the delay
in giving it to the public has been
caused by the legislative committee
which has TO investigate. The profits
for the quarter amount to &20,507.I2,
and for who.e time since it has been
In operation the amount is S210, 608.16.
a resume OF the operations Is given
below n there are come figures in 1t
that will naturally excite some curl
osity. For instance, there is an item
OF S3,973.T4 ch,rged TO personal ac-
counts due tne State. This is quite
q large sun for an institution doing
business on a cash basis. Chief Clerk
Scruggsain speaking of this matter
yesterday said that the committee
would, In its report, explain all this.
personally he mentioned several items,
sucn at 5000 due by suspended banks
In Chester and Manning, and some
other items of q similar nature.
THE REPORT.
The following is a report of the
transactions:
Receipts-Balance July 81, $SO,452.-
w; August, 4 4,640.S4; September,
S~SO,eoo.e6; October, Sill, 1878 total
Tor quarter, S24, 297 .9S; totalcash $327,-
1908
OBSERVATION-DISCLOSURES SOL, Ice. 81
September, $42, 98O.05; October, $780,
1889; total for quarter, 1929, 328:3I
balance in State Treasury, and in
1927. 75O.85. ~
Assets Cash in Treasury and banks,
SlO4,422.54 teams ahS wagone, $752.66;
merchandise at the State Dispensary,
inventory, $~45,554.24; whiskey in local
warehouses and lin transit upon which
government tax has been paid to the
amount of $13, s 9.9S; m~achinery and
office fixtures, So, 656.47 ; supplies, bot
ties, corks, labels, etc., SO, 92I.I III ; reve.
nue. license, $4,000; personal &C.
counts due State, $5,973 IA.
Merchandise at Count Dispen.
sarles, State profit added, 1924, 81. 10
deduct State u%nearned, $22, 1876. 13
profit.
Value Of above merchandise at cos
price In County Dispensaries, SIO2,
3O9.65 total, 1924, $1,000
Liabilities Personal accounts due
~ U"u VII 6ECudnUlSe ~nl1rGhaQln
$74, 327. SS.
Traxler's profit as revised up to ant
Inclusive OF July 81, $11O, 559. OK de
duct additional liabilities not schedul
ed. $2S6.36; leaving $11O, 272.6S; t,
which add two personal accounts or
generously scheduled by Traxler a.
liabilities, $434, O5 making TRAILER
net profit to date, $11O, 7O6.7 rs.
Net accrued profit April 80, $4S, 1927.
% net accrued profit July 81, $3l,
O66.65 not accured profit present quar-
ter, $~2O,6O7.l2; net ACQUIRED profit iron
FEBRUARY l to October 81, 800, 9OI .43
total occurred profit from beginning O
operations TO close of present quarter
$2lO, COS. l6.
The gain and loss account follows {:
Cam Gross gain on merchandise
$i4, SO5.76; gross gain on c%outraband
S4,OOO; Dispensary beer profit, 81,
a22.24; discounts, Sc, 160. % total, $50,
Losses: Bottles, corks, boxes, bar
reis, labels used during quarter, $26,
$3.50 breakage and leakage, $392. &c
labor, S2,4s'.36 insurance, 1865. 10
constabulary, S11,4l4.3S freight an,
express, $l2,S41.71;statiopery, expense
printing, postage, 81, 1926 2.
Loss by fire on Branchville Dispen
sary, adjusted on the three-fourth
clause basis, 1898. 40 net gain on sale
Tor present quarter, $28, S55. 81; total
$3.50, 689.12.
+, H PAST QUAGTER.
Net gain on sales for quarter endiri
October 81, $27, 1855. 81.
Unearned profits July 81, 1926. 619.3 81
reduction in prices on above, Sl2, 459
!, "; net unearned profit July 81, sine
occurred, Sl4, 1b9.34; total profit 70
this quarter, ending October 81, earne
and nnearned, $43,O Ole. 25 deduct ur
, earned profit on goods unsold in Count
~Dispensaries, 1922, sos. 10 leaving $40
= 507.12.