The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-02-03
STATE DISPENSARY,

STATE DISPENSARl,
ATlAsT THE ANNUAL REPORT HAS
BEEN ISSUED.
Record OF Eear-Interestsng Eigares
Presented by the srste Bosrd of Con
trol-The Practicsl Results.
The annual report OF the State board
of control was recently made pub
lie. This document has been awaited
for some time. Here is wh&t 1he
board has to say:
Office ofState Board Of Control,
South Carolira D!Spensary.
Columbia, S. c., Jan i, 1897
To his ExcelIency, the Governor OF
the State Of South Carolina: Pdrsu-
ant to an Act OF the General Assembly
providing for a State board OF control
for mana cement of the GiSpenssry,
the undersigned assumed charge Of its
management on the first day of las.
April. and found its financial status TO
be as IS set forth in the following
statement of assets and liabilities tax
en- from the books OF the disp2nsary:
ASSETS
Merchandise in hands OF
county dispensers, States
profits added. Sli5 ,0SS 20
Less States unearned proh:s
added at time OF ship,
ment............,...... 41,453 II
Value ofabove merchan-
disc (coSt price,. ......s$lQ3, 634 43
Amount due by exdispens-
ment. ............>.... 1926 4s
Stste...........,....... 4,4OS o6
treasury -. 1921 %
tory.................... 1857 25
tures................., 1855 Al
penssry................ 7s,057 II
Supplies at State dlspen-
sary.. 4I,'3l OF
Total. ....,.S24t, ,s12 81
LAB1hTTIEs.
Personal accounts due by
States. se..s...........s..S 2,Voo 90
Due from general fund OF
the State from former
earnings. s..........ass... 19Z. o2f %
Net accrued profit for pres
entouarter passed to cred
it State School fund..... 4,299 81
Total. tal...,.....,........,s241,212 212 81
Before assumIur, the duties OF our
Office an inventory of all liquors and
and supplies on hand was carefully
taken by committee composed OF the
Legislative examining committee ana
representatives of this board. we
found liquors on hand at the State
dispensary tothe amount ofS3S73, 067 II;
LIQUORS in hands of county dispensers
S145, ,CSS20; supplies S47,74L54, and
cash in the State treasury So, 92l.22 as
set forth in the above schedule OF as
sets. We found an accrued profit due
the general or current fund OF S92, S4l-
SO, and an accrued profit Of S44, 299 50
to the credit of the school fund.
GENERAL FUND AND SCHOOL FUND.
As frequent inquiries into the sub.
ject shows the fact that many citizens
of the State do netclearly comprehend
the legal status Of the general fund,
and the school fund in respect Of their
association with dispensary profits,
we deem it wise to briefly comment on
the authority creating school fund
from the net earnings of the dlspensa-
ry, and trust that we may sufficiently
elSsidate it as to make it readily un-
derstooS by those who may make tu-
ture inquiry into the matter. There
are many who seem unable to under
stand why the general fund had q pri'
ority of claim over the school fund on
the first of January last to the amount
of $192, 2,s4z.S9. It is simply ques-
ton of law, and IS the direct out
growth of that specific requirement OF
the late Constitutional Convention,
which ordained that the net income Of
the dispensary from the first OF last
January shall be put aside for school
purposes. Before this ordinance be-
came operative (the Constitution itself
not being of force until the first OF last
January there was a balance Of net
accrued profit due the State to he
amount of 1892, SAT SO
This ordinance not being retroactive
did not, therefore, make any provision
for the disposition of the 1892. SAT 50,
which had accrued as anet profit prior
to the first Of last January. And IN
the aDsease Of any legislative enact
ment placing the net profits OF The
dispensary accruing prior to January
last to the credit of any specific fund,
these accrued profits were placed to
the credit of the general fund OF the
State, and being the oldest claim must,
therefore, be iquidsted from the accu
mulsted cash surplus before the school
fund Ghe younger claim) can hope
for any payment from the cash accu-
mutations of the dispensary.
We have paid into the State treasury
in the last four months S10O, 600 to the
credit OF the general fund, and will Il
ouidate the S92, 900 balance that is to
the credit of the same fund by the first
Of June.
TO TIE CREDIT OF THE SCHOOL FUND.
There is now to the credit Of the
school fund S222 937 81, which repre-.
sents the net accrued profit from the
business of the dispensary for the past
year. 4 conservative estimate OF the
possibilities of the business guarantees
safety in the prediction that we will
make first payment of SIS, 900 to the
school fund by the first of next July
and ike amount by the first OF Au-
gust. And for the months OF Septen-
Der, October, November and Decem-
ber s25, 900 each. Should these expec-
tations be realized, we will have paid