The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1897-10-26
STATE DISPENSARY
sPATnMRNT EOR THE PAST QUART EAR
+ 49,. E-gr YMAR,
A Great Failing on --sops Worry IHportont
recommendation Nss PROFITS show
w <8HB.6S8-Ih sthe Soup"
lThe Register, 2lst.]


:. Tho report made by the Legislative
examining, committee has been sub
nitted to Governor Ellerbe with GER
tain recommendations made by them.
The report has some valuable in
formation in reference to the dispen-
sary and it's business. It follows:
Columbia, 8. O., Got. 20, 1897.Q
To His Exssllsnoy, w. H. Ellerbe,
Governor.
6ir:--The committee met on Mon
day, Dot. 18th, and proceeded to ex-
anime the books and financial trans,
actions Of the state dispensary .for
the quarter ending Sept. 30, 1897.
Tho stock of liquors and supplies
on hand was taken on OCT. LIST by
Mr.. J. B. Douthit, representing the
hoard ~-ssf control and Mr.. J. P.
Thomas, Jr,, representing this COM
mittee. The amounts of the various
Inventories taken, appear upon the
statement o., the assets and liabili-
ties hereto attached. All tho stock
and supplies were actually exhibited
and counted, and valued except GER
tain goods in transit, invoices of
which had been received by the book
keeper and entered upon his books
during tho month Of September. The
original invoices Of these goods, to
wit: Three hundred and thirty six
barrels Of whiskey and so cases of
whiskey were exhibited amounting
to $2e,297.O8. These goods were
counted as ON hand and included in
the inventory.
Tho balance sheet Of the state dis
pensary for the quarter ending Sept.
80, 1897, and the statement Of assets
ind liabilities and tho statement OF
profits and Losses, were checked by
the books. We append to this report
copies OF these statements and also
copy OF tho cash statement for the
quarter. There appears upon the
state Of asseta end liabilities under
the head of "Unearned profits" $45-
O8l.14. This item consists Of the
estimated profits on goods shipped
to tho county dispensers and ,nsold.
It has been the habit for some time
to estimate these unearned profits
and make an entry Of them. We
reeommend that the practice Of enti-
mating the unearned profits be
abolished, for the reason that the
same are uncertain and misleading.
We have examined tho original in
voices Of ali'liquor and supplies pur-
chased during the past quarter, and
also oil vouchers for disbursements
made. We find the books and en-
tries therein correct according to the
record and data f. nished us. The
state treasuror's report shows, on
Sept. SO, 1907, balance Of cash in
state treasury amounting to $751;
53O,6l. According TO the cash book
OF tie state dispenssry, the balance
Of cash amounted on that day to
900,873.24. There was, therefore,
on that day $8,6b7.a7 moro in tho
state treasury than was called for by
the books Of the state dispensary.
The warrants drawn prior to Got. 1st,
and unpaid, amornt to $8,651. .83, ac-
according to itemized list furnished
by Che bookkeeper. This makes the
difference between the state treasurer
and the state dispensary $6.04. At
our last report, this difference was
S18.O4. This amount is now reduced
TO 1904 by the payment of warrant
No. 80, drawn in April, 1896, which
warraht has heretofore been unac-
es2unted for.
= Wo have examined the matter of
insurance on local dispensaries and
find thatthe amount of|insurance runs
from ton to twenty five per cent. of
the, stock on hand. If the policy of
insuring local dispensaries 10 to be
followed, then In our opinion, the
insurance 10 inadequate and should
be decreased.
We find that tho present law re-
quires that all dispensers give uni
form bond of $4,000. We find that
some Of these dispensers Garry over
$1,000 in stock, and in many GASES
fha hond ops EQ 000 Ia Soto1l, ;naaa