The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1902-03-11
DISPENsARY PROFITS TO BE GIVEN
TO SCHOOLS.
The Legislature Provides for the amount
of Assests to be Very Materially Ra-
duced,
The State, 18th.

B l. uO oUoSOS s0A'/
The State superintendent Of ed
ucation more than year ago al
rected attention to the fact that the
dispensary authorities had invested
in LIQUOR a lot of money belonging
to the public schools of the State
There was no way for the funds tc
be gotten for the schools, and the
dispensary authorities claimed that
the funds were needed as assets
upon which to conduct the enormous
| business of the dispensary-o7e1
two millions of dollars year.
At the last session of the legisla-
ture there was some talk that the
dispensary keeps too large stock
on hand, and an investigation was
suggested by some, but the matter
went up in smoke. However, the
legislature passed an act reducing to
100000 the amount of school
funds to be used as assets by the
State board. The act also provides
more specific mode for apportion-
ing and declaring the profits. The
new act says:
That the directors of the State
dispensary shall pay over to the
State treasurer by January lst, 1904,
in equal semi annual payments all
of the school fund reported by them
in excess of 100000 for the benefit
of the common schools of the State,
to be spportioned by and paid out
on the warrant of the comptroller
general as is now provided by law
for the spportionment and payment
of dispensary profits for the benefit
of said schools, provided that the
first payment shall be made on the
3Oth day OF June, 1902.
Section 2. That from and after
the approval of this act, the direc
tors of theState dispensary shall make
aquarterly statement for the purpose
of ascertaining the net profits accrp-
ing to the State from the sales made
from the State dispensary and shall
pay over the profits so ascertained
to the State treasurer within ten
days thereafter for the benefit of the
conmoD schools of the State, to be
apportioned by and paid out on the
warrant of the comptroller as is now
provided by law for the apportion-
ment and payment of dispensary
profits for said schools. The first
settlement made under this act shall
be on the 91st day of March, 1902.
Section 3. That the county treas
urers of the several counties of this
State shall not pay to the authori-
ties of the several cities and towns
entitled to dispensary profits, their
share of such profits except upon
the warrants of the county board of
control and county auditor issued to
the authorities of said cities and
towns, when settlements are made by
them as required by law. The said
county board of control and county
auditor shall at the same time also
certify in writing to the county su-
pervisor of the county entitled to
share the dispensary profits the
amount thereof to which the county
is entitled.
Section 4. All profits from county
dispensaries subject to distribution
among the counties, cities and towns
of the State which have accrued since
the fourth Monday of December,
1901, and which may hereafter &C.
crue, shall be distributed monthly
among the counties, cities and towns
entitled thereto in the proportion
fixed by law, and that the settle
ments to ascertain the same shall be
made Oh the fourth Monday in each
month, instead of quarterly as here
tofore provided by law.
The act has been approved by the
Governor.