The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1902-02-11
THB EXPERTS FILE
THEIR FINAL REPORT
WIIAr FXAMINING; ACCOUNTANTS
SAY OF DIaPENsARY.
Bookkeeping System Praiaed-Ehe New
BuIhilgs and U;h:r aIatt RS Touch
cd Upon in the pOrt.-some RE-
comm, dAii0as.

pointed by the governor under the
a It of the general assembly some
time ago to make thorough exami-
nation of the books, accounts and
affairs of the State dispensary:
Sir: Under authority derived
from Your commissions dated at Co.
lumbia, S. c., January /, 1902, Gre.
sting MS IAN expert committee Of &C
counts, to make thorough examlna-
tions { + the books of account, 7ouch-
ers AMI warrants, trial balances and
balance sheets, invoices and entries
thereof and every matter of record
in anywise connected with The State
dispensary for the fiscal year com
mencing December /, 1900, and ED.
ing November 30, 1901, having this
day completed most thorough and
painstaking examination Of every
book of account, vouchers, warrants,
invoices and every matter Of record,
including minutes and correspond
ences ot the board Of directors and
al other transactions Of the record
connected with the State 1ispensary
during tho aforesaid fiscal year, now
have ths honor to certify, make and
submit, through the hands of your
exceIi5.ncy, to the general assembly
The following report, to wk:
(Tho financial statemeptg9Ven is
identical with ti.at presented in the
annual report Of the board,}
Foregoing report will be found
upon comparison to be an exact coun-
terpart of the report Of the Slate
bo ird of directors of the State dis
pensary for the fiscal year 1901, now
before you. We therefore beg to
state that our labors aud researches
in obtaining the same results COM
menced at thu beginning Of written
date and lead US through every re-
cord and book Of entry connected
with the State dispeRsRry, all OF
which we found to be correct to the
fractional part of a cent; forming a
system of bookkeeping very compre'
hensive and unsurpassed in neatness,
style and correctness.
Tue present hesltbful conditlo4 OF
the Safe dispensary, as is shown by
the foregoing reports, is made more
manifest and evidenced by the fol-
lowing comparative facts, to wit:
First. That the profits declared
during the past fiscal year are about
equal to those declared in any pre-
vious year, Notwithstanding grain,
from which liquors are distilled, has
advanced nearly one hundred per
cent. during the said fiscal year.
Second. That the values Of real
estate belonging to the dispensary,
by reasons of actual improvements,
has been increased nearly fifteen
thousand dollars, since our last re-
port.
Third. That during the said Pc
riod there has been a visible increase
in machinery and plant attached to
this institution.
Fourth. That stock taken No
vemper 30, 1901, shows an increase
in merchandise at the various dis
pensaries of $41, ,523.91, and at State
dispensary of s110,059.85, and that
personal accounts due the State are
in excess of those due 1900, in the
sum Of $l,S29.SO.
Your committee, in view of the
great advance in prices of all kinds
and grades of liquors, commend the
good business judgment of the dl-
rectors for having purchased more
! largely than usual, when they dis
covered the possibility Of advances
in prices OF all goods dsailed from
| gram. For in their business sagac-
! ity they have thus saved thousands
of dollars for the State dFspensary.
When We submitted eur last re-
port We yentured to make some re-
commendatioDs-notablyy as to con-
stables being required 10 be more
accurate in estimating the qualtities
Of liquors seized. By careful com
parison of Seizure Book with the
"Receipt and Dumping Book" etc,
it gives us pleasure to sey that de
creparcies complained Off said re