The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1904-01-13

dcVolNes the
all rigid supervision
ing them require proper listing of property cscap
ing taxation Second by license suggested by your
mitee; third by increasing levy undesirable
as 1t will only place additional burdens upon TAXPAYER
while the tax dodger" still escapes.
IN connection with this OF my message l wish
knowledge obligation the departments Comptroller
General and Treasurer for the information which has enabled
to furnish you with accurate figures the financial condition
the State.
INSURANCE LICENSES
The Comptroller Generals report concerning department is
strong ano businese subject report
shows te number Of companies doing business in this
State their financial condition. amount paid TO them in pre-
mums and the amount paid for losses incurred aggcgag
very large totals.
This report embraces workings of one OF the most important
business departments Of government condemns the
present insurance laws being defective Inadequate and
offers suggestions providing for the compa-
nes organized i'll this State with protecting citizens
against irresponsible companies The report also
many changes license laws including schedule
tees to be paid and regulating how and to whom paid
These changes and ar-reaclng They fully
tailed i'll the report and for ATTEMPT to Gnu
them here estimated proposed changes
the State will total $27ooo this source
and quote only the following relating portion
the report:
This would give Of $1osooo April r. 1904 avail
able for the general expenses Of the State In
ton to this the State would receive quarterly
on the gross premiums received i'll of $o3ooo making the
total revenue received during the 1904 course
the revenue for will drop back say $35ooo This law
would be better for the State and ecopanies relieve
this office and the of great expense and trouble
This strong business subject and
i'll arranging for State finances worthy your most
careful attention The estimated figures decidedly interest
ng and IT, as stated the proposed law would be
the oate ana the insurance companies this in itself would justly
your consideration Such license law as ont
lined has been adopted by States in North
oaron and from what understand giving general
isfaction
DECREASE OF PUBLIC -EONDED DEBT DURING THE
YEAR 1909.
The principal fundabe of public debt of South Caro-
Ina has been decreased during the 1903 by $12ooooo
State Capitol Bonds Government
in settlement of claims of the State Carolina against the
United States Government and decreased books of State
urer by $37ooooo Blue Ridge Railroad Bonds off the
books by direction General Assembly (See Acts
of 1908, pages 200 and a67)
The following figures show the bonded debt State:
January 1904
Principal funded .$os14oz4 ID
lihclpa 1uhoaoie.. 17o,eos 81
s66s4,s8a zs
AS figures there is an outstanding credit IF
S4o3277.26, as shown below.
FUNDS
The assets of the Cmatve Sinking Fund reduction
and payment of the South Carolina per cent bonds
and stocks having been increased during year bv
$o243 aggregate $4o32772 all of invested
and loaned yield from four per interest
The assets of the Ordinary Sinking having increased
S38oo2 during the last fiscal year, December H. 1907
amounted to s63s73o, of which s27o41s belong csc,eas
cent annual interest
SINKING FUND.
Under the law providing for State Insurance of Public
ings Is Sinking Fund policies running carving
$838o7o of insurance public buildings at an aggregate
premium of $Soo81 The the close of year
1903 amount to of which $6oooo five per
cent annual interest
A FINANCIAL SETTLEMENT WITH THE UNITED
STATES GOVERNMENT. E"
am glad to announce to that through the efforts of
lhnan an important settlement has been effected Ma
ona government This transaction involved payment of
Claims aggregang which cash pay
men OF 80 into our State Treasury This
greatest and congratulate ourselves upon
so satisfactory settlement and which at so opportne
time shall have the pleasure of transmitting
special Tlman