Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1905-01-18
10 the Honorable, the GentlemenI|
the General Assembly.

- 49, .S-e@-s '-ff
MESSAGE
10 the Honorable, the Gentlemen
the General Assembly.
The. annual meeting of~your .hoT
able. body brings a season .ot respei
"ble duties, of arduous labor. In
cordance with the requirements OF
Q Constitution, Herewith submls-to'f
my Annual Message, with the ASSURE
that I am ready to cooperate WHY
In advancing the veal and the dlge
of our commonwealth. AS mattf|
prime Importance, shall first dH
your attention to the condition oi|
States finances. .,.ss.,:.... -. -
FINANCIAL CoNDITIQNso oF'sI IS
: STATE: ssss5,ssss IS
For mum years past the IS
has been underSthe ecessltys OIL
rowing money !to@meet its cnrTen
penses. The amount borrowed hasH
annually increasing, until the slastsE
the State Treasurer was compelt&
borrow the sum 3ofsS500.000. TheE|
son for this increase lies in they
that since the year 1900 the expM
lures Of the State have annualleS
cedded the revenue. rs
In 1900 the expenditure eX- Es
ceeded the revenue by ....Sl0,W
In 1901 the expenditure ca #
ceeded the revenue by 49,. l3, #
In 1902 the expenditure ex-- s
ceeded the revenue by ...... 20S, 81
In~19GS there was an appareIf
cess Of revenue over expendlllEs
amounting to s56,304.29, but in #
the expenditures exceeded the rd
by s32.S33.57. for the reason th @
sum of sS9, 1876 was then receS
settlement of claims against thes
States Government and was fptss8
the. general fund. Last year ag3
expenditures exceeded the reyaz
:. at least 500, 600, I making a tota @
OF expenditure over revenues
1851 for the past five years
In 1909 the General Assemble 5
ing. that this condition OF af1al @
@no longer exist, appointed a G
to consider chow best to put t
upon a cash basis, what aS
sources of revenue. for tn So
!: available. and what changes s:s
made in existing laws. for thI Is IssssSas
ament and collection Of taxes. s5Ss
The committee reported a. MNss M
session. making several reco
tions, the only one adopted. &
being license tax upon all
tiions. This.laW became oper
year. and it is estimated tn i
!. add sSo.C00t to the States reve |
estimated revenue from tha8
levy for the present fiscal "
$1,050.000. The insurance lid
and the fees from the Office
retary of State; may be es
s50,0c0. To this we may
from license fees, making
enue for 1905 Of 81, ,1S0, 600.
1t will thus be seen that, 8l|
penditures are the same as ss|
there will again be a .,defici
no provision, made to place
upon a cash basis. l33||5A
SINKING FUNDS
The assets Of these severa
December 81. 1904, are as
Cumulative Sinking Fund
ton and payment of Sout
Brown l-2 per cent BonSH
248.59. :. Ordinary Sinking
: l09.SS. Of which S2.936.73
escheats and ssl,173.l3 to th @ @sl
Sinking Fund proper. Sin kSs3SsS|
for insurance OF public builGa
,471.62.s :.
On December 10. 1904.
Court cf the United States;
!. decision Of the United ST
Court. in the case OF Lee "a IS
inson, and declared the.Re Is
Script of this State to be u
the Act OF March 2,.: 1872,
this script was issued. an
year OF it's issue, it's valid
stant.y been before the coui
decision the State is fore
of the liability to redeem
Of script outstanding, an
TO her finances has been re
the decision been the OIL tHs
State would have heen con,
this $780, 900.
EDUCATIONAL, lNST1l
/ am deeply gratified
your honorable body that
pastayear the great cause
has continued to adVanceE
No greater nor more
cause can demand our tho
ant. QUE. best energies. lq |Es|
): terial and-'industrial, aa
have proposed, and to ],
common schools and ou
tutions of learning reflece
and prosperity in the high
most important interests oB
wealth, shall be, as it is. 3s
pride and OF pleasure to.u
labor and money spent l:.sss.
Of educating our childreN
turn. taan which there ssS:s q
) er. Ignorance is.an evil: @ ssss
NOT afford to permit-it
againstt: the future, and
this Geplorable conditioI4
money we'll spent at alrg
The sririt manifested byst |9
! our people all over the st S.
- guarantee Of the hope traE
will continue to reveal
even greater success III th 81
tant Cause. !.
The eports of the
tions OF learning whichg
by the State will be sub s.
by the State superlntend @
tion. These papers will
interest and every one w IS
: isfactory condition Q. at ||9S
in these institutions. i zBS
It is necessary for mel s.
tails. especially as the &!
compete. will be befoIe
At t'.c South Caro-
enroll ant of students al
); lieve, Than ever oeiofss
The naw normal schols