Keowee courier. (Pickens Court House, S.C.) 1849-current, January 26, 1850, Image 4
i? * iT*ii - i , >-r~ , ,rM,1: A?T.I
REPORT c
OF TTIE JOI"T SPLCIAl. COMMITTER OF IN- i
K?FotroN' ron the eank nv rur ?t?t? ,
of gorrn cahouna in chari.f.'?iox. j ,
To the Hon. the Senate uvd Ifontr of <
Representatives of the Sta'e of South '
Carol iva': '
The Commit too of Inspection for the ' '
P'incip;'! Yhink of the State of South 1
Carolina in Charleston, appointed 1 >v ? , '
joint resolution of loili Irrnches of tin- '
Legislature nt il el.M session, ie>pectful- v
lv submit the following report:
The net of 1824 which Dioxides for f
11:0 Appointment of Commit ( i>s of In- j'
spcct ion. nv kc? it ?1i?*ir duiv "to rxam- i 1
ino minutely into the nfTits and situation I
of the Bank and its branches. for which '
they are respectively appointed;" o<\ in
other words, as the Committee under- '
stand it, to take an account of lie funds , *
whith the St; tc lias entrusted t<> the :
Hank to I e employed in bar.kirjf. nnd of '
?uoh other funds rs may have come into '
its possession ly viitvc of tl e e edit i' '
derive? from its capital, nd the MJn?*r
ndded pledge of the public fniih. It i-^ '
ncccssuiv, therefore, Icfmc p: receding
toexhili: the mult of ti e exiiminntinn,
to present a brief st;it< meat of tlie sever- , :
nl (".nds for which tlie 13 ink is iiccounta- !
Me. Those entrusted to it bv the Rtnie '
to he employed in bunking, arc: 1-t, The
Ciipit.nl, so cidlcd. 2d. The >inVmir fund
3d. Tho fund rnisul hv loan u:ider the 1
act for rebuilding the City of Charleston. '
comntnnlv r*:!! tlu> T'iiv. I rv<?i Finvl
TirK CAPITAL.
By the net of 1812 whicli e-tabli-hed
the Dank, it was declared tint., certain '
stocks, honds, niul oilier securities, then (
lu-ld by the Stale, should constitute its
capital, and bo vested in the President ,
and Directors. And by another net
passed the following yc:ir, the Comptroller
was directed to transfer to tlu* j
Bank on account of capital all monies re- ' .
mnining in the Treasury on ti e 2d div ;
* I
of vlpiil in any year, and which had been
received within the year preceding thnl .
dav, which last provision was repealed
in 1810.
The Bnnk went into operation in the
vanr 1 fl 1 f? on/1 l /.tu-non .??wl
1810 it had received l>v tali's of the
sleeks and collections on account of the
bonds and other secuiitios above mentioned,
and by surplus monies transferred
toil from the 7'icasury, the sum of ?1,.*<72,250
GO. In the meantime, in pur
nuance of one of the pmvisinns of the
charter, by which the B ink \v:?s inquired
to redeem the outstanding deb' of the
State, it h?'d in or hefo-e 181ft redi?em?*d |
of the G per c- ii.. stock $142,27050
And of the 5 per ct. stock
at the cost of 33,550 3G
A -.1 : - 1 ft.vA 1 ?
?-mu in iota 11 rcaeemcci
at 0 pur cent, stock 2,"281 15 !
And cancelled $05,502 50
of the 3 per cent. stoi;k,
at tlic co?t of CD.Gil 02
vlnd in 1844 it cancelled
of the 3 per cent. $53,063
10 at the cost of 32.000 75
$24 8,802 87
Leaving the balance of en pi' 1 i i 1844,
$1,123,357 73, at which sum it has stood
erer since. Sue schedule B: nnexcd.
Sinking I<Ynd.
By an act pissed in 18-21 the Hank wns
required to open an account i i which it
should debt itself with all its f rim- pror.#..
>u... -i?i j i- .....
i.vj <?-? wicv smi'JHi ou Jinnu illV (lee! ncd:
r.nd the fund so to he raised w:is pledged
find set apart for tin* payment of the interest
0:1 the 0 per cen\ sto.:k of tlie
Slate; and the 1111! redumption of the
said st>ck, the amount of which was
$800,000, issued in pursuance of an act
passed the preceding year, winch also directed
that the. *aid fund, though not
m nde put of the capital of the H ink, ]
should he employed in the same nvmne-1
as the capital: In 1822 an act was pm> ed
authorizing the sale of $200,000 of r>
per cent, stock, for which the same fund
was pledged, nnd the stock was accoulingiy
issued.
Under another net, pam-d in (824,
there was a further issue of 6050,000 of
5 per ccnt stock, also charged upon the
same fund, There was another issue of ,
$300,000 of 5 per cent stock in pursuance
of an net passed in 1820 Mild though the*
net contained no provision pledging the
profits of the Hank for the payment of the
interest, or paiacipal, of ihis ! vin, or eh '*
gin# it upon thoSin\ing F.,nd, it seem,
to h ive been understood l.y the Treasurers
nnd the Bunk as a charge upon the
fund, and was accord inj/ly so treated.
Tim fund credited with theanriv. .1 pn.fi s
of the Bank from the first October, 1822
to the fir*>t Octobr.r, 1BHO, I o;h inclusive
arid debited with the inter-st paid on the
Mock al?ove mentioned amounted on the
first of October, 183W, to the sum of 8850,602
84. Jn 1540 the 0 per cont
flock, issued under the net of 18'20, be- 1
came redeemable, rnd before the li st of
October of that year, tho sum 708,005 |
06 was te lecm*d nnd ??.:
n looif, wnvn u wns ueemeu expedient
or the State to m;ike sin immediate nd nnee
of twelve i-ist?>lmpnf?", nmountmjr
o?0n0,000, ilip Comptroller General
v s diee'ed lo i<?tio suid deliver to llip
!l:Ml.o.id Company 6000,000 of G per
out stork, iiistean of requiting that sum
o be pnid hv the Bank; and by tlie same
ict the interest nil s id s'oek was made
waive out of ilie Sinking Fund mid tbc
wpitid and niolirs of tlu' B.'ink, mid the
?>d:inep of tlie sut plus revenue, beyond
he amount requi rd to p:iv the four in
t;dments of the <uhse iption to ll e H ilo-id,
not mlv:>n<'<*(!, were pledged for ihe
nvment of tlu* interest :md piineipnl of
he s; id stock. The ; mount of the surf>ln-i
ievenue then on depo?i? whs >851,12
rn of w' i<-h $'200,000 would l>e repii
ed to p-v he four instalments not ik1runeed,
1?*:?\ i [? the sum of $'051,422 00,
which w;is (";r: ied to the <5>inkintr Futul ?s '
ihove men'io-u'd. It wis then njjnin
[ . si el $.00,228 07, nnd hnvinp been
c 'i'c 1 w ill) th?? p ofi's of 1,8 !0 n?i 1 8l1.
ii id (!ehi e 1 with the snvill h ilarce of
the 0 pc cent stock of 182:"). p-id -i-,ee
lie fi s' of October, 1810, nnd tin* inter'st
paid n th 5 per ce it stock of 1822.
1824 nnd 1820, nnd the 0 pc rent stoH;
r?f 1880. mounted : 1842. ft770,y.?,G 54.
In th.it ve ir tin- !) pe cent stock ofl822
lmnuivi'!" to $200,( 00. hccmc redeemihle.
and was icdeemod: whereby the
fund w ?s reduced to &.">70.onG 55. In
1813 the B>nk received and car' icd to flir?
i"edit <>f iIn* .Sinking Fund ?'ft'.?.3n0 80
of the five per c?*n* stock i<s\n?fl \ \ p- vmeut
of tin* suh?cintion of t! cS n't* to
i lie Sou hwestprn ll-dlro-id B-mk. O'elitcd
\vi:li thi>;ind wi h the profits of 1843
it amounted ti> &812.200 40.
15 injj then debited with 11 note of the
Trustees of the folnmhia Female Acad?
my, for $2,801 CO. which the Bank was
di ected, liv a resolu'ion of the Le?ri-11
lire, to rclenso. Wjh interest jn'dnn
the Stnto stock it wits rg:ijn reduced to
$741,120 01. hut, S.Mti-r o-c lit- l h 18 I t
with si bidnnro of $200,000 of the sursurplus
revenue, which wns, hv mine*
p issed in 18 in. diooted to I e tmnsfe,M ed
to ;hi< fund, mid wi of h t
iind the ilivi '<> k. 11.c*
shares (if the >S' l'e wes'e
Un'l o d Uiir.lf, i' ro c ^j^mto ?1,0-10,120
01.
It wis then fh"' re.l with ih.c f*. *!; v. vcc
amounts of s'oek, whirh had been purchased,
ind lid 1 bv the IJ;?nlc, v:z :
(5 per cent ^-'ock is<u?-.! for
ndv.incc to It It Cumn, $0,378 80
5 " 1824 00,803 12
C " 1820 04,322 00
nnd t In- 5 per *ont stoi-k
of 1 808 receiver! for dividends
in the K.It.
Hank slmies above
named 32,000 8^
*2)0.911 r>3
All of whi-h was cancelled, and which,
with the into c-t pud on the Slvlo stocks
in th i' vi' i , roduc<*d tho find to ?777,001
88
Since tint time it h x boon ro?*ularlv crod
i od wit!) the annual piofi s of tlx* Hank,
and tho di\idor.d of the share of tho Slato
in tho R ilrci d Hank. and ih-l i'od will-.
the inte/est pud on S ate stocks, iivi li is
jil o been d -hi e l \\ i h the 'blowing
amonnts ofSt -tc stocks redeemed, \iz,
!ii 1810, ],">(), :ilO .'{2 of the 5 percent
k'o> k of 182-1; in 18 111. 2,287 r>G of t he
5 percent s'oe.h.if 1821, and 21!),in0 0fi
of the f? per ce..t stock of 182(5: in 1817,
.">00 <>f the 5 per ? ont steck of 1821; ar.d
1010 of ti e f> percent stock i f 1820: in
IS 18, 80,*>.05 of tliefi per con5 stock of
1888, and 188,078 1 i of tlu* 0 percent
stock of 1801); mikI in 1 8 10. 218.08 of the
0 pe-1 cent stock of 1800, IciviriLj the ba!
nnce on the fi st .1 mic l-i: t i>28,240 72.
It should be i(invoked that the inte est
on the Fire Loui Iuir !i st heen paid out
I tin .1 ~ - I
... ...V ?| HI N IJIMI) X- C MTV 111 Of I lie
t:??]:ineo lot' cc edir of the sinking fund.
Schedule C.
1 !:;? : low FIND.
Ti e ?el for rebuilding the ciiv of
(ha lrslo'i, whic'i autho ized the issuing
ofS-ito 1>oh1< to the amount of 200,000
provided Unit, the money to b<? "aise I bv
th s lie of the hond ? should ho deno i cd
in the IJ ink of the S ate, and berome a
part of its c.-ipi:1. Five per cent bo'uls
to the amount of ?233,000 were sol J ii
England, v\ I ich.
produced in
("h.iiles'on 1,045,*08 70
Ai.d 0 par cent stock was
issued at par for 00 1,4 14
Maliinfif nnnircrrey itr of vnno i *
Of which there was c-irried
to the account ft itarest
awl oxponaos of the 1 mn 0,883 15
Leaving a hnl inct of 2,000,000
Of this Lonn I he Hunk has redeemed
and c inselta 1 the (?!l.ywi:i^ amounts, viz:
In 1814 of the 0 per cent
stock 150.413 30
In 1815 of li e 5 per cent
hnnds 33,833 33
yliul in 1818 of ihn
same 20,060 00
Leaving the bnlancc of
.. ... ..... . ........ .;Tn
the fund
$1,783,080 70
CIKCTLATIOW
At the date to winch tins report must
1 e understood to have reference, viz: 1st
of June last. the Hank has charged itself'
with Bank Notes issued amounting to
1.CC3.202. For these no:es, for which
(lie eapital of the /?ank is respi tiHhle and
the f?i:h of the Sliite i>? aUo pledged there
was or oui>ht to ha\e been received at
least an equivalent amount of notes discounted,
or other securities for which the
Iiank is accountable.
Detopiis.
The Rmk stood debited in its own
l>ooks xvii h a bnlanee of deposits received
on account of indixiduids, public officers
jind corporations nmouii'iug to ?711,187
01. And luid for the State Treasury
$54.f 81 20. It s'ood debi ed al?o
with l ills nav:d>le for $'-10,000, and with
wrh a 1>; l.-mce d\ie the Rnnk of //;iml.Utfr
?22.8 17. for hoih of which it miKt
hnvi rercivcd value. ,/lnd t <ore stood
to the c edit of tin* di-count nnd in'e cst
,jvo!est accounts -05,572 00. So llint
ihe nmoutit fo>* which the Hank was nocountahle
on the 1st June last wasns ollows,
\ iz*
Capital. - .*5 123 357 73
15 nk N<?tc.? i^ucd, - 1 6f>3 202 00
Sin'iinir Finvl, 528 210 72
Fire L? nn Fund, - - 1,7S.*? 70
Depo its, .... 711.1?7 01
Sttvte Troftcnry, - - " r>lfHl '20
Wis Pnvnble, ... do ooo oo
Italniicu nnil?ir^ Bunk, 22.847 t'l
DiInterest n?d Protest Account, 95 5"2 Oft
< 6,032 075 3.1
Tl.? Rink nccounls fur iIiom* funds l?y
cxliihi inuf 11'?ir- ct i iv Irrl in I iii> ;uid
iki'.i". md I nnd* of individ?r1> ?tnd corp<'tions,
iudijcmonts, * p'ric I): nk no'o<,
htooks re I o>i-it'', h il inros .insi i's
lir; ne.hc> s'nd j'j^ni'io1*. ft"; i ist
the State to" inv-est h?'I expense- >? the
loin fur it'lniildinLf the Ci v of <*l?.n l??-=ton,
fo ei_rn and domes i exchange, and
bsil mces nir- inst Hanks and o'her i'jven's
and c 'ncspondents abroad and incidental
ex; etivc-5.
"Willi a view to the greater facility and
dispatch alVo-ded by (he ode' Iv arrangeent
of business, the committee be.fo-e
ii.? ? i -i '
rim- I'll n pun uic invcs'iyjuion wrocll
they lr.trl to mnki', onu-ed schedules to
In- prepnted, i'.inu- under one view,
: II iho important tvtrlieulnrs of cich
i'r m of the nor; 1 s'a'ement nf the
credits of the Hank. Fo* example to
I'Cifin wi'hthe l iri^ost nnd most imports
nt i cm, the hills nnd no'p< discounted.
Tin* schedule of the e contained, in distinct
columns, the names nnd residences
of tli1; niiikrrs nnd endorses, the d:s!e,
amount, nnd time of payment of each
no'e or Kill, with the nature nnd I >eati">n
of tin; pronevtv awl fccmlties if nny.
With this, schedule before ihem. the commil
tee in the fi nt place voiified by inspection,
such of the partieul irs above
! stntctl as nppe i> ed from the papers themselves.
Hav ing dune this, tney proceeded
mor? deliboatelv to consider each
note o- l>'lI w i'h in ference to its character
:nd sufficiency ns a securi'v for the
nv n-v it eniraired to n-v. II'Iumo i 1 w?
committee we e not themselves, o.- some
of them, acquainted with th ci. cumstanccsof
(hi* parlies, thev sought and o!tailed
information f om the host sources
wit'iin their reach:in manv eases by senfo<\
: nd ex-mil ing the persons who
we e believed !o p'ofrss the inform: tion
they required, and in other eases, wlji? c
they were at a distance, hv written communications.
The I ills and notes in ihis
schedule si mount ccl on tin* whole to &1.170,081
CI. It in? lude< n few notes,
\vhi<di though their time of p-iyment, is
long; inee p:i<t, Ir ve not been put in suit
m I therefore do not nppeiir under the
he-ul of hills nnd notes in suit. Note-1,
nnd p irts of notes of thiseliss iitnoun'*
i; 1 tC to .">,508 4 1. 'ire hopelessly h d. nnd
ought in the opinio*! r?f the eommi tee. to
he esinied to the debt of the profi'snnd
lo s 'iccount, other notes in this schedule,
no' of t,he el -ss Inst mentioned, Amounting
to .1.80 00. nppe o-i'd to the committee
to he of doubtful clrirncter. The
hill included under this hend, ?ire only
id ind hills. Other I ills nppenr under
i ih-no wh or r or. i<rn nnd Domoslii- Ex
clian.'i". The snm< cdtw wiis pursued
in relation ti? o'eh of the otho" ho ids.
{Continued ,*ext week.)
It.i?s? 'id that the cost of tin* oi{jni"?
smo'cd in Now Yo k eity > mounts 'o
$10,000 d ilv. If tliH ho. i'uo. the d ilv
o: tur? oitfit s smok"'l t' r >u<(' o t lie
lT,ii<>n would Amount t?> $40,000: o $1 lft000.000
nnnulv. Dodu "'inif fwrrt tM<
sum nne-tlii (I for mi^'loul i'ion, tliow
will still rem i'l enough fo hnild the Pm.
oifii*. r;:ili'' (id, construct the tfilejjrnHi,
antl Imv the curs. Let the smokers hold
a convention, and devote their ei<{?r money
to the -/viff-o inunce of tlijs great nittionul
wo:k.
JYO TICK. ~
ALL person^ jnvi'nj demands r.;r h<-t
the 15it-ife of Klixiheth RHblinjf, dec'd.
will h?n?l 'he,-n ill le^.dlv ;il'ested, :,nd
those in lehted nnust nnke pwment.
T ! I S'liMhir. ) 4 i >
M. 8. Stiidling, \ Adm
I Jan. 10, i860. 85 3m.
Blackwood's Magazine
AND THE
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Owing t<? the lute revolutions and j
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Dr. Ihinnn, associated with Sir David
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though rcj riuhd under that
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the ti le of ti e "Ko eign Quarterly und
Westminster," it being in fact a lilliun of
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TElcMS.
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For any t wo, do. 5,00 "
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] (l> )/l(bfs to be 111ft fir it/ fill CH.Wt ft> n,l.
ranee.
cu'iibino.
Four onpics of nnv orall of the above
worlts will be M-nt lo one .abbess on payment
of the regubtr subscription for
three?tbo fourth eopv being gratis.
*^ Remittance* and communicotions
should he always add e-scd, post-paid or
franked. to tbo P sblisbe-*.
LEONARD SCOTT ?fe CO.,
70 Fulton Stuekt, Now York.
Entrance 54 Gold st.
.jsin V.
SO* Til CAUOMNA.
Pifkms District.
Harriet Vamaut, vippllciint,
j'.t.
y'm in/fa Jane Van rant, Jeflha Norton
VarrjaRub'/7 IVill'am Vanzant,
J,utuna Elkahth Vonzaiit, Qcorgc Thus.
Vanzanl, IVfonr! mis.
- - * - - -
i! ii|>|ii?iuii"^ 10 nr sniiHi oupn llml the ,
Pefendents nil reside without this State,
it i-; therefore oiden d th;it they do appearand
object to the d'nisiou (>: sale of
the Red K-t: t of Willi .m Vnnzint, deceased,
on or hefor the Kighth dnv of
/Ipiil next, or theirconsent to the same
will entered of record.
W. D. STKFL^. o v. n.
O dinirv Offi.;e, 8 Jan., 1850.
? id
Aifin? mEOW?r,
Jttcrc/t a a f 1. \i ?7o >*,
\V~ -f ? ' ' * * " "
...n 1,1. n:ipvciuuiy lmorni iiis tnciuls
nnd i.h? generally, Una ho hn? on 1
hnivl a Fink Vajmk v of
IJKOAD CLOTHS, CASlMlfiftPB,
SaTIN'kth, twkfids, KbN'i cky Jkanp, ao
A
An AssonrMF.n'i i'kadv-makk
CLOTH IN (J
which he will ell cheap for Cash.
The public arc invited to call and ex
nminc his Stock, before purchasing else
i ivhore.
' PickcflsC. II May 25, 1810, '
NOTICE TO
BRIDGE BVII,Df!RS.
THE Subscribers have become owners
f Thayer's Patent Improved plan of
hiilding BRIDGES, for the Districts of
Vndcrson and Pickens, and are prepared
osell tingle liijhls or to take contracts
or building budges in the above district
The i;hovo Patent is pronounced by
11 sr'i'niifio mechanics, wlu have cinnv
tied if, to combine more advantages than
nv other biidge ever kno n?for cheap
ess, beauty, strength, and durability it
annot be surpassed. The great advanuge
ver all other bridges is, that any
?ie.e of timber in the biidge, can be tarn
out and replaced at pleasure, withnit
endangering its strength in the least;
bridge once built need never be remilt
entiielv anew.
For further particulars inquire at this
iffice, or address the subscribers at Anlerson
C. II., 5. C.
ll adpi env i. wvxt**
<?uviviuVil U6 ?T I IN i'i
Jan. 5, \r>0 33 1m
?( I III (/I I 1 J^A.
IN' IMF. COMMON! I'l.KAfl
PICKENS J) IS 7 RICT.
'Icnry Whit mire, ) Dec. in Attmhtnr-nt
vs. [ E. M. Keith
lohn Rishop. ) PI'ITh Att'y.
The PI iin'i(Thaving this day filed his
leehration in mv ottice, nnd the defendint
having neither wife nor attorney
crown to l e in thin State,?On motion:
It is ordered, that 1 lie defendant do appear,
and plo-'d or demur to the said de laralion,
within a year and n day from
hi-d ite, or Judgment will be entered by
lcfault.
W. L. KEITH, c. c. r.
Clerk's Office, J
May 10, 1840. f 1
mr w w*
ii v n I i' '< .
All Persons having demands against
:1m* Estate of Sheriff Ilayncs, deceased,
will hand them in legally attested Those
indebted must mal.crayrrVnt.
W.D. STEELE.
Noa. 17tl> Ordinary <fc Adm'r.
tf
NEW GOODS !
I take thix method of informing my
friend* and tlio public generally, that I
have just received n largo and well so?
looted stock of
Fall mi?8 Wiiitor Ooodn,
fresh from New York, of the latest styles;
jonsist in part of the following named
xrticlc* Broad Cloths, ,Sattinetts, Vest
patterns, Over-C'oaU, Fancy Prints, Alpaeoas,
pl'iin and silk striped; Homespuns,
bleached and brown: Oinirlinmo
white checked Muslin, Jaconet nnd Printed
do., Fiuuuls, Apron Checks, <tc., ?fec.
Bonnets, liats nnd Caps, of almost
every slmpo and stylo; Groceries, Hardware,
Crockery-ware, Shoes, Saddles,
Bridles, Medicines, Ac., all of which t
will sell low for cash nr pood names ; and
I Hitter myself that iny friends who hnve
patronized me so liberally in Hamburg,
will extend their patronage here likewise.
1 hope, at Icist, that they will call and
examine my stock of Goods befo.e tradincr
elsewhere.
Any amount of Beeswax. Tallow nnd
Seed-Cotton will be taken in payment for
Goods.
,T. J. HOWARD.
Ilolly Hill, Pickens Dist., Nov. 21, 1819.
28 4t
[d. f. perky.] [k. m. kkitll.]
PERKY &, KEITH,
Attorneys at Law.
Wii.i. Praejcp in the Courts of Law
and Equity for Pickens District.,
Ofmcb, Pickens C. II., 8. C.
October 1, 1849. t2f2
J A MKS V. TRIM M 1 E R,
ATTORNEY AT IAW,
SPAUTANIHJRO, 0. II., 8. C.
Win practicc in tho Courts of Union,
Spartanburg And Greenville.
All business committed to his care will rcccivo
prompt and faithful attention,
nr. rEREKOKi:
J Ion. D. Wam.ace, Union, 8. C.
A ii ?r - - ?
. v/. i. * w.ws, c. k. b. apftitnnburg, a. i?
T Mny 8.849 -tf
Dr. iV. Lawrcncc.
Wu.i. attend punctually to all calh in
the lino of'IfpprofesVion. Unless ntwcnt
on profe^lonri h*n incss?, lie may he found
at lii< Office, o>- lih p?ivnt? residence in
the V'illfipe. He nlso, ha* on hpnd a
tyeTyrJ osso'tment of medicine* which
ho will furnish to customers at reduced
prices. * , : iv itf'
Picons 0. fL 8. C. )
Mar 1S. 1B40. f J
witKP IIP! WIi%? ITJ!
All old scows should W* wound yp
soon, us (he your U fast coming to A c'<hv?;
let u* onmmomo tV.o now your if
with n full 'k'vowlodfrc of our
ovdor that wft Wny hnow how fyr to ^
thoonsniot? your. Mv own w?|Uh e<>m^||8p^
poll mo to h?vc mv Notr* ?"/*
???? vmnii
for 1848cl<**fld inimeriiiitrlybufflfeh: not*
fro m olioiro, hut necessity, P?l
nny rniin living to costs. MHML *
Tickens C. H., Dcc. 1O/40^1Pf
fund, which whs thereby reduced io 5*/>7,
fl06. It wns then bv the direction of the
Comptroller Generni credit< d with the
^um of #651,422 00, part of the surplus
|ev<inue received from the Fr loral Go\frnnjent
nnd depositedin the Bnnk. By
#a net, passed in 1836, before this won- (
>y was received, it wjis directed that the
nstnlments, ns they should I ecome duo,
>n the shares to be subscribed for by t e
S'tnte in the Louisville, Cincinnati end
Charleston R?i!rond Compnnv, should
ie paid out of i?, nnd necoidinply the '
our first instalments were so paid. but '
_ fOftft ...1 !. J I '