The daily phoenix. (Columbia, S.C.) 1865-1878, June 04, 1875, Image 1
BY JULIAN A. SELBY
Wine Liflt?May, 1876.
THE "CITY HALL GRO?
CERY STORE" offers, as bc
I low spcoified, tbe finest Wine
'List over published in Co?
lumbia:
CLARETS?St. Estophe, St. Julian,
Margaux, Pontet Canet, in pints and
quarts.
HOCKS?Laubenheimer, Hockheimer,
Budesheimer.
SATJTERNES?HautSauternes, Graves
A Preignao, Latour Blanch, Chateun
Yquem.
CHAMPAGNES?Pommery A Greno's
Lee, decidedly the finest dry Wine im?
ported, Obaus & Duchatel's "Sillery,"
Carte Blanche, Kelly Island, Ac.
SHERRIES AND PORTS?These of
fine quality, age and bouquet, full
stock, most carefully selected.
_ My stock of French Brandies, Holland
Gin, California Wines and Brandies, Do?
mestic Whiskies, "Maryland," "Baker,"
"Finch," "Bomgarden, and other favor?
ite brands, is always full up. I have
always endeavored to keep this branch
of my business supplied only with best
possible quality obtainable, and am fully
satisfied with the result
Any rare Wine or particular brand not
here advertised, will bo procured from
first hands at very few days' notice.
GEO. SYMMERS,
City Hall Grocer and Wine Merchant.
May 20_
uA. KTETW"
Who feeds me from his grocery store,
And shows me every day a score
Of dainties, finer than before?
'Tis Solomon.
Groceries, Family Supplies, Pure
Liquors, Wines, &c.
Whose clerks are smiling, childlike,
bland,
And always at my service stand
Attcntivo'to my least command?
Why, Solomon's.
Breakfast Strips, Beef Tongues, Sal?
mon Bellies, Fulton Market Beef,
Canned Goods and Other Delicacies.
Who cares for no man's smile or frown,
While he can keep his prices down,
Yet sells the finest goods in town?
'Tis Solomon.
A Splendid Assortment of New Cof?
fee and Teas?Japan, Oolong, Gun?
powder, Hyson, Imperial and Mixed
And can I ever cease to be
The best of customers to thee,
Who always did so well by me,
Oh, Solomon?
Fancy Crackers, Raisins, Nuts, New
Flour and Buckwheat.
I'll keep to the store I like so well,
'Neath Mr. Gorman's big hotel,
And kept by Hardy S-O-L
O-M-O-N.
^sirPrioes still lower, and goods fresh
every day._April 9
Prepare Your Own
Mineral Waters,
BT URTNO THIS
Granular Effervescent Salts.
KOCKBRDDGE ALUM, VICHY, CRAB
ORCHAD, KISSINGEN, FRIED?
RICHSHALL. The Salts represent in a
condensed and agreeable form tbe me?
dicinal constituents of these various
Mineral Waters, and from their conve?
nience and comparative cheapness, are
coming rapidly into use.
One or two largo tea-spoon-fuls added
to o small tumbler of water, instantly
reproduces a draught of the natural
Water, accompanied by a sparkling
effervescence. For sole at
L. T. SLLLIMAN A CO.'S
April ? Drug Storo.
Mackerel.
CHOICE MESS MACKEREL.
No. 1, 2 and 3 MACKEREL.
Just opened and for sale low, at retail,
by JOHN AGNEW, A; SON.
NEW BOOKS ,
At R. L. Bryan's Bookstore.
GEORGE IV, His Life and His Court?
$1.25.
Scientific London, by Beeker? $1.75.
Science and Religion, by ? Dr?per?
$1.75. Farrar*a Life of Christ?$2.50.
The Shadowed Homo, by Bickersteth?
$1.50. Conquering and to Conquer, by
Schonberg Cotta Family?$1.25. Vernes'
Journey to the North Pole?$1.50. Ralph
Wilton'B Weird, by author of Wooing
Ot ?$1.25. The Science of Law, by
Amos?$1.75.. ?
. Also, a variety of new English Novels,
paper covers, by Mrs. Olyphant, Far
gcon. author ef "Castle," Mrs. Braddon,
Wilkie Collins and others.- Apri' 25
Interest Allowed.
THE Mechanics' and Farmers' Build?
ing and Loan Association, of Rich
land, is now receiving deposits of $1.00
and upwards, and allowing interest at
the rate of C por oent per annum on all
amounts over $10.00, whioh remain 30
days or longer. Deposits reoeived by
T. H. Gibbcn, Treasurer, at the Central
National Bank, R. D. SENN,
April 22 t_President
Kerosene! Kerosene!!
fff\ BARRELS pure white standard
?V7 KEROSENE, just received and
[for sale at 19c. per gallon, by the barrel,
[?nd 20c. per gallon at retail. Kerosene
i delivered, free of drayaqe, in any pnri of
[the cUy by JOHN AGNEW ? SON.
5 DAII
H\INHAL CONDITION OF TUE CITY OF|
COLUMBIA.
MEETI5? ASD REPORT OF TIIE|
COXniTTEE OF TWENTY.
Pursuant to notice a meeting of the eiti
zens' committee of twenty was held ot Irwin's
hall yestcrdoy morning, at 10 o'clock, when
tho report of tho sub-committee was pre?
sented and rend by Mr. W. B. Gulick, chair?
man.
Ou motion, the report wns received and
adopted, oud the papers of the city were re?
quested to publish it for tho information of
the public.
On motion, tho chairman of the meeting of
citizens, Hr. E. J. Scott, was requested io
call a meeting of the citizens generally, at 5
o'clock on Monday evening next, to consider
tho report, and take such nctiou thereon as
may bo necessary.
REPORT.
The undersigned, sub-committeo of the citi?
zens' committee of tweuty, appointed to
make an investigation into tho financial condi?
tion of the city of Columbia, present to the
committee tho following statement:
The city council submitted nil tho books
and papers relating to city affairs to the com?
mittee for examination, but it was discovered
immediately that no ledger accounts had been
kept since the 1st of April, 1870, and that the
complete posting of all the accounts from
that time would be necessary in order to
make up an intelligible statement of the real
financial condition of the city. Accordingly
the books were placed in the bands of Mr. G.
M. Walker and Capt J. L. Little, expert ac?
countants, by whom tho accounts have been
carefully posted up to tho end of April, 1874,
When a now ledger was opened by Mr. Walter
B. Jones, then city clerk. The accounts of
Mr. Barnum, city clerk, were found to have
been kept in a very confused manner, requir?
ing considerable study and examination to
post them correctly. Somo threo months
were consumed in getting these accounts in
order, the chairman of your committee having
devoted much time to the special investigation
of obscure entries as they were encountered
by tho experts.
Asa foundation for some of the conclusions
which the committee have reached, they here
present condensed statements of the receipts
and expenditures of tho city for the several
periods named. The committee have these
statements in detail, but think that tho con?
densed statements embrace all that is material,
and will bo moro easily ii'iderslood:
For the year ending March 31, 18CG.
RECEIPTS.
From city bills, old issue.. .?.? 5,039 00
Taxes. 13.994 GO
$19,034 50
EXPENDITURES.
Newmarket.$ 2.009 75
City bills, O. I., destroyed. 1,202 80
Interest account. 5.459 00
Sundry expenses. 10.209 91
Balauce cash. 153 04
$19.034 50
For year ending March 31, 18G7.
RECEIPTS.
Balance cash.$ 153 04
City bills, new issue. 12.000 00
City property. 20 00
Market department. 2.098 74
Guard house department. 489 50
Poor fund. 1,820 00
! Taxes. 29.GSS 10
$45,709 DSl
EXPENDITURE?.
City bill?, O. I., destroyed... .$ 5,038 Si
New market building. 5.947 30
Iuterest account...".. 5.2C0 2C
Now guard house. 4G7 22
Sundry expenses. 20,407 11
Balance cash. 1.969 21
$45,700 98
For year ending March 31, ISC?.
RECEIPTS.
Balance caeh.$ 1,989 24
City bills, new issue. 11.475 00
Miscellaneous. Ill 85
Poor fund. 2,10! 40
Market department. 1,882 15
Taxes. 33.300 50
$50.950 20
EXPENDITURES.
?Newguard house.$ 4.228 02|
City bills, O. L, destroyed. 0.510 75'
IOity.bills, N.I., destroyed. 1,847 2G
Interest account. .".,585 13
j Sundry expenses. .. 32,950 S8
Balauce cash. 1,827 57
$50.950 20
Fvr year ending March 31, 1809,
RECEIPTS.
Balance cash.$ 1,827 57
City bills. N. I. G.480 00
Poor fund. 1.129 77
Market department. 2,313 55
Guard house. G31 50
Taxes. 42,777 99
$55,1C0 38|
EXPENDITURES,
City billf, O. I., destroyed.$ 389 90
City bills, X. I., destroyed. 4.4C3 00
Interest account. 19,425 40
Sundry expenses. 28.043 97
Bnlanco. 2,838 11
$55.100 38|
, For y.ar ending Much 31, 1870.
RECEIPTS.
Balance:.......$ 2,838 11
City bills, new issue. 17,045 00
Guard house department.. 082 00
Market department. 2.055 05
Agricultural fair grounds. 1,304 90
Bills payable (money borrowed).. 8,000 00
G. and C. U. B. stock sold. 5,000 00
Taxes. 66,174 33
$92,099 99
JOLUMBIA, S. C, FRIDAY
EXPENDITURES.
City property.$ 219 IG
City bills, N. I., destroyed. 10,552 00
City bills, 0. I., destroyed. 36 00
Interest account. 31,G5G 57
City bonds paid. 3,000 00
Agricultural fair grounds. 7.249 18
Sundry expenses. 3s\643 G4
Balance. 1,342 84
$92,G99 99
For year aiding March 31, 1871.
RECEIPTS.
Balance.$ 1,342 84
Market department.???? 2.4S3 50
Guard house. 3S9 07
Sale of C. und S. C. R. It. stock.. 13,320 00
Sale of 1,000 shures C. C. and A.
stock. 40,187 50
[City hills isBued. 2,907 60
[Bills payable (mouey borrowed). . 29,007 45
Taxes. 41,505 19
$131,143 C5
EXl'EN DITCHES.
City bonds paid.$ 19,840 00
Interest. 24,590 51
City bills dostroyed. 30,705 35
City property.'.. 700 24
Agricultural fair grounds. 499 15
Sundrv expenses. 42,989 74
Balance. 11,817 GG
$131,148 G5
For year ending March 31, 1872.
RECEIPTS.
Balance.$ 11,817 GC
Market departaicnt. 2,236 55
Guard house. 117 35
Bills payable (money borrowed). 43,992 55
Salo of 222 2-9 shares C. C. aud
A. stock. 3.SS8 83
iTaxes. 10S.4S7 12
I Miscellaneous. 695 20
$170,235 31
EXPENDITURES.
City bonds paid.$ 10.410 00
City hills destroyed. 4,0G3 35
City property. 175 27
Market No. 2. 9.7G2 70
City hall. 14.994 GG
Interest. G5.227 24
Sundry expenses. 70,126 90
Krror. 1 00
Balance. 1,474 19
$176.235 31
For year ending March 31, 1873.
RECEIPTS.
Balance.$ 1,474 19
Market department. 2,030 50
Guard Jioufc. 7G3 55
Proceeds $112,000 city bonds... 70.504 83
Borrowed on bonds. 21,465 47
Sale of debris ol" market. 590 30
Miscellaneous receipts. CC0 00
City property. 208 47
TaxeB?
General. 52.791 75
Incenses. 15,102 85
Special interest. 25,392 90
$190.924 SI
EXPENDITURES
Bills payable (borrowed moncv
paid).*.$ 40,000 00
City bills destroyed. 1G 15
Market No. 2. 735 00
New city hall. 12.900 00
Interest paid. 17.308 27
Special interest in Carolina na
tional bank. 25.392 90
Construction fund. 1,650 00
Sundry expenses. 7S.975 4S
Balance. 7,947 01
j $190.924 Si
For (hit(tenmonths tn -ing April 20, lh74.
RECEIPTS.
Balance.$ 7.947 01
Market department. 1,327 75
Guard bouse. 1,274 35
Bills payable (money boirowed)... k18,47S 75
City bills (Baruum). 21.555 50
Proceeds $101,750 city bonds_ C7.191 00
Drawn lrom Carolina national
bunk for coupons. 39.735 75
Construction fund. 15,852 98
Taxes? ,
General . 42.135 20
License?. 14.037 15
Special interest. 32,705 24
I Water. 8,100 59
$97,144 18
Miscellaneous. 25 20
EXPENDITURES.
City h?ls (Baruum).
City bills, N. 1. 9 30
New alms house. 2,137 82
New city hall. 33,534 28
Carolina outiouul bank, special in?
terest deposit. 28,504 30
Construction fond. 14,245 70
Paid money borrowed on bonds. . 21,420 30
C. Baruum, city clerk. 1,142 79
Interest puid coupons. 38,233 25
Interest on loaus. 8,614 04
Columbia water power company.. 1*1,000 00
Sundrv expenses. 95.894 71
Balance to W. R. Jones. 714 43
$270,552 47
General Balance Shut, April 30. 1874.
ASSETS.
DE.
Newmarket.$ 7,957 05
New guard house. 4.695 84
Agricultural fair grounds. 7,748 33
City bills, old issue. 8,738 40
City bills, new issue. 1,148 90
City property. 350 54
Market No. 2 (blown down). 9,907 40
City hall. 61,428 94
New ulms house. 2,137 82
W. J. Ktter, city clerk. 12 50
Churles Barnum. city clerk. 1.142 79
Carolina national bank, special in?
terest. 14,201 45
Carolina national bank, construc?
tion fund. 42 72
Cash to W. R. Jones, city clerk. 714 43
Balance city of Columbia. 517,260 65
$637,477 70
PI
Attend t
MORNING, JUNE 4, 1875.
LIABILITIES. CR.
City bills (Barnum) .$ 7,513 95!
Hill? payable. 53,178 75
6 per cent, bonds. 107,900 00
7 per cent, bonds. 176,950 00
7 per cent, bonds, act of 1872... 213,750 00
John Alexander . 45 17
Special interest account. 17,830 89 I
$037,477 70
City Debt, April 30, 1874.
f'itv currency outstanding.$ 7.513 9.r
Hills payable. . 53.478 75
G per ce'nt. bond9. 107,900 00
per cent, bonds.: 176.950 00
o per cent, bonds, act of i?72. . 213,750 00
$610,592 70
City Dtbl at Period* SlaUd.
March 31, 1872.$ 425,850 00 1
March 31, 1873. 513,315 47
April 30, 1874. 619,592 70
List of Hills Payable outstanding April 30, 1874.
1873
May 13. Independent Fire
Company.$ 500 00,
Independent Fire
Company. 1,000 00
July 15. T. J. Jeter, balance. 2,000 00
September 6. M. J. Calnau. 740 09
1874.
January 17. Carolina national
bank. 8,978 05
February G. Curolioa national
bank. 4,916 00
J. Aenew & Son... 2,634 01
J. Waties. 1,041 54
March 4. Ilufinicut & Bellin
grath. 1,000 00
Uuunicut &, Bellin
grath. 1.500 00
Ilunoicut <t Belliu
grath. 997 70
28. Union savings bank. 1,000 00
B. F. Griffin. 2G2 65
April 28. South Carolina bank
and trust co. 14.240 00
South Carolina bank
and trust co. bid.. 5,368 40
South Carolina bank
and trust co. 6,368 40
11 due bills, $12
each. 132 00
10. II. Minis. 900 00
$53.478 75
The note for $4,910 to the Carolina national
bank was secured by the stock of tho city in
the gas company as collateral, and was paid
by the sale of the stock. The balance of
$5,308.10 due the South Carolina bank and
trust company has also been paid. For the
loan of $14,24.0 the bank holds $29,250 of
city bonds as collateral security. The note of
$2,000 duo T. J. Jeter is also Becured by
city bonds as collateral. The two notes dis?
counted April 28, 1874, by the South Caro?
lina bank and trufit compnny. of $6,3G8.40
each, were endorsed by Mcssr9. Cooper A
Taylor, and, to protect their endorsement,
other notes of equal amount were executed
by the city aud given them to hold. The |
notes themselves do not specify the condi?
tions upon which they were given, but their
character is freely admitted. As one of the
notes discounted by the South Carolina bank
and trust company has been paid, it is obvi?
ous that ouo of the security bonds should be
surrendered uud canceled, and the same
I course should be taken with the o'her, a91
it is entirely valueless, being issued without |
consideration, and not collectable under any
circumstances whatever.
In addition to these loans, the city bor?
rowed from the Carolina national bank dur- I
ing last summer $10,000 in three notes, to'
continue the work on the city hall, giving
as security therefor $12,000 in h?lse!' the
city, "redeemed,'' but not canceled, as will
appear in a subsequent part of this report.
Of these loans wc are informed that one tor
$5,000 bus been paid by the sale of the col?
lateral, at 90 cents on the dollar, thus entail?
ing a loss of 10 per cent, upon the tax-payers
of tho city in making this payment.
COUPON ACCOUNT.
Ti.c examination of the account of coupons |
outstanding made by Mr. Walter It. Jones,
city clerk, in August last, after deducting
coupons i:i possession of the Carolina in-.tional
bank at that time, showed a balance of about
$42,000. The committee have not undertaken
to rer?'y this examination, as it would have
involved two or three week*' work, but pre?
sent herewith an estimate derived from the
accounts, winch reduces these figures some?
what, but still showing the city to be largely
in arrears on this account.
Beginning with the 1st day of July, IS72,
the interest on the city del t for two ye ns and
a half, ending December 31, 1S74, would
its follows:
From July 1, IS72, to December31,
1S72. six months.$11,073
From January 1, 1373, to Decem?
ber 31,1373, one year.31.89S UU
From January l, 1874, to Decem?
ber 3], li>74, one year. 37,423 00
Total interest accrued, two and a
half years.$80.390
The payments on account of interest on the
bonded debt within the same lime, not includ?
ing iu'.crest paid on tho floating debt, is as
follows:
Paid from July 1, 1872, to Decem?
ber 31, 1872.$ 1,599 15|
Paid from January 1, 1873, to De
cember 31, 1873 . 30,479
Paid from January 1, 1874, to July
31, 1574. 25,907 55 I
Interest paid, two and a half
years.$57.985 95
Balance unpaid, two and a half
years.$22,410 30 J
Add estimated balance due June
30, 1872. 10,000 00 I
Outstanding December31,1874. ...$32,410 30
If we assume the special Interest tax for
tho current yenr of 1875 to produce $46,000,
the surplus over the current interest for the
year will be about $7,000, which will reduce ]
the indebtedness of the city, December 31,
1875, on this account to about $25,000.
he True Event."
VOLUM
CITY CURRENCY.
Of the several issues of city bills your com?
mittee present tho following statement:
Amount styled "old issue".$ 6,039 90
Canceled of this issue. 13,718 30
Amount over-issued. 8,738 40
Issued at sundry times between
March 28, 18G7, otid March 31,
1870.$ 47,600 00
Redeemed of this issue, specified 31,395 90
Mav 31, 1870, balance outstand?
ing .$ 10,204 10
March 31, 1871, add issued dur?
ing this year. 2,907 60
To be accounted for.$ 19,111 60
Canceled as follows:
Juno 30, 1870. Ill 90
March 31, 1871. 16.059 80
March 31, 1872. 4,063 35
M:irch 31, 1873. 16 15
! April 24. 1873. 9 30
By W. It Jones. 5 10
$20,266 CO
Canceled more than issued. 2,154 00
Issued by C. Barnura, city treasurer
I.-Micd from September 27, 1873,
to January 24, 1874, as per
ledger account.$ 21,555 50
Credits claimed as follows:
November 21, 1873, destroyed. .$ 128 40
January 31, 1874, 1,414 sheets,
$3 each, returns. 4,242 00
March 3, 1874, redeemed. 23 90
March 11, 1874, destroyed. 625 26
March 24, 1874, destroyed. 204 00
April 24, 1874, blank notes re?
turned. 78 00
April 28. 1874, blank notes re?
deemed, not destroyed. 8,740 00
July 31, 1874, blank notes re?
deemed, not canceled........ 4,093 05
$18,135 20
December 31, 1874, balance out?
standing, per ledger. 3,420 30
In order to verify as nearly as possible
tho accuracy of this result, an effort was
made to ascertain how many city bills were
in tho hands of tho public. So far as ascer?
tained there were in circulation on the 3lBt
of December last $4,203.60, showing an over?
issue of $783.30 of this issue. Tho commit?
tee have reason to suppose that all outstand?
ing wore not reported to them, and that the
over-issue is roally greater than this.
Referring to the account of credits claimed,
it will be observed that two large sums are
entered as "redeemed," not destroyed. These
sums are as follows:
April 28, 1874, redeemed_$ 8,740 00
July 31, 1874, redeemed. 4,093 05
$12,833 05
Which ore accounted for as follows:
Used as collateral with Carolina
national bank.$ 12,000 00
In hands of city clerk. 803 06
Not accounted for. 30 00
$12,833 G5
Of the $12,000 used as collateral tho com?
mittee understand that $7,000 were pledged
for a loan of $5,000; that so many of them
have been sold as were required to pay the
debt und iulerest, and that the bills were
used for pnymentof taxes.
I'pou this subject of the issue of city cur?
rency the committee beg to Bay that in their
opinion it should be positively prohibited.
The original authority for the issue of these
notes was limited by the legislature to $25,
000. This authority was fully oxorcised long
ago, and all subsequent issues beyond that
stun were strictly without authority of law.
The several issues of bills during the past
ten years have entailed a direct loss to the
city treasury of ii"t less than $11,000.
To fix tho o\er-is?:ie on the proper persons
is, perhaps, now impossible. Tho original is?
sue of bills, and the more recent ones, have
been carelessly done, and no accurate ac?
count kept ?f the amounts issued. The issue
known as ?'new issue-." beginning in March.
1&07. seems to havo been carefully entered
ar.d canceled until May, 1870, after which ad?
ditional notes wcro issued while Mr. W. J.
Ktter was city clerk, and the cancellation of
these bills was not kept separate from the
cancellation of h?ls issm d by Mr. McMahou
as clerk. Hence '.he inability to fix the re?
sponsibility for this over issue. With respect
to the over-issue of bills while Mr. Bnrnum
was clerk, it is plain that tho amount of over
Ibsuu should be charged to him, and ho bo rc
quired to account for its use.
SPECIAL ISTEREST PL'XD.
A separate account of too special tax to
pay interest on the city debt was commenced
on the 1st of January, ih73. The amounts
credited to this fund for the two years eud
jng December 31, 1874. are. ...$ 01,478 15
Coupons taken up by the Carolina
nutional l ank ur.u delivered to
city clerk. 43,684 25
Balance. $17,793 90
From this should be deducted
coupons taken up by tho Caro?
lina national bank, riot deliv?
ered until this year. 11,925 50
Bnlar.ee to credit of this fund. ... $5,868 40
This balance, not having been used for the
payment ot coupons, has been diverted from
this fund to other uses.
In this connection the committee nsked the
Carolina national bank for a transcript of its ac?
count with the city for this fund, but the request
was refused on the ground that tho bank could
not expose the accounts of Us customers. The
account cotild not, therefore, be compared with
the entries by tho .bank, and the committee
hove, therefore, to submit it as they made it
up from the imperfect entries on the city
books.
Tiio amounts deposited from the
1st of Jauuary, 1873, to April
30, 1874, aggregate the sum
of. $53,957 20
Tho delivery of coupons were:
May 15, 1873. $21,852 60
April 3, 1874. 17,903 25
$39,755 75
E XI?NUMBER
Balance. 14,201 45-1
Add sundry deposits from May 1,
1874, to December 31, 1874... 3,380 01
$17,581 46
From which deduct coupons deliv?
ered during same period. 3,42C 00
December 31, 1874. balanco in
bank. 14,155 40
From this sum should bo de?
ducted coupons paid, but not
delivered until during the pres?
ent year. 11,925 50
Leaving a balance of.. 2,229 9C
Which seems not to have been applied to the
payment of coupons, and, so far as appears
from tho bookB of the city clerk, is a balance
in bank to tho credit of this fund.
The receipts Into the treasury from several
sources aro exhibited In the following state?
ments:
STATEMENT OP TAXES COIXECTED.
For year ending March 31, 1866..$ 13,994 60
For year ending March 31, 1867. 29,688 10
For year ending March 31, 1868. 33,300 50
For year ending March 31, 1869. 42,777 99
For year ending March 31, 1870. 1 55,174 33
For year ending March 31, 1871. 41,605 19
For year ending March 31, 1872. 108,487 12
For year ending March 31, 1873. 93,287 60
*3 months to April 30, 1874..... 97,144 18
Proceeds of property sold.
GreenviUo and Columbia R. R.
stock.$ 6(000 00
Charlotte, C. and A. R. R. stock.. 13,320 00
1,000 shares C, C. and A. R. R.
stock. 40,187 50
222 2-9 shares C, C. and A. R..R.
stock.?.; .. 8,888 88
Gas stock in AugUBt, 1874. 5,257 66
Amount. $72,652 03
Proceeds of city bonds sold:
$213,750 bonds.$ 137,696 83
Average price. 644 19
The receipts from extra sources over and
above the receipts from taxes uo to the 30th
of April, 1874, are as follows:
Property sold.$ 67,396 38
Proceeds of bonds. 137,695 83
Bills payable (money borrowed). 53,478 75
City bills outstanding issued by
Bornum....... 7,513 95
Amount. $266,084 91
As a partial offset to this large' amount,
the committee desire to mention the payment
of past due bonds since January 1, 1871, to
the amount of $30,250.00.
Bonds of 1872.
Of the $250,000 of bonds authorized to be
issued by the act of March 13, 1872, the fol?
lowing BeemB to be the disposition of them :
Bonds sold..$ 213,750 00
Pledged as collateral for loan
from South Carolina bank
and trust co. 29,250 00
Collateral for loau from T. J.
Jeter, on deposit at Carolina
national bank. 6,000 00
Reported by mayor as in his
hands...".. 1,000 00
$250,000 0O
The sales of the bonds were managed in
such an indirect way that the experts em?
ployed to post the accounts found it
t-ery difficult to make up a perfectly accurate
statement of the amounts received from the
sules of the bonds. It should be accepted as
about correct, but not as being positively ac?
curate. Mr. Barnum, the late city clerk, pro?
fessed to be able to furnish full information of
whatever required explanation, but tho chair?
man of your committee, who endeavored to
get at the bottom of the account, was never
iblo to obtain fioiu him any statement even as
intelligible as his own books, which were cer?
tainly very perplexing hi their entries. As
nnde up, the $213,750 of bonds sold brought
the sum of.$I37,<;!'5 83
The use made of this fund was:
On the city hall_$61,428 94
Market house (blown
down). 9,907 40? 71.336 34
Balance used for other purposes..$6l>,359 49
Section 6 of the Act of March 13r
1872, authorizing the issue of these
bonds, directs the Mayor and Alder?
men to apply their proceeds, "first, to
the payment of any debts heretofore con?
tracted, or which , may hereafter be con?
tracted for the construction of the new City
Hall and the new market;" and "secondly,
for the improvement of the streets, the ex?
tension of tho water works, and for any
other improvements which shall be judged
advisable by the said Mayor and Alder?
men." This provision seems to be manda?
tory in its terms and to forbid the uso of
any of the proceeds until tho two objects
namod under the first head had been ac?
complished. The new market having been
abandoned, there remained ample funds to
complete tho City Hall, and, perhaps, ac?
complish some other improvements. The
account shows that over $06,000. of this
fund has been diverted from its legal uso
I and used ip other *avs. The City Hall
i remains unfinished and no money in the
I treasury to complete it <
To illustrate the steady increase in the
expenses of the oity for ordinary purposes,
l your committee have prepared the foBow
I ing table, showing the expenses of each
I year in succession, embracing Only the
ordinary care of. tho city, and excluding
interest paid on tho public debt, and an
special expenditures:
Ex. year ending Moroh 31, 186G, $10,209 91'
Ex, year ending March 31, 1867, 26,467 11
fx> xear ending March 31, 1868, 32,950 88
x. year ending March 31, 1869, 28,043 97
Ex. year ending March 31, 1870, 38,613. 64
Ex. year ending March 31, 1871, 42;980 74
Ex. year ending March 31, 1872, 70^126 90'
Ex. year ending March 31, 1873, 78,975 48
13 months to April 30,1874. 95,891 71
To this general statement of expenses,
your committee add the specifia expendi?
tures under certain heads, embracing the
larger and more important departments of
I the city government:
POLICE DEPARTMENT AND ODARD HOUSE.
Ex. year ending Maroh 31, 1866, $1,727 88
Ex. year ending March 31, 1867, 6,589 25
1 Ex. year ending March 31, 1808, 7,725 03