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Reports and Resolutions: December Session, 1802. 1802 81 (1802)

handle is hein.slavery/ssactssc0050 and id is 1 raw text is: REPORTS AND RESOLUTIONS: DECEMBER SESSION, 1802. REPORT OF THE COMPTROLLER-GENERAL. STATE OF. SOUTH-CAROLINA, OFFICE OF THE COMPTROLLER-CENERAL. To the Honorable the President, and others, _Members of the Honorable the Senate of the State aforesaid, THE COMPTROLLER-GENERAL REPORTS- T HAT, pursuing steadily the objeas of his appointment, his mc :t strenuous exertions have been used to bring to a close all SUiLS instituted in behalf of the state on specialties and otherwise; the stages of which are particularly set forth in the exhibits of the attor- ney-general and solicitors, contained in the paper No. 1, accompany- ing this report. That conformably to the intention of the legislature, expressed in the a6 for raising supplies and making appropriations for the year 1801, relative to the redemption and purchase of stock, all the stir- plus of interest, and the instalments received from the United States in January last, on original and deferred stock, and a farther sum of fifty three thousand, three hundred and ninety-three dollars and thirty cents, of the unappropriated monies of the treasury, have been laid out in the redemption of the funded debt of the state, and purchase of the same of the United States, as will appear by refer- ence to the paper No 2. In compliance with the same adl, the in- terest arising on the stock bought in and pledged to meet the foreign debt has been vested in further purchases of stock, of which the pa- per No 3, contains a statement ; on examining which, it will be found, that the fund so pledged is augmenting in a ratio far out- weighing the interest arising on; that debt, and is increasing on the principles of a compound interest. The paper No. 4, contains a schedule of all the redemptions of the funded debt of the state, up to the Ist of Opober last, on which there has been a gain to the state, of two hundred and nineteen thou- sand five hundred and forty twod ollars, ninety cents. On this sub- je& it is necessary to remark, that although this has been a proceed-

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