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Report of the Committee on Ways and Means. 1829 33 (1829)

handle is hein.slavery/ssactssc0231 and id is 1 raw text is: 88 in me House of Representatives December 1, 1829. tikp Committee of Ways and Means, to whom was referred the petition of sundry Inhabitants of Kershaw district, praying that Joseph Mickle be discharged from the payment of his note, given for the purchase money of James Walker, a free man of color, sold for taxes, Report, that they have considered the same, and find that the said Walker Was gold for arrears of taxes in September, 1828, and purchased for the term of five years by the petition er, who ofered for him, the amount ofi axes due; that in a few months afterwards, the said Walker escaped into North Carolina, where he was born; that the petitioner offered a reward for his apprehension ; that he wasap- prehended and loged in the jail of Fayetteville ; that the jailer of FayetteVille, refu- sed to deliver hin to ani agent of the petitioner, who had been sent for that purpose, and with the necessary documents to establish the petitioners claim to his services; and that the said Walker was finally liberated as a free man, under a writ of habeas corpus. Your committee Are satisfied, from evidence submitted to them, that the pe- titioner was governed altogether by motives of humanity, in purchasing said Walker; and that the said Walker is a fellow of dangerous principles and habits, whose remo. val from the state is to be regarded as an advantage to the public. Your committee also entertain some doubt of the legality of the sale, as made by the tax collector of Kershaw district; and therefore recommend that the sheriff of Kershaw district be directed to deliver to the petitioner, his note for the purchase of said Walker, (amount- ing to two hundred dollars,) and that the Comptroller be directed to credit the sheriff with the amount of the note. Resolved, That the House do agree to the report. Ordered, That it be sent to the Senate for concurrence. By order of the liose, R. ANDERSON, C. H. R. In the Senate, December 2, 1829. ,, Resolved, That the Senate do concur in the report. Ordered, That it be returned. By order of the Senate, JOB JOHNSTON, C. S. In the House of Rlepresentatives, December 11, 1829. THE Committee of Ways and Means, to whom was referred those portions o thae report of the Comptroller General which relate to the financial concerns and opera- tions of the state, have duly considered the samp, and respectfully ask leave to report as follows: Your committee are gratified to find, upon examination, that the condition of the treasury is unusually prosperous. At the close of the last fiscal year, there remained in the treasury, the sum of $131,219 67. This amount, large as it is, will necessarily be augmented at the expiration of the present fiscal year, should the present system of taxation remain unaltered, and no extraordinary appropriations be made by the le- gislature. The revenue derivable from taxes and other sources, under the present sys- tem of taxation, may be fairly estimated at 335,000 dollars, whilst the amount requir- ed for the ordinary expenditures of the state, will not probably exceed 230,000 dollars. If thepresent rates of taxation, therefore, remain unchanged, there will be a large and continually increasing surplus at the end of every fiscal year, which, if the legislature should so determine,may be permitted to accunmulate, with a view to the extinction of thepublic debt. But your committee are of opinion that such accumulation is by no means necessary. They rely with confidence upon the ability of the Bank of the State to meet the payments of the public debt as they respectively become due, and of course, to obviate the necessity of any demands upon the treasury for that purpose. The public debt, as it now stands, amounts to about 1,670,000 dollars. Of this amount, the sum of $800,000 will become due in the year 1840; and the balance in portions of 200, 250, and 300,000 each, (not including lesser sums of no material importance,) in the years 1842, 44, and 46. The sinking fitnd, applicable to this debt, amounts at present, to363,000 dollars. Estimating the future by the past, your committee en- tertain no doubt that the profits of the Bank will not only regularly extinguish the in- terest of the public debt, but enable it also to carry annually, at least 25,000 to the credit of that fund. 41t is confidently anticipated too, that even at the reduced rate of taxes which is herewith submitted, there will be an annual surplus of at least 30,000 in the treasury, which can also be carried to the sinking fond. From these two sources then, it is evident that there will be upwards of 50,000 annually, applicable to fte sinking fund, and consequently, that that fund will amount, in the year 1840. to 91!,000

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