About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Reports and Resolutions of 1834. Comptroller-General's Report. To the Honorable the Legislature of South Carolina. 1834 1 (1834)

handle is hein.slavery/ssactssc0268 and id is 1 raw text is: OF 1834. COMPTROLLER GENERAL'S REPORT. To the Honorable the Legislature of South Carolina. The Comptroller General respctfully submits the following Report and Exhibits On the first day of October, 1833, there was a balance of cash iemaining in the Treasury, amounting to one hundred and sixty-two thousand and thirty-seven dollars seventy-five cents. The receipts of the Treasury between thattime and the first day of October, 1834) have amounted to two hundred and eighty-one thousand five hundred and thirty. three dollars three cents: making together, the sum of four hundred aid forty-three thousand five hundred and seventy dollars seventy-five cents. The expenditures 'vithin the same period, (as shewn in Exhibits Nos. 1 and 2,) have been two hundred and forty thousand and fifty-seven dollars eighty-two cents; leaving a balance of cash in the Treasury at. the close of the fiscal year, ending B0th September last, of two hundred and three thousand five hundred and twelve dollars ninety-three cents. The occurrence of a flowing Treasury is truly a cause for gratulation, when those friom whom it is derived, do not complain of oppression, either from the manner orthe means by which the effect has been produced. The existence of this fact is the fijore pleasing, because it is susceptible of.proof that is Within the reach and observation of Uvery tax-payinq inhabitant of the State. But whilst it is gratifying to observe the prosperous condition of the financial concerns of the State, it shouldbe borne in mind, that the pleasing aspect which is presented by a full Treasury, is to be attributed to the prudence of the Legislature, in not granting extensive appropriations for doubtful improvements, etc., and not to any new source of Revenue, or to any considerable increase in the taxes. The excess of receilits from taxes in the year just closed, over that of the preceding year, was less than one thousand dollars. The source Thoim whence it was derived, (mercantile interest,) is of too fluctuating a nature to warrant any certain calculations for the future. The existence of a surplus revenue, should, by no means, indube the Legislature Io redu-c the Taxes at preseit. They are not considered by the community as op- pressive'; and as it is easier to diminish than it is to increase the piblic burdens, it is reconmended that the rate of Taxes for the present year, be continued as heretofore. Unexpended balances can always be profitably and judicially applied in Aiding the Sinking Fund, and completing the Military preparations of the State. To these ob. jects, particularly the former, the Comptrollet General. respectfully invites the tttention of the Leislature. The amount which lias been transferred to the credit of the- Sinking Fund, from the profits of the Bank, for the past year, is less than that of the preceding year, tv about lifteen thojusand dollars, The deficiency was occasioned by a succession of

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most