D 1.

Annual Statement of the Bank of the State of South Carolina and its Branches, Exhibiting the Dividends.

44,684 72

CHARLESTON, 1st Oct. 1827.

Annual Statement of the Bank of the State of South Carolina and its Branches, Exhibiting the Dividends.

Oct. 1. To Charleston Bank, contingent expenses

1827.

By Charleston Bank, discount and interest received,

"Profit and Loss account

CHARLESTON, 1st. Oct. 1827.

D 3.

Statement of the Profits of the Bank, continued from the Report of 1825.

Leaving still, after allowing interest on the Sinking Fund, a balance which the Bank has yielded to the State, of $216,939 84
over and above 7 per cent. on all the money it has had at its disposal, and after having repaired every loss which it has sustained.
For the few debts which may be considered doubtful, out of an outstanding debt of $2,731,256 72, are covered by arrearages of
interest on good debts, which are suspended and in suit.

It must also be remembered that the Bank, from its first commencement, has never charged interest on its advances to the
State, although, for many years, those advances were very great, and at one time amounted to $420,000 00.

STEPHEN ELLIOTT, President.

1st October, 1827.

1826.
March 31.
June 30.

F.

Amount of Discounted Notes of the Bank of the State of South Carolina, and its
Branches, Monthly, from October, 1825, to September, 1827.

Charleston. Columbia. Georgetown. Camden. Total amount.

1,037,114 50864,336 16 541,050 12 366,600 85 2,809,101 63
1,027,105 11,872,632 66 539,064 57 365,068 17 2,803,870 51
1,036,792 38853,722 18 536,389 75 368,614 76 2,793,519 07
1,023,753 35,844,826 57 533,363 81 364,054 49 2,765,998 22
1,040,439 92 839,674 51 530,801 61 357,648 30 2,768,564 34
1,044,042 43,809,858 40 526,327 10 362,005 97 2,742,233 90
1,042,241 73,797,656 37 527,742 18 361,202 52 2,728,812 80
1,034,063 56807,485 33 539,604 48 360,801 00 2,741,954 37
1,039,005 00802,554 58, 523,136 70 372,911 50 2,737,607 78
1,052,693 80 795,272 66 525,470 74 374,055 90 2,747,493 10
1,048,835 00 797,822 87 525,855 74 377,080 40 2,749,594 01
1,041,986 74 800,675 08 525,399 70 379,618 40 2,747,679 92
1,037,054 70837,325 58 525,115 70 383,663 75 2,783,159 73
990,564 17813,028 69 521,631 70 380,766 01 2,705,993 57
970,093 76 779,914 02 520,000 55 367,579 61 2,637,587 94
969,683 75 772,252 12 507,875 55 370,363 95 2,620,175 07
936,964 73 755,034 02 495,509 05 364,051 18 2,551,558 98
958,443 48 743,796 54 493,471 70 365,042 83 2,560,754 55
974,854 30 744,372 46 496,685 50 371,729 93 2,587,642 19
953,245 14,752,769 94 501,189 61 376,914 09 2,584,118 78
971,435 00 780,401 28 509,335 61 391,235 94 2,652,407 83
954,176 47794,692 30 507,867 61 385,862 98 2,642,599 36
929,567 00817,939 97 511,529 00 390,884 57 2,649,920 24
933,775 47,824,880 16 507,975 00 390,863 57 2,657,491 20

Charleston, 21st October, 1827.

[1829.]

FROM THE COMMITTEE APPOINTED IN 1828.

The Joint Committee appointed under a Resolution of the Legislature at its last session, to investigate the condition of the Bank of the State of South Carolina, in Charleston, convened at the banking house on the 13th day of May, and beg leave to report the result of their examination, which was diligently prosecuted from day to day, for ten days, which brought them to a close of their duties.

The first document which your committee heg leave to present to you, is the general statement of the Bank of the State of South Carolina, comprised within twenty-two columns, and embracing a period of one year, that is from the first of May, eighteen hundred and twenty-eight, to the first of May, eighteen hundred and twenty-nine.

The first vertical column comprises dates of intervals of one month each, and embracing a period of one year: opposite to each date is carried out the condition and operations of the Bank at that period: Thus presenting a synopsis of the condition and transactions of the institution monthly, for one year, namely, from the first day of May, eighteen hundred and twentyeight, to the corresponding date of the subsequent year. The second column is under the head of Capital, upon which the committee would beg to remark, that on the first of October, eighteen hundred and twenty-five, the amount of capital was stated at one million one hundred and ninety-six thousand two hundred and twenty dollars and sixty-five cents; and on the first of May, eighteen hundred and twenty-nine, at one million one hundred and fifty-six thousand three hundred and eighteen dollars and forty-eight cents, showing a reduction of capital between those dates of thirty-one thousand nine hundred and two dollars and twenty-seven cents. This reduction of capital has been caused by the Bank having redeemed and delivered to the Comptroller General, three per cent. Stock of the State, to the amount of thirty-six thousand six hundred and twenty-one dollars and. two cents; and of the six per cents. three thousand two hundred and eightyone dollars and fifteen cents, as vouched by his receipts.

The third column of Document No. I, states the amount of Bank notes issued, which vary at different periods of the year; being, on the first of May, eighteen hundred and twenty-eight, one million nine hundred and thirty-four thousand four hundred and forty-five dollars; and at the corresponding period, in eighteen hundred and twenty-nine, one million five hundred and thirty-two thousand one hundred and ninety-five. The fourth column is a statement of the discount and interest received, being one hundred and sixty-two thousand nine hundred and fifty eight dollars and eighty three cents, from the first day of October, eighteen hundred and twentyseven, to the first of October, eighteen hundred and twenty-eight, and eighty-eight thousand nine hundred and seventy-seven dollars and twentyone cents, the amount received from the last mentioned date, to the first day of May, eighteen hundred and twenty-nine. The fifth column, under the head of State Treasury for Sinking Fund, exhibits the amount paid into the Bank by the State Treasury on account of the Sinking Fund, in conformity with an Act of the Legislature. The sixth column, under the head of State Treasury, exhibits the amount paid into the Bank by the Treasury from time to time. The seventh column, under the head of "Due by State