1826. D 1. Annual Statement of the Bank of the State of South Carolina and its Branches, Exhibiting the Dividends. Oct. 1. To Charleston Bank, contingent expenses.. 1826. $46,680 35 $19,430 89 Oct. 1. "Columbia Branch do do 7,127 12 do By Charleston Bank, discount and interest received, "B. B. Columbia, do "B. B. Georgetown, do B. B. Camden, do do 51,123 98 do do do do 32,704 43 21,965 14 "Profit and Loss account. 44,684 72 Sinking Fund, for payment of interest and redemption of 5 and 6 per cent, stock 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, $19,254 20 Oct. 1. "B. B. Columbia, do do 6,798 52 "B. B. Georgetown, do do 5,817 06 B. B. Columbia. "B. B. Georgetown.. ............ .... "B. B. Camden, do do 5,120 31 "B. B. Camden. "Profit and Loss account 47,693 81 Sinking Fund for State of S. C. for payment of interest and redemption of 5 & 6 per ct. stock, 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 It must also be remembered that the Bank, from its first commencement, has never charged interest on its advances to the STEPHEN ELLIOTT, President. 1st October, 1827. E. State Treasury for Sinking Fund of the State of South Carolina, for Interest and Redemption of 5 and 6 per Cent. Stock. 1825. Dec. 31. To cash paid 1 qr's interest $17,032 73 1825. 1826. Oct. 31. By balance. 1826. $306,326 81 Sept. 30.. Dec. 31. To cash paid 1 qr's interest. 17,618 18 By balance.. $306,006 99 1827. 1827. F. Amount of Discounted Notes of the Bank of the State of South Carolina, and its Charleston. Columbia. Georgetown. Camden. Total amount. 1,037,114 50864,336 16 541,050 12 366,600 85 2,809,101 63 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 |