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1820.

Branch to be

Bank have, by charter, the power of establishing Branches wherever they may think proper, (within the State,) your Committee are nevertheless of opinion, that it would be good policy to precede the establishment of any Branch with the sanction of the Legislature; this policy has been pursued, and it is believed with advantage; under the influence of this policy, your Committee have inquired into the probable benefit that would result from the establishment of a Branch in Camden, and the result of their inquiries has been a conviction that much benefit may accrue in Camden from such an establishment, and that it will not be inconvenient to the mother Bank to establish such a Branch, as soon as they shall have completed their establishment in Georgetown. Your Committee, therefore, recommend to the House the adoption of the following Resolution:

Resolved, That the President and Directors of the Bank of the State be, and they are hereby, authorized and required to establish established at a Branch in Camden, with such a capital, and at such time, as they shall think the interests of the institution will permit.

Camden.

In the Senate, Dec. 18, 1820.

The Committee of Conference, to whom were referred the A. A. & R. R. Resolutions from the House of Representatives and the Senate, 1820, p. 56. on the subject of inspecting the books of the Bank of the State of South Carolina, Report the following Resolution for the adoption of both Houses:

Com. of Inves

tigation to be appointed.

Resolved, That a Joint Committee of three persons from each House be appointed to obtain, during the recess of the Legislature, a general statement of the transactions of the Bank of the State of South Carolina, signed by the President, and countersigned by the Cashier; the duty of which Committee it shall further be, to inspect the general accounts in the books of the Bank, and report whether there has been any, and what, violation of the fundamental articles of the said Bank, its condition, the goodness of its debts, and their opinion of the mode of its administration, whether beneficial or otherwise.

A. A. & R. R. 1820, p. 88.

In the House of Representatives, Dec. 18, 1820. Resolved, Thae the President of the Bank of the State be requested to state to this Legislature, at its next session, his opinion of the expediency of increasing the capital of the said. Bank, and letting in private stockholders for a proportion thereof.

In the House of Representatives, Dec. 20, 1823.

1823.

Resolved, That the Comptroller General and the President of the Bank of the State of South Carolina be required to in- A. A. & R. R. quire into the expediency and practicability of removing the 1823, p. 89. Bank of the State of South Carolina from Charleston to Co- Inquiry relumbia, with the view of ultimately establishing, so soon as val of Bank to specting remomay be expedient, Branches at Cheraw and Hamburg; and Columbia. that they be required to report separately thereon, at the meeting of the ensuing Legislature, taking into consideration the effect which would be thus produced upon the currency of the interior of the State.

In the Senate, Nov. 26, 1823.

A. A. & R. R.

Resolved, That it shall be the duty of the President of the 1823, p. 116. Bank of the State of South Carolina to attend at Columbia, President to during each and every session of the Legislature, for the pur-attend session pose of giving such information relating to that institution, as of Legislature. may be required of him.

In the House of Representatives, Dec. 18, 1824.

Resolved, That Henry Deas, Alfred Huger, William Wash- A. A. & R. R. ington, Benjamin F. Dunkin, and William Rouse, be, and 1824, p. 127. they are hereby, appointed a Committee of Inspection for the Committees of principal Bank of this State at Charleston; and David R. Inspection. Evans, Saunders Glover, Christian Bookter, Thomas W. Glover, and John Caldwell, a Committee of Inspection for the Branch Bank at Columbia; and James S. Deas, Evan Benbow, Thomas Lang, F. L. Kennedy, and Nathaniel Barber, a Committee of Inspection for the Branch Bank at Camden; and Thomas P. Davis, Stephen D. Miller, R. A. Taylor, Jos. W. Alston, and John Porter, a Committee of Inspection for the Branch Bank at Georgetown, agreeable to the provisions. of the Act to alter and amend the Charter of the Bank of this State, passed at the present Session.

In the House of Representatives, Dec. 12, 1825.

Resolved, That at each session of the Legislature, a Joint A. A. & R. R. Committee of the two Houses shall be appointed, to nominate 1825, p. 113. suitable persons as Directors of the Bank of the State of South Committee Carolina, and the names of persons recommended by them, to nominate shall be reported as early as possible in the session, for the Directors.

1825.

consideration of the members, at least six days before the election.

Resolved, That the Committee appointed by the Legislature to examine the state of the Bank and its Branches, shall be members of the Joint Committee, to which such other members of each branch of the Legislatuee shall be added, as the houses respectively shall deem it expedient.

A. A. & R. R. 1825. p. 114. Loans on

mortgages.

In the House of Representatives, Dec. 12, 1825. Resolved, That so much of the tenth section of the original Act of incorporation of the Bank of the State of South Carolibe so far altered as to limit the loans on mortgage of real estate to the sum of ten thousand dollars, instead of two thousand dollars, under the same conditions as are now established by law.

na,

Resolved, That every public officer of this State who is by Deposits of law directed to deposit for safe keeping the monies he may rePublic Officers ceive in the Bank of the State of South Carolina, shall lodge the same, not in his private name, but in his official name, and with the title of the case or cases under which the monies were received; and shall exhibit the Bank book of such entries when required by any of the parties interested therein, under the same penalties as now attach for failure to deposit public monies, under the 51st section of the Act of 1812, establishing the Bank of the State.

Resolved, That the Sheriff of the City Court of Charleston Deposits of shall weekly, or monthly, deposit, for safe keeping, the monies City Sheriff of he may receive in his official capacity, in the Bank of the State of South Carolina only, in the same manner as the Sheriff of Charleston District is now by law required to do.

Charleston.

Resolved, That the Joint Committee on the principal Bank be directed to draft a bill to carry the foregoing Resolutions

into effect.

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In the Senate, Dec. 13, 1825. Resolved, That the Comptroller General do report to the Legislature, at its next session, a statement exhibiting the condition of his department on the 30th September, 1826; shewing, on the one side, all the debts due by the State, of every nature and kind whatsoever the particular nature of the different items-when contracted and for what purpose. On the other, all the money in the Treasury, and available stock and funds, including the Bank of the State of South Carolina, and claims against the United States-accompanied

by such remarks as may be necessary to explain the statement, and to show the true condition of the debts of the State, and its means of payment.

1826.

In the Senate, Dec. 8, 1826.

A. A. & R. R.

Committees.

Resolved, That Committees be appointed to join such Com- 1826, p. 60. mittees as may be appointed by the House of Representatives, Investigating to examine into the affairs and situations of the principal Bank and its Branches, in conformity to the requisitions of an Act passed on the 18th of December, 1824.

Sumter.

In the House of Representatives, Dec. 4, 1827. A. A. 1827, p. The special Committee appointed and instructed by this 37. House to meet a special Committee on the part of the Sen-Relief to Gen. ate, on the presentment of the Grand Jury of Kershaw district, and the memorials of Sumter and Kershaw, relative to the embarrassed and distressed situation of the venerable patriot, General Thomas Sumter, beg leave respectfully to Report, That they have had the same under consideration. It would be doing injustice to the feelings of this House, to suppose it necessary to urge, by any argument, the adoption of their recommendation. All are well acquainted with the patriotism, the services, the sacrifices, the lofty and untiring gallantry, of this Revolutionary Hero, this last brilliant remnant of perilous times, affording us this opportunity of exhibiting the gratitude of a grateful people, and soothing and calming the last moments of a public benefactor. He remembered his country in her darkest hour; his country will not forget him. Your Committe, as I have said, believing it unnecessary to urge any of these recollections, have thought proper, however, to exhibit to your view a few of the facts made known to them, and which do not appear on the face of the memorials. The money called for to effect this relief, has been already loaned by the Bank of the State of South Carolina. The debt is amply secured by mortgage and judgment on real and personal property; but it is known to all, the unparallelled difficulties of the times, and although the property mortgaged is more than doubly sufficient, still it is believed that were the Bank to press its demands, it would leave the object of our gratitude and affection, at the age of ninety, in absolute want. The officers of that institution, with a feeling highly creditable to them, are disposed, (as we are informed,) to grant all the indulgence consistent with their duty and honor; but indulgence cannot be longer extended without legislative sanction. Gen. Sumter, with that lofty feeling of independence which has al

1828.

ways characterized him, is not now your petitioner, nor is he aware of the measure proposed for his relief; it is the spontaneous burst of gratitude of a whole community, in beholding a great and good man in adversity, a public benefactor, the "Game Cock" of the Revolution, sinking down with sorrow to the grave. Your Committee, impressed with these considerations, unanimously recommend the adoption of the following Resolution :

Resolved, That the President and Directors of the Bank of the State be instructed to indulge General Sumter during his life-time, on his debt to the Bank, free of interest, from this time, taking such steps as may be necessary to secure the ultimate payment of said debt.

A. A. & R. R.

1828, p. 61.

In the House of Representatives, Dec. 16, 1828. Resolved, That Joint Committees, to consist of four on the Investigating part of this House, and two on the part of the Senate, be apCommittees. pointed to examine the condition of the Bank of the State and its branches, whose duty it shall be to report thereon at the next session of the Legislature.

The Committees appointed under the above Resolution,

are:

On the part of the Senate-for Charleston, Messrs. I'On and Smith for Columbia, Messrs. Hampton and Hart: for Camden, Messrs. Benbow and J. S. Deas: and for Georgetown, Messrs. Flagg and Witherspoon.

On the part of the House of Representatives-For Charleston, Messrs. R. B. Smith, Mintzing, and A. Black; for Columbia, Messrs. Butler, Waddy Thompson, and Player; for Camden, Messrs. Gee, Dugan, and Richardson: and for Georgetown, Messrs. Coggeshall, Hemmingway, and Pringle.

A. A. & R. R. 1828, p. 60.

Number, duties, and sala

In the House of Representatives, Dec. 20, 1828. Resolved, That the Committees who were appointed to examine into the affairs of the Bank of the State of South Carolina, do report the number of officers of said Bank and its several branches, the duties of those officers respectively, and in proportion the amount of their salaries, and the proportion that those salaries bear to officers of the like kind in the other Banks of this State; and also, the proportion in number of officers with the other Banks of this State.

riesof Officers,

to other Banks.

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