Wlliam Gilmore Simms
Selections from the Letters and Speeches of the Hon. James H. Hammond, of South Carolina >> Message to the Senate and House of Representatives of the State of South Carolina, Nov. 28, 1843 >> Page 67

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Page 67

Documents | The Reprint Company; John F. Trow & Co. | 1866, 1978
Transcription 67
a balance on the transactions of the year, of twenty-
one thousand, three hundred and sixty-two dollars and
thirty-nine cents ($21,362 39). This balance, added
to the balance accruing during the year 1842, will leave,
after due allowance for undrawn appropriations, about
forty-eight thousand dollars ($48,000) at the disposal
of the Legislature. This amount will be further in-
creased by nine thousand dollars, being the unexpended
balance of the two contingent funds committed to my
hands. Before any extraordinary appropriations are
made out of this sum, it should be considered that
there will be no further receipts into the Treasury
until June next, when the taxes become due, and that
it is wholly inadequate to defray the ordinary expenses
of the State up to that period. Notwithstanding a
similar balance reported to you in 1842, the bank was
in advance to the Treasury, to the amount of twenty-
four thousand dollars ($24,000) by the first of Decem-
ber of the same year, and to the amount of thirty
thousand ($30,000) at the same period of the year
before, and thereafter it continued to advance all
the moneys required by the Treasury until the taxes
were paid in. These advances are heavy drafts upon
the bank, and it becomes the State to make arrange-
ments to dispense with them, either by ordering the
taxes to be collected at an earlier period, or by such a
system of economy, as will speedily secure a sufficient
balance at the close of the fiscal year, to defray expenses
until the first of June following.
Among the undrawn appropriations is the sum of
twenty-five hundred dollars ($2,500), which was at
your last session, in conformity with the provisions of
the Act of 1833, placed in the hands of the Executive,