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. 26, 1844 >> Page 81

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Page 81

Documents | The Reprint Company; John F. Trow & Co. | 1866, 1978
Transcription 81
them with their life-blood, is sunk to the lowest point
of depression.
The income of the State, from all sources, during
the past year, amounts to three hundred and six
thousand, eight hundred and thirty-one dollars and
sixty-three cents ($306,831 63). The expenditures
during the same period have reached the sum of three
hundred and forty-seven thousand, seven hundred and
four dollars and sixty-three cents ($347,704 63) ; of
which, however, fifty-six thousand, four hundred and
eighty-three dollars and seventy-three cents ($56,483 73)
have been applied to the reduction of the principal of
the public debt. The current income has therefore ex-
ceeded the ordinary expenses of the State, by the sum
of fifteen thousand, six hundred and ten dollars and
twenty-three cents ($15,610 23). The balance in the
Treasury at the close of the year (a portion of it, how-
ever, subject to undrawn appropriations) amounted to
seventy thousand, five hundred and six dollars and
fifty-nine cents ($70,506 59), to which may be added
about eight thousand dollars, being the unexpended
balance of the contingent funds placed in the hands of
the Executive.
The direct taxes levied and collected for the use of
the State, amounted this year to two hundred and
seventy-seven thousand, five hundred and sixty-two
dollars and forty cents ($277,562 40). And during
the same period there has been also collected from the
people the additional sum of one hundred and one
thousand, four hundred and twenty-eight dollars and
ninety-two cents ($101,428 92) ; and during the year
1843, one hundred and three thousand, seven hun
dred and twenty-nine dollars and ninety-two cents