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A South Carolina Bank Assigns. Columbia, S. C., March 13.-The Bank of Chester assigned to-day to J. L. Glenn and J. J. Hemphill. Depositors will be paid in full and stockholders will not suffer. The assignment was caused by the failure to procure the necessary cash to run the bank through the summer.
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OVER A MILLION DOLLARS. THE AMOUNT OF THE SALES IN THE SUB-DISPENSARIES. During the Past Year--The Annual Report of the State Liquor Commissioner Mixson Issued Yesterday-Interesting Information. COLUMBIA S. C., Jan. 31.-The first annual report of the State liquor commissioner was issued yesterday and it is a most interesting document, full of information of value to the public. In the report the commissioner says: "It is gratifying to me to be enabled to state that the operations of the dispensary have been profitable for the period of my incumbency in office; a net profit of $133, 77 having accrued from the sales of the past eleven months, whilst the unearned profit outstanding, December 31st, is $25, 571.85, making a total earned and un earned profit for eleven months of $159,039.62, on $903,055.6 63, total sales by me for the corresponding period. I have saved the State onmy purchases of mercandise "for the past eleven months the sum of $20,939.67 in discounts. "I would state, that there have been on an average 84 sub-dispensaries in operation in the State for the past year. The sales from these dispensaries for the pasteleven months aggregate $1, 076,963.65, ata net profit of $106, to the towns and counties. Some of these dispensaies located in the smaller towns have been operated through the dull season at a loss to the counties in which they are located, and I would respectfully suggest that your honorable board take such steps as are necessary to prevent a recurrence of these undesirable results during the coming summer. I am impressed with the necessity of an adoption by your honorable board of stringent rules and regulations for the government of the sub-dispensaries and a rigid enforcement thereof. I would respectfully suggest that the county dispensers be required to sign their monthly inventories under oath or af firmation, as well as all other monthly and quarterly reports. "I would respectfully call the attention of your honorable board to the fact that divers complaints have been made by various dispensers on account of my inability to fill their orders in several instances. Your honorable board will, doubtless, remember that I foresaw this annoyance early in the past spring, and to provide against this contingency, I suggested the immediate erection of a suitablebuilding on the line of the railroads, that an increase in the working force might be madeadvantageously, and handling of goods greatly facilitated. And as a provision against the impracticability of the immediate adoption of the above suggestion I also suggested, as an alternative, that your honorable board empower the commissioner to purchase in sufficient quantities to stow away a large stock through the dull summer months, to meet the heavy demands of the fall and winter trade. But at the time litigation was of such a nature (and for other causes, of which your honorable board is fully advised) it was not deemed expedient to carry into execution either of my suggestions; and, as a consequence, I was forced to meet the heavy demands made upon me as best I could. Stationed as I was in inadequate quarters, with a stock on hand far short of the demands of the increasing trade, it was a physical impossibility to keep abreast of the demands although I had a full force at work night and day, and every foot of available floor space was utilized for storage purposes. That I may tide against a recurrence of these difficulties next winter, I would suggest that your honorable board take some steps looking to the construction of a larger building near the railroad line, and that the commissioner be vested with the power to purchase supplies and merchandise in quantities sufficient to meet the fall trade. It is absolutely necessary to provide increased facilities to meet the requirementsof this growing trade and if the suggestions thrown out by me are not adopted, will be impossible to meassure up to the expectations of the public. Your attention is also respectfull called to the beer sale privilege granted certain parties. I am unalterably of the opinion that it is a fruitful source of illicit traffic and would respectfully recommend that your honorable board withdraw all privileges thus granted. "The personol accounts' item of this report represents $4,526.43, shortages due by county dispensers. Part of this deficit is in process of settlement, whilst the other part is now in the courts, $212 30 of this amount is due by the penal and charitable institutions of the State and Clemson and Winthrop colleges for alcohol, whiskey and wines. The asylum owing the amount of $183. for goods purchased by order of the board of regents $900 is owing by the suspended bank of Chester, and Snow & Co., of Kingstree. These suspensions transpired before I assumed the duties of commissioner. The remainder represents advances made by me to pay the government tax on whiskey at local distilleries, in order to remove it from the bonded warehouses, and amounts due by distillers and wholesale liquor dealers for empty barrels reshipped them. These accounts must, of necessity, appear in each report issued from this office, as outgoing shipments and in
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The first annual report of the State liquor commissioner was issued yesterday and it is a most/interesting document, full of information of value to the public. In the report the commissioner says: "It is gratifying to me to be enabled to state that the operations of the dispensary have been profitable for the period of my incumbency in office; a net profit of $133,467.77 having accrued from the sales of the past eleven months, whilst the unearned profit outstanding, December 31st, is $25,571.85, making a total earned and unearned profit for eleven months of $159,039.62, on $903,055.63, total sales by me for the corresponding period. I have saved the State on my purchases of merchandise for the past eleven months the sum of $20,939.67 in discounts. "I would state, that there have been on an average 84 sub-dispensaries in operation in the State for the past year. The sales from these dispensaries for the past eleven months aggregate $1,076,963.65, at a net profit of $106,131.28 to the towns and counties. Some of these dispensaries located in the smaller towns have been operated through the dull season at a loss to the counties in which they are located, and I would respectfully suggest that your honorable board take such steps as are necessary to prevent a recurrence of these undesirable results during the coming summer. I am impressed with the necessity of an adoption by your honorable board of stringent rules and regulations for the government of the sub-dispensaries and a rigid enforcement thereof. would respectfully suggest that the county dispensers be required to sign their monthly inventories under oath or affirmation, as well as all other monthly and quarterly reports. "I would respectfully call the attention of your honorable board to the fact that divers complaints have been made by various dispensers on account of my inability to fill their orders in several instances. Your honorable board will, doubtless, remember that I foresaw this annoyance early in the past spring, and to provide against this contingency, I suggested the immediate erection of a suitable building on the line of the railroads, that an increase in the working force might be madeadvantageously and handling of goods groatly facilitated. And as a provision against the impracticability of the immediate adoption of the above suggestion I also suggested, as an alternative, that your honorable board empower the commissioner to purchase in sufficient quantities to stow away a large stock through the dull summer months, to meet the heavy demands of the fall and winter trade. But at the time litigation was of such a nature (and for other causes, of which your honorable board is fully advised) it was not deemed expedient to carry into execution either of my suggestions and, as a consequence, I was forced to meet the heavy demands made upon me as best I could. Stationed as I was in inadequate quarters, with a stock on hand far short of the demands of the increasing trade, it was a physical impossibility to keep abreast of the demands, although I had a full force at work night and day, and every foot of available floor space was utilized for storage purposes. That I may tide against a recurrence of these difficulties next winter, I would suggest that your honorable board take some steps looking to the construction of a larger building near the railroad line, and that the commissioner be vested with the power to purchase supplies and morchandise in quantities sufficient to meet the fall trade. It is absolutely necessary to provide increased facilities to meet the requirements of this growing trade, and if the suggestions thrown out by me are not adopted, it will be impossible to measure up to the expectations of the public. "Your attentipn is also respectfully called to the beer sale privilege granted certain parties. I am unalterably of the opinion that it is a fruitful source of illicit traffic and would respectfully recommend that your honorable board withdraw all privileges thus granted. "The 'personal accounts' item of this report represents $4,526.43, shortages due by county dispensers. Part of this deficit is in process of settlement, whilst the other part is now in the courts. $212.30 of this amount is due by the penal and charitable institutions of the State and Clemson and Winthrop Colleges for alcohol, whiskey and wines. The azylum owing the amount of $183.50 for goods purchased by order of the board of regents. $900 is owing by the suspended bank of Chester, and Snow & Co., of Kingstree. These suspensions transpired before I assumed the duties of commissioner. The remainder represents advances made by me to pay the government tax on whiskey at local distilleries, in order to remove it from the bonded warehouses, and amounts due by distillers and wholesale liquor dealers for empty barrels reshipped them. These accounts must, of necessity. ะฐัััะฐะณ in each report issued from this office, 88 outgoing shipments and incoming payments for same are almost daily occurrences. Therefore, it is not to be assumed that these 'personal accounts' wholly represent a contraction of worthless debts, or a wanton disregard of the law in the contraction of any class of debts. But I am plainly within the pale of the law In the opening of these particular accounts, and I think the correctness of my position will lodge itself in the minds of your honorable board at first thought, when I state that these accounts are absolutely necessary to a proper and satisfactory management of the rapidly increasing business of this institution. The following is the summarized statement of sales, gross and net profits of sub-dispensaries for eleven months, ending December 31st, 1895, at the end of the report: Sales by county dispensers for eleven months to December 31, (consumer's price) $1,076,963 65 merCost of counties above chandise 875,580 20 $201,383 45 Gross profit on above Total expenses for eleven months 95,252 17 Total net profits for eleven months $106,131 28