Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1846-12-17


then been redeemed, $685. 1850 IS
From an examination Of the Treasu-
rer's books it appears that there are now
outstanding warrants to the following
amounts
Regular Treasury warrants, 636 oil
Internal improvement warrants, 600 81
Which sums being added to the balance
above would make the true amount in
the Treasury on the LIST day of No
vember, 1916, S59O,663 10
The auditor remarks that
''During the fiscal year just terminated, all war
rants drawn upon the treasury have been paid, with
out that delay and inconvenience to the public credl
tors to which they have been subjected for the last
five years. The receipt of funds applicable to the
payment of State Dues has been fully large was
anticipated in the estimates contained in the last
nua report from this office; and it will doubtless be
a matter Of ngratuaton 10 the Legislature and the
people that, for the future apprehension need be
entertained of the slightest embarrassment in the ifs
cal operations of the Government. The amount of
current funds now on hand it is true will not be suf
6cent to meet the heavy demands upon the treasury
which will fall due prior to the time fixed by law for
he payment of the current years revenue but 1t
may be relied upon, that usual large amount of
revenue will be forwarded in advance of the regular
settlements by county treasurers and addition
al resource, 1t is understood that the Agent of State
has now in his hands, from the proceeds of the sus
pended debt about twelve thousand dollars, which,
upon his annual settlement with this office, will be
deposited in the treasury, and with the money on hand
and receipts from other sources, viii form fund
Div adequate to meet all accounts becoming payable
prior to the first of March next After that period,
the available resources of the treasury it is believed,
will not only free it from difficulty to its ordinary
k,f,,, tl,a
which based under the act of the last session of
the Legislature, the arrangement for the payment of
interest on public debt"
The above remarks of the auditor afford gratifying
evidence of the Improvement in our general finances,
and give assurance the people of Indiana well
as to her public creditors, that she is in condition
to realize per nanent restoration of State credit
The ordinary expenditures of the State Govern
ment for the fiscal year ending October 3lst, 1916,
amount to S69, l36 So
In point of economy, they contrast favorably with
the expenditures of former years.
During the fiscal year ending October
3lst 1913, the amount of ordinary
expenditures was S91 70S 2S
Expenditure for 1916 as above, go, 1876 SO
Retrenchment since 1913, s22,571 go
The ordinary expenses for the year end
ing October 31st, 1914, were 9S,037 As
Expenditure for 1916, as above, 69l36 %
Retrenchment since 1874. $4,000 SO
ending October 3Ist, ls45, were 7I,l22 90
Expenditure for 1896 as above, 69,l36 %
Retrenchment since last year, $3.50 10
The amount which will be needed the
dinarv expenditures for the year 1917, is estimated
at S67, 400.
Thus it viii be that rigid system of econo-
my in our public expenditures, continues to be OBJ
served which is in striking contrast with the thrift
less management of previous administrations.
The amount of the Public Debt which interest is
payable by the Ste and for which provision must be
made, is stated at S11 ,G6S, 900
The amount which will be DUE on the LIST day of
January, 1917, on account of interest bonds out
standing, and which has accrued since January LIST,
1871, at which time the State failed pay her inter-
est, is 1896, $40
The amount of interest falling due annu-
ally, is S555.l2O
Our entire foreign Indebtedness is follows, to wit
Bonds on which the State has to pay inte-
rest, $1l,O6S,OOO
Bonds on which the Bank pays interest, 100000
Interest which will be due January, 1st
Is47, 3,326,940
Total, s15,7s4, $40
The amount of six per cent. treasury
notes issued under the act of February
10, 1910, was, Sl,5OO,OOO
The total payments on account of six per cent.
Treasury notes have been follows, to-wit:
Amount of principal redeemed and can
celled. $1.l57, l5o 90
Amount of interest allowed, l6l, lib So
Total, SI,3Is, 26s 90
Amount outstanding at this date S342, S45
The amount due the six per cent. Treasury notes
outstanding is as follows to-wit:
Principal outstanding as above, $342, e45
Interest on same, (estimated) 10000
Total, 1852 s45
The amount of FIVE per cent. treasury notes issued
under the act of January 81, 1912, was 1922, $40
Amount outstanding at this date, $349, 965
The amount due these notes is follows, towit
Principal outstanding above $349, 965
Interest on same (estimated,) 10, 500
Total, S423, 465
The entire payments account of FIVE per cent.
Treasury notes have been as follows, to-wit:
Principal redeemed and cancelled, 1872 675 90
Interest on same, 81 ,926 %
Total, S4O4,6 %
The amount of State Indebtedness, on account of
bonds sold, and outstanding Treasury notes, is as
follows, to wit:
Bonds on which the State pays interest Sll, O63 900