Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1847-12-30
Upon the supposition that outstanding
Bonds, thus TO be surrendered, amount
900 90
And that Indebtedness for arrearages of
interest from 1871, to LIST January, l647,
as shown by preceding statement, is 3,326O4O 90

And that our Indebtedness for arrearages of
interest from 164l to LIST January, l647,
shown by preceding statement, is 1896, 04O 90
Then Indebtedness the LIST July,
1853, would amount TO $l4,3 1871 ,040 90
And upon one half of this sum, or 81, l95, $50 af
ter the LIST of July 1853 The interest will have be
met semi-annually, the first days of July and jan
uary, of each year.
BY the third section of said supplemental act, in
view of the fact that considerable portion Of the
venue may be paid in treasury notes, and the levy of
% cents on each 500 taxables and 70 cents each
poll, may prove insufficient at present. it is provided
that only four per cent of the five the one-half of
our Indebtedness shall be paid from the State reve-
nues, from the first day of January, lS4 to first Of
July, 1883 and that the remaining per cent. shall
be added to, and form part of the special stock so
called and be put the footing with the spe-
cal stock referred to in the second section of said
act.
On the superstition, above, that Indebtedness
the first of January for principal amounts to $ll,
065 GOO, then the onehalf is So 532 500 and per
cent. on this is S55,325 per annum 1881, $50
for the six years, from January lst l64 TO January
LIST, 1858.
1t has been already stated that the one-half of our
Indebtedness for principal and one-half of our ar
rearageS Of interest from 1st January, 1S47, to LIST
January, lS47, added together make the of ST.
l95 $50, which becomes principal, and which in
terest is be paid from and after the LIST of January,
1853. To this should be added the per cent.
of arrearages of interest above from LIST of Janu-
airy, 1S47, to 1st of January, 1858, amounting to
1891 $50, and then we have the whole which
the State will have provide the interest through the
treasury, from and after the LIST of January, 1853,
viz:
One half Of the principal due, LIST January,
1S47, s., $50 500 90
One half of the arearages of interest from
January LIST, 1s4i to January LIST, 1847, 1563O20 90
One per cent. OF interest on principal from
January LIST, l847, To January LIST, 1853,
provided Sd section of act of 1S47, 33l $50 90
Making total of 1881, 47O 90
Tn carrying out therefore the arrangement between
the State and the holders of bonds under the act
already referred to- the sum of 65 900 was advanced
from the treasury, requision of the Agent, to meet
the instalment of interest falling due 1s July 1547
By reference to the report Of the Agent of State,
which not received in time to be entered upon the
books of the Office prior to the close Of the financial
year, (Oct 81, 1919 appears that the amount Of
interest paid on bonds surrendered is ST. $50.
Had the whole of our bonds outstanding been sur
rendered in pursuance of the act of 18th January,
1885, amounting they do to gil 065 900, the inte-
rest on one-half of them for the July instament al
two per cent, would have been S1l0,65O; and con-
sequenty the amount surrendered TO the Agent up to
3ls of October last is $75O OOO leaving TO be sur
rendered, S3,2S5OO0. Subsequent and unofficial In
formation, however, places the amount surrendered
and cancelled at about nine millions.
In pursuance of section 3 of the act of January TO-
1916, Chapter of general laws) certificates issued
under said act act and the act supplemental to it.
have been signed by the Auditor and Treasurer, and
numbered in blank 10 each of which also the seal OF
State was affixed by the Secretary of State The
numbering and classification Of the certificates are
follows:
Vol. Certificates of 81 per cent. State stock
numbered from to 992.
Vol. II-Certi6cates of q per cent State stock
numbered from 993 to 1902, for transfers.
Vol. I-Certifcates of per cent. State stock
numbered from l to 9S8.
Vol. II-Certi6cates of 5 per cent. State stock
numbered from $50 to 1874, for transfers.
Vol. I-Certfcates of per cent. preferred Cana
stock, numbered from to 97S.
Vol. II-Certifca:es of 3 per cent preferred Cana
stock, numbered from 1910 l46S, for transfers.
VOL Certificates of 5 per cent. special deferred
Canal stock TO non-subscribers, numbered from &c
500.
VOL II-Certifcates of percen special deferred
Canal stock to non-subscrfbers numbered from SOB
$50.
Vol. Certificates of per cent. deferred Cana
stock to Inconsistencies, numbered from TO 800
Vol. II-Certifcates of per cent. deferred Cana
stock to uonsubscribers, numbered from sol to 1904
for transfers.
REPORT OF THE TRUSTEES.
The semi-annual report of the trustees, appointed
under the second section of the act of 10Th of Janu
ary 1S47, before referred to- to take charge of thu
Wabash and Erie Canal, Its lands, tolls, and reve
nues, due on the LIST of October, not received il
time to be entered upon the proper books of the Office
and does not, consequently form any part of the re-
ceipts and expenditures reported.
The amount of receipts, except from water rent,
and sales of lands Of which mention is made, il
as follows:
RECEIPTS.
Amount received from State treasury, 81 900 OF
Amount received from tolls for July and
August last, % ,4O6 z:
Total, sse,4O6 2;
DISBURSEMENTS.
Amount Of contingent expen- u
of board including adj
vances to appraisers Of
Amount of repairs of canal, 6,l75 OF
1920 r
Excess of receipts expenditures, from
the LIST of July to Ist Of October, lS47 $26 1856 q
The trustees remark, in explanation of the fore
going statement that "arge sums have been furnish
ed by the superntendents be discussed upon thei
respective divisions, in conformity with abstracts pre-
viously rendered by them, and payments have beer
made to the contractors the division of canal nov
under construction, which do not appear in the en-
closed statement, this after the semi-annua
PERIOD the first day of October These will of cours
appear in the next sem-annual statement, accompa
MED by copies of the abstracts of the land Offices fur
nishng the statement required in clause third of sal
section which abstracts have been received at thi
Office but also after the first day of October and vii