The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-12-27

vigaton Judioious alterations will doubtless be ,de
In the tariff Of tolls for another season. and greater "a
ctiss Afforded to both producers dfrwsrders get
ting along supplies The state Trustee devotss most
of his time to the work aud the interest of all parties
concerned, and the greatest confidence Is placed In
his ma agement where he Is unrammellei by his alb
cent colleagues IL would be well for the Legislature
of the State Of Illinois to investigate the affairs OF the
Trustees Of the canal and pass bill regulating the
salary and duty of each upon more equitable basis
than at present exists The funds Of the State have
been Incorporated far the payment salaries
Is concerned, and the public finances in 81
q thriving and prosperous condition will permit tho
expenditure of Ave thousand dollars year with impu-
nifty The instalment of interest be paid the LIST
of January will be small-snaer than s Generally an
ticipated.
The annexed statement exhibits the amount of the
everal stocks issued by the State OF Indiana under
he for auidatng the public debt up to the t Of
July, 1s4S -
PUBLIo DEBT oY INDIArA-IssUE OF New SrocK.
2K per cent State stock. 16i2 GIT SO
per cent Preferred Canal stock go. 4O7s 500 90
per cent Deferred Canal stock. 400 500 90
OK per cent Special Preferred Canal stock 12l3e25 90
2h per cent Special Deferred Canal STOCK LAG $50 90
Total Of stocks issued July 1s 1s4s $2 Os2 so
the foregoing the State paying interest only on
her per cent State stock the rate of per cent
After year 1861 tho rate of interest on this will be
per cent.
After 1853, the 2k per cent State stocks will draw
interest at that rate.
Tho remaining stocks thrown upon the Canal,
and their redemption, principal and interest, de-
ponds upon the receipts from that work The
Canal, during the past year, earned about hun
dred and twenty four thousand dollars but pay
ment has been made to that portion OF the State
creditors who hold the Canal securities The hold ers
Of these bonds are in fact longer creditors Of the
state their claims having been relinquished under
the new arrangement, holders Of the special pre-
ferred will receive the interest on their bonds
rst in confederation Of having subscribed the amount
necessary to complete the canal
The domestic debt Of the State, according to the
recent report Of the Auditor, was annexed -
DOMESTIC DEBT Oh INDIANA, Der 81, 1s4s.
Six per cent Treasury Notes. outstanding on
the 31st of October, l847. $342 100
Amount cancelled in lS4s. ............ 20 $50
2722lO
Amount on hand to be cancelled. ......". 6274O
2os,47O
Estimated Interest on all outstanding 6 per
cent Treasury Notes .."................ $4,000
3O3,47o
One-fourth per cent Treasury Notes
outstanding October Il, 1S47. $60,lO0
Amount cancelled in ls4S 2S,750
- 1850
$ss4,s2O
Five per cent Bank Scrip outstand-
ing Oct 3tst. lS47. ................ 3349S5
Amount cancelled in 1913. ........ So 400
27sbs5
Amount on hand not cancelsd...... $685.
s222,03O
To which add for estimated interest
on all outstanding Bank scrip. 61420
- 1884
Making the total of domestic debt the 3lst
of October, ls4s. .."............... s1s,27o
But as provision ia made for the redemption
OF the per cent Trea' sry Notes, by the
Common School Fund derived from bank
profits through the Sinking Fund Commits
sioners this amount should be deducted. 2s3 45O
Leaving to be met by State revenue alone,
the sum or $3Z4o2O
The receipts and expenditures Of the Treasury De.
pertinent, during the East year. annexed -
FINANCES OF INDIANA-REcEIPrs EXPENDITURE
Balance In Treasury 3st Oct lS47.. $427 ,9Sl 81
Receipts at Treasury during year ending
Oct 3lst, le4S. .................... 245306 36
S1,6732 S7 81
Amount Of warrants drawn on Treasury
during year ending Oct. 81 1S4S. 9T9,191 IS
Balance In Treasury OCT 81 184S. .... 1894 096 90