Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1851-02-13
AUDITORS REpORT.

The following remarks Of DR.. WI.
son Brown, Auditor Of public accounts,
presents in as short space as we can
put it, the financial affairs Of this
State al this time. 4 pcrusal Of this
porsion of the Auditors report viii
give The reader a very correct and au-
thenlic narrative oflhc condition of the
Treasury, and the revenue Of the
State arising from objects Of taxation
in the different counties.
/ The State debt, exclusive of the Sur.
plus Revenue deposited with the state,
is, as exhibited by the torcgoins state.
ment, $s922,2Gl 90 tha, being the pre-.
else amount Of the State bonds sold
and now outstanding.
The Report Of the late Auditor OF
/ Public accounts shows that the debt OF
the State was, on the lst day of Jan
lS49, s95G,26l 90. Since that time
one bond ISSUED to the branch bank
at Palmyra, under 40 act entitled IAN
act to su!horize the Governor Of the
State Of Missouri! to borrow money
/ approved March lllh, 1915, for fifteen
thousand dollars, has been redeemed
cancelled and filed in this oiIi.e, and
lWcnty.thrce other bonds, issued lo
sunJry individuals, under on Act enli.
lied An Act TO sustain the credit o!
the State" approved lGh Of February
1917, amounting to $4,000 90, have
been redeemed hy the State Treasurer
and are now on file in his office, These
Two sums making $4,000 90, being
deducted from $0JG,2Gl 90, the amount
of the State debt On the Isl Of Jan
uary 1910, will leave the present debt
as above stated, $92,2Gl 90.
If lie stock in the Bank Of Missouri
beyequivaleut TO money, from that nigh
yety properly be deducted $212 2G3
co, the amount of bank stock owned
/ by the State in her own right, which
would reduce the State debt to SGI9,
, 091 10.
The dividends which have been de
clared by the Bank on the "Sinking
Fund" since the 4,h Of Feb. 1912, ant
which now amount 10 $3,l2l -. in
cludingS37G -, not reported until Oct
last, have not been re.invesled. |
these dividends be added to the "sink
ing Fund which is $6,213 &C., vii
increase that fund 10 S9,39l IS, wAjc.
sum should be deducted from lh
State debt as above and will reduce !!
to sGtO,G02 80.
The Bank however claims balance
due her by the State up TO this day, 70
money advanced and interest thereon
amouting to $l2IO26 II, which if ad
ded to said debt will increase /, I,
SIGH G2S 90.
The revenue for taxes received a
The Trcrsnry within the two years
ending 3Oth September 1850, is $500,
735 20. The amount of warrant
drawn during tho same period on tn,
revenue fund including Especial acts
is 545i,07O 81. From this last sun
? in order to ascertain the 0rdinuy ex
penditures of the state for the ivy
= years, should be deducted $50 297 lC
J the amount Of warrants drawn unde
Special Acts" including Sl5,OOO,O
paid to the branch bank at Palmyra. =
This sum, 39,297 46 The amount of ih
extraordinary expenses of the state fo
the two years ending 30lh Sept. 1851
being deducted from $454,070 81, th
total amount of warrants drawn on III
revenue fund during that period, wi
show that the ordinary expenditure
of the SlaDe for the same perio
b amounted to $2l2792 SIS.
+ The revenue for the last year ha
o increased over that of the proceedin
l. one $G6,6S4 81; and il is believed, iht
should the present rate Of taxation /
}, continued, the revenue for the nexttv
= years will not fall short of S625,OOO 0
a |. is estimated that The ordinary e
81 pendilurcs for the next two wears "
n not exceed $3.50, 900 90, the interest