Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1852-12-08
TREASURES REPORT.

i We have before us the Report of Mfr. Treasurer
Courts, made to the present Legislature, for the ifs
cal year ending November list, 1852. We regfe
our lack of space to present this Report in full, but
we give, follows, the aggregate of receipts
and disbursements.
The sum of receipts into the Treasury from the
:, 3lst October, 1850, to the 1st November, 1s5 l.
was 1885, 54 10; and the sum of receipts fol-
the year ending October 3lst, 1852, was $3.50, 72e
89-making for the two past years, $651, ss3 81.
The sum total of disbursements for the first year
was S366.342 10; and for the last year, S249, 254
45-leaving balance in hands of the Public Treas
urer on the lst of November, 1852, of $50, 1856 49,
! The Treasurer goes into an estimate of the re-
| celpts into the Treasury for the next two fiscal
years and also of the disbursements The agere-
gate receipts are estimated at $464,7I4 90, and
the disbursements at $451,6 6s 20, leaving balance
in favor of receipts of $13, O26 ~.
This Report is clear in its statements and we'll
arranged and the details of receipts and expendi-
lures as presented by the Treasurer as well as his
estimates for the next two years, and his remarks
in explanation of his views reflect much credit on
him as public officer. We give below, at length,
the remarks with which Mr.. Courts concludes his
Report:
I" In order 10 a clear understanding of portion of
the Items which enter into the foregoing estimates
some explanation is necessary. In the rst place,
have put down only that portion of the tax collected
by sherffs. which belongs to the Public F0nd. The
tavern tax collected by them, is of the
sources of the Literary Fund, none of which belong
to this list, because the receipts into it dstrbu-
ted fast they accumulate for the benefit of the
Common Schools of the Stale. 1t is proper to re-
mark, that the receipts into this fund now being
much increased by dividends from the Wilmington
and Raleigh Railroad Company. The last dividend
of six per cent. the stock held by the State in this
company, will be received in few days. And l
have also excluded that portion of the collected
by sherts for the I,unatic Asylum. You will re-
ceive from the commissioners of this asylum de-
tailed report of the progress of the building. There
has been collected for its construction and paid into
the Treasury in all, $sO572 26.
And there has been paid out on account of it,
$49, 6s9 "a, leaving balance still due that fund.-
$50. 1872 AZ.
The Raleigh and CASTOR Railroad, after having
been long drain upon the Treasury, last promises
soon to come to its relief. think the estimate of
$40, 900 year the States stock in for 1853 and
1854, will be found to be moderate because its
business though the repairs upon it not COM
pleed, is much larger than at any former PERIOD and
because the w edon and CASTOR Railroad. which is
designed to connect it with the Seaboard and Roam
oke Railroad is expected 10 be completed about next
January, thus connecting the Raleigh and CASTOR
Railroad directly with the ocean.
Moreover, this Weldon and CASTOR Road, is, when
constructed, 10 form part OF the Raleigh and Cas-
ton Road, and therefore no separate estimate is made
Of the receipts from that road.
Since the last session of the General Assembly, |
the balance of the States subscription to the Fay |
ettevile and Western Plank Road Company has been
paid off. The State 100000; that is !
three6flhs of the stock in it, This road is paying
a handsome divid end into the Treasury.
The premium received on the States bonds, sold |
pay her subscription in aid of the road, and the
dividends declared on her stock, exceed the amount
Of las d bonds
From very recent information of the business the
road is doing, think the estimate of the receipts
from it is moderate enough.
Our claim on the General Government for advance
ments to volunteers in the Mexican War, has
been allowed, and. in answer 10 my inquiries at the
proper department. have been advised that the funds
" i'll be forwarded in few days,
By Act of The General Assembly of January
9th, 1910, the Treasurer authorised TO advance
to the Seaboard and Roanoke Railroad Company,
one-half of the estimated to be necessary, to
form a connection between that Railroad and the
Raleigh and CASTOR Railroad, whenever the Seaboard
and Roanoke Railroad Company should subscribe and
expend the other half, and for this purpose the Treas
urer was authorized either TO issue bonds or to
advance the money from the Treasury.
On the 9th of October last, regarding the condi-
lion as having been complied with, advanced from
The Treasury $4,000.
l preferred advancing the amount from the Treas
ury the time, rather than issuing bonds, because
Of the large amount then standing 10 my credit in
The banks; but il is proposed in these estimates TO
that amount again the Treasury, when, from
its condition, it shall become necessary issue bonds
on account of the appropriation for this work. Its
supposed that the whole amount the State will have
TO advance for this pursose. is S75, 900.
So, by the ffiy-hrst section of The act. the
Treasurer is authorised, when certain specified
1itions complied with, to advance, either by the
sale of State bonds the means in the Treasury,
$65. 900, for The improvement of Neuse and Tar
Rivers.
Under this section. have advanced, upon the war
rants of the Governor SI2,4l 80, account of the
Neuse river.
This amount it is proposed also to return to the
Treasury, upon the sale of State bonds for this APP
oropriaton. My reason for adopting this was,
hat while did suppose the Legislature expected
so large amount the whole of these two appro-
Draiions be advanced from the in the Treas
lry, l, al the time, did not suppose they ex-
oected the Treasurer to issue bonds and pay interest
on them so long the condition of the Treasury
would enable him to meet calls FOR portion of these
appropriations.
These estimates are made on the assumption that G
ponds for these two sums of $75, 900 and SOS, OOO
also of 100000 for the North Carolina Railroad
will be issued the lst of January next, and $780,
BOO for the latter object, every six months, until
100000 issued for 1t, according TO the act OF
9Th January, 1949: and interest is calculated on ?
hem accordingly; but this is done more of safe
y, than from a conviction that calls for all these
sums will be made that soon. S
/ have estimated the premium on these State bonds u
proposed to be sod at the average which /,
rave sold the bonds that have been issued since '