Eastern times. [volume] (Bath, Me.) 1846-1857, 1855-01-18


count of the operations OF the Treasury depart
ment for the year past is very acceptable; Mr.
Cony, who has been one of our best State
Treasures, presents, as usual, a brief but clear
and comprehensive account of State finances.
The receipts into the Treasury
for the past year. Ghcluding w
$92. 504 on hand at the COM
mencement) amount in the
aggregate to S45I.92 As
| Disbursements for same period, 343,SlS 04
Balance on hand, $10S,l07 Al
From this balance there is to
he deducted for outstanding
appropriations, subject to
call, $7l'44s 46
Leaving, as the available bal
ance on hand, $s6,65s 95
AS cause of the diminution of the revenue
for the past year, the Treasurer remarks.
Owing to the severe stringency in the
money market the past season, aggravated by
drought, intense and protracted. particularly
in the eastern section OF the State, the receipts
from the Land Office on account of debts due
to that department have been less than was
anticipated M
4 vi tllc ulSOuISttucuAo expenditures tut
the past year. and of the revenue generally,
the report says: --e ESQ sta ats .sra aaf
1.-The disbursements of the past year for
what may be designated extraordinary expen-
ditures, were $4,000 for the new wing of the
Insane Hospital. and $4,000 on account of
the public debt. ten thousand of which had
matured, and twenty thousand paid in antici-
patton of maturity, on the 7th of March, 1855.
49,
set down at S295, $500 for the year, and
there is no reason to expect that they will be
less in the future. OF this amount, however
it should be borne in mind that so much of
the expenditure as is paid out for the annual
school fund, which is derived from the bank
tax, (and being last year S4S.s43,72) imposes
no burden upon the body of the tax payers
so that the whole Of the ordinary expenses
chargeable to the revenue derived from taxes
and other sources is but S246,974.32.
The amount Of the annual school fund for
1854, composed of bank tax and interest on
the permanent school fund. was $50, $50 SO,
andwill be larger next year, owing to the in
crsase of banking capital"
The Treasurer states that S240,o0o of the
public debt fall due on the 7th of March next,
nearly all of which amount must be provided
| permanent character. He says:
"The most important consideration connect
ed with the finances of the State, and which
will demand the very earliest attention of the
Legislature, is the provision which must be
made for paying that portion of the public
debt which natures March z. 1855. AT the
commencement of the past fiscal year, the
amount of that loan was $500, 900, of which
has been paid $4,000. leaving S240,oo0 to be
be provided for that account, and $4,000
! additional to pay one bond, for that amount.
which matured in September. 1852, but has
no, yet been presented for payment. The
cash on hand. applicable to that purpose may
be put down at $4,000, leaving balance of
S2lS 900.
There is also held by the State one hundred.
shares of the capital stock in the Augusta
BanA of the par value of eighty dollars a
:, ARE. which can probably be converted at any
tirseA 's~st ~ go
Asbcfore remarked, the rsrriprs from. tho
Land Office have been very light, and there is
nothing in that quarter to be relied on an
immediate resource to pay the debt.
The only mode then left to meet this liabil-
ity is a new loan. Whether this shall be tenn
porary or permanent is for the Legislature to
determine.
Fortunately the credit of Maine stands so
high that the undersigned does not entertain
the slightest doubt that loan can be effected
to the extent Of the necessities of the Treasury,
at a rate of interest not exceeding six per cent.
in season to pay off the debt of March Z, 1856.
During the time the undersigned has been
intrusted with the charge of this department,
more than $4,000 of public debt has been
paid, and almost invariably parties presenting
their scrip for redemption have expressed de-
sire to re-invest in the stocks of the State !;
and many parties holding stock maturing in
March next. are disposed to renew their loan if
they are allowed to do SO. -f..- .,...
The Report states that there has been paid
into the treasury 500 for the Reform School,
and 5000 for the use of INDECENT blind, deaf
and dumb mutes, bequeathed by Isaac San
ford, late of Kennebec, (now Manchester in
Kennebec county.
The Treasurer estimates the receipts for the
coming year, including cash on hand. at $780,
l66.0S, and the expenditures at S6l9,472.67
This includes the estimated expenditures for
the Reform School and for finishing the new
wing to the Insane Hospital.
The ordinary State tax, the Treasurer re-
marks, cannot be dispensed with the coming
year. -is- -- -H
The Treasurer makes the following exhibit
of the resources and liabilities of the State -
RESOURCES.
Cash in the treasury, Jan. l, 1856 sos, 107 Al
Balance due on State taxes to
1884, inclusive, t.a 1919 1868 81
Sectrit,es in Land office, riz::
Bills receivable, S2SS,553 IA at e-
Bonds, 1854 81
300 OeS %