Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-12-13
Treasurer's Report.

Sem-Weekly for the session, 81 90
Weekly {" SO
Treasurer's Report.
We have before US the Report of Mr.. Courts,
Treasurer of the State of North-Caro!ina, showing
the receipts into and the disbursements from the
public treasury for the two last fiscal years, from
31st October, 1854, to November 1, 1856; from
which we gather the following:
The receipts into the public fund for the fiscal
year 1856, were s. 452, 1877 80; and the disburse-
ments from that fund during the same period, were
$2,323,97s 81.
The receipts into the public fund for the fiscal year
1856, were 81 ,S7s,975 81; and the disbursements
from that fund during the period were 81 1885,,
$50 40
The receipts into the literary fund for the fiscal
year 1885, were SAG 755 35 and the disbursements
from that fund during the same period, were $780,
6s9 SO.
The receipts into the literary fund for the fiscal
year 1856, were $1s3, O73; and the disbursements
from that fund during the same period were $780,
976 O9.
On the first day of November, 1856, the treasurer
had in hand as balance of the public fund subject
to draft and use the sum of s256, 456 %.
The affairs of the office have been managed by
Mr. Treasurer Courts with signal ability and skill
and no more diligent or faithful officer could be
found.
We make the following extracts from his Report
Having furnished his Excellency, Governor
Bragg, with al the information from this Office that
is calculated shed light upon the amount that will
probably be received into the public fund for the
two fiscal years commencing the LIST inst and the
probable demands upon it. all of which will be pre-
sented to you in his message it is unnecessary that
l should add anything upon that subject From
this it will be seen, that some legislation is necessary
in order to increase the receipts into the treasury
the amount of this increase will depend much upon
what may be expected from certain internal improve
Inents in the State, and especially from the North
Carolina Railroad Company.
do not suppose that it is necessary for me to
say anything to the General Assembly of North.
Carolina upon the Importance of providing the
cessary to meet at all times, the obligations
of the State.
But 1 will take this occasion to say, that having
been for several years connected with the finances
of the State, and charged with the responsibility of
meeting from time to time, the demands against her,
1 suppose my opportunities have been good as
those of any other person, for collecting the senti
ments of our people upon the subject of our State
credit, and the degree of importance which they
attach to the necessity of unfolding it; and think
do not pay them undeserved compliment,
them would either readily forego for a season, the
supposed benefits of any proposed public improve
ment, would quietly submit to any additional taxa
ton that should be found requisite, rather than that
the credit of the State should receive the slightest
tarnish from non compliance with hercontracts.
Perhaps in no State is the enrolling sentiment of
State pride more generally felt, more warmly
cherished, than in North Carolina; and who
loves the State would wish to see this feeling d.
minished. will remark further, in this connection,
klok, -
my purpose, to express opinion upon the policy
that has been may hereafter be pursued in rela-
ton to the internal improvements of the State
hazard the opinion that our system thus far, what
may have been its blunders in particular cases.
has in the main greatly rcdoundcd to the prosperity
chiefly built up by the aid eff the State, by giving
her pledges, l have no doubt that her faith and
honor hitherto unsoled, will still be preserved by
the prompt redemption of these pledges.
1t will be Seen, that have since my last report,
completed the issue of State bonds that requr-
ed to be sold under the act of january 1Gth 1849
for the improvement of the Neuse and Tar rivers,
and for the building railroad from Castor to We'll
don amounting in all to 1852, 600 !; and l have al
issued under act Of the last Legislature fifteen
bonds, Of $1,000 each, for the further improvement
of the navigation of Tar river stated to the last
Legislature that had sold bonds to the amount Of
100000 for the North Carolina Railroad. Since
that have sold S37O,00O, making two millions as
required by the act of January 10th, 1S49. have
also under act of the last Legislature. sold for
the road, 81, 600 0OO making in all three mil
lions of dollars for that road. Under an act of the
last Legislature advertised the sale of bonds of
$1,000 each for the construction of the plankroad
from Fayetteville to Warsaw; but four of them,
however, only were bid off. l have paid out for the
road, as will been SEEM 10000; SO that six more
bonds remain to be sold, and the proceeds held in
the treasury. The following bonds have also been
sod under acts of the last Legislature, to-wit $59,
600 for the Insane Asylum, 1888, 900 for Atlantic
and North Carolina Railroad and 5000 900 for the
Western North Carolina Railroad 1t is proper to
remark, however, that $33 900 Of these, sold for the
Atlantic and North Carolina Railroad, and the $780,,
600 for the Western North-Carolina Railroad, have
been sold since the LIST instant and will therefore ap-
pear in the next re port from this Office
All these bonds were advertised and the bids for
them were awarded by the Governor, Secretary and
Comptroller of State and president of the bank OF
the State.
Since the last Legislature, have endorsed bonds
of the Deep River Navigation Company, to the
amount of $500, 900, and for the Chesapeake and
Roanoke Navigation Company, to the amount of
$4,000. 1t will be that have paid to the
Yadkin Navigation Company $4,000, and to the New
River Navigation Company 1000. No authority
was given to sell bonds for these improvements.
You will receive from the directors of the Insane
Asylum detailed report upon the operations of the
institution.
Surprising it would be the pleasure of2the Legis.
lature to establish sinking fund, for the gradual
extinction of public debt, have taken pains to