New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-11

,,.x;ous IN the 10th Of CeootI, 1909, inc -dm OF
s5,746 7e-leGving in ne u re-. ny '.9 sem OF
S;rtinc Fund and s77 COZ IL belongs to the School
FnpdEmaking s272, $40 90 70 BE- deduc,ed-leavng
for ordinary revenue the sum of e3e90l3 81 Esunaeu
receipt. 81 ordinary revenue from other sources;
sl3e95e. Balance in the treasury on tue LV'u =,
October lso5. Ell es5 5e-making the aggregate SUI"
s545. 65l "a. -. s,o, nxo
The estimated expenditures for 1855 s9sl,OoOi
estimated debts to be paid, cleo, oco-inakhg an OK
t4egate of s54l $50; which would leave oaau.e -
the treasury, on the 10th day OF oc'ooe'' i'''' -
s5,60l IA. - -, ..L os
Z Frsm the 3lst Of December, 1883, TO the fh OF
September 1855 when the term Of my predecessor eA
pred there was paid of the principal OF the c.s'e
debt the of sl62 ooe. Since nave oesn ID Iarce
been paid-leaving the entire aggregate OF our
State debt that day sS,sel,S 80 -. VI .n.S
sum- 5000 900 are held by the southern pans oi nen
lucky the interest upon which II Il oound 10 pay auI
for which the State holds that amount OF stock, sno
al 800 GOA - are held by the Board OF Educauon Tue
interest upon which only may be consldered pe,P
ma charge upon the Sinking Fund. The actual deot'
the principal of which has TO be provided ior Is tnere
fnrs A Oh si2. Since the seth November 1855, up
10 which perod the above statement Is MADE, there
has been redeemed of the public debt the sum o.
$4,000 The semi-annual interest due the ISL iay 0,
January 1856, has been forwarded 10 Ne"-ioiA' a""
viii be promptly paid
"The total receipts of the Sinking Fund from lst OF
January 1854 the 10th of October OF the same year
including the balance then hand were e39l lVJ 60.
The expenditures during the same period We're s2l2-
sos O-leaying balance in the treasury on the 10Th
Of October 1854 of elias, i0s IS. The receipts tom
the 10th of October 1884 to the 10th of October lsoS
including the above balance, were S6o2, 494 DO Inc
expenditures during the same period were soisiS o.
leaving balance in the treasury ON the leth OF Oeto
nor 1855 of sl434 AS 90. From the 18th OF october
1885 to 30th of November 1885, there was transferred
10 the Sinking Fund, of the surplus revenue eIe'-
sig IS and for collection of revenue transferred, the
sum of slO46s7 54--the three sums making an aggre-
gate amount of s3246s4 72. The expenditures from the
fifth October 1855 30th of November % sos %
leaving balance in the Sinking Fund, on the 3Oth NO
V, mber 1855 of S3I6sl6 %. This balance Is after
the payment of the interest due LIST of January $780,
This entire surplus may be safely used In purchas-
ing the Bonds of the State, and have accordingly
anxously sought to make such investment. The hold
ers of our Bonds, however seem reluctant to onng
them into market and comparatively small amount
only has been purchased. This fund, by law remained
on deposit in our banks without yielding anything 10
the Sinking Fund The Commissioners cOncurreu
with me that as long it remained uncaued Tor III
bank il ought to command some reasonable interest
Accordingly an arrangement was made withthe BANK
of Kentucky thet it should keep the sum OF slOoooo
in the City Of NewYork without charge for ITS trans
fer for the purpose of purchasing Bonds OF the state
upOn which an interest of cent per annum should
be pad and fer the sum of $4,000 an interest OF
y cent should be pad-the whole deposit OF 500 900,
or anv part of it, to be subject to call by the Commas
soners whenever wanted for investment or any other
purpose Ii il desirable that this fund should be used
as speedily as practicable in redeeming our debt, and
no pains will be spared to effect that object