The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1857-01-17
Treasurer's Report.
TREASURES OFFICE, ILLINOIS,
Springfield, Dec. l. 1856. {

| In accordance with the provisions of law,
have the honor to submit the following re
port of the receipts and disbursements OF
/ the public money within the two years end
| ing on the 30th day of November, 1856, in
the following order:
| l. a statement Of the aggregate receipts
for revenue purposes.
2. statement Of monthly receipts OF
revenue from the assessment of taxes and
other sources.
.. A statement Of monthly receipts Of
special taxes and from the sale of state lands.
4. A statement of monthly credits, on ac-
count Of each fund, by receipts from the
Auditor Of Public Accounts
3. A statement Of the annual receipts Of
special taxes from the lst of December, IS45a
to 3Oth of November, 1856.
The receipts and disbursements, and the
balance OF each fund remaining Cd hand on
the 50th of November, as appears by the
foregoing statements, are as follows, viz:
Receipts for revenue purposes, including
the balance on hand on the first day of De-
cember, 1854, amount 10 5000, ,025 30. Pay
ments on the same account, including S20,-
OoO surplus revenue, amount to $3.50, $50 53,
leaving a balance in the treasury for reverge
purposes Of $1G3, ,O39 So
Receipts on account of the state debt
fund, including the balance on hand on the
lst day OF December, 1854, amount to ST.
53i,9S0 II. Payments on the same account
amount to S9OS,o20 46, leaving balance on
hand, for pro rata distribution, Oh the first
day of January, 1857, of 1923, ,160 p.
Recelpts on account Of the interest fund,
including the balance oa hand on the lst
day OF December, 1851, amount to 81 ,02s,-
I.l u. Payments on the same account to
S69l, ,o4I %, leaving a balance in the trea-
sury OF S331, 724 II, s2.0,0 of which will
be requ red for the payment Of the interest
falling due January LIST, 1851.
Receipts on account OF the Insane HOspi-
tai, including the balance on land on the lst
day OF December. 1854, amount to SIS, 534,-
Sc. Payments on the same account amount
to $40, 054 80, leaving balance Of fSS, $50 03,
which have been transferred to the revenue
fund, as required by an act Of February i,
So.
Receipts on account OF the Institute for
the Blind, including the balance on hand on
the lst day of December, 1854, amount to
Si,139 GT. Payments on the same account
amount 10 $i,0l0 sc, leaving balance of
Si29 81, which has also been transferred to
the revenue fund, as required by the act OF
February Il, 1855.
Receipts from five per cent. Of the gross
earnings Of the Illinois Central Railroad and
Galena Branch for December, 1870, and
June, 1856, amount 10 SOL, $50 80. Pay
ments on the same for the purchase Of Hi
nois interest paying Indebtedness amount to
$50, IA 81, leaving a balance Of Si,SS0 0S
in the treasury.
Receipts on account Of the state land fund
amount to sl9s,577 -. Payments on the
same account amount to $780, ,S79 Is, leav-
ing = balance in the treasury of $37 ,G97 -.
Receipts on account Of the school fund
amour. to sos, l45 90, and payments on
account Of the same amount to S37, ,697 81,
leaving balance Of So, ,0G9 sc in the irea-
sury.
A".nnn. nf ta~es nonresident lands
remaining in the treasury on the 1st Of De
combcr, 1854, are s1,79O so. Payments on
the same amount to $3.50 13, leaving a
balance in the treasury on the lst Of Deem
Der. 1854, iS s1TT 90.
Funds deposited in the treasury from
Adams and Hancock counties, belonging to
unknown heirs, amount TO :SG 40.
BY the provisions OF an act, entitled AN
act 70 regulate payments Of interest on the
public debt and the purchase oe state bonds"
approved 18th February, 1856, i, is made
the duty of the State Treasurer to pay the
ins.alments Of interest in New York, and to
make necessary arrangements for the pay
mcnt Of the instalrncnts Of interest made
parable in London" BY the provisions Of
an act. entitled An act TO provide for the
payment of the instalment of interest upon
the state debt payable in January, 1855"
approved February 18th, 1854, portion Of
the surplus rcvenue, and the fund received,
or 10 DC received, for the sale of state land,
t.
Of the instalmcnt of interest which taoC.d
have been made in New York on the first
Monday of January, ,Sl5." The appropri-
alton thus made, and the duties of the Trca-
surer beng defined by the acts above refer
red to- il became necessary 10 concentrate
all the available means entrusted 10 the un-
dersigned to enable him to pay the install
ment at as early day as possible. In order
to effect an object SO desirable a settlement,
of the accounts of the state with Nessrs.
Matheson & Co., interest paying agent, in
London, was requested.
These gcntl men very promptly forward
ed statements Of their accounts, together
with vouchers for all disbursements, and in
August. 1855, the balance in their hands.
(e1,1Of 9s. 4d.,) equal to S4,s99 CT, and
was placed to my credit on account of the
January, 1855, instalmcnt in the American
Exchange Bank, New York, and the further |
payment Of interest in London discontinued /.
Some excitement had been created amongst
the people of Illinois, as well as amongst the /
holders OF our bonds-the creditors Of the .
state-in consequence of the failure to pay I
the ;nstalmcnt Of interest which had heen |
provided for as it fell due in January, 1855. |
1t became necessary to remove the excite /
mcnt and distruSt thus created to the preju- |
dice of our integrity at as early day as pos /
sible.
The duty Of paying the interest having |
devolved upon the Treasurer, and appropri- |
atoms been made by the legislature for pay
mcnt of the January instalment from the /
land fund and the surplus revenue; but in
March following the adjournment OF the |
legislature neither land fund or surplus reve- |
nue. sufficient to pay the instalment was IN |
the treasury. 1t occurred to me, however,
that our state land would be disposed of at
an carly day, and tie unexpended surplus |
revenue would soon be returned to the trea-
sury, and, therefore, early in April ] gave |
positive assurance to our creditors that the /
delinquent instalmcnt should be paid with !
the instalment for the following July.
The assurance thus given appeared to be |
generally satisfactory, and its fulfilment in /
June. 1856, made il entirely so.
In the month of juno, 1855, verbal
agreement was made with the president and |
cashier of the American Exchang &c Bank, in
New York to receive the interest funds of
Illinois from the Treasurer on spec.l depo-
sit, and to disbursc the same on such terms |
as should be fair and reasonable compen- |
sation for the service rendered.
On the 22d Of June, 1855, my first deposit
of $16s, 900 was made with the bank, being
less than ten days plior to the day of pay /
ment From that date to the l4th of De- |
cember following the sum of S307, 600 1G
was deposited, being the amount required to
nav the interest on liquidation bonds and
u, Y -, at Tho 1