Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-12-31
From the Raleigh Standard.
ID. General Assembly. Among @

From the Raleigh Standard.
The Trensurer's Report.
We gather the following items from the Report of d.
W. Courts, ESQ., Public Treasurer recently printed and
laid before the Legislature.
The receipts into the public treasury for the fiscal year
ending September 80, 1857, were $2l78653 80 and
for the fiscal year ending Sept30 1858 81 54l GAL %
making with the balance on hand November 1856, the
sum of 1885, 637 "a. The disbursements for the fiscal
year ending September 80, 1857 amounted to 50 ,094
207 3d. and for the fiscal year ending September 3d.
1853 636 400 1l-making fer the two years 49, $780,
GIG 46, and leaving hand the sum of $l06O2l 48.
The receipts into the Sinking Fund were $29,250,
being dividends State stock in the Raleigh and CASTOR
Road This was paid in December, 1851, and the like
sum has been or will be paid for 1853 The amount
first named invested by the Commissioners in State
coupon bonds.
The Treasurer estimates the income of the public fund
from October l, 1853 to September 80, 1852 from
ordinary sources at $516,96l 80; and from 1859 to
1860, at $5ll $50 68-makng together O28522 so.
The disbursements for the period for ordinary pur
poses he estimates at 81 OO9 49, leaving deficit for
the two years of 52496 SO.
The Treasurer then gives full statement of the pub
lie debt, showing for what purposes contracted and
when it will fall due. The total funded debt amounts to
$6,879,505 90. This does not include $55OOOO, en-
dorsements for corporations The annual interest
this funded debt is $4l2770 80; but besides this the
State is bound to pay and is paying $4,000 per
num- interest the bonds of the Cape Fear and Deep
River Navigation Company. This makes the whole
amount of annual interest paid by the State $43O7
OF this interest the of $73,260 80 is payable in
Raleigh registered bonds and the remainder In New
York coupon bonds
The income of the Literary Fund, from all sources
principal and otherwise for the two fiscal years named
| including balance hand November l, 1856, was
1888 1863 IT; and the disbursements for the same Pc
rod were $5O52O2 3d. leaving to the credit of that
| fund October l, 1858, $79,l66 Sc.
We make the following extracts from the concluding
portions of the Treasurer's Report
"The receipts from ordinary sources into the 1resury
for the last two years. would have considerably exceeded
the disbursements for that PERIOD but for the action OF
the Legislature in certain particulars which could not
be anticipated at the time the estimates which the
Revenue Law was based, were sent to that body and
from other causes. | will of them In the
first place the anticipated receipts were diminished by
the passage of law dverting from the Public Fund
into the Sinking Fund the dividends from the Raleigh
and Castor Railroad, $2925O, and by the extension Of
the time of payment of the bond of the Seaboard and
Roanoke Railroad Company for $5,387l4, which had
estimated among tie receipts, while the disbursements
increased to extent which could not be antlc
pated when the estimates prepared, follows
The appropriation for the statue of Washington $l2
PIT the order to issue $250000 State bonds to the
:, Albemarle and Chesapeake Canal Company, on which
have to pay interest, $500; the payment to the
University of $4,000 and the payment of $26,97O on
the bonds of the Cape Fear & Deep River Navigation
Company, though this latter put down as a cOntn-
gency that might happen but not deemed probable
the Company to that time had promptly met its in
terest There has been also falling off in the last two
years in the collection bonds for Cherokee lands to
the amount of 81 497 These together amount to the
round sum of $l03 BESIDES under the act of the
last Legislature have had to advance to the Insane
Asylum larger amount than has yet been returned
to the Treasury by pay patients and the counties liable
for INDECENT patients This swelling of the disbursements
by the action Of the Legislature to extent not antc
pacd at the beginning of the session. and the presenta
ton of demands not expected and therefore not provided
for has happened different times before, and has given
rise to the necessity of making temporary loans under
resolutions to that effect shown by former reports
from this and the COmptroers Office in anticipation
the revenue and the payment of these when the
comes in. This continual round of borrowing and pay
ing up has become embarrassing to this Department
and will be so for the present fiscal year. For in
stance the demands upon the Treasury, between nov
and the coming in of the revenue by the Sherfs MAJ
be put down as follows:
e Amount due in New York, January l,
t 1859. $lO9,8 1915 OF
e Amount due in New York, April l, 1859 $3.50 o.
Amount due in New York, July l, 1859, 1O9,875
e LIST Monday in Jan. and July, 1884,. $4,000 o.
= Amount due in Raleigh LIST Jan. and July,
f 1859. NEUTRALITY-SUSPICIOUS.. 1920 81
2 General Assembly, and part expenses of
f the State, observation-disclosures. $4,000 o.
: $45O,89O g.
0 Amount hand, Oct. l,
t 1858, ................$ l06,02l 48
: Due in New York, Oct. |,
1913 IN 40 OIL a