Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1858-12-29
The Treasurer's Report.


print ed and laid before the Legislature
The receipts into the public treasury for the fiscal
year ending September 80, 1857 were s. 653 80;
and for the fiscal year ending September 80, 1858,
$1,541 ,941 22-making, with the balance on hand
November, 1856, the sum of So, ,S36, ,637 "a. The
disbursements for the fiscal year ending September
80, 1857, amounted to 5000, ,2O7 35; and for the
fiscal year ending Sept 80 1858, 81, $50, 400 IL
making for the two years s., 73O6l6 46, and leav-
ing on hand the sum of $lO6,O21 4s.
The receipts into the Sinking Fund were S29,25O,
being dividends on State stock in the Raleigh and
CASTOR Road. This was paid in December, 1857,
and the like sum has been or will be paid for 1858.
The amount first named was invested by the Com
missoners in State coupon bonds.
The Treasurer estimates the income of the public
fund from October l. 1858, to September 80, 1859,
from ordinary sources, at S516961 80; and from
1859 to 1860, at $511 $50 6S-making together
$1,02S,522 So. The disbursements for the same pe-
rod for ordinary purposes he estimates at 81 ,0S1-
OG9 As, leaving deficit for the two years of S52-
1856 9S
The Treasurer then gives full statement of the
public debt, showing for what purposes contracted
and when it will fall due. The total funded debt
amounts to $6,S79,5O5 90. This does not include
$55o,Oo0, endorsements for corporations. The an
nual interest on this funded debt is $412,77O 30
but besides this the State is bound to pay and is
paving $lS 900 per annum, interest the bonds of
the Cape Fear and Deep River Navigation Company
This makes the whole amount of annual interest
paid by the State $43077 Of this interest the
sum of S73,26o 80 is payable in Raleigh on regis
tered bonds, and the remainder in New York on
coupon bonds
The income of the Literary Fund from all sources
principal and otherwise for the two fiscal years man,
ed, including balance hand November l, 1856,
$3.50, 1863 II; and the disbursements for the
period $500, ,2O2 81, leaving to the credit
of that fund October l, 1858, S7s166 sc.
We make the following extracts from the con-
Guiding portions of the Treasurer's Report:
The receipts from ordinary sources into the
Treasury for the last two years, would have consd-
erably exceeded the disbursements for that period
but for the action of the Legislature in certain par
ticuars which could not be anticipated at the time
the estimates on which the Revenue Law was based
were sent to that body, and from other causes.
will name some of them: In the first place. the an
ticipated receipts diminished by the passage of
law divcrtng from the Public Fund into the Sink
ing Fund the dividends from the Raleigh and Gas
ton Railroad, S29,250, and by the extension of the
time of payment of the bond of the SeabOard and
Roanoke Railroad Company for So, ,3S7. IA, which
had estimated among the receipts, while the dis
bursements were increased to an extent which could
not be anticipated when the estimates prepar-
led follows: The appropriation for the statue of
Washington, $l2,277l9 the order to issue $780,
900 State bonds to the Albcmarle & Chesapeake
tCanal Company, which have to pay interest
$4,000; the payment to the University of S6,00O
md the payment of S26,97O on the bonds of the
Cape Fear Deep River Navigation Company
though this latter put down as a contingency
that might happen but not deemed probable
the Company up to that time had promptly met
its interest There has been also falling off in the
last two years in the collection on bonds given for
Cherokee lands to the amount of 81 497. These
together amount to the round of $103 SSl SO :;
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 Treas
ury by pay patients and the counties liable for in.
digent patients. This swelling of the disbursements
by the action of the Legislature to extent not
anticipated at the beginning of the session. and the
presentation of demands not expected and therefore
not provided for, has happened different times be-
fore and has given rise to the necessity of making
temporary loans under resolutions to that effect as
shown by former reports from this and the Comp
trollers Office, in anticipation of the revenue and
the payment of these when the revenue comes in
| This continual round of borrowing and paying up
| has become embarrassing to this Department, and
will be more for the present fiscal year. For in
stance the demands upon the Treasury, between
now and the coming in of the revenue by the Sher-
| ifs, may be put down follows
| Amount due in New York, january
1, 1852 s1oe,s75 90
Amount due in New York, April l,
1859, 5s,ssO 90
Amount due in New York, July l,
1859, .1O9,s75 90
1st Monday in JAM and July, 1859, $4,000 90
Amount due in Raleigh, 1st Jan. and
July, 1859, 1890 so
General Assembly, and part expenses
of the State, $4,000 90
$780, 800 80
Amount on hand Oct
/, 1853, s1o6,O21 4s
| Due in New York, Oct.
1, 1863, 5s,11O 90 47,911 4s
S4o2, ,s7s 50
respectfully submit, therefore, that authority be
given to sell at long period, say thirty years,
$4OO 900 of State bonds, and the placing of this
amount in the Treasury, so that the Department
may be free of debt when the Sheriffs pay in the
animal reyenle One reason for this recommends