The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-01-31


70 tho lGenesd1 Asesblv Of North Carolina s,
On the 1st of January, 1866, entered on
the duties of my office as Public Treasurer.
Since then the carrying on the collection and
sale Of thedebns of State, property, and an
swering numerous questions relative to the
proper construction Of the Revenue Ordinance
of tile Convention, as well as other duties,
have left me little time for any elaborate re-
port. &. -.,,.., z. 4 a. 49,
: beg leave, however, to present few sug-
gestions on subjects connected with my De-
partment. s9.ss.s ~ &
81 The tables appended win give full infor-i
nation in regard to the public debt and other
subjects, . i,. =. 5ll'''I sissi
|9g Table a shows the bonds outstanding
against the State, for what purpose, by what
authority, and at what date issued, when due,
and tbe am untpii 9ll5 ssqTl Is9gisass 81
~ Table B shows the bonded debt Of the;
State past due Total $564,O00. The first
item of $53 900 consists Of ten year registered
bonds issued under acts of 1848 and 1850,
known to be due, but the books in the Office
do not show date Of maturity. ,.saa liit
+ Table C exhibits the year of maturity OF
bonds not vet due issued before the war,
showing the aggregate in each year. 2i's'a Z
b. Table D shows the amounts and time of
maturity Of bonds issued since May 90, 1851,
| for Internal improvements Total 81 ,619,-
600. of these 1856, 900 for the benefit of the
Wilmington, Charlotte and Rutherford Rail
road Company, have been validated by an
act Of the General Assembly on conditions
not yet complied with. is le sia'i2. 2
The bonds named as issued for the benefit
of the Chatham Railroad Company, were not
issued directly to that Company, but $780,
l. 600 were delivered to the Raleigh and Gas
| ton Railroad Company and $4,000 to the
| City Of Raleigh in exchange for bonds OF
| those corporations of like amount, and were
| then paid to the Chatham Railroad Compa-
nv by them for same amount of stock. The
| State is further secured, by mortgage on
| the property and franchise of the latter cor
| poration. During the war the Raleigh and
| CASTOR Railroad Company, paid to the State
| in discharge of its debt $4,000, and the
City Of Raleigh 81, 900. H
Table E shows the bonds and treasury
notes of the State issued during the war for
general purposes, and table F debt mot
! bonded y to Banks and individuals, likewise
! during the war. have not felt at liberty to
1 omit these from my reportin advance OF your
action ON the subject. -
Table G shows the condition of the banks
of the State, emitting war public securi-
ties, and debts and credits OF minor impor-
| lance.
Table n shows the condition of the Liter
ary Fund, the assets of which are still in my
Office in consequence of vacancy in the of
| fee of Treasurer Of the Fund. 1t is manifest
that the Common Schools cannot be car
ried on the present year without heavy taxa
ton.
Table shows an approximate estimate of
the. ordinary expenses OF the State Govern
ment to Oct LIST, 1867, emitting interest on
the public debt, making an aggregate OF
$500, 495. oi'--
The books of the Treasury do not show on
what classes of bonds the coupons are due
and unpaid, but the whole amount past due,
and which will reach maturity in few
months may be estimated in round numbers
| at $3,000,006. ~ .l't'3 90
If it be concluded to fund them, then
these added to the ante-war debt will make
| S12,749, 500, and if the Internal Improvement
bonds issued during the war be added, the
entire debt Of the State, emitting all war
| debts for general purposes, will be $14 $685.
| 500, the annual interest on which is $685.,
| 40. .SEGKAt}) so 9S,JQII.
The State has sets off against this public
debt, as follows:
| LIST. Stock in
N. C. Railroad Company, $3,000,O00
Raleigh and Castor Railroad ~
Atlantic and N. G. Railroad
Company ..'iitl''sa5 $ I. Lose, 900
pa any, g i'i'is5f ai' 90 1,41s,OoO
|