The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1866-01-30
PUBLIC TREAsURER's REPORT.
TREASURY DEPARTMENT OF n. CAROLINA,
Jan. 10Th, 1866.

TREASURY DEPARTMENT OF N CAhOLiNA,
! JAN 10Th, 1866.
, To the General assembly of North Carolina j:
On the LIST of January, 1866, entered on
the duties of my Office Public lreasurer-
Since then the carrying on the collection and
sale of the debris of State property, and answer
ing numerous questions relative to the proper
construction of the Revenue Ordinance OF the
Convention, as well as other duties, have left
! me little time for any elaborate report
! beg leave, however, to present few sugges-
tions on subjects connected with my Depart
ment.
The tables appended will give full informa.
ton in regard to the public debt and other SUBJ
jeets. =.
Table A. shows the bonds outstanding against
! the State, for what purpose, by what author
ity. and at what date issued, when due, and the
| amount.
Table B. shows the bonded debt of the State
rast DUE Total 1864 00O The first item Of
S53 900 consists of ten years registered bonds
issued under acts of 1848 and 1850, known tc
be due, but the books in the Office do not show
the date of maturity.
Table c. exhibits the year of maturity OF
bonds not yet due issued before the war, show
imp the aggregate in each year.
! Table ID. shows the amount and time of matu
rity of bonds issued since May Goth 1861, for
Internal improvements Total 81 ,6l9, 1000
| Of these S455 900 for the benefit of the Will
mington, Charlotte and Rutherford Rail Road
! Company, have been validated by an act of the
General Assembly on conditions not yet com
piled with.
The bonds named as issued for the benefit OF
the Chatham Rail Road Company, were not IS
| sued directly to that Company, but 100000
were delivered to the Raleigh and CASTOR Rail
Road Company and 1000 to the City OF
Raleigh in exchange for bonds of those corpora
tons of like amount, and were then paid to the
Chatham Rail Road Company by them for same
amour, of stock. The State is further secured,
by mortgage on the property and franchise OF
the latter corporation. During the war the
Raleigh and CASTOR Rail Road Company, paid
to the State 10 discharge Of its debt SlS0,OOO
and the city of Raleigh $1,000
Table E. shows the bonds and treasury notes
of the State issued during the war for general
purposes, and table +. debt (not bonded,) to
Banks and individuals, likewise during the war.
have not felt at liberty to omit these from my
report in advance of your action on the subject.
Table G. shows the condition Of the banks of
! the State, emitting war publlc securities, and
debts and credits Of minor importance.
Table H. shows the condition of the Literary
Fund, the assets of which are still in my office
in consequence of vacancy in the office OF
Treasurer of the fund. 1t is manifest that the
Common Schools cannot be carried on the pre-
sent year without heavy taxation.
Table [. shows an approximate estimate Of the
ordinary expenses of the State Government, to
Oct lst, 1867, emitting interest on the public
debt, making an aggregate of S5O6, 495.
The books of the Treasury do not show on
what classes of bonds the coupons due and
unpaid, but the whole amount past due, and
which will reach maturity in few months may
be estimated in round numbers at So, OO0, 600
If it be concluded to fund Them then these
added to the ante-war debt will make Sl2, 749,
500, and if the Internal Improvement bonds is
sued during the war be added, the entire deb
of the State, omitting all war debts for genera
purposes, will be sl4,369 500, the annual inter
est on which is SS62,l
The State has sets off against this public
debt, as follows:
! 1st stocks in
N. c. Rail Road Company, $4,000 00(
Raleigh and CASTOR Railroad Co., 6S2,50C
Atlantic and N. Z. Railroad Co., 100000
Western n 9. Railroad Company l,4lS,00(
Albcmarle & Chesapeake Canal Co, $4,000
s6,5lS;50l