The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1869-10-19

During the past year peace has pre-
vailed throughout the land, contrast
ing most beautifully and significantly
with the stormy excitement OF the years
az warfare for our National existence,
through which We have 50 recently pas
sed. The earth has yielded bountiful
crops TO is cul6yators. No general ep-
idemic, or disease, has prevailed with
incur borders. Aud business Of all
kinds has progressed without serious
reverse, or financial disaster. For all
which grateful thanks are due and
should be reverently returned to the
Divine Providence, from whence all
blessings flow.
FINANCES.
The details Of the present financial
condition Of the State and Of the re-
ceipts and disbursements for the past
year are shown by the Reports Of the
Treasurer and Of the Auditor Of Ac-
counts which viii be laid before you.
The result may be briefly stated.
The total funded debt Of the State
the present time is one million seventy
FIVE thousand dollars, Isl, 075,000, -
which sum, however, includes twenty
seven thousand FIVE hundred dollars,
(s27 100000 Of bonds due in 1876, and
1878, which have been purchased by
the Treasurer and have not been can
celled, but are held by him with view
Of exchanging them, IL found expedi-
emit, for bonds in 1871. The excess Of
current liabilities over current resour-
COS ia twenty-one thousand one hun
bred and eight dollars and forty-eight
cents, (21, 10s,4s,) The present total
liability Of the State is therefore one
million ninety-six thousand one hum
bred and eight dollars and forty-eight
cents, Isl 1896, los. 48) But against
this is to be Offset the present amount
Of the sinking fund. which Is seventy
five thousand six hundred and ninety
four dollars aud two cents, (75,694, OF J
and twenty thousand five hun
dred dollars (27,500,O0) Of bonds held
by the Treasurer as before stated
making the net liability not provided
for nine hundred and ninety-two
thousand nine hundred aud fourteen
dollars and forty-six cents, 1882, 9l446l
For all purposes, except that Of ex-
change, these bonds held by the Treas
urer may be treated as paid, in deter
mining the present financial condition
OF the State.
At the commencement OF the year the
funded debt was one million two hun
dred aud tweuty-seyen thousand dol
lars, ] 22T, 10000 The excess of cur
rent resources over current liabilities
was. seventeen thousand four hundred
aud five dollars and forty-nine cents,
SIT ,I05 49, Leaving the net liabili-
ties at that time one million two hun
dred and nine thousand Eve hundred
and ninety four dollars and fifty-one
cents, 81. pos. 5945l. Dut Inc amount
OF the sinking fund then on hand,
which was fifty-nine thousand six hun
dred and Thirty seven dollars and sew
enty-one cents, t59,63T7l, was appli-
cable ia reduction Of that leaving
the net liabilities Of the State, not then
provided for, one million one hundred
and forty-nins thousand nine hundred
and fifty six dollars and eighty cents,
tsl.14a,95Gs0
The funded debt Las been reduced
during the year one hundred and sew
cnty-Hiue thousand FIVE hundred dol
lars. fI79 $4,000 'which sum includes
the bonds purchased. bot not cauceI-
led; and the net reduction Of the total
liability Of tho State during the year.
treating those bonds as paid. has been
one hundred and tfty~seveu Thousand
forty-two dollars aud shirty-iour cents,
tl570i234
AT the close Of the war ia 1865 the
funded debt was one million SIX hun
dred and City thousand dollars, (sl,-
Csc. 600 co. and the total liabilities Of
the State we're one million eight hun
dred and thirty-fonr thousand one
hundred and sixty-three dollars and
ninty-six oopts. 1884, 1896. Dur
ing tbs four years which have elapsed
SINCE shR time the funded debt has
been reduced ak hundred and two
thousand Eve hundred dollars. S602,
$1,000 and the total liabilities, not
provided for, have have bsea reduced
eight hundred and f8rty-one thousand
teo hundred and fitsy-nine dollars and
fifty cents, fs4l 25a50j
The bonds q tie State to the
amount Of four hundred ard eighty
Thousand dollars $3.50. 10000 fall
doe June LEI, 1871; q whom four hon
dFed sad faur thousand three hundred
sui aya doilAFS and aiaeiy eight eeata
ts4nl SIS IA raraain unnruaidad far.