Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-02-10
THE STATE FINANCES.

1 1cANAthAcnb nN
Number of Bonds Received, and the
Amount of Interest Paid.
| The following report was submitted to
the General Assembly yesterday
| To the General Assembly: Your
joint select committee, appointed by aus
| thority Of the Senate, joint resolution No.
| "a, adopted Dec. l, 1868, raising a COM
miitee to settle with the Comptroller,
having performed the duties assigned,
| present the following report:
FUNDING ACCOUNT.
The books of the Secretary of State
show that since the present Comptroller
| took charge Of his office, three hundred
and eleven bonds have been issued in
compliance with an act passed November
49, 1865, entitled can act to amend an
| act entitled an act to establish system
Of Internal improvements in the State"
passed February Ii, 1852. Twelve Of
said bonds were issued in lieu OF twelve
past due bonds and two hundred and
ninety-nine for past due interest, includ-
ing interest due January l, 1866. Vouch~
ere for these three hundred and eleven
bonds are cancelled and on file in the
COmptroller's Office, as the law prescribes.
EXCHANGE OF BONDS.
Under authority of an act passed De-
cember Il, 1866, entitled An act for
the relief Of the bondholders of the
State" the books of the Secretary OF
State, show that 800 bonds have been is-
sued. Your Committee find the vouchers
for these bonds properly cancelled and
filed in the office of the Comptroller, Of
which are fined bonds that mature
in 1868 10 in 1869 Il in 1870 and 20
in 1871.
RENEWAL OF MATURED BONDS.
By order Of the Board Of Finance and
subsequently by authority of an act
passed Sept 5, 1865 entitled an act to
regulate the State finances" the books
of the Secretary of the State show that
one hundred and fifty-nine bonds were
issued by order of the Board of Finance
for the same number of the bonds of the
State that matured May Z, 1868, and res
ports etc. prepared and filed in COM
pliance with the act of Sept. 5, 1865,
aforesaid, show that three hundred and
ninety one bonds have been issued by
authority of said act for the renewal Of
this class Of bonds and that fifty.one
other matured bonds have been renewed,
for which new bonds have been issued,
in all six hundred and one bonds.
As vouchers for these we find that
number of matured bonds cancelled and
filed in the COmptroller's office.
From a dispatch, shown us by the
Comptroller, from the President Of the
Fourth National Bank of New York,
dated 30th ultimO, we learn that lis Of
the May bonds and 60 other natured
bonds had been renewed there since the
9th January.
The evidence is satisfactory that the
Comptroller has fully performed the du-
ties assigned by the foregoing acts.
PAYMENT OF INTEREST ON STATE DEBT.
We ftd that the sum Of So, l5S, 40 80
is charged to the interest account on the
COmptrollers books, from 22d of April,
1867, to Feb. 5, 1869, inclusive, for which
we find vouchers as follows
Coupons cancelled and post
ed in books, $2,GO404O 90
Interest paid on registered
bonds without coupons SIS, III 81
Amount paid for loans, COM
missions, expenses Of
transmission of funds to
New York, advertising
and other expenses $2I 1876 "A
Total $26GO,084 30
Balance in Fourth National
Bank, of New York, to-
wards the January 1869
interest, $499, 355 80
Grand total $3,l5S,440, 80
From an examination of all the books
kept In the Office of the Comptroller,
with reference to every branch Of busi-
ness appertaining thereto, your commit
tee are satisfied that the duties of said
Office have been faithfully and correctly
discharged.
All Of which is respectfully submitted.
john NORMAN, Chair n
on part of Senate.
w. l. WATERS, Charm
on mart of House