St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1869-10-22


500. co. Of bonds due i'll 1876 and 1873,
winch have been purchased hy H. treas
urcr and have not been cancelled. hu are
held BY him with view OF eXc'tn.-
in% them ii found cXpedient, for bonds
du2 in 1871. The excess Of current IL
abilities over cdrremt resources, is twenty
one thousand one hundred and eight dot
lars AMI fo:ty-ci"ht cents, (S21. los. 49,.
The present apparent total liability OF tie
state j. therefore enc million nlncty->IN
thousand one hundred and eight dollars
and torty-cight cents, (el, O9O, los, 4S.)
But against this Is to bc offset the pres
cmt amount OF the sinking fund, which l.
9cvcmty-fivc thousand six hundred and
ninciy-.Our dollars and two cents, (S15,-
6oi %. } and twcnty-sevcn thousand five
hundred dollars, (e21, 5O0,0W OF bonds
held by the Treasurer ~ before stated -
making the net liability not provided for,
nine hundred and nine,y-two thousand
nine hundred and fourteen dollars and
iorty-SiX cents, (S992,9l4,4G). For
adj purposes, except that of cN-
chance, these bonds held 10y the Treas
urcr may be treated lis paid, in deter
mining the present financial condition OF
the State.
At the commencement OF the year the
funded debt was one million two humid
red and twenty-,even thousand dollars,
g ,221 ,O0O,O0). The excess OF cur
rent resources over current liabilities was
seventeen thousand four hundred and five
dollars and forty-ninc cents, (Sl1, lOJ,
49, Leaving the net liabilities at that
time one one million TWO hundred and
nine thousand five hundred and ninety
four dollars and iitty-onc cents, 81 ,2O9, =
J9i.Jl.) But thc amount of the sink
In@ fund then on hand, which was fifty
nine thousand six hundred and thirty
-evcn dollars and scventy-one cents, (SJ9,-
"j1.1l,) WAS applicable i'll reduction of
that -um,-lcaving the net liabilities Of
the State. not then provided for, one
million one bundled and forty thou--
AMI nine hundred and titty-six dollars
and eighty cents, 81, lt9, 9jG.s0)
The funded debt has been reduced
during the year one hundred and >evcn-
iy nihe thousand I'VE hundred dollars,
(S!Gg, 300. 'O,) which sum includes the
bonds purchased. but not one cancelled {;
ana Inc MT reduction OF the total ilthll-
ity ut the State during the year, treat
IN" those bonds as paid. has been one
h"L'ir'H an" llltE-SeNcn thousand forty
two dollars anu thlrty-iOur cents, (Sl1'.-
"I2.''".)
Vt the close OF the war IN lN6I tine
funded debt WAS one million six hundred
and fifty thousand dollars. - 800 200. OOl
the total Liabilities OF the State were one
W;.liuu eight hundred ami thirty four
lh"u-a"! ""r hundred and -iXty-threc
dollars and luniy-siN crnt>.tSl N34. !":i.-
"".) Durlu- thu four years which have
elapsed since that time the funded deb!
ha- been reduced -IN hundred and Two
thousand ilvr hundred dollars. tS1"2.
I"o.nh , and :hr total Liabilities not
provided for, have been reduced ,i.ht
hundred and forty our thousand two
hundred aud titty-nIn" dollars and fifty
cents. o. .2IH jO.)
The hu,ll- of the state to tine amount
of four huulrcd and ri.htv thousand
dollars. t%iNO. uun.uu) al! ,luc June l..
- : ct Whirh tour hundred and tour
thousand three hundred and five dollars
and nuciv-cisllt cents. t<iOl.3O r.
mann unpro,iirI for; and provision
should br made tor their prompt pay
mrnt At maturity. ~ the Auditor Of
Accounts gIvr> no very certain assurance
that any considerable amount will be re-
C,lv,I WITHIN that time from Illr Cen
'r"l Government IN further payment ot
Inc clam IL til" STATE against the United
states tins Will involve the necessity OF
increasing the present year and the next
year tn" amount appropriated To the
-1nhlh" fund The amount appropriate
ted Tor thar purpose IN lSnN was one
hun"r'"I thousand dollars. tSloo.o"".-
u" > Tut the amount actually applied +"
that iuni from tn" tax levied IN lNtN
ha- been but sixty thousand dollars.
lS"O.oo'.ohD And If the excess OF the
current expenses over the current re-
OBSERVATION-DISCLOSURES thousand one hun
Ired and 'i@ht dollars and torty-c'@ht
cents, C92l los 4S.)-had been paid
from the avaIIN CT the tax. 1t would have
LIT applicable TO the sinking fund from
that source but thIrty-elEht thousand
ciGh' hundred and mnrty-onr dollars and
iIily-tw" cents, CS3S, N"l.j2.) instead of
one hundred thousand dollars g 90 900
"p.) rs was intended. lhiS l. due to
the fact that the amount required to he
paid during the year for the expenses OF
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