The Evansville daily journal. (Evansville, Ind.) 1870-1875, 1870-12-19

yeRr......... S,oozsooS VA
Balance In Treasury Nov. /.
outstanding ana nm o''1' %
Auditors balance.~..............s Sgi,lsi IS
From the general remarks of the
Treasurer's report the following are
clipped:
LIQUIDATION OF THE FOREIGN DEBT.
The statement of the outstanding
indebtedness, payable at New York,
furnished by the Auditor, shows that
il has been reduced to $433, 240 u;
and il should be borne in mind that
interest ceased &c accrue since the 1st
of September last, on the greater por-
ton of this amount, consisting of 2
aud 3 per cent. certificates now over
due, and that the remaining Sis. GOO
Is not due until 1881; that In July
last all of the bonds, 5's, o. and War
Loan, we're called for by repeated ad-
vertisements. and that the holders
were then informed that the money
was in the agency to take up every
dollar of them. AS the holders OF the
War loan bonds seem TO prefer to re-
tain them until they are due, the State
must continue to pay interest at the
rate of per cent. on all that remain
outstanding. Without calling for adj
] ditional funds, however, the agency is
in condition to take up the entire for
eign indebtedness.
| ACTION OF THE STATE DEBT SINKING
FUND BOARD IN JULY, 1870.
The receipts for the present year
on account of State Debt Sinking
+ md tax, amounted to scarcely $780,
OU0 up to LIST of July. in consequence
Of reduction in the rate to be collect
/ ed. by the last Legislature. NOtwith-
standing the fact that there was then
4 considerable amount of bonds out
standing above that sum, It was de-
! termined to take all of them up that
1 would be presented. The Sinking
| Fund Department of the Auditor 5
/ Office purchased 100000 Of the
bonds. In addition to this q draft
for 1854, 923 "a from the United
| States Treasury to. Governor Conrad
Baker In payment of part of the mil
itary indebtedness of government,
was by him transferred TO the State
Debt Sinking Fund Board to be used
| in liduidating the debt. Thus rein
forced the Board was able to an
nounce in New York, on the 1st Of July,
1870. that they could redeem il full
/ all of the bonds, and advertised, fur
thermore, that interest on those over
due would be stopped on and after
the LIST Of September following.
CONDITION OF THE DOMESTIC DEBT
| On the domestic debt the interest
is paid to ourselves, and our children
reap the advantages of the payment
in the extraordinary facilities afforded
them for free education throughout
thelength and breadth Of the State
M CONSCIENCE FUND.
! On the sd of May, 1870, lette
was received by mail, addressed
Treasurer State Indiana, Indianapo
lis, Indiana" pOstmarked New York
May q. 3 PM, which contained
! 81, 900 greenbaek note, and scrap o
: paper with the endorsement, "Credi
permanent School, Afund of the Stat
81, 000.o No signature or date wa
attached.
Notice was Immediately givel
through the daily papers of the re
! ception of 81 600 in the manner abov
, stated.
On the 21st Of September, 1870,
!. similar letter was received by mai
containing $3.50 iE lawful money, bear
: ing postmark Chicago, Illinois, Sep
TENDER 20" it contained a scrap c
paper similar to the other, with th
endorsement, "Tredit School Fun
State of Indian $780," and was ais
: without date or signature. Notice {
> the reception of the latter amour
was forthwith published in the dali
papers. No further advices reaehin
nc In reference to the letters, the
j have been preserved for the inspe'
e ton of the Legislature, and a new Al
= count has been opened under tn
above caption until such time as 20
may choose to appropriate the 81 81
to the Fund specifically designated !
e the unknown sender.
/, The condition of the foreign an
: domestic debt October 81, 1870, is 81
forth as follows:
2 FOREIGN DEBT.
4 Five per cent. certificates OF
y Two and One-half per cent. cer-
: War loan $4,000
Total. -..................-.............g4882 lO
vi DOMESTIC DEBT.
- School Fund. non-negottahle
F,vs S1 nsr cant Gates mr. '10
= chased, for which non-nego-
/. table bond has rot been
! given l1SS0o
i University Donds.-....-..--...-..--.--. 6S,oSO
,7S4 2B7
y In the remarks in this report. u
d der the heads Of Liquidation of &
4 Foreign Debt" and Action of q
State Debt Sinking Fund Board,
July, 1870" il will be seen that &
10 whole amount of the Foreign De
has been provided for, and funds fu
"a nished enough to extinguish it.
L. REDUCTION OF THE FOREIGN DEE
During the year 1866, in Novembe
,ir State Debt Sinking Fund Warran
.. were issued and paid, amounting
$4,005. Ia 1867 the paymer
amounted to 81, 320,080 SO; in 18(
w 1884, 307 81; in 1869, 81, 322, 252 Z
o. and in 1870, $755,441 ~. To
ID amounts of warrants issued and pa
during the four years, 81, 332, OS2
n The interest paid in on the ST.
h. debt during the four years abo
st mentioned amounted to $770, 849
le- Of which $143, 897 was paid in 1Sf
$299, 49l 40 in 1867; $203,3 "A
1868; 1852, 107 80 in 1869; and $11
ne $40 81 in 1870.
"a INTEREST ON WAR LOAN BONDS.
at For the fiscal year ending OctoI
81, 1867, $33, 100 AZ was paid as int
"A est on the War Loan Bonds; in Is
y. Sc, 240; in 1869, SIS, $40, and in IS
S0 81, 72O-making q total during
a years mentioned Of $40, $50 ~.
INTEREST ON COMMON SCHOOL FIJI
,e- The following shows the interest
IL the Common School Fund paid
,ol the State to counties, through
AZ semi annual school distribution
~ the Superintendent Of Public
struction. 10 1867 il amounted
$3.50, 826 70; In 1868, 1902 24 90;
sI' 1869, 1913, 079 81, and in 1870, $21
q, 078 97-making q total during I
at four years of $685., $50 g..
20 vIECEHNEs UNIVERSITY BONDS.
~ The coupons paid By the ST.
Treasurer on account Of the Vi
, cennes University Bonds amount
ne to $3, $50 10 during the year 1867.
m 1868 il increased to s., $50 10.
OF 1869. 60. 63J 10 was paid and in Is
"a. SO. 1915 10 making q total during
ty, four years Of SIS, $50 80.
w EDUCATIONAL INSTITUTIONS.
~ The Treasurer submits A staten,