Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-01-10
STATE TREASURES REPORT.

his preceding ones, is a strictly business
like document. The receipts for 49,
were Sl924,164,l2 There was cash l.
the treasury Jan. l, 1870, the sum Ct
| S235, 930,G3. Total for the year s.. l6C
| 094,75. The whole amount of payment
for the year was S5,0il ,8i6,64. and Their
was cash in the treasury at the close @
the year SllS,2i8,1l. The items of ex
| pcnditures and receipts are given.
The total estimated receipts for the yea
1871 are 81, $50, l29.49 The estimated cX
! penditures for the same period arc s. ,95G,
1886.
The public debt of the State is SS.067,
! 900,of which SSi0.000,00 is due this yea
The sinking funds of 1865 and 1St
amount to Sl,270,7 2G,l6, afl'ordng til
means to meet our payment due this yeal
and leaving Il balance to be appropriate,
to future payments. Other trust fund
beside the sinking funds in the treasur!
are S747 ,5Sl,72.
There have been paid during the yea
for claims due. prior to Jan /, 1870, $40
1918.
The act of Congress granting aid to the
European and North American Railway i
inserted IN the report. Secretary Gallo
well remarks that having received Al
order in September from the Governor ant
Treasurer of Massachusetts, on the Sec
rotary of the Treasury of the United State
for all certificates of Indebtedness to b,
issued in accordance with the provision,
of the act of Congress touching this mat
ter. he went to Washington in NovembeI
and received S67S,000 in such certificates
and in compliance with orders passed il
dent of the European and North Ameri-
can Railway.
| OF the debt which comes due this year
$500 is for loan created in 1856, $780,
COZ is a war loan created in 1861, an6
S25, 900 is the ninth of ten notes of S25,-
600 each. given to Massachusetts in 1856
for the purchase of Massachusetts lands
BY Il resolve of last March these severa
sums with interest are payable in coin OF
its equivalent in currency, and it is est
mated that it will require S57 900 to meei
full amount Of payments to be made OIL
account OF the public debt and interesi
during the present year in coin, will be
1924, 900. The Treasurer will avail him
self of the sinking fund of 1865 10 meei
the bonds rs they mature. All but $780,
600 of this sinking fund is invested in oul
own State bonds; and all the sinking
fund of 1868 is invested in the same man
ner.
The Treasurer has paid all maturing
obligations in accordance with the resolve
of last winter authorizing them to be paid
in coin or its equivalent in currency
The premium paid for the same has
amounted to S9,5S5,7S or about Is 15-1G
per cent. making sum larger than the
appropriation for that purpose of $685.
10. He thinks it improbable that there
will be any change, as anticipated at the
time the resolve authorizing gold payment
was passed, in the decision of the Su-
preme Court upon this matter, at present,
and therefore suggests that an appropria-
ton will be necessary to meet the require
ments of the resolve.
All the bonds and coupons redeemed in
1859, amounting to $3.50, 1900 were
burnt by the committee appointed and a
record made of the fact Registered
bonds have been issued for coupon bonds
received and cancelled to the amount OF
S639,000. The Treasurer suggests that
the latter should be destroyed as bondsand
coupons matured and paid are. During
the year there have been issued to towns,
cities and plantations of the municipal
war debt bonds S3,O22, l00 and there is
now ready for delivery S62,300 to towns
as assigned. The sum Of S13 ,699,0 has
been deposited with the Treasurer on
account OF the Agricultural College fund
The whole amount now held by the Treas
urer for that institution is Sll8,394,H
The receipts from the Land Agent have
amounted to SlS, l67, 27, of which Sl2,-
sol, "a was paid in on account of the per-
mauent school fund, 81 ,50S,93 on genera
account, and 1887 90 to the credit of the
Maine Wesleyan Seminary and Female
College. -.
During the year s4,752,50 has been re.
ceived from leases Of shores and islands
belonging to the Penobscot Indians. and
placed to the credit of the Indian fund
which now amounts to 63.827 so.
a communication of Jan. z, 1870, from
the Adiutant General, giving Il list o.
names of cities, towns, and plantations
with certain amounts charged against
them "for deficiencies under call of Oct
II, 1861" as they appear in one of the
books of his Office, is published. The
Treasurer says the Adjutant General hav'
ing been authorized to remove these
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