Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1872-01-09
STATE TREASURERS REPORT.

STATE TREASURERS REPORT.
The report of State Treasurer Caldwell
makes more satisfactory exhibit of the con.
dition Of the Treasury than has been seen
for many years. The public debt has been
largely reduced during the year, SO that the
sum to be paid annually for interest has been
cut down $4,000, and the State tax called
for will be considerably lessened.
The receipts during the year 1871 amounted
to So, 100, l09.G1 the expenditures were
81, ll5,0ll2l. There was cash in the treas
ury January Il, 1871, Sll8,24s.ll; on De-
cember 80, 1871, there was Sl92, 1861. Of
the amount paid as shown by the Treasurer's
account, the principal sums were 1881, 900 on
the public debt, and S479, 579. so interest on
the public debt.
The estimated receipts for the year 1872
amount to 81 2GS, 749 "a; the expenditures
for the same year to 81 0G4, G75 76. The
amount of the debt on January /, 1871. was
SS.061 900; on January !, 1872, it is 81 ,227,-
800 Deducting the amount of the sinking
funds, sos, 295, and cash on hand, Sl55, 295,
debtedness of the State is represented by the
sum of SG.274,3l0. The payment on the
debt was made by $40, 900 from the genera;
revenue of the State, and 100000 was re-
ceived from the sinking fund of 1865. By
the reversal of the decision o; the Supreme
Court requiring payment in gold OF certain
debts, the Treasurer was enabled to make
his payment toward the debt in currency,
with the exception of $4,000 which was paid
previous to the reversal of the decision.
A statement of the sinking funds is given
in the report. These are two, one establish
ed in 1865, the other in 1868. The first
amounted at the commencement Of the last
year to Sl,l7s,677.Gl; it was increased by
additions during the year to the sum of
81 All ,GS4.0G, and reduced by the sum OF
SSOO.4lo,OG SO that the present amount OF
the fund is SGll ,265 90. The second sinking
fund amounted January l, 1871, to $92, 04S.-
50; it was increased during the year to the
amount of SlS7 ,030.l5, ell of which, with
the exception OF 81, $50. 10 in cash, is invest
cd in bonds of the State of Maine.
The sum of $685. has been received dur
ing the year from leases of shores and islands
belonging to the Penobscot tribe of Indians.
The fund now held in trust for said Indians
by the State is SCI, 1922.
The committee appointed to settle with the
State Treasurer for 1871 found his accounts
correct, and destroyed all the bonds and cou-
pons redeemed by him during the year 1870,
amounting to s4sG,26l; also all the bonds and
coupons converted by him into registered
bonds, amounting to 5000, 600; and made n
record of the same.
During the year 1871, coupon bonds to the
amount of $5G2, 900 have been surrendered
and cancelled, and registered bonds substi-
tuted. The Treasurer says "the advantages
of registration are so apparent, that undoubt-
eddy the time will come when the larger par,
of our public debt will be represented by
registered bonds"
The Land az Mt has paid into the State
Treasury dui ing he year sl9,l69.19. The
Attorney GentIal has made a settlement OF
the claims of the State against Messrs
Wyman and Brown. growing out Of the
transactions of B. d. Peck as State Treas.
urer, and paid into the Treasury last May
$3,07S.9l. The State has now received or
the deficiency account of b. d. Peck S5l
200 Al; there is balance still due of S42,
$3.50, a part of which may be collected.
The sum of S450l.3i has been received
from the United States during the year, OF
| ub 4 IN no
North American Railway Company, 5000 was
money refunded for double bounty paid a
member of the First Maine Cavalry, and the
balance, $3,93S93 was received through
Governor Perham on account of our late wal
claims.
| The war claims of the State on the general
government wera - mt 81, 100000 of which
the State has received 81 ole, 47O,79.
| The last Legislature authorized the Treas.
urer, if he should deem it necessary during
5000 900. or so much thereof as might be
needed, but he had No occasion to avail him.
self of the authority given.
| The debt having been reduced more than
tenth during the year past, and the annu.
al interest to be paid curtailed by the sum OF
| $50 900 the Treasurer recommends the re-
duction of the State tax for the year 1872 10
four and three quarters mills on the dollar, OF
| the State valuation.
The report gives the best assurance the
people can have of the manner in which the
finances of the State are managed. 1t is
gratifying to know that the State debt is rap
idly decreasing and the burden of taxation
becoming less.
| ADDRESS OF TIE VERNON or
| MASSA CHUSETTS.
| The first annual address of Governor Wash.
burn of Massachusetts, was delivered to the