The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-11-24

AuK. 10. 1911 dSSot5 E0osolO IL EOAN
Wayne Savings Bank has been winding up
business and expects to close Jan. 1, 1875.
Terre Haute Savings Bank, examined Oct.
q, 1874, assets sl43,456 Al; yearly dividend
s per cent.
BANKS OF DISCOUNT AND DEPOSIT.
Under the act organizing and regulating
banks of discount and deposit, there have
been nine banks organized as follows: One
each in Decatur, New Carlisle, Union City,
Newcastle, Columbus. Fl. Wayne, Madison,
Anderson and Portland. The report of the
examiners shows the following as the condi-
ton of these banks: Citizens State Bank,
Newcastle, $212,127 IA. Citizens
Bank, Union City, resources SlO6.9l6 "a.
Farmers Bank, Columbus, $685.
524 IS. Bank of New Carlisle, New Carlisle,
resources s46,S06 %. Hamilton Bank, TT.
Wayne, s446.153 Is. Adams
County Bank, Decatur, resources Sis, 731 95.
Peoples Bank, Portland, resources $40, 5S2 SO.
Indiana Bank, Madison, resources $l71 ,5SS "a.
Madison County Bank, Anderson, resources
$145 ,6S4 40.
INSURANCE
in his office. The gross receipts for fire and
life for the year were s,O27,2 22 25; losses paid
81, 555, $50 81; taxes paid, s4s,6O4 81. The
fire receipts were, 81, 50O,6s1 OIL; losses paid,
$50, 500 %; taxes paid, S26,370 %; for life, the
receipts were 81, 526, 544 "a; losses paid, $780,
240 80; tax paid, s22,2S4 0S.
RAILROADS.
The miles of railroads of main track,
3,7s7.12; value. s27, ss7, 99s. Side track miles,
457,51; value, s2,699,356. Rolling stock
value, So 97, $40. Rights of way without
track, 54,s46. Total miles 4,194.6S. Total
value, $50, 740,042. The longest railway in
the state is the P, G. & st. L. and branches,
in all four hundred and sixteen miles, the
value of which is $4,000, S57, independent of
is the "Kingan," in Marion county, having
42-100 of a mile, valued at $500. The above
summary does not include all of the taxable
value of property. In the most of the coun-
ties there are lots and lands that are subject
to assessment by the county authorities. and
consequently not considered in the assess
ment of the state board. This may be esti-
mated at five and a half millions. In
1S45 there were 80 miles of railway. There
are 1884 locomotives and 1901 cars of all
kinds.
As my term of office as auditor of state
closes in a short time it may not be amiss to
refer briefly to the work and operations of
the Office during the past two years. On
entering upon the discharge of my duties, l
found a recently enacted and still unfinished
revenue and assessment law which materi-
ally changed the mode of assessing property
and collecting taxes. A large number of
new forms, for the use of county officers and
corporations, had to be prepared with great
care and issued at the earliest moment.
The State Board of EQUALIZATION convened
on June 16, 1873, and continued until the 9th
of September. 1t was again convened in
June, 1874, and continued until the 18th of
July following. The proceedings of the
board at each session have been published
in pamphlet FORM. The arduous duties were
performed without expense to the state
other than for additional clerical service. l
do not consider the present law for the as
sessment of property and collection of taxes
perfect in all it's provisions. The experience
of the asst two years has developed errors
whic require legislative attention. The
duties of this Office bring the auditor of
state into close relations with county audi
tors and treasurers, and it gives me pleas
ure to testify to the faithful manner
in which their official duties, in transaction
with this office, have been discharged. I
feel that 1 am warranted in saying that my
term of Office has been one of labor; it has
required all my time and energy, and 1 have
endeavored to faithfully perform the
manifold duties imposed by law
and custom upon the auditor of
public accounts. One of the state
officers who had the confidence and
esteem of his associates was cut
off from his labors when his worth was
beginning to be realized. / need hardly say
1 refer to the late Hon. Milton B. Hopkins,
superintendent of public instruction. For
years he was my rs-zhbor and personal
friend. His true nth was only known to
those who knew him best. He was a good
citizen, a faithful officer, and thoroughly de-
voted to the work assigned him
by the people of the state.
We can look with pride at the progress
made by Indiana in the last half century.
When we consider the disadvantages the
pioneer had to contend with, and view our
state traversed by railroads and dotted by
cities and villages. and see the work of man.
ufactories and tss development of agricul-
tural and minera- wealth, we may we'll be
proud of the state. She has, besides, estab-
lished a glorious reputation in defense of the
common country; she has placed her finan-
cial credit among the foremost; she
has made her public schools, and
the fund which s~ustains them, the admira-
ton of the country, and she has secured
among her citizens capitalists and poor
immigrants from every state and country.
With Management that shall be Just to the
people, and in accordance with the spirit of
true progress, we may reasonably expect as
much improvement over the present in the
next half century as there is now over the
past. JAMES A. WILDMAN,
Auditor of State.
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