The Portland daily press., 1875-01-11

AUGUSTA, Jan, 10.
Hon. S. c. Hatch, State Treasurer, has sub
mitted his report to the Legislature and it will
be distributed to the members early this
week.
The receipts of the Treasury the past year
were S1.423,47370 which added to the amount
on hand Dec. 31st, 1873. make $1,o59,9o4. 80.
The disbursements for the year amounted to
81, 537, 1854, leaving balance in the Treasury
Dec. 81, 1874 of $322.1S5.S4.
The following are some OF the principal
items of expenditure: Public debt $4,000; in
terest on public debt $432, 1885; sinking fund
of 1865, S1O7 $751; So; ditto of 1868, $50, 5SS6 %;
Council 1885. 70; Senate SIS, 63S; House 1908;
insane paupers S43,97O.4 40; trustees insane hos
pital $1.191.50; reform school $4,000; state
prison SIT 900; committee to investigate prison
50 407 90; support of paupers in uniBcorporated
places 81, 228 So; cost of criminal prosecutions
81 972 5O free high schools S19, 10361; free high
school deficiency of 1873, 1891 %; teachers in
stitutes $l1, 1884. 10; first school mill tax S16,-
1856 60; second do S1S9 667. 80; third do 81, 502,
IS; deaf, dumb and blind SIS, 314.05; agricultu-
raj societies, S5.853.33; board of agriculture,
81, 1884 "a printing, $25O94.73; advertising laws
S2. Isl. SO; binding, $7,076 90; stationery, ST.
os2. %; salaries $62, 691 40; soldiers pensions
1922, S3S A; military $11,315.SS; military PEN
sions 50, 1O4. 80; bounty on animals 81, S25.
The Treasurer estimates that the receipts for
next wear will amount to S., 1853, 201.S4 of which
81, OO9, 2l4,E comes from the tax of 1874, $40
600 from the land Office and $2SS,000 from tax
ON savings banks. The expenditures he puts
81, 557 ,56O.19.
The liabilities of the state aggregate $9,959,
$780, %. This sum includes all trust funds,
school funds etc. The public debt JAM 1875,
was 81 OSS, 400, of which 50, 223, OO0is in regis
tered bonds and S4,S65, 400 in coupon bonds.
The actual indebtedness of the state is So,
37S. there being sinking funds to the amount
of 81 ,514, O22.SO.
The state tax was reduced three fourths of a
mill last year yet the Treasurer reports no diff
ficulty in meeting the demands on the treasu
ry.
Mr.. Hatch reports the delinquency of the
railroad companies relative to the tax laid
upon them. The amount unpaid is $105, 059.'
%. of which sum $4,000 will be placed to the
credit of the towns where the stockholders re-
side.
The Treasurer recommends that the Legisla-
ture follow the example of other states by rails
ing portion of its revenue by taxing corpora
tions of various kinds. He further suggests
that the treasurer be authorized to retain the
portion of school fund due towns which are de-
linquent in paying their state tax until such
payment is made.
GoIJ has nta ut
the sinking fund suggests that it would be wise
to allow the Treasurer to purchase other securi-
ties than those of the federal and state govern
ment since these are selling at a premium. In
purchasing $4,000 of government bonds fol
the sinking fund, premium of $9,682, $50 was
paid.
Quite portion of the report is devoted to the
savings bank tax. The treasurer suggests that
the act authorizing this tax be SO changed that
the tax be based upon the amounts of deposits
at the date of return instead of the existing
provision, upon the average of deposits for the
preceding six months; also that the banks be
required to pay the tax within ten days instead
| Of forty five days as now provided. The aver
| age amount of deposits for the six months pre-
ceeding May Q, 1874 is given as $2S566, OBJ. GA,
| and for the six months preceding Oct. 81 1874
| S2S. sos, 4S1. The total tax for the year is
S143,3lS.24
The amount due from delinquent towns and
Plantations is $22.793,61. Towns are called de-
Enouent which have not paid the tax of 1877;
and years previous. The town of Magfield has
pait no state tax since 1854. The amount o
delinquency before 1878 is very small. SOM
very good towns are in that list The report als'
contains the sums apportiened to the towns
cites and plantations both from the schoo
fund and mill tax, the sum total being 1886,
3 1875