Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-01-11
Report OF the state Treasurer.

Hon. S. {. Hatch, State Treasurer, has submit
ted his report to tie Legislature. The receipts Of
the Treasurer the pas. year were 81 1913, 1870
which added to the amount on hand Dee. 81. 1873,
makes 81 904 50. The disbursements fer the
year amounted to 81 ,537, 71s.54, leaving balance.
in the Treasury, Dec. 81, 1874, Of $685., 1854.
The following are some of the principal items Of
eSpe nditure public debt, $4,000; interest On pub
lie debt, 1892 1885, sinking fund of 1865. Sl01,-
6s1 80 ditto OF 1868, $50 5SS Co. Council, So S55-
70; Senate, s., 63S; House, S32 ,039; insane pau
pcrs, S43,910.49; Trustees insane hospital, ST.
1911 so; Reform school, $50 600; State prison,
SIT 900; committee to investigate prison. s. 407 :
-; support OF paupers IN unlrcorporated places.
81 22S.SS cost of imina prosecutions 81 972. 50 /;
free high schools $40, 1851 free high school de-
iciency Of 1873, 1891 Do teachers in tiiutes.
81 3o4l0; first school mill tax SIG, 95 60; second
school mill tax, 81 80 66139; third school mill tax,
81, 500 50; deaf dumb and blind Slj,3l40j; ag-
cultursl societies So S53 80; board of agriculture
81 1884 "a advertising laws, s., 15l 80; stationery
s. ,0S2 %; salaries S62 69l 40; soldiers pensions.
SD S3S Al; military, Sll 3lj So: military pensions
81, lOi -; bounty en- animals, 81 $50
The Treasurer estimate. that the receipts for
next year will amount to Sl,753 20lSi Of which
81 ,009, 2l441 comes from the tax OF 1874 $4,000
from the land office, and S2SS 600 from tax or saw
'rVs bank. The expenditures he puts at 81 ,55.,-
j60l9.
=
p. This sum includes all trust funds school funds
&c. The public debt Jan. /, 1879 WAS s. ,0sS 400,
of which 81 223 900 is in Registered bonds, and
ST. S65, 400 in coupon bonds. Tue sCtual indebt-
edness of the state is S55. 1873 there being sink
ing funds to the amount of Sl,5l4, 022 50.
The State tax was reduced 3-4 of mill last year
vet the Treasurer reports no difficulty in me Getting
the demands on the treasury. Mr.. Hatch reports
he delinquency Of the railroad companies relative
to the tax laid upon them. The amount unpaid is
Clu5 01q % Of WI oh M 6 10 0D0 will ha place1
to the credit of the towns where the stockholders
reside. The treasurer recommends that the leg
lslaturc follow the examp OF other States by rails
ing portion of its revenue by taxing corporations
Of various kinds He further suggests that the
Treasurer be authorized to retain he portion of
school fund due towns which delinquent 10
laying their State tax until such payment is IT ade
Hon. William Caldwell who has charge of the
sinking fund, suggests that would be wise to al
low the Treasurer to purchase other securities
than those of the Federal and State government
since these are selling at premium. In purchas
ing $4,000 of state bonds for the sinking fund, a
prenlum of So 6S2 30 was paid.
Quite portion of the report is devoted to the
Savings bank tax. The Treasurer suggests thst
the act authorizing this tax be changed that the
tax be ba,ed 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 with in days instead of forty five
days as now provided The average amount Of
d posts for the six months preceding Maya 1874
given SIS, $50 ,037 GA, and Tor the six months
preceding Oct 81, 1874, S2S, sos, 4Sl. The total
lax for the year is Sli3 3lS q.
The amount due from delinquent towns ard
plantations is %, 1881. Towns are called delin-
qucnt which have not paid the tax Of 1873 and
years previous. The town of Mayteld has paid
no state tax since 1854. The amount of "delin-
Qucncy" before 1873 is very small. Some very
good towns are in that list. The report also con-
talns the sums apportoned TO the towns, cities
and plant atoms both from the school fund and
mill tax, the sum total being 1886, 1880.
The report of the Treasurer contains much val
vable information relative to the several trust
funds now held by the State, and is of the opinion
that if the act relating TO Savings Banks, approved
March A, 1874, imposing one half of one per cent
additional tax saving banks for the OF the
State remains in force, the State tax fer the en-
suing year can be reduced to four and one half
mills on the dollar, provided no extraordinary ex
penditures are authorized by the Legislature
The rate of taxation for 1874, was five mills on the
dollar.
The report throughout is not one Of dry figures
and tabulsted work, but document of interest
that will be read by every business man and its
| recommendations will receive the respect and en-
dorsement of the legislature. After one years adj
minstiaton of the important trusts of this Office,
the wisdom of the last legislature in its selection
of financial officer is very evident.