The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-12-29

iund to which they belonged. The omission
of these usual formalities has not only
thrown the three per cent. fund into the
confused condition which now exists, but it
has Occasioned failure to show, In any OF
the reports of disbursements from the tr as
ury, the large item of 1892, 133 SO. parted
with by the state in 1868 for the redemption
ofinternal improvement bonds and coupons.
The payments in 1S73-4-5 were made out of
the general fund by virtue of the act of De-
cember 2. 1872, and smount to $500, 9S2 9S.
THE TREASURY SYSTEM.
Mr.. Shaw deyotes good portion of his
report to discussion of the treasury sys-
TEN Of the state. In September Gov. Hen
bricks communicated in writing 20
the treasurer desire to know
VIII Their the books OF his Office were
in such condition as would enable him to
show in the forthcoming report the balance
remaining to the ere iit Of each particular
fund. To this the treasurer replied that he
had no doubt he would be able to make a
full exhibit as contemplated In sections
nine and ten OF the act to provide a treas
ury system of the sia;e, and would en-
deavor to make is as full as bis excellency
desired.
For the present fiscal year new books will
be opened by the auditor of state, as well as
by the treasurer, that will clearly set forth
the connection of the various accounts with
the particular fund to which they belongs;
by balancing the various fund accounts
monthly, as the law directs, confusion In
the funds will, he trusts, be entirely avoided.
Mr.. Shaw calls attention to the results of
bis investigation into tie condition of the
various funds, which shows that the treat
ment of receipts and disbursements for
many years past has been erroneous. That
the treasury as a whole has been honestly
sd miuistered, and the moneys OF the state
all accounted for, there Is no doubt, nor has
that been a subject OF investigation; but
that there has been confusion of funds will
be apparent by the examples he will exhibit
in the treatment Of them.
APPROPRIATION ACCOUNTS.
No attention has been given in this Office
to the keeping of appropriation accounts. l
have discovered no records which would
show me what amount was authorized to
pay without exceeding the limit fixed By
law. BY diligent examination of the recent
laws making special appropriations and
comparison OF the amounts paid, L have
been enabled to approximate the balances
due on the several accounts In
favor of the public institutions. Those
accounts which sustained by per-
manent appropriations accruing to their
credit as proper claims thereon are allowed
and paid must necessarily have no balances
and the appropriations and disbursements
are equal IN amount. 1 have endeavored to
co MORN strictly to the requirements of the
law governing the treasury, rs i understand
it, ard respectfully refer to my monthly
statement for October, and the annual state
ment for the past year as demonstrating the
accuracy and simplicity of the fund ac-
counts as now stated In this report.
THE THREE PER GENT. FUND.
The act of congress, approved April 10,
1916. to enable the people of the
territory of Indiana to form a
lowing provision: "That five per cent. of
the net proceeds Of the lands lying within
said territory, and which shall be sold by
congress from and after the FIRST day OF De-
cember next, after deductiDg all the ex
penses incident to the same, shall be re-
served for making public roads and
canals, of which thTes-fifths shall
be applied to those objects within
the said state under the direction of the
legislature thereof, and two-ffths to the
making of a road or roads leading to the said
state under the direction of congress" This
being accepted became operative in favor OF
the state from December i, 1916, and an &C
count was opened between the state and
the United States, and large sums OF money
have been paid 10 the state as three per
centum OF the net proceeds of the land sold
20, 1852, it is made the duty of the state
treasurer to draw, account for and pay over
to the several counties the money due the
state from the United States on account
of the three per cent. fund. After
examination the treasurer finds the con-
dItion of the fund to be as follows: The
total amount paid to the state at the close OF
the year 1912 was S512, 097 81, ana no pay
ments having been made since that time,
this is the entire amount appearing on the
books to date. The treasarer's report of
l84l shows appropriations to roads and
counties to be 1914, las So; payments made
thereon, $4SS 1903 81; balance due on sppro-
pIistions, $S5 PAS OF; balance on hand, S.
341 90. In November, 1912, payments were
made to the state amounting TO IS ,305 40,
and thenceforWard disbursements were
made to the counties on the balance of ex-
listing appropriations due them, at the
rate OF 500 Sc to each. The condition of the
fund is thus stated in the report OF the state
auditor for 1854: balance in the treasury
October 81, S32 IL. nothing having been re-
ceived on account of the fund since 1874.
There is admitted balance due the state
of a large amount, and negotiations for its
payment have bsen in progress for several
years; but the difficulty OF obtaining the
balance acknowledged TO be due the state
arises from the fact that the United States
government is the holder of Indiana bonds
| Of considerable amount, held in
trust lOr Obnor phfbloSt the IN
terest o. which has been paid
since Is4I. The balance above shown has
appeared on the books of this Office from
| year to year, and is the balance now shown.
no change having been made in q years /"
In 1868 the state was engaged in the settle
ment of her war claims against the govern
ment, In the progress Of which a considers-
| BILE amount was found to be due the state,
| and was allowed, but not Immediately paid,
the general government showing that II was
the holder of internal improvement bonds
paid since le4l. OF these bonds al were
due with their interest coupons, and on 81
the interest coupons were due up to the
date OF settlement, and the offset of the
United States then appeared IS follows:
Interest coupons from 1871 to July L,
1919, on Hi bonds, and from 1891 to q
January 1865, on % bonds .slos 20S s.