Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1877-01-08

/
oil IS from tax on insurance companies, Sl2,
$3.50, and from tax 90 deposits IN savings banks
| S21S, 9Sj.33
There has been received for Interest on depos-
its i'll SuffJlk Bank, Boston, S3s3S32, and fol
interest on taxes, S95l.1O.
The total amount of the public debt at the
close of the present year, Is 50 ,920 400 OF which
81 ,jOS00O arc in registered and Si,Il2,lDJ in
coupon bonds. Amount Of the bolded debt Of
+ the state, after deductng the sinking fund
/ (s19l ,233 81 held in payment Of the loan due
I oct. |. 1859, will be 4j,l29 lO7.
/ The botdei debt OF the state. at the close Oh
the year 1875, les, sinking fund was Sj,212,1NS
reduction Of the State debt duiiag the ycai
I 1876 OF $ .6Sl.
| Tweuty-nine thonsanl dollars of the public
! debt matured March |, aud has been paid THIS
debt represented on the books Of the Office
by $4,000 ia coupon bond' and $1,000 registered
bonds
| Forty-six thousand five hundred dollars of the
public debt natures Feb |, 1877. and will be met
from the current funds in the Treasury.
The public debt, on the lst day Of January,
1870, reached the large sum of IS 100 900; de-
duct the sinking fund held at that date, in pay
ncnt of the same, and the sctuai bonded indebt
edeess of the State was 81 Us, $40 At tue close
of the present year. the public debt less sinking
fund.- is sj,l29 lO1; reduction of the debt since
1870 of nearly 10000.
The State should adhere TO tie wise policy il
has pursued for several years past, Of mectin :
by taxation It's Obligations as theY mature when
ever it can be done without imposing, in any one
year, too heavy burdens upon the tax PAYERS of
the state.
No steps have been taken tho past year. to-
war loans OF the State, and the Treasurer still
adheres to the opinion that the debt he can.
celed without recourse TO new bonds.
The history Of the taxation of railroads j.
given, bu. this has already been published in
these columns There is due from DELINQUENT
rarord companies claiming exemption under
their charters for taxes assessed by the State for
the years 1874, - and 70 the Of Sl47 1873.
IL.
There has been received into the State Treas
ury the past year from tax insurance compa-
mes, SIP $3.50. OF this sum Sll,0i4.ll was
from tax assessed on fire and marine companies
and 81 92S7i from tax life and accident COM
panies. The gross amount Of premium. received
by all foreign fire and marine companies and as
sociations in this State, during the year, was
- ,00S ,60j.,3
The gross amount received by life and accident
companies, was S775 1872 80. The Treasurer esti-
mates the receipts from tax on insurance compa-
mics for 1871, at $4,000.
The sinking fund OF lSGj having been abolished
there remains only the fund established by an
act approved March :, 1868, for the extinguish-
ment of the loan authorized by the equalization
of the municipal war debt due October |, 1889
For this fund there il raised annually, by taxa
ton, the sum Of $50 1926. This amount with its
yearly acCumulatons, the law requires 10 be in
vested in the bonds OF either of the New England
States, or those Of the General Government.
The Treasurer invested the past year on ac
count Of the sinking fund Of 1868, Sl2i 0Yj in
Maine bonds, and ST., 800 in Governments. Pre-
MUM paid on bonds purchased Sll $50.
The present amount of this fund is sol 293.sl
reckoning its securities at their par value.
The average amount of deposits in savings
banks. returned Nov. 4, 1876, TO this office, was
SO ~, 90. The average amount Ct deposits
Oct.30, 1870 was $50, "A ,993.5l a allng of IN
deposit, Tor the year of s3.S3S 9O2 AZ.
Amount of deposits in savings bAnks, as stated
in the Bank Examiners report for 1877, So SlS,-
764 20. The amount Of deposits reported BY the
Bank Examiner exceeds the aggregate deposits
returned to his office IN the sum of 81 3i26136l.
This discrepancy between the two reports would
in part be avoided by an Rmendemnt TO the pres
ent law, requiring the tax assessed by the State to
be based upon the amount of deposits at the date
Of return.
Sum appropriated for schools the past year not
including the fee high schoolsJ 1886 j1S 40.
Thirteen thousand dollars was deducted for the
support Of Normal schools
The eipts into the treasury from the land Office
have been Sii ,29l 05. The business OF the land
office viii undoubtedly be closed at an
early day, and all uncolccted demands due that
department transferred to the State Treasurer for
collie elton and cleoit. here are in the hands of
the Land Agent securities amounting to over Sjl-
900, portion of which bears date prior to 1850
The estimated receipts for 1877 exceed the esti-
mated expenditures $50, 06j 80. If the expeudi-
tuIes of the state ior the coming year are not cx-
traoTd mary, tie state tax may be reduced about
$4,000.
An accoun, j, given Of the bonds destroyed BY
order OF the Legislature.
There were presented to the Legislature of last
winter and allow ed, under chapter 30, section =
OF the rev lsed statutes, claims for bear bounty
amounting to S2,1ij00. This is nearly double
the sum the State ever paid in any previous year
for that purpose. The claims allowed by the
Legislature, upon certificate OF towns, indicate
that $40 bears were killed during the year 1870
From these figures it appears that the year 1875
was an excellent one for bears.
A few charges in the trust funds were made
during the past year, viz
The Granger Turspike Fund was cancelled
upon the hooks ofthis office provided in resolve
approved Feb. %, 1876. and upon report OF Coun-
Gil under date of Aug. 18th.
The "Norual School Fund" under resolve
passed Feb 10, 1876, has been drawn from the
State Treasury and the account with that fund
closed.
The "Pa,samaquoddy Indian Fund" has been
reduced by the payment of 81 4S6.l7 to Joseph
Changer, E.q, as provided in resolve February q.
1876.
"Permare7t School Fund" has been increased
and now amounts to the sum of 1923 SOB IS.
LANDS reserved for public use" This fund has
been reduced by payments from the State Treas
ury under chapter ,. section l6, of the revised
statutes.
The sinking fluid has been increased in the man
ner proylG by law.
Except these change. and those reported in
1870, trust funds held by the stare the same as
DIT scrhed in the 1ioa,urcI's report for 1874
The Tita,Ulcr- eport closes Mi,h the following
words
ain dechliug re election TO the tlice OF State
Treasurer, desire 10 tender my profound thanks
to the representatives of the people Tor their
hdence in thrice eloctIug me to the honorable and
responsible position now hold.
During the three years have occupied the of
fee, have sought to perform its duties with dill
igence and fidelity, and with purpose solely de-
voted 10 the best interest of the State. trust my
efforts have been successful and that my admins
traton of the affairs OF this department will be sat
isfsctory to the people,
Meteorological.
December has been month of steady cold,