Daily Kennebec journal., 1883-01-11
THE oTATE rINANCrs.
The State Treasurer Makes His Anr..,
Report.

L : ANIMAL
Report.
The annual report of the State Treasurer
mas just oeen issued from the press. The
receipts and expenditures of the past wear
have been as follows:
Total receipts for the year 1882. A14sa ,an On
Cash In the Treasury, Jan. /, l662, I4a 40a "a
si.s74.sss 46
Total expenditures for the year 1882 Afooo san o.
Cash In the Treasury, Dec. 30. 1852, 474.704 81
sI,s74,sa5 4o
The sinking fund on the 1st of January
1882 amounted to 81 ,436. 1867 20. During the
year it has been increased BY taxation and
interest on funds invested to 81, ,629, los. .72.
The charges against the fund have amounted
to S57 ,S23.69. The present amount of the
fund is sl,57l, ,lS5 03 invested in Govern
ment bonds and other securities.
| The estimated receipts for the wear 1883
| are 81. .861. 326.87. Estimated expenditures
81, ,70s, ,O47.7l.
The resources of the State are as follows.
Cash IN the Treasury, Jan. /, 1883, s474,7o4 So
Due on State taxes, i.OlI'712 as
Sinking fund, l57i.iE ca
TOTAL $3,0s7 OIL 90
The liabilities Of the State are a. follow. ::
Bonds for war and other loans As 40 ono -
Trust funds held by the State 35lO.3I7 o.
Due on school fund. ETC., 459Oos AZ
Amount due o counties for taxes col
lected in 1882. lI,4s6 ss
Total. es.7so.7ss 81
The total bonded debt of the State after
deducting the sinking fund is S4,l7s,7l5..
The balance due on the loan for bounty to
| soldiers authorized by \ resolve approved
March 26, 1868, now amounting to 1886, 900,
falls due March l, 1883, and provision must
be made for meeting the same at maturity.
The Treasurer suggests that he be author
lied to pay so much of the debt as the funds
in the treasury will permit, and issue bonds
to be invested in the sinking fund for the
balance, payable in the years 1887 and 1888,
at a rate of interest not exceeding four per
cent.
As precautionary measure, the Treasurer
should be authOized at any time during the
year 1888, to procure on the faitl, of the State
temporary loan for so much as may be
needed.
The rate of taxation for the years 1881 and
1882 was four and one-half mills on the
dollar of the new valuation, and if no extra
ordinary apprt priations are made by the
Legislature, the Treasurer suggests that for
| the coming year the tax be reduced one
| ninth, or to four mills.
On the 25th day of March, 1868, the follow
ing resolve was approved by the Governor
Resoired, That the Treasurer of the State
be authorized and directed to receive of
Mahlan ID. Spaulding, of the city of Boston,
a bond of one thousand dollars against the
State of Maine. and he and his successors in
office to safely keep and pay to the legal
agent of school district number two, in the
town of Madison, in this State, the coupon
in trust on said bond. and after that time to
pay to said school agent five per cent interest
on the amount of said bond for all time to
come.
The bond referred to in the foregoing re-
solve falls due March |, 1888, and it will be
necessary for the Legislature to take action
in relation to the matter.
There has been added to the trust fund of
LANDS reserved for public uses" during the
year 1882. the sum of Sl,74S.39, being
amount paid into the treasury by the Land
Agent.
Under date of March 80, 1882, the Govern
for the year 1882, and certified the same to
the State Treasurer. About half the compa
nies have paid these taxes.
The Telegraph and Express companies
have also had taxes assessed upon them. The
Name and Eastern Telegraph and the Amer
American and Sandy River Express
companies have paid their taxes but
the remainder are still due. The
and Portsmouth railroad for the year 1880,
amounting to $4,000 remains unpaid and
is now in suit.
The amount paid for claims due prior to
January /, 1882 is SS2 2,35l.75.