Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1884-01-16

The Committee to examine the State Treas
urer's accounts completed their labors yes
terday and have formulated the following
report to the Governor and Council, As to the
result of their work:
To the Governor and Council:
| The committee appointed by the Governor
and Council under authority of chapter 127.
laws of 1883, to examine the accounts of the
State Treasurer. as embodied in his annual
report for the year ending December 3lst,
1888, have carefully examined the books in the
Office of the State Treasurer and found them
correctly cashed and properly voucbed. His
statement and account of receipts and ex-
penditures of the public money for said year
as stated in his report, were found to be
correct.
The amount of cash on hand at
the close of the year was SS7 ,604.-
10. OF this sum s75,023.45 was on
deposit in sound and reliable banks within
the State and in the Suffolk National Bank,
Boston. The State receives interest on its de-
posts in the banks out of the State. The rev.
enue from that source last year amounted to
"a, 944.94.
The committee in compliance with law, de-
stroyed, by burning, all couponds paid by the
State Treasurer on account of the public debt
during the year 1888, amounting to the sum
of 1924 90 as charged on his books exclu-
sive of Sl39 ,020. 90 interest paid on registered
bonds. vouchers for which are on file in
his Office. The committee also destroyed by
burning, in the presence of the treasurer,
their bonds Of the State paid during the year,
amounting to the sum of S434 900; of that
amount 1885,, 900 was the war loan issued
Jan. 81, 1868 and due March l., 1888. A GER
tificate of their destruction and the number
of each bond destroyed was filed with the State
Treasurer in compliance with law. The
committee also destroyed in like manner
all bonds and compounds thereto attached
that were converted into registered bonds by
the State Treasury during the year amount
ing to the sum of s39 900 together with reg
istsred bonds received by the State Treasurer
for reissue, amounting to the sum of 49,
900.
The sinking fund account which is repre-
sented on the books of the Office as amount
ing to 81 ,709, 1892. % was found correct. The
securities on which the sinking fund 10 in
vested were examined and found to agree
with the treasurers statement of that fund.
The committee find trust funds in the hands
of the State Treasurer deposited by the
''Union Mutual Life Insurance Co." as re-
quired by Chap. 40, Sec. 81 of the Revised
Statutes, for the benefit of all policy holders
in said company, amounting to the sum of
100000; and the same is invested in
U. S. registered bonds. They also find
in charge of the State Treasurer, trust funds
held for the benefit of the Agricultural Col
lege, amounting to Sis 10000 invested in
State of Maine bonds. The books the treas
ury department are properly kept and all
papers and vouchers pertaining to the bust
ness of the Office were properly filed and
numbered.
The committee acknowledge with pleasure
their indebtedness to the efficient State
Treasurer and his assistants, for the aid rem
dered them in the discharge of their official
duties. and regret that at the close of Treas
urer Holbrook's official term, December 3lst,
1884, he will not be eligible under the Con-
stitution of the State, to a reelection.
S. G.. HATCH
A. +. CROCKETT.
JOHN ID. HODsoN.
RUFUS PRINCE.
FREDERICK w. RICHIE.