The Portland daily press., 1884-01-16
NAMES FINANCES.
Report of COMMITTEE 10 Examine the
TReasurer's Accounts
Special to the Press J

AUGUSTA, Jan. 15.-The committee appoint
ed to examine the accounts of the State Treas
urer, completed their labors today. Their re-
port, which will be presented to the Governor
and Council is as follows
To the Gouernor and Council.
The committee appointed by the Governor
and Council, under authority of chap. 127,
laws OF 1883, to examine the accounts of the
State Treasurer, as embodied in his annual re-
port for the year ending Dec. 31st, 1883, have
carefully examined the books in the office of
the State Treasurer, and found them correctly
cast and properly youched. His statement
and account OF receipts and expenditures 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
was $87 .60419. OF this sum, S78. 3.45 were
on deposit in sound and reliable ban within
the State, and in the Suffolk National Bank
of Boston. The State receives interest on its
deposits in the banks out of the State. The
revenue from that source last year amounted
The committee in compliance with law, de-
stroyed, by burning, all coupons paid by the
State Treasurer on account of the public debt
during the year 1888, amounting to the sum Of
S224,l l23.0O as charged on his books exclusive
N $lo9,02O.OO interest paid on registered
bonds vouchers for which are on file, in his Of
ice. The committee also destroyed by burn
ing, in the presence of the treasurer, their
bonds OF the State paid during the year,
amounting to the sum of $434,000 of that
amount $3S6 900 was the war loan issued Jan.
81, 1868, and due March 1, 1883. A certificate
of their destruction and the number of each
bond destroyed was filed with the State Treas
urerin compliance with law. The committee
also destroyed in like manner all bonds and
coupons thereto attached that were con-
verted into registered bonds by the State
Treasurer during the year amounting to the
sum OF $3s, 900 together with registered bonds
received by the State Treasurer for reissue,
amounting to the sum of $4,000.
The sinking fund account which is repre-
sented on the books of the Office as amounting
to $l, ,709, 1928 was found correct. The secur-
tiles on which the sinking fund is invested
were examined and found to agree with the
treasurer's statement of that fund. The COM
mittee find trust funds in the hands of the
State Treasurer deposited by the "Union Mu-
tual Life Insurance Co." as required BY Chan.
eft of all policy holders in said company,
amounting to the sum of $4,000; and the
same is invested in United States registered
bonds. They also find in charge of the State
Treasurer, trust funds held for benefit OF the
Agricultural College, amounting to Sis, 800 90
invested in State of Maine bonds. Tho books
of the treasury department are properly kept
and all papers and vouchers pertaining to tho.
business of the Office were property ftfed 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, aud regret that at the close of Treasurer
Holbrook's official term, December 81, 1884, he
will not be eligible under the Cons titu tion Of
the State, to a reelection.
S. @. HATCH.
A. It. CROCKETT.
= JOHN d. HoDsoN.
RUFUS PRINCE.
FREDERICK w. RICHIE.