Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1885-01-23
STATE FINANCES.
Report of the Commission to E1 amine the
Treasurer's Accounts.
STATE OF MAINE.
TREAsURER's OFFICE,
AUGUSTA. Jan. %, 1885.

STATE OF MAINE.
TREAsuRERs OFFICE,
AUGUSTA. Jan. %, 1885.
To the Hon. Gorernor and Council:
The committee appointed BY the Governor
and Coun Ill, under authority OF sec. II chap.
9 of the revised statutes, to examine the ac-
counts of the State Treasurer. as embodied
in his annual report for the year ending Dec.
81, 1884, have carefully examined the books
in the office of the State Treasurer, and
found them correctly cast and properly
vouched. His statement and account of re-
ceipts and expenditures of the public money
for said wear, as stated in his report, were
found to be correct.
The amount of cash on hand at the close
of the year was 1872 3l9.4l. Of this sum
Sl78,O7I.75 was on deposit in sound and re-
liable banks, within the State and in the
Suffolk National Bank, Boston. The State
receives interest on its deposits in banks out
of the State. The revenue from that source
last year amounted to 81 ,254.00.
The committee, in compliance with law
destroyed. by burning. all coupons paid by
the State Treasurer, on account of the public
debt, during the year 1884, amounting to the
sum of Sl66, 2S7 80. as charged on his books,
exclusive of Sl49, 9l6, interest paid on regis
tered bonds vouchers for which were on file
in his Office.
The committee also destroyed. by burning,
in the presence of the Treasurer, the bonds
of the State paid and those received for re-
issue during the wear, amounting to the sum
of S464 900. OF that amount S5l 900 was
the renewal of the war loan, and due August
Is. 1884; and Sab, 200 we're coupon and reg
istered bonds received by the Treasurer for
transfer and reissue; a certificate of their
destruction and the number of each bond
DESTROYED was filed with the State Treasurer
in compliance with law.
The sinking fund account, which il repre-
scented on the books of the offi,e as amounting
TO 81. s26 POO. was found correct. The Sc
curities in which the sinking tuad is invested
were examined and found to agree with the
Treasurer's statement of that fund.
The committee find trust funds in the hands
of the State Treasurer deposited by the
Union Mutual Life Insurance Company, as
reouired bv chap. 49, sec 81 of the revised
statutes. for the benefit of all policy holders
in said company, amounting to the sum OF
one hundred thousand dollars 100000 co.
and the same is invested in United States
/ registered bonds. They also find in charge
of the State Treasurer trust funds held for
rho benefit of the Agricultural College,
amounting 70 the sum of one hundred eigh-
teen thousand three hundred dollars (Slls,-
400 Oo) invested in State of Maine bonds.
The books of the department are neatly
and accurately kept, and the papers and
vouchers pertaining to the business of the
office were properly filed and numbered.
In their examination the committee re-
ceived valuable aid from the efficient State
Treasurer and his assistants which is CRATE
fully acknowledged.
W. W. BOLSTER,
c. G. CORNISH.
RuFUs PRINCE,
J. L HoDsDoS,
F. W. RIrcHIE.
Kennebec SIS. Jan. %, 1885.
Sworn and subscribed to. before me,
S J. CHADBoURNE,
Justice of the Peace.