The state journal., 1885-01-10

%, s86, 500 81, making the total pay
ments S7,643,912 30. While the
receipts were thus less than the
expenditures, yet with the cash
balance on hand December /, 1888, from
former years, the Treasurer was enabled
to meet all the current expenses during
the year, and at the same time invest for
the Sinking Fund So, $50, 476 81, and
close the year with balance in the Treas
ury of SO, III, 585 II. The apparent ex-
cess of payments over receipts for the
year Is S1,416 952 90. Of this excess,
however, STA, I'll IL is invested in the
Sinking Fund to secure the payment
being the amount as shown by
the tables paid to the Sinking
Fund in excess of the receipts for the
same. This leaves, therefore, as the
real excess of expenses over receipts
$642, 235 81, the difference between the
general fund payments and receipts
This difference may be accounted for by
a net decrease in the receipts over the
previous fiscal year of 1914 465. sc Of
the gross decrease $547, 1853 80 occurred
in the receipts from the five items of tax
on capital stock of corporations, of gross
receipts, of collateral inheritance tax, OF
retailers licenses and of tavern licenses
The excess of payments over the previ-
Gus fiscal year is due mainly to the extra
session of the Legislature, called for the
purpose of having neglected constitu
tional duty performed. This fruitless SEES
sion cost over five hundred thousand dol
lars, which was taken from the Treasury in
opposition to veto, and for which the
people have received no return, as their
constitutional command, to enforce which
the session was called, is still unobeyed.
The increased payments to charitable and
reformatOry institutions, to public print
ing, to normal and common schools, to
penitentiaiies, and to costs in suits against
delinquent dealers-six items-amounted
to $258, 800 81.
For the fiscal year ending November
80, 1886, the Treasury has made the fol
lowing estimate of receipts aad payments
Receipts
For the General Fund ........... 81, $3.50 u
For the Sinking Fund. ,...... $40 SO "
Total receipts. 50, ll8, 900 q
Payments.
To the General Fund. ,824, go 0,
10 tue olukluS UNI. .ss'.r''.''' lIVooJVO- "
Total payments........ .,.... s., 1852 d
1t thus appears from the estimate of the
Treasurer, that the expenditures of the
| General Fund will exceed the receipts
for that tunu about $3.50, 900. While The
balance with which the Treasurer begins
the year will, of course, prevent d defci
occurring, yet the Legislature should in
making their appropriations scrutinize
them with this probable excess OF ex'
penditures over receipts in view.
The following IS a statement of the
condition Of the public debt
Debt.
| 80 per cent Loans due l9l2..... 81, 1860 0;
| 315 and per cent. Loans of 1881,
due 1885 to 1892 ................. I.87O6OO C
1S77, due 1882. ......,....::....... 3767.soO OK
per cont. Loans OF 1873, due
1S94. ........ neutrality-suspicious.. l,9lI,0OO "
i9l2 ...........................:, B.lOS,SOO q
interest has ceased ..........., l95, 1888 2:
6 per cent. Agricultural bond. 50o,0O0 VI
Total Sl9, Os4 ,2SS Is
Means to Pay Debt Now In SJaISIng Fund
Pennsylvania railroad, due on
public works, not including
interest duo in future........ $780, ,9l3 q
Allegheny Valley, on rs bonds
not including interest due IN
future. Observation-Disclosures. 2,5C0,(09 O(
u. ). per cent.......-............ 100000 e
| b lance In Sinking Fund.-. l,27480l 6: