Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1886-01-27
CERTIFICATE OF COMMITTEE.
STATE OF MAINE.
TREAsURER's OFFICE,
ArcrsT> January oSth 1SS


AUGUSTA, January 25th, 1886
To the Honorable Gorernor and Ereeutire
Council:
The committee appointed bv the Governor
and Council. under authority Of section II,
| chapter >, Revised Statutes, to examine the
accounts of the State Treasurer. as embodied
in his annual report for the year ending
! December 3lst, 1882 have carefully exam
ined the books in the office of the State
Treasurer and found them correctly cast and
properly vouched.
His statement and account of receipts and
expenditures of the public money for said
year, stated in his report, were found to
/ be correct.
The amount of cash on hand at the close
of the wear three hundred eighteen thou
sand five hundred sixteen and tifty-twO hun
dredths dollars (S3lS, 5l6.52;) of this sum,
three hundred twelve thousand five hundred
! ninety-six and sixteen hundredths dollars
| 1912 ,596. l6) was on deposit in sound and
reliable banks. within the State, and in the
Suffolk National Bank, Boston, aud five thou
sand nine hundred twenty and thirty-siX hun
dredths dollars s., 920.36) in the safe in the
office of the Treasurer. The State receives
interest on its deposits in banks out of the
State; the revenue from that source last year
amounted to eighteen hundred tortv-siX and
| ninety seven nunurPutns uOllarS Sl.ofb ~.
The committee, in compliance with law,
DESTROYED by burning, in the presence of the
Treasurer, all coupons paid by the State
Treasurer, on account of the public debt
during the year 1885, amounting to the sum
of on. hundred sixty thousand eight hun
dred and ten dollars (Sl60,Sl0) as charged
on his books, exclusive of one hundred fifty
six thousand two hundred and fifty dollars
| (Sl56, 250) interest paid on registered bonds,
vouchers for which were on file in his office.
The committee also destroyed, bv burning
in the presence of the State Treasurer, the
bonds of the State paid during the year.
amounting to the sum of torty-eight thousand
dollars $4,000 certificate of their de
structon and the number of each bond de-
stroyed was filed with the State Treasurer in
compliance with law.
The committee also DESTROYED in like
manner all bonds and coupons thereto at
tached that were converted into registered
bonds by the State Treasurer during the year,
amounting to the sum of forty-eight thousand
dollars (S4S ,000), together with registered
bonds received by the State Treasurer for re-
issue, amounting to the sum of sixty-two
thousand dollars. Registered and coupon
bonds amounting to eighteen thousand dol
lars received and cancelled bv the Treasurer
of State in November and December, 1884 ,
and new registered bonds issued therefor,
were also DESTROYED by burning. in the pres
ence of the Treasurer, for 1885. and q record
made in the Treasurer's Office of their de-
struction.
The sinking fund account which is repre-
sented on the books of the office as amount
ing to one million nine hundred sixty thous-
and two hundred seventy-elght and forty-One
hundredths dollars 81 900. 27S4D, was
found correct. The securities in which the
sinking fund is invested, were examined and
found to agree with the Treasures statement
of that fund
The Committee find trust funds in the
hands of the State Treasurer, deposited by
the Union Mutual Life Insurance Compa-
ny" As required by chapter 40, section 81,
Revised Statutes, tor the benefit of all policy
holders in said company, amounting to the
sum of one hundred thousand dollars $780,
00.00), and the same is invested in United
States registered bonds.
They also find in charge of the State
Treasurer trust funds held for the benefit of
the agricultural College" amounting to the
sum of one hundred eighteen thousand three
hundred dollars Ills, 800, 00), invested in
State of Maine bonds
There is also on deposit with the State
Treasurer five thousand seven hundred dol
lars (S5,700 CO., cash placed there during
the year by the ''Maine Benefit Association
for the protection of its certificate holders. as
provided in section 6, chapter 504, laws of
1885
The books in the Treasury Department are
properly kept, and all papers and vouchers
pertaining to the business of the Office were
properly filed and numbered. The Treasur-
er has been, the past year. very successful in
his efforts in the collection and settlement of
taxes assessed by the State upon corporations
which have, for several years, neglected or
refused Is pay the tax assessed against them
by the Governor and Council.
In the discharge of their official duties the