The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-01-27

of the State; the revenue from that source
last year amounted to eighteen hundred
t0rty-slx and ninety-seven hundredths dOF
lars ($1,S46979
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 one hundred sixty thousand eight hun
dred and ten dollars (S160,810) as charged on
his books, exclusive of one hundred fifty-six
thousand two hundred and fifty dollars (S156-
$50 interest paid on registered bonds.
The committee also destroyed, by burning
in the presence of the State Treasurer, the
amounting to the sum of forty-eight thousand
dollars (S4S, ,000) a certificate OF their destruc
tion and the number of each bond destroyed
was filed with the State Treasurer IN COM
pliance with law. -,
The committee also destroyed IN q IKE
manner all bonds and coupons thereto at,
tached that were converted into registered
bonds by the State Treasurer during tne
year. amounting to the sum OF fOrty-elgnG
thousand dollars (S4S, 900, together with reg
istered bonds received by the State Ireasur-
or for reissue, amounting to the sum OF sixty
two thousand dollars. Registered and coupon
bonds amounting to eighteen thousand DOL
lars received and cancelled by the treasurer
OF State in November and December, 1854,
and new registered bonds issued therefor,
WSIC dlSO UtSJIOyeu Dy DuInlUk, LUC pAOo-
ence of the Treasurer, for 1885, and a 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 thou
sand two hundred seventy-eight and forty
one hundredths dollars (S1 ,960, ,27S.n), was
found correct The securities in which the
sinking fund is invested, were examined and
found to agree with the Treasurer's state
ment of that fund.
The committee find trust funds in the
hands of the State Treasurer, deposited by
the Union Mutual Life Insurance Com
pany," as required by chapter 40, section 5I,
Revised Statutes, for the benefit Of all policy
holders in said company, amounting to the
sum of one hundred thousand dollars $780,
000.00) and the same is invested in United
States registered bonds.
They also find in charge of the State Treas
urer trust funds held for the benefit Of the
Agricultural College," amounting TO the
sum of one hundred eighteen thousand three
hundred dollars tS118, 10000, invested in State
of Maine bonds.
There is also on deposit with the State
Treasurer five thousand seven hundred dol
lars (S5, 10000, cash placed there during the
wear by the "Maine Benefit Association"
for the protection of its certificate holders, as
provided in sections, chapter 5O4, laws Of
1885.
The books in the Treasury Department are
properly kept, and all papers and vouchers
pertaing 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 to pay the tax assessed against them
|. by the Governor and Council.
In the discharge of their official duties the
committee received valuable aid from the
State Treasurer and his assistants.
Respectfully submitted.
S. G. HATCH,
RUFUS PRINCE,
JOHN l.. HoDsDoN, Committee.
FRED w. RITCHIE,
HENRY INGALLS,,
KENNEBEC S. s.-Jan. 25, 1886.
Sworn and subscribed to,
Before me,
JOSIAH S. HOBBS,
Justice of the Peace