The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1888-01-25
State Finances.

1 III NOiHiiillttt appointed W tAaiiiHc
the yearly account of the State treasurer
makes the following report;
The amount of cash on hand at the
close of the year was 1912, 2SS03. Of
this sum S305, 43l "a was on deposit in
sound and reliable banks within the State
and in the Suffolk National Bank, of Bos-
ton, and ST, 5000 in the safe of the
Office of the treasurer. The State receiv-
ed interest on its deposits in the banks
out of the State, the revenue from that
source last year amounting to 81 $50. So.
All coupons paid by the State treasurer
on account of the public debt during the
year 1887 amounts to the sum of Sl45,-
5l2, exclusive of S95 ,040, interest paid on
regi ,tered bonds. All bonds and coupons
converted into registered bonds by the
State treasurer during the year amount to
SAG ,000 together with the registered
bonds received for reissue, amounting to
$50 900 The sinking fund accounts, as
represented on the State treasurer's books
January LIST 1887, amounted to S2,ll0,-
390.57 All State of Maine bonds held as
investment by the sinking funds amount
ed to 81, 1872 900. State of Maine bonds
purchased during the year 1887 amount
ed TO $50 900. Securities outside of the
State remaining in the sinking fund
amount to the sum of $949, 66064. Trust
funds deposited by the Union Mutual
Life insurance combany for the benefit
of all policy holders in said company,
amount to the sum of 100000 Trust
funds held for the benefit of the Agricul-
tural college amount to Sll8, 300. The
Maine Benefit association has deposited
with the State treasurer S26, 1921; the
Dr. ntoti ha
Maine Mutual Accident Association, S2,-
600; and the Dirigo Mutual Accident As
ISOLATION, $135.
All papers and vouchers pertaining to
the business of the office were properly
filed and numbered and found correct.
The committee in the discharge of
their official work, acknowledge valuable
aid from the State treasurer, and from
his competent clerks.
The annual report of State Treasurer
Burleigh for the year ending Dec. 3lst
1887, has been printed, and from it the
following abstract is made
Receipts. Cash in the treasury Jan,
lst, 1887, 1918, S5l.45; total receipts for
the year 1887, 81 ,l6l, 980,SS; total 81
4S0 1922
Expenditures, Total expenditures for
the year 1887, Sl.lGS, 54430 cash in the
treasury, Dec. 3lst, 1887, 1912 ,2SS 03 to-
tai, 81, 4S0, S32.33.
Among the important receipts for 1887
are the following: BY cash balance from
1856, S3lS, S5l As amount received from
State tax SOB, 1917, amount received
on railroads, Ss9,975.95; telegraph COM
panies, $5,S25 telephone companies, 81,
S75: express companies, $30l.41; lnsur-
ance companies, $l7 ,294 10; savings bank
tax, $3.50, 429 SO; amount received from
Insurance Commissioner S4,756.
Among the leading expenditures are the
following Interest on public debt, S240,-
552. 7G; pay roll of Legislature and Coun-
Gil SAL 800; salary of public officers, $50,
05G.15; school fund and mill tax, S34S,-
S77; Normal Schools, 1923 ,96G.67; Reform
School, Sl7 800; free high schools, S27,-
1873, Is; printing, Sl6,9l7.GS; binding and
stitching, 81 ,500 insane State beniticar-
les, SIS ,023.0 "a; Maine General Hospital,
$3.50; Maine Industrial School for Girls
Sc 900: deaf, dumb and blind, Sl4 ,097 .23
Bath Military and Naval Orphan Asylum,
81 800; support of paupers in unincorpo-
rated places. SS,9Sl lG; Maine State Ag-
ricultural College, $40, $50; Maine fertil-
izer control and agricultural experiment
station, 81 ,06S.76; contagious diseases of
cattle, s., G9G.30; military purposes, ST.
l06.50; Soldiers pensions, S23, 6S5.42
Penobscot Indians, SIP ,3G4; Passama-
quoddy Indians, $5,976.G2; protection
and propagation of fish and game, So
425,3G; railroad and telegraph tax due
towns, S22 ,2S2.7j; board of health, 81,
100 "a; uniforming Maine Volunteer Mil
tia, 81 ,jSi 10 Insane Hospital, S25 900,
Maine Eye and Eye Infrmary, $1,000.
The Treasurer estimates the receipts
for the ensuing lyear including S3l2, 1888
cash in treasury, at Sl,3G2, 325; and the
expenditures at 81, l49, Jos.
The net reduction of the State debt
was but S37,270 In 1856 it was $209, l12
The rate of taxation for 1887 and 1888
was two and three-quarters mills on the
dollar, reduction of one mill, but not
withstanding this the temporary loan au-
thoriZed has not been required.
W. l.. DOUGLAS IN ENGLAND.-The London
Boot and Shoe Trades Journal contains the fol-