Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1888-01-21
Report OF Examining Committee.
TREAsCRER's OFFICE,


To the Honorable Governor and Exeeuttre
! Connect:
/ The committee appointed by the Governor
and Council under authority of section II.
! chapter 9 Revised Statutes, to examine the
accounts of the State Treasurer as embodied
in his annual report for the year ending De-
cember 81, 1887. 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 receipts and
expenditures of the public money for said
year, as stated in his report, We found TO be
correct.
The amount of cash on hand at the close
of the year was 1912 2ss %; of this sum
| S305 ,43l "a was on deposit in sound and re-
/ liable banks within the State, ant in the Suf-
| folk National Bank, Boston, and SG,S56.69 in
the safe in the office of the Treasurer. The
State receives interest on its deposits in banks
ont of the State The revenue from that
source last year amounted to the sum of ST.
/ 5G0. G3.
| 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 1887, amounting to the sum
I
elusive of S95 0i0 90 interest paid on regis
tered bonds, vouchers for which were on file
! at his office.
The committee also DESTROYED in a like
manner, all bonds and coupons, thereto at
tached, that were converted into registered
bonds by the State Treasurer during the year,
amounting to SIG 10000, together with
registered bonds received by him for re-is-
sue amounting to $50 10000.
The sinking fund account as represented
| on the State Treasurer's books January
! 1887, amounted to S2,llO, 800 81 Chapter
A. sections and 6, Laws of 1887, limits
the operation of the sinking fund, aud re-
quires that all State of Maine bonds held
therein, as an investment. shall be cancelled
by the State Treasurer. and DESTROYED. in the
presence of the committee appointed by the
| Governor and Council to examine the Treas
urer'. accounts for 1887 In compliance
with section of said act. all State of Maine
bonds held az investment by the sinking fund.
amounting to the sum of 81 1862 900 90 were
DESTROYED by burning in the presence of the
Committee record of the number and
amount of each bond DESTROYED i. filed in the
Treasurer's office.
The Committee also DESTROYED in like
manner State of Maine bombs purchased dur
/ inv the year lsS-. amounting to the sum of
| S36 600 90: a record of the same and the
number and amount of each bond is filed in
the Treasurer's office.
The securities outside of the State, remain
ing in the sinking fund. amounting to the
sum of 90 $50 "a. were examined and found
to agree with the Treasurer's statement of
that fund.
The committee find in the hands of the
State Treasurer. trust funds deposited by the
Union Mutual Life Insurance Company. a.
required by chapter 40. section 81. Revised
Statutes. for the benefit of all policy holders
in said COMPANY. amounting to the sum OF
500. 900 90. and the same is invested in
/ United States and city of Portland registered
bonds. They also find in charge of the State
/ Treasurers trust funds held for the benefit of
the Horticultural College" amounting to the
sum of Sis. 300 90, invested in State of
Maine bonds.
The following Associations. IN conformity
to law. have deposited with the State Treas
urer, for the benefit of their certificate