The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1890-02-01

AUGUSTA, January 31.-The committee
having in charge the examination of State
Treasurer Beal's accounts, have completed
their labors and report as follows:
STATE OF MAINE,
TREAsURER's OFFICE,
AUGUSTA, January 81, 1890. }
To, the Honorable Governor and Executive
Council:
The committee appointed by the Governor
and Council, under the authority Of chap. II.
| sec. 2, Revised Statutes, to examine the ac-
| counts OF the State Treasurer, as embodied
| In his annual report for the year ending De-
cember 3ist 1889. have, in the discharge Of
| their official duties. made careful examina-
| tion of the books and apers in the office Of
| the State Treasurer, and find them correctly
cast and vouchers on file for every item
charged in his account.
The Treasurer's statement and account Of
receipts and expenditures for said year. as
stated IN his report, were found to be cor
rect. The books of the Office are properly
kept, and all vouchers pertaining to the bus.
iness Of the department neatly filed and
numbered, In accordance with the excellent
system adopted in that department years ago
The systematic and plain manner in which
accounts are kept with the several cities,
towns and plantations on the books Of the
office, greatly aided the committee in their
work Of investigation. The former high
| standard of the management of the treasury
| department has been fully maintained, and
the committee feel that much credit Is due
| the efficient State Treasurer for the skillful
| and successful manner In which he has man.
| aged the financial affairs Of the state the
| past year; and the state is to be congratu-
| lated upon its strong financial standing, as
eyinced by the sale of It's three per cent
bonds In New York markets at premium
of over three per cent on their face value. A
record SO gratifying to every citizen of the
state, deserves, at our hands, recognition in
this report.
The amount of cash on hand at the close
of the year 1889. was So, 2,67S41 of this sum
Sic, SOS. GA in currency land checks was in the
was on deposit in banks within the State
and In Suffolk National Bank. Boston. The
last named bank allows interest to the State
on its deposits, which amounted during the
year to $5,30890. The bonded Indebtedness
Of the State. on January /, 1889. as appears
by the treasurer's report, was $3967,90O, all
maturing during the year, and the same was
paid in the manner provided by the refund
Is, 1859-save S96,500 which had net been
presented for payment. The present bonded
debt of the State, ,as represented in the treas
urer's report, is 50, 1000; in this amount is
included $96, 500 old issue still outstanding.
and which will be paid when presented from
the current funds in the treasury.
AS required by law the committee destroy
ed by burning in the presence Of the State
Treasurer, all State Of Maine bonds redeem
ed during the year, amounting to the sum of
1851 400; a record of the same and the
number and amount of each bond is on file
in the treaSuIer'S Office.
The securities in the sinking fund of 1869,
In charge Of the State Treasurer. amounting,
their par value, were disposed of in the man
ner provided ty law and the proceeds Of
their sale, including the premium received,
VIZ: S2399O47D applied towards the pay
ment of the State debt dne October /. 1889.
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 1889. amounting to the sum
S101, LOG, as charged ON his books, exclusive
OF 27,S76.50 interest paid on registered
\ bonds, vouchers for which were on file in his
Office. The committee also destroyed in
Ike manner, all registered bonds received
bythe State Treasurer during the year, for
reissue amounting to S2s4, ,0c0
Tie committee find In the hands of the
State Treasurer, placed there In conformity
with law, trust funds, amounting to the sum
of S1S3, ,SSs 81 deposited by the several as
sociations hereafteE named, ior the benefit t
Of their certificate h53rrdaeeTs: The
securities and cash of each associates. :"
deposit, were examined and found to agree
in character and amount, as shown by the
State Treasurer in his report. The deposits
are as follows:
Union Mutual Life insurance Com
pany, Portland. .................... S1OooOO.OO
Maine Benefit Association, Auburn. 52.O31 so
Pr0vdent Aid Society, POrtland.... 19,843 90
ciation, Portland. .................. - - 100000
Maine Mutual Accident Association,
Lewiston ...:.................... 4a5oo
Maine and New Brunswick Insur-
ance Company, Bangor. 9,17S.99
Golden Rule Relief Association,
fOrtland....... .................... 343.75
The committee in the discharge of their
official work acknowledge valuable aid from
the State Treasurer and from his competent
clerks Respectfully submitted.
S. G. HATCH,
A. r. BIxBY,
THOS. w. PORTER