Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-02-01

TREAsCRERs OFFICE. J
AuGUsrA, JAsuARY Slsr ls90.
To the Honorable Governor asd Exselitr,
C0snei:
The committee sppoiuted by the Gov
ernor and Council under the authority OF
Chap II, Sec. 2, Revised Statutes, to ex
smine the accounts of the State Treasurer,
As embodied in his Annual Report for the
year ending December 3l.t. 1859. have, in
the discharge of their official duties, made
. careful examination of the books and
papers in the office Of the State Treasurer
and find them correctly cast and voucher,
on file for every item charged in his ac
count.
The Treasurer's statement and account
Of receipts and expenditures for said year
ss stated in his report, were found TO be
correct.
The books Of the office are properly
kept and ali vouchers, pertaining to the
business Of the department. neatly fled
and numbered. in accordance With the ex
ce,lent 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 ofice, greatly aided the com
Tittee in tn -ir ~ork of investigation.
The former high standard of the man
agemeDt of the Treasury Department has
been fully maintained; and the committee
feel that much credit Is due the efficient
State Treasurer for the sklllful and sue
cessful manner in which he has managed
the financial Affairs of the State the past
year; and tue State 10 to be congratulated
upon its strong financial standing. as evinced
by the sale Of in three per cent bonds in
New York markets, At a premium of over
three per cent on their face value Are
cord so gratifying to every citz IN Of ,hr
State, deserves, At our hands, recognition
in this report.
The amount Of cash on hand at the close
Of the wear 1889 was s62 6.s Al; OF thi-
sum SIC ,559 "a in currency and check- in
the vault in the rressu.er's office, and S4G,
llo II was on deposit in banks within tn
= ate and in suffolk National Bank. Boston
he last named bank allows interest to ths
State on its deposit., which amounted, dur
ing the year, to IS 30S 80.
The bonded Ind. htedness of the State o..
January /, 1889. as arpaars bv the IRE as
urer's report. was e3, ,967 300 90 ali mstur
- "H''"S '"e dhi thr sbuit Nhs pam
in the manner provided by the refundiny
bill Of the Legislature. approved March 10,
ls59-save S96 500 90 which had not been
presented for psym mt.
rhe present bonded debt Of the State, a,
represented in the Treasurer's report. i. 81 e
748 10000, in this amount 10 inclu ed sgG =
500 90 old issue still outstanding. and which
will be paid, when prese nted, from the cur
rent funds in the treasury.
As required by law the committee de
stroyed by burning. in the presence of the
State Treasurer, all State of Maine bond-
redeemed during the year, amounting to the
sum of 93.s7l 400 90 a record OF the same
and the number aud amount of each bond
10 on file in the rreasurer's office.
The securities in the sinking fund Of 1869
in charge Of the State Treasurer smpnnt-
ing, August |, 1889, to the sum Of S9y5.
169 80, at their par value, were disposed OF
in the manner provided by Law and the pro
ceeds of III 'ir sale. including the premium
received. (viz S239 904 ~ applied toward
the pay ment of the State debt due October
|, 1889
The committee, In compliance with law, ,
Destroyed by burning, in the presence OF
ths Treasurer, all coupons paid by the State
Treasurer, on account of the public debt
during the year 1889, amount ng to the sum
9lOl LOG 90, as Char yed on his hooks, ex
elusive of 9i27, ,s76 so interest paid on reg
Istered bonds vouchers for which we're on
fle in his Office
The committee also destroyed in like
manner. all registered bonds received b,
the State Treasurer during the year. for re
issu. amounting to s2S4, 10000.
The committee find 10 the hands Of the
State Treasurer, placed there in conformir,
with law, Trust Funds, amounting to tn,
sum of Sls3,s32 81, deposited by the sew
ersl associations hereafter named, for the
benefit Of their certificate holders. Tn,
securities and crsh of each a.so :istion Of
deposit, were examined and found to agree
IN character and amount, a. shown by the
State Treasurer in his report. The de
posits are as follows:
rvr'lsnd, eloo,Nom
M-ine B-p.a A'socistioD. A. burn, 3
FRO me Aid 20 ieiy, tsDi. osI31
ro',l nd, 400 oet
Maine Mutual Accident Association.
L ~i-iou, 1870
Main. end New Brun, , lex Insurance Compa y
Bang i 7ss
Golden kuie Relief A.so ia,ion Portland, 3ij :.
The committee in the dischsrge of then
fficial work Acknowledge valuable aid from
the State Treasurer and from his compe.
tent clerks.
Respectfully submitted,
s G. HATcH.
A X BixBY.
GGO N WARPIS. COMMITTEE
JHos w PORTER,