Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-05

fund, sos. 1888: public fund, SSl0,iu Tor
partial payment. S3.978; Tor receiver in
the Swazey suit North Carolina railroad).
$4,000; for sale per cent. bonds. s2O,-.
G50-total, S8g7. .19S. From the public fund
there was due (most has since been paid
S225, ,sgs. leaving az the true balance due
chat fund in hand $s5,2o2. The State
Board of Education has North Carolina
per cent. bonds Told investmenD. S99. .250:
North Carolina bonds. $4,000; and cash
balance in treasury, go, S,5G3-total, S657,-
SlS.
EXPENSE ESTIMATES.
The following are the estimates Of the
expenses Of the State for the two fiscal
wears ending November 80, 1893, and No
executive department. S2e,000; judiciary,
S55, $50; Railway Commission, 5000; agri-
cultural societies, $G,250; Bureau of Im-
migration. $50: Bureau Labor statistics,
81. 100: Capitol Square, $500; Agricultural
and Mechanical College. 1900; convey
ing convicts 10 the peniteutiary, $4,000; ;
rewards for fugitives from justice, $1,000 (;
interest on Der cent State debt. Sl32, ,000;
normal schools, s.. 800; Oxford Orphan
Asylum, $4,000; pensions, SlOO,OOO pub
lie printing (estimatej, 100000; quaran-
tine regulations, y2.400: sherids for set
Ting taxes, 81 100: State Board Of Health.
- 900; State Geological Survey, Sf0,-
600 State Guard. $4,000; State Library,
$500 State University, $4,000; general
contingent account. $4,000; Deaf, Mute.
and Blind Institution, $4,000: North
Carolina Insane Asylum, $50 900, and for
the same, for the hospital and intrmary,
$40, 900: State Hospital, at Morganton,
$50. .0O0, and for the same, special, 5000 !;
Eastern Hospital. at GolbsbOrO'. &33 900,
and for the same. special, $500; Normal
and industrial School for Girls, $1,000 {;
School for White Deaf Mutes. at Morgan
ton, SAC, 900 Soldiers Home. $4,000 +;
Col0red Orphan Asylum. at oxford, $1,000;
Colored Agricultural and Mechanical Col
leee, at Greensboro, S2G00; disabled ire
men. 81. 500; GuilfoTd battle-ground, SlO0-
total, $564,750.
AYNoT WANT AID.
There is no estimate here for the peni-
tentiary, as It is not known whether that
institution will require aid beyonf ats
present balance. If, however. 1T be not
selfsustaining with that balance the esti-
mate for the deficiency VIII nave 10 Dc
added. These estimates are based upon
the reported needs Of tho various objects
mentioned. As a guide 1t may oe stated
that the latest valuations. OF rear ana per
sonal property in the State, as reported by
the Auditor. Is S2i2.4i9s9l, and to tins IA
10 he added the value OF railway property
assessed by the Railway Commission 3d.
72G 7GO making the total of valuation
5000 17G. .557. Each cent on the 500 valCe
will weld, free Of costs of collection, about
S2j,OOO
The estimated revenues arc as follows:
25 cents on each 500 value, less. D per
cent. sheriH's COLLECTIONS for collecting,
s575 slg. rs cents on the 800 on railway
property, &49.3l7; 3 cents on the 500,
less expenses Of collection. and 9 cents on
tho poll for pensions, S93,9js; taxes un-
der schedules i and G, SG9oO0, revenues
from other sources paid direct To lrea-
surer. $4,000; total estimated revenue,
S84, ,Og4: balance at close OF last hscal
year. SS5.2O2; aggregate estimated re-
sources, S9l9,23G.
commute. and settle the State debt, bonds
described in that act were surrendered
amounting TO S11, ,40j.G5 in exchange Tor
S3. .29S, $50 Of new per cent. bonds: There
are vet outstanding OF the old bonds
which would be subject to the scale under
that act, if the latter were now IN force,
amounting TO Sl.22l 800, TO take up winch
would require 1916, $50 Of the per cents,
making the whole possible amount OF 4
per cent debt S3,Gl5,770. The funding
act expired July /, 1892. Treasurer tate
saws ID would be fair 10 extend II Tor u
reasonably limited time. The state owns
as an investment S146,75O of these bonds
and the Board Of Education owns Sl29,25O
The State also owns sl3,75O in per cent.
bonds OF Alexander county.
CONSTRUCTION BONDS.
The per cent. bonds known as North
Carolina railroad construction bonds,
stand at 81 .720. 900. There are $4,000 of
the old issue which cannot be heard from
and which are supposed TO have been lost
or destroyed during the war. The dlvi-
dends on the S3,OOO.OOO of State stock IN
this road are pledged 70 the payment or
tbese bonds aud interest. The dividends
are $4,000 somi.annually. The interest
on the bonds is &Sl 800, semi-annual,
leaving a surplus Of Sl6,80O annually,
which is. under the terms Of settlement in
the Swazey suit, required to be invested
in tire per cent. State bonds. There ID
no other bonded debt.