Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-02-11
COMMITTEE REPORT
Upon Excellent Manner in Which State
Finances Have Been Managed.
State of Maine, State House,

Augusta, req. y, 1000.
To His Excellency, the Governor, and the
Executive Council of the State Of
Maine
The undersigned, your committee ap-
pointed under authority of Section II,
Chapter of the Revised Statutes, to ex-
anime the accounts of the Treasurer of
state for the year ending December 81,
1894, would respectfully report that they
have carefully examined said accounts
and find the same to correspond with the
amounts as stated in his report A cor
rect voucher was on file for each disburse-
ment. All books, records and accounts
of the department.. have been neatly and
Systematically kept
The amount of cash on hand at the
commencement of the fiscal year, Jan. |,
1894, was 1885, 1864.
The receipts from various sources for
the year 1894, were 81, $50, 97237, making
a total of $1,9S6, $50 OF. The expendl-
lures for the year have been 81, 52S, 1913. 10,
leaving a balance of cash on hand at the
close of the fiscal year December III, 1894,
of $ibS, So.
The bonded indebtedness of the State,
.January 1, 1885, was 50, 403, 600, all bear
ing three per cent interest, except Son.
600 of bonds issued to Maine Insane Hos
pital under the provisions of Chapter ~,
Resolves of 1887, at four per cent ana
500. 600 of bonds issued to Agricultural
College under the provisions OF ChapOer
105. Resolves of 1887, at four per ceht,
and Sl1S, 300 of bonds issued to Agrlcui.
tural College under the provisions OIL
Chapter a26 Resolves of 1889. at nVe per
cent, and 800 of bonds due since OCTOBER
/, 1889, and not presented Tor payment
which bears no interest.
The aggregate of State boDds bearing
three pcr cent interest is S2,i3i,ooo'
No temporary loan exists.
During the past year, there has been
mid by the State, $50, 900 on the bonded
Indebtedness. and 500, 900 balance in full
Of the temporary loan.
In tho retirement of General Bcal, by
constitutional limitation, the state loses
n most valuable officer and he may well
be proud of his record during the SIX
wears of his official life as State treasurer.
The committee, January 30th, 1870,
destroyed by burning in the presence Oh
the then State Treasurer General Beai,
all registered bonds, received and can
celled by him during the year 1874, ana
for which new registered bonds were
issued, amounting to the sum OF Sl24, W..
And in accordance with Section 10.
Chnpter 30S of the Public Laws OF 1889,
thoy have destroyed in like manner all
State of Maine bonds and notes redeemed
during the year 1894 by the State'
amounting to the sum of $780, 600. They
have also destroyed in like manner, one
colpon redeemed by said State, amount
ing to SD. A., ,,,,,
Orr certificate, showing the nuinocl
and amount of each and every bond cou
non and note destroyed, is on lie IN th'
Office Of the treasurer. ~.
We have verified all trust deposits, q hs'
of which appears in the treasurer,s re
port. o,,
The committee desire to express then
thanks to General George l.. Beal anu th'
efficient clerks of the treasurer ONCE
Charles b. Caldwell, Lyman ;. fogiel
and Daniel W. Emery, for affordins u
every facility necessary to the dischare'
of our duty.
Respectfully submitted, L. =. Downes
Edward T.. Chase, Horace 9. Little, >. r
Brackett, Roswell 5. Partridge Com
mittce.
State of Maine, Kennebec s..
Augusta, February >, 1870.
Subscribed and sworn to before me-
ABEL D. RUSSELL.
Justice of the Peace
Legislative Notes.
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