The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-02-03

appropriated under Its provisions Is
81, COS, 100. 3s. The following are some
of the principal items:
School fund and mill tax, e5ls.9SS. le
Free High schools, ~. 600. 60
Twenty one academies, 81 200. On
Normal and training schools, 81 .OO. 90
Salaries of public officers. 81 100
Public debt, 80, 00u. 90
Interest, 81, 0O0.M
War with Spain. 00.O0O. 20
Temporary loan, $50. 10000
Insane state benefoiaries, 6S, 600. 90
Railroad and telegraph tax to be
returned to towns, 6s, 46S 20
Printing, SIS, Co., %
University of Maine. 5000. 90
Militia fund, 80, 95i .62
With the bill is statement which
shows toward what the Legislature is
drifting in Its expenditure Of money. 1t
shows that the expenditures of the state
may very easily exceed the receipts for the
year, leaving the treasury entirely desti-
| tute of cash, AS follows:
First appropriation bill, si,6o6. 1913
Appropriations called for by
existing laws that must be
provided for in the second
appropriation bill, l43 $4,000
Appropriations pending Feb. /, 4aO, BOZ. 50
Total, s., 100, 65l. 81
1t is estimated that the receipts for the
rear will amount 30 g.. 079, 9s3.73. SO that
II all the appropriations asked for are
granted, there will be q deficiency of $50,
us. 10 with M cash on hand on January
1, 1900. In the item of receipts the COM
mittee have included temporary loan OF
$3.50, 600 This Is all the state can borrow
under the provisions Of tho constitution.
1t already has debt Of $4,000 which
must be renewed and $500, COO is the limit
placed on the temporary loans.
Another matter bearing upon the
finances of the state was the report of the
committee appointed to audit the accounts
of the state treasurer. This report was
given out today and is as follows:
State of Main,,
State House.
Augusta. Jan. "a, 1899.
TO His Excellency, the Governor, and the
Executive Council OF the State OF
Maine:
The committee appointed under the
authority OF section n, chapter Of the
Revised Statutes. to examine the accounts
of the treasurer Of state for the year end
ing Decemter 81, 1898. would respectfully
report that they have carefully examined
said accounts and lind the same TO CORE
sp-nd with the amounts as stat d in his
| report.
The amount of cash on hand at the
com menceInent Of the fiscal year, January
| |. 1898, was Sl52. $50 -.
The receipts from various sources for
the year 1898. were 81 S5i, so4.66, making
| "a total of &, 006, 65i.S s..
| The expenditure for the year have been
| 81, S5i 93i.i5, leaving balance in the
treasury on December 81, ie0. of sl64,-
| 723 70
The tonded Indebtedness OF the state
January |. 1895, was s., 1853, 600, as follows;
s 1854 goo, bearing per cent interest,
81 SO, 900. bearing per cent interest; sllS-
| 800 bearing per cent interest and $500.
due October |, 1889, not presented foi
| payment
OF the above bonded indebtedness, $50
600 have been paid during the year 1875,
| leaving the amount of the same at the be-
ginning Of the fiscal year 1899. s., l0S. 0Jo.
temporary loan Of sio0 600 was made
March 2, 1897, which falls due March =
1889 A temporary loan of 500, 900 was
made April /, 1887. for one year, which
was paid maturity. by making another
tempnrssy loan OF 100000, for three
months, which was palu NJ fhhtufity-
| May 18th, 1898. temporary loan oil
| So. coo for one year was made; so that IN
addition to the above bonded indebted
ness of s., 203, coo, there is an outstanding
temporary loan of $3.50. 900 Of which
amount, 500, 600 bears IA per cent in
terest and $50, 600 IA per cent interest.
The committee in the presence of the
state treasurer, +. III. Simpson destroyed,
| by burning, four notes of 325. 600 each.
representing the temporary loan of April
| /. 1897, and one note of 100000, repre-
senting the temporary loan of April l..
| 1885, together with registered bond No.
424 for $1,000; registered bond No. All for
s2s, GOO; registered bond No. 472 for 81 :
900, and coupons to the amo mt OF va,
paid during the last year; and nave
| certified TO the amount OF each OF salu
notes. bonds and coupons destroyed.
| The committee have verified all trnss
deposits list of which appears in the
| treasurer report.
The committee in making the examina-
| ton, received valuable assistance from
the state treasurer and his efficient clerks.
Edward S. Marshall. Charles h. Daggett