The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-02-12
STATE FINANCES.
Figures From the Annual Report Of
Treasurer simpson.

State Treasurer y. NJ. Simpson has
submitted TO Governor Powers and the
executive council his annual report.
The ercss amount OF receipts from all
sources for the year Just closed was y,
40, 444. 0s, and the amount Of cash on
hand ct the beginning Of the year was
1854. 72s 7s. making . total amount Of
avaiiable cash for the year Of ~ 2 8, 1871.
The disbursements fer the year were ",
Os5, Gas 65. leaving cash balance on
hand at the GLOSS of the year Of 500 5aa.-
16. which amount exceeds the cash bal
ance at the olose of the year 1898 BY s4i..
IDS. AZ.
The tax ass ,ed against oitiea towns
and organized plantations for the year
1898, has tesn paid In full.
After the deduction Of the school fund
and mill tar the net state tax for the
year 1899 paid by cities, 10 $22s, SO;
by town, ellie, s7o 81, and BY Wild LANDS.
s45 ,ss5 10. which makes an average OF
81 50 Is fer citi. S, of 6s 4.5 cents FOR
towns and Of a. 10 for wild lands on
each IL OSO Of valuation ,plsced upon the
property by tho stats asst ssors.
No city receives as much s,hool money
q II pays state tax, while 237 towns and
plan tations, or Al 2-6 rsr cent Of the en-
tire number In the state. receive more
sohcol money than they pay state tar.
In the past year the sum Of $4,000
was paid toward the liquidation OF the
bonded debt and $50, 440 was paid a. inter
est on the same. making tie total sum OF
Si1s, 40 paid on the principal and as in
teress on this debt, In the past year.
On January /, 1900, the bonded debt
of the state was ~. 74s. 200 and at the pres.
snt time 1t Is q, l53, 600 showing q reduc'
ton, in tn, past ten years. OF 1896. 500.
The amount of intsrsst paid on this
debt In that period was s567. $40. There
fore, In the past ten years the aggregate
sum paid as intsres; and toward tn q
liquidation of the bonded debt Of the
state. was u. 863,07o.
A temporary loan of $50. 900. a. shown
by ths Last report Was outstanding on
January L 1899, which became payable
during the year Just olosed. or this
loan 500, 600 fell due March end, and the
balance, $50. 900. became due May 18th.
These loans were at maturity but In or
der to meet them and the current ex-
penses Of the state. It became necessary
TO procure further temporary leans to the
amount of 500, 600, OF which sum, 500,
coo was negotiated March 2, 1892, payable
In one year and the balance 500, 900 was
procured May IL, 1899, on twenty -one
months time. Both loans we're placed
| with the Augusta Saving bank, Augusts,
Me-, and are now outstanding and bear
| ing interest Mt the rate Of two and thre @
| fourths PER cent per annurn and three pei
cent per annum respectively.
The exper SEES Of the recent war will
Spain made IL ns sssary for the last leg
| islatrrs to authorize temporary war loan
to meeSthe obligations caused by thii
extrsnrd inarS demand upon the ftat4
| tr sasury, and az authorized BY chapterI
three and seventy -one Of the resolves Of
| 1899, temper ~ war loans amounting u
$50 600 were negotiated. OF these loans
| SOD. 600 was plaCei with X. h. Gay * Co.
| Boston, Mass January 20, 1899, payable
In one year and bearing interest at two
and three-fourths per poent per Hnnun
and 5000 with TIE Augusta savings
hank, Apgusts, Me, On October ~. 1893
rayable In two yesrs and bearing inter
est at D. rate OF three and thr.e-fourthi
| per OF mt er annuip.