The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1901-01-17

single exception, exceeded the receipts
ana for this six years, the total 'sxpsndi-
lures have exceeded the receipts by $500.
| 3l6 81. In calling attention TO the condi-
| ton of the financial affairs of the STATE
| in 1898. l raid In my report for that year
"The condition of the treasury plainly
| indicates that II the appropriations Tor
the next two years shall equal In amount
the appropriations made for the past two
years, 1t will BIS necessary for the lsglsia-
| ture In order to save the State treasurer
| from en- nnTrlssment in the management
of this financial affairs OF the Stale, to
provide additional revenue from other
sources, or to increase the rate of taxa
tion." This statement Is applicable to
the financial situation of the State at the
present time. II the current expenses OF
| the State are to be met and the outstand-
ing loans liquldated, thu legislature must
provide additional revenue from some
source.
TRUST DEPOSITS.
kThe Maine Benefit Life. Association of
Auburn, Maine, passed into the hands OF
receivers on April u, 1890, the decree of
| the court appointing Hon. Fremont T.
lin berlake OF PHILLIPS and Hon Seth NJ
Carter OF Auburn as receivers, and au-
thorizinR them to receive the funds on
deposit In this office for the benefit and
protection OF the policy holders.
Under this oruer, i delivered TO said
receivers on june 8, 1900, the following
described coupon bonds:
Bath Gas ana Electrio Company, $1,000 %
CITY of Houstol, Texas, 5,OOJ.OO
many. 5000 90
Maine Central Railroad Company. 800 JJ
Maine Central ard European and
North American hallway Com
pany, $40 ~
City OF Auburn, Maine, $500. o.
pany, 5,OO0,OO
Bangor 81 Aroostook Railroad
Company, 1900 90
psny. O,Ooo. 90
TIC Hsilway Company, 10000 Gu
Par value, S63 900 %
Coupons maturing May lat and June
LIST, amounting TO S5C0 90, and interest
due June list on State of Maine regis
tered bond, amounting to $40 10, were
also turned over to said receivers on same
date.
on June 50. 1900, delivered to said re-
ceiyers the balances of the securities re-
manning in my hands, consisting Of
State of Name registered bonds, 5000. DO
County Of Aroostook coupon
bonds. o,UJO w
Maine 81 New Hampshire Granite
Com Dauy COUPON DOuusS osooo'"O
Superior Rapid Transit Railway
Company, coupon bonds, 5000 OO
Hereford hallway Company cou'
Territory Of Arizona coupon
bonds, lO,O99, 90
Lewiston & Auburn Electric
Light Company coupon bonds, 1900 90
Par value. $40, 002. CO
making the total par value OF the bonds
delivered, Sl03, SD %, which is the
amount shown to be on hand to the
credit OF this company. by my last report.
CONCLUSION.
NV relations with this depart ment will
500 terminate, and in closing my six
years inoum bency, the constitutional
limit, desire to express to you, Gov
erpor and the Executive Council, to the
heads of the various departments and all
others commented with the State govern
ment, my cordial thanks for the uniform
courtesy and kindness which has ever
bean shown me ia all relations-personal
and official.
My thanks are especially due to Charles
B. Caldwell, chief clerk; Daniel W.
Emery and Melvin w. Wiswell, clerks,
who havs served In this department so
faithfully and efficiently. Theic hearty
cooperation has always been oheeriuhy
given in the administration OF the office
and II gives me pleasure to TESTIFY TO
their Ell cheney, faithfuIness and fidelity.
Very respectfully yours,
+. ii. SIMPSON,