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Ocm39986872-1844-HB-0002.Pdf HOUSE. 1 AN ACCOUNT OF THE STATE OF THE TREASURY OF THE COMMONWEALTH OF MASSACHUSETTS. JANUARY 1, 1844. 33 0 a t 0 11 DUTTON AND WENTWORTH, STATE PRINTERS 1844. ftommontotnlti) of JHasaartjttßmjs. Treasury Office, January 4th, 1844. To the Honorable Senate and House of Representatives : The Treasurer herewith respectfully transmits to the Legis- lature a statement of the receipts and expenditures during the year 1843, and the condition of the treasury and the several funds in which the Commonwealth is interested, on the first day of January current. The receipts from the ordinary sources of revenue, during the year, amounted to $378,247 13, exclusive of $3,177 43 re- ceived from the United States; and the ordinary expenditures, for the same time, were $370,364 58. Balance in the treas- ury, including $153,177 43 received from the United States, $159,748 67. The principal of the Western Rail-road Sinking Fund, to re- deem scrip issued in British currency, page 10, is $186,637 40. Fund for the payment of the Commonwealth’s subscription to the stock of the Western Rail-road Corporation, page 10, $84,615 92, School Fund, page 9, $563,695 63 Charles River and Warren Bridge Fund, page 10, $25,670 31. School Fund for Indians, page 10, $2,500. Under the authority of the first section of the Act of the last session of the Legislature, “ authorizing the Treasurer to re- ceive the money to be paid to Massachusetts, under the provi- sions of Treaty of Washington,” the Treasurer received the 4 TREASURER’S ACCOUNTS. [Jan. sum of one hundred and fifty thousand dollars, and deposited the same in the City Bank. By the second section of the same Act, the Treasurer was “directed to appropriate the money, when received, according to standing laws.” On an examination of the laws relating to the proceeds of the sales of public lands, the Treasurer came to the conclusion that the money received under the provisions of the Treaty of Washington, was to be appropriated in moieties to “ the Fund for the encouragement of Common Schools,” and to the “Sink- ing Fund for the future purchase or final redemption of the scrip issued to pay the Commonwealth’s subscription to the stock of the Western Rail-road Corporation.” The reasons for this opinion are briefly stated in a communication to the Gov- ernor and Council, a copy of which, marked M, is appended to this report. As the Governor and Council did not concur in that opinion, the money could not be legally invested in loans or scrip, and it now remains in the treasury, subject to the order of the Leg- islature. At the time the money was received, the treasury was owing $50,000, borrowed of the Suffolk Bank, under the resolve of March 2d, 1843, Chap. 5. As no interest was to be paid on the deposit of the $150,000, the Treasurer had no hesitation in paying from that fund the note to the Suffolk Bank, and to avoid borrowing from “banks or individuals” afterwards, drew from that fund, as the exigencies of the treasury required, to the amount of $93,213 11, in the whole. On the receipt of the bank tax, in October, the money was replaced, but no credit has been given to that fund for the interest saved to the treas- ury by the operation. As the transaction just recited has been made a subject of public animadversion, it may be proper to state that the Treas- urer acted upon his own responsibility, without asking or re- ceiving advice or direction from the Governor and Council, or any other person. The Treasurer has also received $3,177 43, due to the State of Massachusetts, under the provisions of an Act of Congress 1844.] HOUSE—No. 2. 5 of September 4th. 1841, for her share of the balance of the pro- ceeds of the sales of the public lands, from the first of July to the 29th of August, 1842. That sum is now on deposit in the City Bank, agreeably to the directions of the Act of 1842, Chapter 85. All of which is respectfully submitted. JOHN MILLS, Treasurer. 6 TREASURER’S ACCOUNTS. [Jan. STATEMENT OF RECEIPTS For the year ending Dec. 31, 1843 Amount received o Cash on hand, January 1, 1843, Auction Tax, - Bank Probate Attorney of Comm’th for Suffolk County, Alien passengers, Interest on deposites in City Bank, Lands in Maine, for one half the amount received on account of sales prior to April April 15, 1837, - Legislature, for am’t over-allowed on Senate Roll, 1843, to Messrs. Eliot, Hammond, Perkins and Spurr, and returned by them, Miscellaneous, - Rolls of accounts overpaid to, and returned by, Gillam B. Wheeler, - Sales of Public Lands, for balance due as per act of Congress, passed Sept. 4, 1841, 3,177 43 Martha Johonnot’s annuities, 2,257 14 Total amount of ordinary receipts, Temporary Loans of Suffolk and Globe Banks, per Resolve of March 2, 1843, Treaty of Washington, amount received from the Treasurer of the United States, (see Resolve of March 24, 1843,) Five Per Cent. State Stock of 1842, sold, as per Act of March 3d, 1842, Cash on hand January 1, 1843, on account of Massachusetts School and other Funds, Amount received during the year on the above funds, .... Total Receipts for the year 1843, 929,753 37 1844.J HOUSE—JNo. 2. 7 STATEMENT OF EXPENDITURES For the year ending Dec. 31, 1843. 6 Amount expended on account of dule nS e * Amo - Councillors, - - - - - 3,609 00 Legislature, - - - E. 22 70,159 50 Salaries, - - - - - D. 19 61,862 10 Adjutant and Quarter Master Gen. Dept. - 3,000 00 Bank Commissioners, - - ... 9,721 60 Fuel, &c. for State House, - ... 1,800 00 Repairs of ditto, - - ... 1,029 58 - - - Library, - ... 300 00 - - - State Printing, ... 7,777 19 State Map and Surveys, - - ... 229 93 Term Reports, - - - ... 1,947 50 County Treasurers for balances of their ac- counts, F. 22 29,801 38 Rolls of Accounts, paupers, &c. - - G. 23 67,652 03 Miscellanies, - - - - H. 23 8,273 25 - - Interest on temporary Loans, - I - 947 91 Five Per Cent. Stock of 1839, , - - 240 00 1842, I - - 7,728 65 - Western Rail-road Scrip, - - 99,200 00 Loans, - j - - 17,562 43 Agricultural Societies, - - -| K. 30 4,060 00 - American Institute of Instruction, I - - 600 00 Asylum for the Blind, - - ... 9,772 45 Deaf and Dumb, - ... 2,967 26 - - - Bounty on Silk, ... 1,798 67 - on Wheat, - ... 15 23 Eye and Ear Infirmary, - - ... 2,000 00 Militia Services,. - - - I. 2828 27,995 25 - Pensioners, &c. - - L. 30 1,493 67 School Teachers, - - - ... 2,000 00 - - Martha Johonnot’s annuities, - - 2,520 00 '0,364 58 Cash on hand, January 1, 1844, (ordinary revenue,) .... 9,748 67 Total on account of ordinary revenue for year 1843, - - 380,113 25 Five per Cent. Stock of 1839, redeemed, ... - - 7,649 00 “ “ “ “ - 1842, - - - - 42,964 00 Temporary Loans repaid Suffolk and Globe Banks, - - - - - 150,000 00 Massachusetts School and other Funds, - 144,609 94 Cash on hand on account of said funds, Jan- uary 1, 1844 8 54,417 18 199,027 12 Cash on hand on acc’t of Treaty of Wash- ington, ----- 150,000 00 929,75 * 37 Treasury Office, Boston, January 4th, 1844- JOHN MILLS, Treasurer , Ft 'S, u \e eaf e\ g 00 ha 84 12,400 24 11,295 00 2,781 58 66 400 32 13 34 pi 34 12,093 53 17,799 54 6,535 33 m 12,277 25 12,277 25 > 137 50 137 50 Ui 7,461 24 5,007 67 12,468 91 a 23,809 15 23,809 15 Pi 3,504 66 22,544 86 26,049 52 H 7,969 60 12,495 99 20,465 59 Pi 143 75 143 75 co 1,425 00 5,000 00 4,950 00 1,475 00 !> 675 00 25.000 00 25.100 00 575 00 a 2,500 00 2,500 00 a 10,250 20.000 00 20.100 00 10,150 34 o c! 45,760 53,266 .4 ,609 54,417 S 5 94 .8 *3 CO r—i P 3 1844.] HOUSE—No. 2. 9 Notes, Stocks, Sfc., belonging to the Commonwealth and its vari- ous funds, January 1, 1844. Common Stock. Notes for lands in Maine, sold prior to April 15, 1837, one-half as per Revised Statutes, . $45,763 73 Certificate of 10 shares in South Boston Associ- ation, taken as collateral security for an old land note, value unknown; one-half as above. Certificate of 30 shares in Gloucester Canal Cor- poration, considered of no value, cost . 1,500 Balance on note received for sale of Pine Island. in Roxbury, ....... 2,800 Certificate of 10,000 shares Western Rail-road stock, cost ....... 1,000,000 Cash on hand, 9,748 67 Total amount belonging to ordinary revenue, . $1,059,812 40 Massachusetts School Fund. Notes for lands in Maine sold prior to April 15, 1837, one-half, as per Revised Statutes, . 45,763 73 Notes for lands in Maine sold since April 15, 1P37, one-half as per act of that date, . 44,150 32 Certificate of ten shares in South Boston Asso- ciation, value unknown ; received as collat- eral, one-half. Notes of certain banks in Boston, . 281,000 Boston and Portland Rail-road Scrip, . 50,000 Eastern “ “ . 20,000 “ Western “ . 120,000 Cash on hand, 2,781 58 2 10 TREASURER’S ACCOUNTS. [Jan. School Fund for Indians.
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