« ПредыдущаяПродолжить »
GOVERNMENTS OF AMERICA FOR 1850.
(For the following statement we are indebted to the N. Y. Tribune :)
*Assumed the Presidency in October, 1849, on the failure to elect one by the Congress. General Elizalde and Don Norva were the candidates. Ascasubi had been elected Vice President, and Roca, the late President, retired.
†The election of a new President is at hand. Vivanco and Echenique, (the latter President of the council,) are the candidates.
Extract from the last message of Governor Johnston.
The consideration of the legislature is respectfully invited to the financial condition of the commonwealth.
The present funded debt is as follows:
Amount of canal, railroad, and motive power debts, contracted prior to Dec. 1, 1848, and unpaid by the appropriations of the last session,
Total indebtedness of commonwealth, Dec., 1849, .
The funded debt on the 1st Dec., 1848, was
Amount of canal, railroad, and motive power debt
Amount of public debt paid during the year 1849, exclusive of the
Amount appropriated during the year 1849 towards payment of pub-
In exhibiting the operations of the treasury for the last fiscal year, the sum of $130,000, borrowed on special loan for the avoidance of the Schuylkill inclined plane, and included in the aggregate of the public debt in December, 1849, should be added to the above stated sum of $495,479 39.
The amount of receipts at the treasury during the year ending Dec.
The amount of expenditures during the same period, is
$4,433,688 65 4,084,771 80
Difference between the indebtedness of the state on the 1st 1848, and Dec. 1, 1849, .
Amount paid to commissioners of the sinking fund, to January 1, 1850, $227,513 53, with which was purchased of the funded debt, and transferred to the commonwealth,
Total amount of public debt paid during the year,
Extract from the recent message of Gov. Fish.
At the close of the fiscal year, ending on 30th of September 1849,
the general fund debt amounted to
The canal debt,
Total "direct" debt,
Toward the payment of which debt there was on hand
A surplus of the general fund debt sinking fund of
Included in the amount of canal debt above stated, is the sum of $90,822, which was payable prior to the close of the fiscal year, but had not then been presented for redemption. The interest on this had ceased from the time when it became payable; the funds for its redemption being on hand awaiting the call of the holders of the stock. Since the close of the fiscal year, $77,917 of this amount have been redeemed.
The revenue of the general fund, exclusive of the annual appropriation of $200,000, from the surplus canal revenues, made by the constitution, and including a temporary loan to the treasury of $15,000, was The canal revenues were
The payments on account of the general fund during the year, amounted to $842,228 49, leaving a surplus of the revenue on hand, on 30th September, of $113,279 22.
The payments out of the canal revenues were:
1. Expenses of collection, superintendence, and ordinary repairs, $685,803 91 2. Appropriations made by article 7 of the constitution, toward the sinking funds, and to defray the necessary expenses of the government, .
This amount of payments deducted from the canal revenues of the year, leaves the sum of $907,102 71, applicable to the completion of the Erie canal enlargement, the Genesee valley, and Black river canals.
The receipts from canal tolls, during the year, show an increase of nearly $225,000 over those of the year preceding; the expenses of repairs, &c., have been nearly $170,000 less.
The general fund debt exceeds the amount stated last year by the sum of $400,000. $385,000 of this amount constitute the sum directed by chapter 225 of the laws of the last session, to be paid to the use of the canal fund, to repay the principal and interest of the amount stated to have been paid from the canal fund to the general fund after the first of June, 1846, beyond the amount limited by the constitution.
Extracted from the annual message of Gov. Smith.
Receipts and expenditures for the year ending 30th September, 1849.
The balance in the treasury on the 1st of October, 1848,
The receipts principally arising from the usual sources of revenue,
689,841 00 164,291 00
and Kanawha company,
Interest due Washington monument fund, and including a small
portion of principal,
From the general government, on account of revolutionary claims
paid by the state, and refunded,
Interest of the public debt,
Board of public works to meet interest on public debt,
Public roads, under special acts,
Literary fund, as directed by law, revolutionary half
received from the general government,
Lunatic hospitals for new improvements, &c.,
Various disbursements, not ordinary expenses of government,
Warrant issued prior to 1st October, 1848,
Deduct warrants unpaid on the 1st October, 1849,
It is estimated that there will be a surplus on hand at the close of the present fiscal year, Sept. 30, 1850, of upwards of $187,000, unless expenditures not now anticipated should be sanctioned by the legislature.
The resources of the bank of South Carolina, (the capital of which was pledged in 1820 for the redemption of the debt.) applicable to the payment of this debt, amount to $3,888,368 60, which is an excess of available assets over the liabili ties of the state of $1,532,843 99, or over two and a half millions, if the sum of $1,051,000, received from the federal government on deposit, be included.
The annual message of Gov. Briggs gives the revenue of the state for the past year at $540,658, the expenditures $601,604. The receipts are less than the amount estimated, in consequence of a falling off in the auction tax, and in the tax on alien passengers, cut off by a decision of the supreme court of the United States, that the tax was unconstitutional. The charges during the year for the support of state paupers exceeds $90,000. The debt of the state is $1,085,000; her property $1,722,258, not including lands in Maine, $1,500,000, and claims on the general government, $181,000. Her school fund is $903,000.
The report of F. S. Lyons, bank commissioner, was laid before the legislature. From this document it appears that the foreign debt created to establish the state bank and branches, amounted, two years ago, to $9,170,555 55. Since that time the interest has been punctually paid, and the principal of the debt has been reduced to about $5,600,000. Besides this, there is now in the hands of the commissioner about $500,000 more of specie funds, to be applied in reduction, and the prospect of a further reduction of $1,000,000 out of the funds of the bank. The collections actually made from the bank assets since February, 1846, have amounted to over $5,000,000 in cash.
From the message of Governor Ford.
The condition of the state finances is thus stated.
Receipts from every source during the
Total amount of domestic bonds redeemed and cancelled du
Balance applicable to the payment of the state debt,
It will be seen (says the Governor) by this statement of the condition of the finances, that under the present system, after discharging all the general