« AnteriorContinuar »
Fellow-citizens of the Senate,
and House of Representatives : The Constitution makes it the duty of the Governor, at the close of his official term, to give to the next Legis. lature "information by message of the condition of the State.” I have the honor, therefore, in compliance with its requirements, of making this communication to you.
The receipts into the State Treasury during the fiscal year, ending Nov. 30, 1858, were as follows: Balance of cash in Treasury Dec. 1, 1857,... $158,642 70
General Fund. From delinquent taxes,
$226,392 19 specific taxes,
166,261 44 other sources,
8,002 72 new bonds,..
666,656 35 Internal Improvement Fund. From sale of lands and U.S. 5 per cents,...
5,297 28 Trust Funds. From sales of University, Prima
ry and Normal School lands,.. $22,573 91 From swamp lands,.....
62,897 67 Asylum lands and interest, 2,933 11 State building lands,
For Int. on part paid University
land certificates, Int. on part p'd Primary School
land certificates, Int. on part p'd Normal School
land certificates,... Int. on part paid Swamp land
95,345 29 8,947 42
From Sault Ste Marie Canal tolls,
redemptions refunded, &c.,... $112,873 08
176,235 51 For taking up and canceling bonds, (University,) ...
99,000 00 For payment of interest on State
Internal Improvement Fund. For payment of interest on State indebtedness,
122,559 60 For payment of bonds, treasury
notes, outstanding warrants and exchange,
For payment of D. &. P. R. R. bonds,
209 493 39
For support of University,..... 35,425 01
107,569 89 For Asylum appropriations .... 59,500 00
, For expenses of Normal School, 6,998 49 For expenses of Swamp land • sales,....
14,030 49 For erroneous sales of land and
interest refunded, and expenses of advertising and appraising forfeited lands, ...
M. C. R. R. deposits refunded,..
40 00 176,347 20
It will be perceived that the aggregate of receipts and expenditures is largely increased by including bonds to the amount of $266,000 00, which have been issued in conformity to the law of January 30th, 1858, all but $50,000 00 of which were to redeem the outstanding bonds of the State, which fell due on the 1st of July last, and on the 1st of January instart.
The conditions of the law, for the issue of these bonds, have been faithfully complied with, and bonds to the amount of $196,000 00 have been redeemed and cancelled, and provision made for the redemption of $20,000 00 which fell due on the 1st of January instant. It is gratifying, also, to be able to state that the credit of the State is in a high condition ; and that while the bonds of the States of Virginia, Tennessee, Missouri, and several other States, were below par, we were able to negotiate these bonds at a premium.
It will also be noticed, that other large amounts of money, as the interest on the University and School lands, constitute no part of the revenue of the State, but that the Treasury is simply made the agent for their receipt and disbursement.
The receipts into the Treasury for delinquent taxes upon non-resident lands, have been largely increased over the last year. This is to be attributed mainly to the able decision of the Supreme Court, which has rendered hopeless the efforts of that class of property holders to avoid their just proportion of the public expenses. If this just decision had not been promptly made, or if the Court had arrived at a different conclusion, the Treasury would have been greatly embarrassed, and the resident tax payers subjected to an inconvenient, if not insupportable burden.
The State indebtedness, for which Bonds have been issued, is as follows: Penitentiary Bonds due January 1, 1859, .... $ 20,000 00 Penitentiary Bonds due in 1860,..
40,000 00 Internal Improvement Warrant bonds,..
50 00 Full paid Five Million Loan Bonds, due January, 1863,..
177,000 00 Adjusted Bonds due January, 1863, ........ 1,726,685 00 The part paid Five Million Loan Bonds when funded will amount to......
104,142 60 Outstanding Int. Imp. Warrants,.
3,752 07 New bonds issued in July last, due 1878,.... 266,000 00 Total,....
The average amount of cash in the Treasury, for the four
years next preceding Dec. 1st, 1854, was,... $285,536 06 The amount of interest received for the use of the same, was,