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STATE OF MICHIGAN.

1861.

DOCUMENT NO. 2.

ANNUAL REPORT of the State Treasurer.

STATE TREASURER'S OFFICE,

Lansing, Mich., Nov. 30, 1861. To His Excellency, Austin Blair,

Governor of the State of Michigan: SiR—I have the honor to submit herewith a report of the financial transactions of this department, and the condition of the various Funds of the State, for the fiscal year ending Nov. 30, 1861. The total amount of disbursements of the office for the fiscal

. $1,267,555 48 The balance of items charged suspense acct. is.. 53,885 74

year is....

Total,.....

$1,321,441 22 The total receipts for the same period, is....... 1,294,261 43

Leaving balance against the Treasury, Nov.

30, 1861, of....

$27,179 79

WAR FUND.

This fund was created during the past summer, by act of the legislature, approved May 10, 1861, which authorized the issue of war bonds, to an amount not exceeding one million of dollars. The whole amount of bonds sold by authority of this act is $449,100 00, at an average price of about 95c.; the exact amount realized being...

$426,631 50 Amount received for exchange on drafts received for bonds,...

106 87 Amount received for accrued interest on bonds sold, is....

4,338 14 Amount received of the Treasurer of the United States,

$92,000 00 Received for clothing, .

7 00

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Total,....

$523,083 51

The amount of payments on account of war expenses, is $538,278 03, being $15,194 52 over the amount of receipts.

STATE DEBT.

The funded and fundable debt of the State is as follows: Penitentiary bonds payable on demand, ........ $13,000 00 Int Imp. warrant bonds, payable on demand,... 50 00 Full paid $5,000,000 loan bonds, 6 per cts., payable in 1863,..

177,000 00 Adjusted bonds, 6 per cts., payable in 1863,..... 1,744,185 00

6 Temporary loan bonds, 7 per cts., payable 1878,. 50,000 00 Renewal 6

216,000 00 Canal bonds, 6

100,000 00 War loan bonds, 7

449,100 00

16 1879,

1886,

$2,749,335 00 The outstanding, part-paid $5,000,000 loan bonds, when funded, will amount to....

83,314 08 Outstanding internal imp. warrant bonds, ..... 3,615 16

Total indebtedness,

$2,836,264 24

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