STATE OF MICHIGAN. 1861. DOCUMENT NO. 2. ANNUAL REPORT of the State Treasurer. STATE TREASURER'S OFFICE, 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 year is..... .$1,267,555 48 The balance of items charged suspense acct. is.. 53,885 74 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... Amount received for exchange on drafts received for bonds,... Amount received for accrued interest on bonds sold, is...... Amount received of the Treasurer of the United States, Received for clothing,. Total,.... $426,631 50 106 87 4,338 14 $92,000 00 7 00 $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,..... Int Imp. warrant bonds, payable on demand,... Adjusted bonds, 6 per cts., payable in 1863,..... Renewal $13,000 00 50 00 177,000 00 1,744,185 00 50,000 00 The outstanding, part-paid $5,000,000 loan bonds, Total indebtedness, 83,314 08 3,615 16 $2,836,264 24 |