THE STATE FINANCES.

State Indebtedness.

The amount of State indebtedness will be seen from the following statement, as also the manner in which it has been funded:

The amount of the productive School Fund on the 30th day of September, 1870 and 1871, respectively, was as follows:

Showing an increase in the productive fund of $98, 860. 77 during the past

University Fund.

This fund consists of the proceeds of the sales of lands granted by Congress for the support of a University. The amount of this fund which was productive at the end of the 'fiscal year ending September 30, 1870 and 1871, respectively, was as follows:

Showing an increase in the productive fund, during the last year, of $3, 273.24.

Receipts..

Disbursements.

University Fund Income.

Normal School Fund.

$29,591 20 29,591 20

This íund is composed of the proceeds of the sale of lands set apart for the support of Normal Schools, by chapter 537, laws of 1865.

The amount of productive fund on the 30th day of September, 1870 and 1871 respectively, was as follows:

Showing an increase in the productive fund of $62,308.75 during the past year.

Receipts.

Disbursements.

Normal Sehool Fund Income.

$51, 150 45 33,964 45

Agricultural College Fund.

This fund consists of the proceeds of the sales of 240,000 acres of lands granted by Congress to the State for the support of an institution of learning, where shall be taught the principles of agriculture and the arts. The interest on the productive fund forms the income.

The amount of productive fund September 30, 1870 and 1871, respectively was as follows:

Showing an increase in the productive fund during the past year of $23, 624.00.

Agricultural College Fund Income.

Receipts

Disbursements.

$12, 238 42 12,238 42

The total productive accumulations of all the trust funds of the State, on the 30th day of September, 1871, were $3,513, 709. 10, showing an increase during the last fiscal year of $188, 066.76.

The amount belonging to each fund, on the same day, was as follows:

School Fund..

University Fund.

Agricultural College Fund.

Norma! School Fund...

$2,389, 488 28 207, 139 38 182, 970 20 734, 111 24

$3,513, 709 10

Drainage Fund.

This fund consists of the proceeds of the sale of lands set apart as drainage lands, by virtue of chapter 537, laws of 1865, the amount of which is to be annually apportioned to the several counties in which lands lie, in proportion to the amount of sales in each county, respectively.

Receipts.

Disbursements.

$122, 799 59 59,057 41