On account of costs of advertising Bank Tax Fund refunded, On account of sales of Saline lands in Orange and 12 00 826 74 414 32 On account of interest on sales of Saline lands, On account of costs of advertising Saline Fund re- On account of loans of Surplus Revenue Fund refunded, On account of interest on loans of Surplus Revenue On account of Dividends on Saline Fund Bank Stock, On account of Rents from State Prison, On account of sales of Stock in Madison and Indianapolis Rail Road Company, 1,308 49 23 25 8 00 150 00 192 02 1,994 28 320 75 24,620 14 10,792 00 On account of Dividends on State's Stock in Madison and Indianapolis Rail Road Company, 3,097 00 On account of sales of Lots in the town of Indian On account of interest on sales of Lots in Indianap olis, On account of interest on six per cent. Treasury On account of Lawrenceburgh and Indianapolis Rail On account of Water Rents on Northern Division of 522 95 On account of Tolls on New Albany and Vincennes On account of Tippecanoe Battle Ground Monument, On account of Tolls and Water Rents on Wabash and Erie Canal, 10,516 01 1 69 149,232 76 On account of sales of lands E. and W. of Tippecanoe, by Trustees, 14,747 75 On account of Wabash and Erie Canal Lands in Vin cennes District, 77,328 02 On account of interest on Deposites in Bank, by On account of Wabash and Erie Canal Scrip West, by Trustees, 11,600 00 On account of Wabash and Erie Canal Scrip East, by Trustees, On account of interest on Wabash and Erie Canal 5,774 65 On account of Premium and Exchange by Trustees, Total receipts from November 1st, 1848, to October 31st, 1849, (including balance on hand November 1st, 1848,) 2,132 38 800 00 $1,566,339 44 EXPENDITURES. There were audited during the financial year ending October 31st, 1849, the following sums, viz: On account of Prosecuting Attorneys, On account of Adjutant and Quarter Master Generals, On account of transporting Public Arms, On account of Salaries of Executive Officers, On account of Stationery and Fuel, 28,465 86 1,202 62 7,471 22 570 00 1,226 74 217 60 4,496 66 250 55 751 99 3,416 36 4 18 On account of Revenue of 1843 refunded, On account of Delinquent Revenue of 1847 refunded, On account of Interest on Public Debt, On account of Incidental Expenses of State Agent, 21 57 4 71 33 40 77 21 2,548 62 92 89 3,750 00 188,344 00 1,000 00 On account of Stock in Madison and Indianapolis Rail On account of six per cent. Treasury Notes, On account of Interest on six per cent. Treasury Notes, On account of Interest on quarter per cent. Treasury 5,363 35 62,740 00 27,661 66 31,565 00 369 79 56,350 00 On account of Interest on five per cent. Treasury Notes, 16,679 60 20,331 00 On account of Education of the Blind, 15,146 89 26,370 00 193 12 On account of Expenses of Treasury Notes, On account of sales of Saline lands refunded, On account of repairs of Central Canal, On account of Incidental expenses of Central Canal, On account of expenses of Land Office of Vincennes On account of expenses of Land Office for lands E. 279 00 5,005 62 252 50 6 75 200 00 20 32 4,850 00 128 75 4,486 77 295 38 1,113 05 700 00 132 06 2,060 05 295 50 451 85 6,854 68 10 00 3,199 48 36,985 00 63 00 41,667 06 6,838 26 72 00 969 16 3,767 32 30,597 94 On account of extraordinary repairs of Wabash and 9,311 80 On account of expenses of survey and locating Wabash and Erie Canal, by Trustees, 13,581 84 On account of construction of Wabash and Erie Canal between Coal Creek and Terre Haute, by Trustees, 247,082 22 On account of construction of Wabash and Erie Canal between Terre Haute and Point Commerce, by Trustees, On account of construction of Wabash and Erie Canal between Point Commerce and Newberry, by Trustees, 103,982 36 2,443 75 On account of construction of Wabash and Erie Canal on Patoka summit, by Trustees, 3,969 57 On account of expenses of superintending Wabash and 6,585 99 On account of salaries and office expenses of toll col- On account of moneys refunded to purchasers of Wa- On account of general expenses of Wabash and Erie Whole amount audited from Nov. 1, 1848, te Oc- 4,221 35 9,441 94 1,536 75 480 00 13,134 00 $1,137,398 25 STATE OF THE TREASURY. Balance in the Treasury on the 31st of October, 1848, Amount of warrants drawn on the Treasury on all accounts during the year ending Oct. 31, 1849, as above, $694,096 09 872,243 35 $1,566,339 44 - 1,137,398 25 Balance in the Treasury on the 31st of Oct., 1849, $428,941 19 This statement presents, as usual, a large apparent balance in favor of the Treasury, and, without explanation, would be calculated to make an erroneous impression as to the true condition of the Treasury. A large portion of it consists of Treasury Notes and Wabash and Erie Canal Scrip, which have been redeemed and are ready for cancellation; and over $200,000 is a balance to the credit of the Trustees of the Wabash and Erie Canal, whose ac counts the law requires to be kept in this office, although no money is ever received or paid out here. The available means actually on hand is very small, but it is hoped there will be sufficient to meet the demands upon the Treasury until it shall be relieved by receipts on account of the revenue of 1849. The collections on account of State revenue of 1848, and previous delinquencies, exceeded the estimates several thousand dollars, and all the calculations of last year would have been fully realized had it not been for the unexpected amount of Treasury Notes thrown upon the Treasury. The estimates made for the receipts and expenditures of the year that is just closed, were predicated upon the reception of only $100,000 of all kinds of Scrip, principal and interest. The amount actually received, principal and interest, exceeded $156,000. From some counties, as I learn from the Treasurer, nearly the whole revenue was paid in Scrip, and from many counties a very large proportion of it was received in that kind of funds. It is true that the redemption of so large an amount of Treasury Notes will show a gratifying reduction of our domestic indebtedness, but still it increased the difficulty of meeting the usual demands upon the Treasury, and paying the interest on our foreign debt. This source of embarrassment upon the Treasury however must soon terminate, as two years more will, in all probability, absorb the entire amount of those kinds of Scrip which are received only for revenue. The Bank (or five per cent.) Scrip will of course be mostly redeemed through the Sinking Fund. The interest on our Public Debt, together with the incidental expenses attending it, has still been promptly paid when it fell due. At the period of making the last annual report from this office, the Treasury was indebted to the amount of $40,000 for money borrowed to pay the interest due July, 1848. That debt, and the interest due for January and July, 1849, have all been paid, and the State is indebted for money borrowed the sum of $79,000, which is due the 1st of January next. Upon the estimate that only $100,000 of the revenue would be received in Treasury Notes, and that $50,000 would cover the amounts to which the Treasury would be indebted to the Deaf and Dumb, Lunatic, and Blind Asylums, the probable deficiency was computed at $24,000. This amount would have considerably more than covered the anticipated deficiency if it had not been for the $56,000 additional of Treasury Notes received, and upwards of $10,000 of an increase to the Benevolent Institutions over the amount estimated. Under the authority of the laws of the last session of the Legislature authorizing temporary loans to pay the January and July interest, the requisite amounts were obtained without difficulty from the Sinking Fund and the Branches of the State Bank. The same difficulty which has been heretofore encountered in the payment of the January interest will occur again this winter. But little if any means will be in the Treasury applicable to the payment of that interest. It was hoped that, under the Joint Resolu |