Page images
PDF
EPUB

OHIO (November 15, 1869).—$10,016,581 86.

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small]

The debt has been reduced during the year by the sum of $516,093 57. The Commissioners of the Sinking Fuud have also purchased of the loans of 1870 $19,000 ; of 1875, $29,700 ; of 1881, $111,943 59—total, $160,643 59, which they can cancel at any time, or exchange for loans matured or to mature in a short time, as they should deem best for the interests of the State.

ILLINOIS (December 1, 1869). —$5,124,995 64.

[blocks in formation]
[merged small][ocr errors][ocr errors][ocr errors]

66

66

[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

" 1877.
* 1869.
“ 1870.
"1876.
" 1877.

"1879.
6 Mar. &Sept.

16 1879. " 1879.

[ocr errors]

66

66

[ocr errors]
[ocr errors]

Various.... Internal Improvement B ds (old). 1847.

(new)
1847.. Interest Bonds..
July 1, 1859 Refunded Stock Bonds.

1859
1859
1859

1859 Normal University Bonds. Mar. 1, 1861 Thornton Loan Bonds. July 1, 1861 War Bonds (in $1,0008). 1861

(in $5008).. 1861

(in $1008). April 1, 1839 DI.& Mich.Can'l B’ds, £225 sig. 1839

regis'd June 1, 1840

£300 stg :: 1810

regis'd 1840

£100 stg.. 1840

regis'd April 1, 1839 1839

regis'd July 1, 1841

$1,000. 1841

regis'd 1841 Bonds called in, not surrendered

6

1879.
6 Jan. & July " 1879.
6
6
6 Apr. & Oct. 1870.
6
6 June & Dec. “ 1870.
6

1870.
6

1870.

$2,000 00 1,607,811 20 982,426 33

67,000 00 279,000 00

60,000 00 288,000 CO

45,000 00 103.030 00 222,000 00 122.500 00

67,300 00 697,000 00 155,400 00

57,333 33 219,600 00 12,888 89 54,400 00 25.000 00

6,000 00 19,000 (0 7,200 00 2,136 00

London

[ocr errors]

66

16 1870.

66

[ocr errors]
[ocr errors][merged small][ocr errors][ocr errors][merged small]
[ocr errors]
[ocr errors][merged small][merged small]

* 1870.

46

[blocks in formation]

New York..

[ocr errors]
[ocr errors]

6 Apr. & Oct. “ 1870.
6

1870.
6 Jan. & July 1870.
6

1870.

46

[ocr errors]
[merged small][ocr errors]
[ocr errors]
[ocr errors]

Since December 1, 1869, and up to May 1, 1870, the State debt has been reduced by about $350,000. During the year 1868–69, $799,411 14 was paid on the principal of the bonded debt of the State, or including payments made by the Canal Trustees on the registered Canal bonds, the principal of the State debt bonds reduced $864,162 87.

The State receives from the Illinois Central Railroad Company seven per cent. of the gross earnings of that road, in consideration of the grant to it of its lands. The revenue from this source amounted last year to $464,933 31.

The following table gives the aggregates of county, town and township and city debts:

[blocks in formation]

Of the above, Chicago has issued $11,080,500, and Cook County, of which Chicago is county seat, $2,818,300, or more than a third of the whole.

MICHIGAN (April 30, 1870).-$2,505,528 49.

[blocks in formation]

Sinking Funds-War Loan Bonds, 1-16th, and Two-million Loan Bonds,f1-8th mill tax on the dollar of taxable valuati

The Trust Funils are chiefly composed of State bonds purchased with their revenues. In this manner the Government designs to withdraw its bonds from the market.

The interest-paying debt, which, on November 30, 1868, amounted to $3,571,500, stood, on April 30, 1870, at $2,401,000, the difference, $1,170,500, having been absorbed by the Trust Funds.

SOUTH CAROLINA (November 1, 1869).$6,667,793 68.

[blocks in formation]
[ocr errors]
[ocr errors]

4th "

66

[ocr errors]

66

66

[ocr errors]

66

State stock. Act June '38 Fire l'n (for rebdg. Ch'rleston) Act 1856 New State House Stock... 1et Isy'e Act 1857

2d Act 1658

3d Act 1858

3d Acts 1859 Acts 1859

4th Acts 1861

5th Acts 1861

5th Act Feb., '63

6th
Bonds & stocks, funded debt

Balance not yet funded.
Act June '38 Fire 1. (for rebdg. Charleston)

Blue Ridge Railroad bonds..
Act 1854
Act 1854
Act 1854
Act 1851
Act 1853 New State House stock. 1st Iss'e
Act 1855

2d Iss'e Act 1866 Acts 1866 Conversion bonds

3 J. A. J. &0. Treas'y At pleasure. $38,836 60 6 J. A.J. &0. Treas'y

1870 304,443 89 6 Jan, & July Treas'y Jan. 1, 1877 228.055 66 6

1888 215,873 44 6

July 1, 1883 6

1885

351,770 00 6

1887

331,203 86 1899 1882

339,585 00 6

1886 6

1890 20.650 00 6 Jan. & July Treas'y

1,059,005 37 6

191,390 65 5 J.A.J. &0. London

1868 484,444 51 6 Jan. & July Treas'y July 1, 1875 200.000 00 6

1876 200,000 00 6

1877 200,000 00 6

1878 200,000 00 6

1879 200,000 00 6 Jan. & July

1871 250,000 00 6

1881 250,000 00

Jan. 1, 1885 11,600 00 6 N. York

1889 1,590,934 70.

[ocr errors]

66

66

66

[merged small][merged small][merged small][merged small][ocr errors][ocr errors][merged small]

CONNECTICUT (April 1, 1869).—$6,674,992.

[blocks in formation]
[blocks in formation]
[ocr errors]

6 Jan.& July. J'ly 1,'71-'81 Hartford... $2,000,000 6 Jan.1,72-'82

2,000,000 6 Jan, 1, 1863

2,000,000 6 April &Oct. Ap. 1, 74-'84

2,000,000 6 April 1, 1885

2,000,000

Of the original debt $3,025,008 have been canceled by the operation of a sinking fund, leaving outstanding $6,794,992. There are also war claims against the General Government amounting to $200,000, applicable to the reduction of the outstanding debt.

Under an act of the Legislature the Treasurer is authorized to issue registered bonds in exchange for coupon bonds.

VIRGINIA (September 30, 1869).-$45,872,778.

Interest.

Character of Issues.

Payable.

Principal
Payable.

Where Amount Payable. Outstandi'g.

[ocr errors]

66

1. Original Debt, $34,901,578 40: Registered bonds.

6 Jan.& July. 1886-1900... Richmond.. 21,865,578 40 1886-1900.

63,000 00 Coupon bonds

1886-1900.. New York. 11,108,000 00 Sterling bonds (reduced to dollars).

1886-1900... London.... 1,865,000 00 2. Created under Act March 2, 1866, $7,884,973 56: Registered bonds of 1866 and 1867.

6 Jan.& July. 1876-1887... Richmond.. 3,225,842 91 Coupon bonds of 1866 1867.

6

1876-1887.. New York. 3,472,000 0 Sterling bonds (reduced to dollars).

1885-1901 London

466,250 00 Fundable interest (due Jan. 1, 1867).

Rich.&N.Y. 720,880 65 3. Bonds Guaranteed, $1,504,500 00: Chesapeake and Ohio Canal.

500,000 00 Virginia Central Railroad.

100,000 00 Richmond and Danville Railroad

200,000 00 City of Wheeling.

366,000 00 Alexandria Canal and City.

16

15,000 00 City of Petersburg.

323,500 00 4. Unfunded Debt, $4,996, 111 50:

Interest due on old debt.
Interest due on new debt..

3,384,776 33 1,611,335 17

5. Assumed to be converted into Bonds :

Bonds of James River and Kanawha Canal,

212, 430 00

The total of the above debt is $49,499,593 46 ; but from this amount must be deducted bonds held by the State sinking fund, $1,729,315 46, and by the literary fund, $248,000; also, coupons lost at sea, $145,000, and the bonds guaranteed by the State (which are not considered as debt), $1,504,500 ; or a total of $3,626,815 46, and there remains a nett debt of $45,872,778.

OREGON (September 5, 1868).-$176,156 50.

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][ocr errors]

Special taxes are assessed for the Bounty Bonds 1 mill, and for the Relief Bonds mill; and from the fund thus created the interest is paid and the bonds are being redeemed. At the close of the fiscal year, 1867–68, this fund amounted to $18,300 11. MARYLAND (September 30, 1868).-$8,654,802 66.

[blocks in formation]

66

66

66

66

[ocr errors]

L. 1827, c.104 Baltimore and Ohio RR.

5 5.,A.J.&0. 1845 or 1880 Baltimore.. $24,000 50 L.1838, c.386

Sterling

1890.

London.... 2,328,888 89* L. 1847, c. 41

Concerted.. 5

1890.

Baltimore.. 948,500 00* L. 1834, c.241 Chesapeake and Ohio Canal.. 6 J.,A.,J.&O.'1870. Baltimore.. 2,000,000 00 L.1835, c 395

6
1885

30,000 00 L. 1838, c.386

Sterling.. 5

1890.

London. 1,055,555 56 L.1847, c. 41

Conrerted 5

1890.

Baltimore.. 1,314,060 00 L.1838, c.390

Sterling.. 5

1889

London. 1,332,222 21 L. 1847, c. 411

Concerted 5

1889.

Baltimore.. 373,285 00 L. 1834, c. 241 Baltimore and Susquehanna RR.... 6 J.,A.,J.&0. 1870. Baltimore.. 1,000,000 00 L.1837, c.302

3
1890.

314,000 00 L. 1838, c.395

1890

26,100 06 L. 1839, c. 20

6
1890.

429,587 81 L. 1838, c.396 Annapolis and Elkridge RR.-St... 5 J., A.,J.&0. 1889. London.. 60,000.00 L. 1839, c. 12

Currency 6

1889. Baltimore.. 95,420 25 L.1838, c.416 Susq. and Tide: Water Canal--Sto, J., A.,.J.&0. 1865.

London.. 802,000 00 L. 1847, c. 41

Converted 5

1865.

Baltimore.. 215,622 00 L.1838, c.386 Eastern Shore RR.-Sterling. 5 J., A.,J.&O. 1889 London 60,000.00 L. 1839, c. 323 - Currency. 5

1890. Baltimore.. 38,554 25 L. 1864, c. 15 Volunteer Bounty.

6 Jan.& July. After 1874. . Baltimore.. 501,000 00 L.1868, c. 235

6
After 1883. .

1,921,913 07 L. 1867, c. 152 Southern Relief.

6 Jan.& July.

Baltimore.. 100,000 00

[ocr errors]
[ocr errors]

* Interest on these amounts ($3,277,389) is paid by the Baltimore and Ohio Railroad Company.

Of the loans under Act of 1834, cap. 241, issued to the Chesapeake and Ohio Canal and Baltimore and Susquehanna Railroad, $1,121,170 has been canceled from sinking fund.

State 5 per cent. stock, issued under Laws of 1838, cap. 386 and 396, to B. & 0., Eastern Shore and Annap. & Elk Railroads, and Chesapeake and Ohio Canal, converted into currency and canceled under laws of 1864, cap. 285, $,1,636,687.

The State also holds bonds of the Baltimore and Ohio Railroad, exchanged therefor, to the amount of $1,103,461 94, of stock issued to the Baltimore and Ohio Railway Company, the latter agreeing to pay the interest on $3,277,389. The several sums last recited, amounting to $7,138,906 94, deducted from the debt, leaves only $8,654,802 66 for what the State is actually liable.

WEST VIRGINIA.

Since the separation of this State from Virginia it has incurred no debt. The State of Virginia, however, claims that West Virginia, comprising a portion of it when its debt was contracted, should assume the payment of its proportion of the same. As yet no arrangement has been effected between the two States. See Virginja

« PreviousContinue »