VIRGINIA (September 30, 1869).—$45,872,778. 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. 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. Authority for Issues. MARYLAND (September 30, 1868).—$8,654,802 66. Character of Issues. Sterling 5 1890. London. 2,328,888 89* L.1834, c.241 Baltimore and Susquehanna RR.... 6 J.,A.,J.&O. 1870. Baltimore.. 1,000,000 00 3 5 66 66 L.1838, c.386 Annapolis and Elkridge RR.-Stg.. 5 J., A.,J.&O. 1889. 1889. L.1838, c.416 Susq. and Tide-Water Canal-Stg.. 5 J.,A.,J.&O. 1865. L. 1847, c. 41 Converted 5 5 J.,A.,J.&O. 1889. 1890. Baltimore.. 95,420 25 London.... 802,000 00 1865. Baltimore.. 215,622 00 London 60,000 00 --- Currency. 5 66 Baltimore.. 38,554 25 L.1838, c.386 Eastern Shore RR.—Sterling.. L. 1864, c. 15 Volunteer Bounty... L.1867, c.152 Southern Relief. * 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. & O., 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 As yet no arrangement has been effected between the two States. See Vir same. ginia. Authority for Issue. KENTUCKY (October 10, 1868).-$3,619,191 46. Character of Issues. Principal Where Amount p. c. Payable. Payable. Outsta'd'g. Six-year, etc., bonds.. Act Feb. 28.35 Varions.. Act Feb.28, 35 Thirty year Bonds (Bank of Kentucky). (Prime, Ward & King).. 5 Aug. 1, '65 New York 3,000 00 (Northern B'k of Kentucky) 5 Apr.25, 71 Frankf rt 94,000 00 (Bank of Kentucky)... 5 June 1, '66 3.000 00 (War Department).. 5 Apr. 1, '67 New York 5,000 00 (John Tilton, Agent to sell). 5 Sept. 2, '73 66,000.00 (Am. Life Ins. and Trust Co.) (Contractors). 6 Var.'71-'72 13,500 00 140,000 00 (Bank of Kentucky)... Acts 40, 41, &c 44 (Contractors, etc.).. Act Feb.18, '64 15 or 30-year Bonds, issued Aug.2, '64, to Oct.10, '65 Held by Board of Education. Thirty-year Bond No. 1, dated Aug. 9, 1840. 117,000 00 No. 20, 66 44 No. 21, 14 Jan. 6, 1840. 21,500 00 Thirty-five year Bond No. 22, dated Jan. 18, 1840 No. 23, 44 Jan. 22, 1840 Jan. 22, 1840 July 5, 1859.. ActJan.30, '64 Bonds for unexpended county distribution.. SINKING FUND: Cash, $1,201,436 98; and stocks, etc., $6,122,794 50-total, $7,324,231 48. The State has, applicable to the discharge of the above debt, cash in its Treasury, $1,201,436 98; stocks of banks, railroads and turnpike companies, $6,122,794 50 -total, $7,324,231 48. ARKANSAS.-$4,430,000. The present debt of the State, amounting, January 1, 1870, to $4,430,000, was created for the purpose of funding its old (over-due) debt. The whole amount of this debt, including arrears of interest, was made exchangeable by law for new 6 per cent. 30 year bonds. The whole of the old debt has with some small exceptions been converted into the new bonds. The State is also aiding several railroads, granting to land-grant roads $10,000 per mile, and to non-land-grant roads $15,000 per mile, the State securing the re-payment of these advances by a first lien on the properties. Under these provisions only a small amount of bonds have been issued. Provision has been made in the manner stated for about 800 miles of line. Authority for Issues. NEW YORK (October 1, 1869).—$43,265,306 40. Interest. Character of Issues. p. c. Payable. Where Principal Amount Payable. Payable. Outstand'g. 5 5 J.,A.J., &O. Albany..... At pleasure $561,500 00 16662 25,330 94 287 82 4,825 00 7 J.,A,J.&O. New York.. July 1, 1870 700,000 00 1875 900,000 00 36,000 00 L. 40, c. 193 State Stock. Loan to L. I. RR. § The following table shows the amount of debts outstanding October 1, 1869, and of the sinking funds applicable to each class of debt at that date; also, the nett debt, after applying the sinking funds: Under the Constitution the General Fund Debt and the Canal Debt are provided for out of the surplus canal revenues, and hence are no charge to the States The Contingent Debt will be paid by the Long Island Railroad Company. It is the Bounty Debt alone that is chargeable on taxation. Turnpikes, etc., Loans, $684,260: Turnpike and Plank Road Companies.. Railroad Loans, etc., $34,127,524: East Tennessee and Virginia.. East Tennessee and Virginia (indorsed). East Tennessee and Georgia (indorsed). Edgefield and Kentucky. Cincinnati, Cumberland Gap and Charleston. Knoxville and Kentucky.. McMinnville and Manchester.. Memphis, Clarksville and Louisville. Memphis and Charleston.. Memphis and Ohio.. Mississippi and Tennessee.. Mobile and Ohio... Mississippi Central and Tennessee. Nashville and Chattanooga.. Nashville and Chattanooga (indorsed). Nashville and North-Western. Rogersville and Jefferson. Nashville and Decatur. Winchester and Alabama.. State Debt Proper, $5,180, 160: Turnpike Roads Stocks. 5 $1,091,190 $214,238 Turnpike Roads Stocks. 54 137.167 28.805 Bank of Tennessee Stock. 6 1,000,000 240,000 East Tennessee and Georgia RR. Stock. 5 225.000 45,000 5 83.250 16,650 |