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ANNUAL REPORT of the State Treasurer.
STATE TREASURER's OFFICE,
Detroit, December 1, 1846. To the Legislature of the State of Michigan :
The statements herewith submitted show the receipts and disbursements to and from the treasury during the past fiscal year, the condition of the various funds, and the balance on hand at its close, November 30th, 1846, as exhibited by the books of this office. The balance in the treasury at the close of the fiscal year 1846, is
$78,561 00 In State Scrip, (treasury notes.)
$17,543 00 Deposit in Phenix Bank, N. Y., 23,317 48
Leaving a balance on hand of
$37,701 52 in current bank bills and coin. The auditor general reports as outstanding $11,641 02 of general fund warrants; of this amount $5,371 99 were issued on account of “ Michigan State Bank Assets;" a part of them are payable in February, 1848, the balance in 1849; the warrants were drawn on interest. The deposite in the Phenix Bank, N. Y., was received from the purchasers of the Central Rail Road, as a portion of the first instalment, and was remitted for the purpose of taking up the remaining coupons due in 1846 on certain state bonds named in the law, and provided for by the sale of the road.
During the past fiscal year, $45,000 of State Scrip have been cancelled and burned; deducting the amount now in the treasury will leave $7,457 00 outstanding, a large portion of which is bearing interest and withdrawn from circulation.
1 The company incorporated for the purchase of the Central rai road having duly organized under the law, and paid into the treasury the first instalment, were placed in possession of the road the 24th of September last. They have since made other payments, amounting in all to $1,634,489 78, leaving a balance of $365,510 22
still due the state. The different kinds of “state indebtedness” paid by the company, and the time of payment, is shown by the report of the auditor general.
On the 22d of October last, the incorporators for the purchase of the Southern rail road paid $10,000 00 in internal improvement fund warrants into the treasury, being the first instalment; on the payment of the second instalment of $40,000 00, which becomes due the 23d inst., they will be entitled to possession of the road.
The specific state tax of one-balf of one per cent. on the capital stock of banks, has been promptly paid for the past year by all the banks now doing business in the state.
Contracts have been made for doing the state printing and binding for the fiscal year 1847, at reduced prices from those of previous years.
GEO. B. COOPER, State Treasurer.
Treasurer of Michigan in account with State of Michigan. DR.
CR. To bal. in treasury
By amount paid on Nov. 30, 1845, $18,892 81
acc't of conting't To receipts on acc't
$467 59 of general fund,
159,011 77 Do general fund, 159,103 02 Do int. impt. fund, 1,771,168 24 Do int.impt. do 1,704,523 95 Do prim'y sch'ldo 20,226 43 Do primary school Do do irt. do 23,067 42 interest fund,
28,105 12 Do redemption acc't 33,433 11 Do redempt'n acc't, 27,514 00 Do st'te build'g fu'd, 4,994 33 Do st'te build. fu'd,
96 Do university fundo 9,375 86 Do univer'ty int. do 10,887 35 Do do int. do 13,993 02 By treasury notes
45,000 00 By bal. in treasury Nov. 30, 1846,
LEGER BALANCES ON STATE TREASURER'S BOOKS, nov. 30, 1846.
$78,661 00 Contingent fund, Internal impt. fund, 210,347 66 General fund,
Primary S. fund,
Do do int. do
$1,855 28 74,212 78 92,053 63
2,981 49 10,733 96 10,890 48 25,000 00 66,150 00 5,031 04
Statement showing the condition of the various funds on Treasurers'
Balance Nov.30,'46, $66,150 00 DR. UNIVERSITY INTEREST FUND.
CR. To warrants paid
By balance Nov. during fiscal y'r, $10,887 35 30, 1845,
$1,925 37 Balance,
5,031 04 By transfer from
3,838 81 By receipts during
By bal.Nov.30, '46, $5,031 04 DR. INTERNAL IMPROVEMENT FUND.
CR. To balance Nov.
By receipts during 30, 1845,
$276,991 95 fiscal year, $1,697,271 05 To warrants paid
By transfer from during fiscal y'r, 1,703,232 04 Sinking Fund,
73,897 19 To trea'y note int.
210,347 66 p'd du'g fis'l y'r, 1,291 911