General School Miscellaneous. The interest upon which is collected when due and credited to the General School Fund, together with the premium derived from sale of the specie received on the gold bearing bonds. Receipts from sale of grass on School Lands, 1,244 58 Paid express charges on bonds and coupons, 29,517 28 $83,552 84 $68,676 32 111 11 188 98 1,597 08 $70,573 49 Leaving balance in Treasury, Dec. 1st, 1864, $12,979 35 To which will be added all sums collected from interest on Bonds and other sources previous to the 1st of February next, when the same will be apportioned by the Superintendent of Public Instruction in accordance with the requirements of the act of March 6, 1862. MISCELLANEOUS. As custodian of certain miscellaneous funds I report in aggregate the following transactions: The collection of State taxes during the year 1864 as compared with former years is as follows: Taxes collected during the year 1860, $111,918 53 State Finances. 100,186 83 Taxes collected during the year 1862, 133,001 71 177,170 43 195,418 52 Blato Finances. Total amount of Auditor's Warrants re- Leaving the total amount of Warrants out- $197,020 18 $19,531 25 From the above figures it will be seen that the financial condition of the State has vastly improved since my last report, the amount of outstanding scrip having been reduced from $46,671 93 to $19,531 25. The Interest Fund showing a surplus of $25,640 66 after poviding for the interest on State Bonds due January 1, 1865, I shall on the first of January next, in accordance with law, transfer said surplus to the credit of the Revenue Fund and redeem therewith the outstanding warrants. In this manner the long desired object of placing the State finances upon a cash basis will be, accomplished. The pernicious effects of a floating indebtedness having been sorely felt during the last six years, the Legisla ture should be careful, now that we are nearly out of debt, to provide a sufficient income for all the appropriations necessary to be made. The estimated expenses for the current year by the Auditor, amount to the sum of $167,975 00 The amount of outstanding Warrants, 19,531 25 The amount of deficiencies for the year 1864, 12,000 00 appropriations, 21,060 92 Making the sum total to be provided for, $220,567 17 To meet which we have in the Treasury a $36,795 56 Estimated resources from the tax duplicate of 1864, 184,000 00 Receipts from miscellaneous sources, Making total revenue for the year 1865, $225,795 56 5,000 00 The above exhibit shows that the present rate of taxation yields a suffiçient revenue to meet the estimated expenses. Should, however, the Legislature find it necessary to appropriate more than the above sum, some provision must be made to meet the deficiency, either by re-enactment of the Poll Tax law, or an increase of taxation. The eight per cent. State Bonds, amounting to $250,000, issued under the act, approved March 13, 1858, mature July 1, 1867. The tax of one mill levied under the act of March 4, 1864, to be set apart as a sinking fund for the payment of these bonds will yield $40,000 per annum, or $120,000 before July 1, 1867. We hope soon to effect a settlement with the U. S. Government for expenses incurred during the Indian War, which will enable us to make up the balance without any increase of taxation for this purpose. From the certificates issued by the Board of Auditors for the payment of expenses incurred by the Sioux War, there yet remains unpaid $71,684 12. We are daily expecting a sufficient sum from the U. S. Treasury, which, together with the balance on hand to the credit of the U. S. on War Tax Fund, will enable us to entirely cancel this class of obligations. THE ALLOTMENT AGENCY. State Finances. The Allotment The transactions of this branch of the Department have not been as large during the past year as for the year previous, owing to the fact that those of our regiments on duty in the department of the Southwest, have been so constantly on the move from one district to another, that it was impossible for the allotment Agency. rolls to always reach them in time to be effective at every payment, yet the working of the system has produced very satisfactory results, the amount of money received for distribution being $72,674 27. In this connection, I will quote from my last year's report: In the distribution of this allotment money, I am thrown in contact with a great number of soldiers' families, and regret to find that in a majority of cases there is an amount of destitution and suffering that The Allotment should not be allowed to exist. Daily we are called upon to make advances upon the allotment due, or to render aid which we cannot do, no provision for such cases existing," and will only add, that a small fund placed at the disposal of the Governor, Auditor, and Allotment Commissioner, to be used for the aid of these families in cases of great necessity, will alleviate much suffering, without materially increasing the expenses of the State. Respectfully submitted, CHARLES SCHEFFER, |