Estimated balance of receipts over expenditures, (leaving out of the calculation the Treasury Notes which will be received for revenue of 1850,) $35,375 The foregoing is as correct an estimate of the resources and liabilities of the Treasury as can be made from the data on hand. The law requiring County Auditors to transmit to this Office, on or before the 1st of October in each year, "a complete abstract of the property, the valuation thereof, the number of polls, the amount of each kind of tax, and the aggregate thereof," had not been complied with, in a number of cases, at the time of making this estimate; and consequently neither the value of the taxables, the number of polls, nor the amount of tax levied, can be stated with entire ac curacy. By this estimate it will be seen, that, if there were no Treasury Notes to redeem, the receipts into the Treasury would pay the State expenditures, discharge the liability incurred in the payment of the last July interest of the State Debt, pay the interest due in January and July, 1850, and leave a balance of $35,375 in the Treasury. The amount of Treasury Notes that may come into the Treasury for revenue during the current year, is so uncertain, and depends upon so many contingencies, that it is not deemed prudent to hazard a prediction on the subject. The amount actually outstanding will be shown under the head of Domestic Debt. Since the foregoing was prepared for the press, a certified copy has been received of an award in favor of Patrick McGinley, for upwards of $20,000, under authority of a law for his relief, passed by the Legislature in February, 1848-accompanied by an agreement between the Governor and Mr. McGinley to reduce the amount to $16,000, besides costs, and postpone the payment of it until the 1st of March next. No appeal having been taken from the award within the time limited by the law, that amount will be an additional burden upon the Treasury, and will of course affect the above calculation to that extent. The ordinary expenditures of the current year may be estimated as follows, viz: Bonds issused for Internal Improvement System, $72,000 00 $8,900,000 1.727,000 2,413,000 291,000 456,000 221,000 1,100,000 $15,111.000 Add for Bonds on which the Bank pays interest and is Add for 7 per cent. Bonds issued but never sold, Making a total of, The whole amount issued as above, is Total amount of Bonds outstanding prior to surrender, under State debt arrangement with holders, 1,390,000 1,064,000 $4,063,000 15,111,000 $11,048,000 BONDS SURRENDERED. Wabash and Erie Canal Bonds. 678 Bonds surrendered by subscribers prior to July 1st, $678,000 277 Bonds surrendered by non-subscribers prior to July 1st, 1847, 164 Bonds surrendered by subscribers to January 1st, 1848, 165,000 54 Bonds surrendered by non-subscribers to Jan 1st, 1848, 41 Bonds surrendered by non-subscribers to July 1st, 1848, 41,000 8 Bonds surrendered by non-subscribers to July 1st, 1849, 8,000 Total surrendered to July 1st, 1849, $1,223,000 Internal Improvement Bonds. 5662 Bonds surrendered by subscribers to July 1st, 1847, 353 Bonds surrendered by non-subscribers to July 1st, 1847, 353,000 478 Bonds surrendered by subscribers to January 1st, 1848, 478,000 146 Bonds surrendered by non-subscribers to Jan. 1st, 45 Bonds surrendered by non-subscribers to July 1st, 1848, 146,000 45,000 118 Bonds surrendered by non-subscribers to July 1st, 1849, 118,000 Total surrendered to July 1st, 1849, $6,802,000 Madison and Indianapolis Rail Road Bonds. 300 Bonds surrendered by subscribers to July 1st, 1847, 300,000 28 Bonds surrendered by non-subscribers to July 1st, 1849, 28,000 16 Bonds surrendered by subscribers to January 1st, 1848, 16,000 2 Bonds surrendered by non-subscribers to January 1st, 1848, 2,000 2 Bonds surrendered by non-subscribers to July 1st, 4 Bonds surrendered by non-subscribers to July 1st, Lawrenceburgh and Indianapolis Rail Road Bonds. 68 Bonds surrendered by subscribers to July 1st, 1847, 3 Bonds surrendered by subscribers to Jan. 1st, 1848, 1 Bond surrendered by non-subscribers to January 1st, 1848, 4 Bonds surrendered by non-subscribers to July 1st, $352,000 $68,000 3,000 1,000 4,000 $76,000 State Bank Bonds. 719 Bonds surrendered by subscribers to July 1st, 1847, 27 Bonds surrendered by non-subscribers to July 1st, 1847, 52 Bonds surrendered by subscribers to Jan. 1st, 1848, 8 Bonds surrendered by non-subscribers to January 1st, 1848, $719,000 27,000 52,000 8,000 28 Bonds surrendered by non-subscribers to July 1st, 1849, 4 Bonds surrendered by non-subscribers to July 1st, 1848, Total surrendered to July 1st, 1849, -1 $838,000 Seven Per Cent. Bonds issued to pay Interest. 18 Bonds surrendered by subscribers to July 1st, 1847, 3 Bonds surrendered by non-subscribers to July 1st, 1847, 1 Bond surrendered by non-subscribers to January 1st, 1848, 7 Bonds surrendered by non-subscribers to July 1st, Bonds outstanding at period of arrangement of State debt, July 1st, 1847, The amount surrendered up to July 1st, 1849, $18,000 3,000 1,000 7,000 $29,000 $11,048,000 9,320,000 $1,728.000 STATE STOCKS. State Five Per Cent. Stock. The amount of half the principal and interest of Bonds surrendered, chargeable to the State Treasury, for which 5 per cent. State Stock issued, is as follows, viz: Stock to subscribers to July 1st, 1847, $3,722,500 Stock to non-subscribers to July 1st, 1847, 344,000 357,000 106,000 49,500 81,000 Total 5 per cent. State Stock to July 1st, 1849, $4,660,000 Two and one-half Per Cent. State Stock. The amount of one-half the interest and one per cent. of the principal of the Bonds surrendered chargeable to the State Treasury, for which State Stock issued with interest, at the rate of 2 per cent., commencing in 1853, is as follows, viz: |