Democratic Sentinel, Volume 6, Number 47, Rensselaer, Jasper County, 22 December 1882 — INDIANA FINANCES. [ARTICLE]

INDIANA FINANCES.

Abstract of the Annual Report of Auditor Wolfe—lnteresting Facts ami Figures. [Fromthe Indianapolis Sentinel] Col. E. H. Wolfe, Auditor of State, has submitted his annual report for the year ending Oct. 31, 1882, to Gov. Porter. The document is an exhaust' ive one, and the many figures it con' tains regarding the State’s finance are enough to make a person’s head swim. Among other things contained in the report is an itemized estimate of the needed expenditures for the years 1884 and 1885. The probable receipts into the State treasury during the two years named is likewise given, which shows ample means to meet the ordinary expenditures of the State. In his suggestions to the Legislature the Auditor calls notice to the condition of the debt of the State, and calls attention to the fact that over $500,000 of the debt is fast approaching maturity. The Auditor further ventures the belief if the expenditures of the State are not increased to any great extent that one-third or one-fourth of the State debt can be paid in April, 1884, out of the general fund, but it is more than likely that before th it time the State will be called upon te pav the Coghlen internal improvement bonds, now awaiting a decision of the Supreme Court to determine the amount of interest due. The report further suggests to the General Assembly the propriety of levying a sinking fund of 2 cents on the SIOO, which in a few years, with the unused balance in the treasury, would provide funds to pay off this entire part of the debt and result in a saving of $30,000 in interest. Suggestions are also made in reference to amendments and corrections needed in the revenue and assessment law. The Auditor devotes quite a large portion of his report to wildcat and moonshine insurance companies, and the Auditor makes reference to the numerous swindling concerns that are now operating in this State, and asks the Legislature to consider these corporations. It is thought the report will be printed and published and ready for distribution before the beginning of the new year. The following is an abstract of the financial condition of the State, and will undoubtedly be of interest to every citizen in the commonwealth:

RECEIPTS AND DISBURSEMENTS. Statement showing a condensed exhibit of the balance in the State treasury by funds Nov. 1, 1881 ;also amount received and disbursed from the several funds during the fiscal year ending Oct. 31, 1881: Amount of cash,in the treasury Oct. 31, $740,650.72 The above amount was the aggregate of balances belonging to the various funds of the treasury, as follows: Balance in general fund 5278,228.22 Common school fund 92.20 Seliool revenue for tuition 149,396.08 College fund 17,856.14 College fund interest 157.28 Three per cent, fund 1,995.40 Unclaimed estates fund 12,435.49 Escheated estate fund 1>365-;U Swamp hind fund Sinking fund in excess of bids 2,088. >2 New S.ate House fund 271,46.>.30 $740,650.72 Receipts from all sources during the fiscal year ending Oct. 31, 1882: To general fund 51,260,401.61 To school revenue for tuition 1,863,219.64 To college fund 12,467.21 To college fund interest. 6,400 71 To swamp land fund.... 6 5.99 To the unclaimed estates fund 817.46 To common school fund. 125.02 To the new State House fund. 358,062.02 Total amount of the Treasurer’s rec’pts filed during year... $ 3,502,130.49 Deduct amount of ttansfer warrants as follows : School revenues for tuitions 234,2 6.99 New State House fund... 2 0,00 '.Ol Leaves net cash receipts to the treasury during the year 8,067,843.50 Add . cash balance in treasury, Oct. 31, 1-81. 740,650.72 Makes total receipts including balance $3,803,494.22 The amount ot warrants drawn on the State Treasury (including transfer warrants! from the several funds from Nov. 1, 1881, to Oct. 31, ■ 1882, were 3,544,711.90 Deduct amount of transfer warrants as follows: School revenue for tuition fund $24,286.99 New State House fund... 200,000.00 $ 434,286.99 Leaves net cash disbursements from the treasury during the v ©ar 3,110,424.70 Which being deducted from total receipts leaves cash in treasury Oct. 31, 18-2 698,069.52 The balances of cash in treasury, Oct. 31, 1882, over the balances of the various funds are as follows: In the general fund $101,729.21 Common school fund.... 3,217.22 School revenue for tuition fund 132,889.44 College fund 18,648.35 College fund interest.... 187.33 Unclaimed estates fund 1,365,97 Sinking fund excess of bids 2,088.51 New State House fund.. 423,236.84 The total receipts to the general fund for the fiscal year ending Oct. 31, 1882 $1,260,401.64 Receipts to common school fund... 125.02 Receipts of the school revenue for tuition fund'. 1,863,219. 4 Receipts of the college fund 12,467.21 Receipts of the college fund interest 6,400.71 Receipts of the swamp land fund.. 635.99 Receipts of unclaimed estates 817.46 Receipts of new State House fund. 35“,063.' 2 Total receipts to all the funds during the year53',502.130.02 DISBURSEMENTS. Total amount of warrants drawn on general funds 1,436,900.65 School revenues for Trustees 1,879,726.08 College fund 11,675.00 College fund interest 6,370 66 Fund of unclaimed estates 723.42 Swamp land fund 29.00 Three per cent, f und 1,995.40 New State House fund 207,291.48 Total amount of warrants issued during the year on allthefnnds.. 8,544,711.60 Deduct ain’t, of transfer warrants. 434,286.99 Leaves net disbursements from treasury during the year $3,110,424.70 SUMMARY. Balance cash in treasury Nov. 1, 1881 $74‘,650.72 Add cash receipts during the year' 3,067,843.50 Makes total of receipts and balance $3,808,49-4.2! Deduct net cash disbursements during the year.. ■ ’,110,124.70 Makes cash balance chargeable Bgn’st treasury, Oct. 31,1882 $698,069.52 THE STATZ DEBT. The following st itement shows the condition of the foreign and domestics debt of the State, Oct 81, 1882: FORI lON DEBT. Five per cent, stock outstanding.*...s 14,469 90 Two and one-half per cent. sto ks outstanding 2,355.’13 Five per ce it. bonds held by a d piyable to the Brooklyn Savings Bank, of Brooklyn, N. Y.. due Dec. 1, 18.89, but payable at the pleasure of the State I after April 1, 1884 209,000.00

Five per cent, bonds payable on the same conditions through Winslow, Lanier <fc Co., of New York city 385,000.00 Five per cent, non-negotia-ble bonds, held by Purdue University, due April 1,1901 340,000.00 Twenty-fonr internal improvement bonds, past due 24,000.00 Six 5 per cent, internal improvement bonds, due July 1,1886, held by the Unite ! States 6,000.00 Total $ 971,835.12 DOMESTIC DEBT. Six per cent, non-negotiable bond'’, due the common school fund, interest payable semi-annually, April io and Oct. 10, to the school revenue for tuition fund 3,904,783.22 Total debt of the 5tate54,876,608.34 The Auditor’s estimated expenses for the years of 1884 and 1885 is, for the executive and administra ion expenses in 1884, $68,170, and in 1885, $68,770; judiciary expenses for 1884, $187,200 and the' same for 1885. The estimated expenses for educational institutions is $28,500 for 1884 and the same for the following year. For the benevolent in-: stitutions it is estimated that it will, during each of the two years take $317,000 to maintain them. The penal and reformatory institutions are set down with $211,500 each year. For public printing and advertising it is estimated that $12,000 will be necessary for 1884, and $24,000 for the year 1885. For miscellaneous expenses, including interest on non-negotiable and temporary loan bonds, it will take $281,000 in 1884 and the same amount in 1885. It is estimated that for fuel, light, w’ater and the State Board of Equalization there will have to be an outlay of $8,500 in 1884 and the same sum for the year 1885. For Legislature in 1885, $120,000. The above estimated expenses foot up for the year 1884, a total of $1,113.87, and in the year 1885, a total of $1,246,470. The appropriations made by the last Legislature were in every instance sufficient, except that of the office expenses of the Supreme Court, public printing and Sheriff’s mileage, which last appropriation was $20,000, which was found to be sufficient to convey convicts to the two prisons. Not a single account of the 160 accounts was overdrawn.