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INDIANA
STATE LIBRARY



Digitized by the Internet Archive

in 2010 with funding from

Institute of Museum and Library Services under the provisions of the Library Services and Technology Act; Lyrasis



http://www.archive.org/details/documentaryjourn1854indi



D'OCUMENTS



OF THE



(lENERAL ASSEMBLY OF INDIANA



AT TMB



THIRTY-EIGHTH SESSION,



BEGUN ON THE 4th DAY OF JANUARY A. D. 1855.



PART FIRST.



INDIAN APOLIIS:

AUSTIN H . BROWN, S T A T R 1^ U I N 'f B R

18 5 5.



1 ^4



WHDIANA STATE LUl&AaX



\ ^T tT ^ ^



/.

ANNUAL REPORT



OF THE



AUDITOR OF STATE



FOR THE



STATE OF INDIANA.



S lOWlNG THK RECEIPTS AiND DISBURSEMENTS OF THE TRE \SUKY DEPARTMKNS
FOR THE FISCAL YE\R ENDING OCTOBR 31, 1^54.



TO THE GE>fERAL ASSEMBLY.



INDIANAPOLIS:

AUSTIN H . BROWN, STATE PRINTER
1855.



REPORT



Office of State Auditor,
Indianapolis, Nov. 1, 1854.



To the General Asseynbly



In compliance with the law requiring the Auditor of State *' to
exhibit to the General Assembly, at its biennial meeting, a complete
statement of the revenues, taxables, funds, resources, incomes and
property of the State, known to his otRce, and of the public rev-
enues and expenditures of the preceding fiscal year, with a detailed
estimate of the expenditures to be defrayed from the treasury for
the ensuing two years," &c., the following statement is respectfully
submitted, showing the operations of this department for the fiscal
year ending October 31st, A. D. 1854, and the condition of the
finances at said date.

The several items are set forth under the following heads :



o



I. A General Statement of the Receipts and Expenditures of the
Slate during the fiscal year.

II. A Statement, of the several Appropriations, and of the amounts
e.xpe7ided, balances unexpended, and Appropriations overdrawn.

III. The condition of the State Debt, foreign and domestic.

IV. The condition of the various Trust Funds, their receipts and
expenditures, Loan Accounts, and the Appropr'iations for the Benev-
olent Institutions of the State.

V. Agricultural products in the State for the year ending \st of
January, A. D., 1854.



4

VI. The Common School Fund, its operations foi- the year ending
\st of March, 1S54, and the distribution of the Fund at the State
Treasjiry, under the Consolidation Act.

VII. The Wabash and Erie Canal.

VIII. Indiana Swamj) Lands.

IX. Showing a short historical sketch of the State of Indiana.
The names of the county seats, and their course and distance from
Indianapolis. Senators and Represntatives in Congress from Indi-
ana since its admission into the Union. Governors and Lieutenant
Governors, Speakers of the House of Representatives, and other State
Officers, from ISIG down to the year 1854, together with the Execu-
tive and Judicial Officers for the year A. D., 1854, and their salaries.

X. Free Banking operations.

XI. General Remarks, including the estimate of Expenditures for
the two ensuing financial years, and. other matters of interest to the
State.

XII. Appendix, containing the usual Tables and Abstracts,



NUMBER I.

A GENERAL STATEMENT of ike receipts and expenditures
durlnrr the fiscal year from November Is/, A. 1). 1853, to October
3Ut, A. D. 1S54.

Total receipts into the Treasury from all sources

during the fiscal year $2,094,818 03

Add balance on hand, Nov. 1, 1853, 514,357 90

Makes grand total $2,609,175 93

Total amount of warrants paid at the State

Treasury during the fiscal year. .$1,645,544 95

Leaves balance on hand Nov. 1, 1854, $963 630 93



GENERAL FUND.

Receipts.

From revenue 1853 • $519,161 32

From revenue 1852 75 52

From delinquent revenue 1853 17,330 80

From delinquent revenue 1852 26,945 55

From interest on State debt 667 04

From State Library 11 00

$564,191 23

From Treasury fund • • $339 92

From sale Revised Statutes 786 50

From sale of Laws 58 00

From United States on account of

Militia 327 92

From sale of old State Prison 1,500 00

. 3,012 34

From Insane Hospital $16,947 38

From Deaf and Dumb Asylum- •.•■•• 727 29

From Blind Asylum S,624 15

* ^ — 26,298 82

From Free Banking $221 25

From miscellaneous items 10 00

From McGinley warrants 16,000 00

16,231 25

Total receipts of General Fund " $609,733 64



Disbursements.



On account of Revenue refunded- • • •

On account of Treasury fund

On account of Insane Hospital

On account of Blind Asylum

On account of Deaf and Dumb Asylum

On account of Revised Statutes

On account of State Prison

On account of new State Prison

On account of Judiciary

On account of Probate Judges

On account of Executive otficers

On account of Governor's House • • • •

On account of State Library

On acconnt of Governor's Circle

On account of equalization

On account of State House

On account of specific appropriations-
On account of fuel and stationery- • • -

On account of public printing

On account of militia

On account of contingent fund

On account of Prosecuting Attorney. -
On account of Free Banking

On account of interest and exchange-

On account of Porter's reports

On account of Attorney's fees

On account of Colonization of Negroes
On account of expenses of Supreme

Court '

On account of miscellaneous items- • • •



$3,979 14
1 35

56,617 67
33,599 03
30,380 45



$46 62

9,512 97

5,384 50

16,154 26

50 00

5,050 00

576 48

1,750 26

101 67



$7 50

1,013 82

645 50

3,240 38

6,111 61

418 09

1,264 86

3,417 38

J, 371 25



$124,577 Q4



$3,756 50
1,581 54
1,270 00

788 29

981 25
1,437 01



38,626 76



17,490 39



9,814 59



On account of interest on State debt- • $298,255 52
On account of salary "of State .\gent- • 2,506 95

On account of expenses of* Agency- • - 629 45



Total disbursements-



301,391 99
$491,901 30



4



Add deficiency of last year 32,734 G2

Total 524,635 92

Total receipts brought down 609,733 64

Deduct total disbursements 523,19S 91

Balance on hand Nov. 1, 1S54 $86,534 73



TOWNSHIP LIBRARY FUND.

'Receipts.

Amount on hand Nov. 1st., 1S53 ' $66,605 50

Taxes collected 1853 $97,160 44

Delinquent tax A. D. 1853 3,835 82

Delinquent tax A. D. 1852 3,717 31

104,713 57

Total $171,319 07



Disbursements.

Purchase of libraries and expenses 151,787 07

Balance on hand Nov. 1, 1854 $19,532 00

UNIVERSITY FUND.

Amount on hand Nov. 1, 1853 $7,861 40

Receipts.

On account of principal, loans refunded $8,151 51 '

On account of interest collected 4,571 11

12,722 62

Total $20,584 02

Disbursements.

On account of principal reloaned $16,338 00

On account of professors' salaries- • • • 5,300 00



On account of incidental expenses- • • ■ 814 64

On account of interest refunded 44 94



2^^,497 o8



Deficiency Nov. 1, 1S54 ■••■■ $1.9 13 56



COMMON SCHOOL FUM>.

Receipts.

On account of tax A. D. 1853 •. $230,037 41

On account of delinquent tax 1853 • • 6,506 13

On account of delinquent tax 1852 • • 9,334 19
On account of interest collected by Co.

Treasurers • 153,437 89



399,315 62



Total $399,315 62

Disbursements.

On account of distribution of fund $344,791 00

On account of expenses of fund, &c. • 3,874 78

On account of interest refunded 2,930 90

— 351,596 68



Balance on hand Nov. 1, A. D. 1854 $47,718 94



The following items comprise that portion of the " Common
hool Fund
urer's office



School Fund" which is received and disbursed through the Treas



SAMNE FLND.

Amount on hand Nov. I, 1853 $3,623 54

Receipts.

From loans of principal refunded- • • • $2,457 05

From interest on loan 1,383 71

From damages on sales of land 12 50

From costs of advertising 2 00

3,855 26

Total $7,478 80



9

Disbursements.

On account of amount distributed to ^

counties - $3,859 00

On account of expenses of fund 396 64

On account of interest refunded 36 75

4,292 39

Bal. on hand Nov. 1, A. D. 1854 $3,186 41



BANK TAX FUND.

Amount on hand Nov. 1, A. D. 1853 $3,995 56

Receipts.

Principal refunded, &c. • •. • • • $4,471 41

From interest received 414 32

4,885 73

Total $8,881 29

Disbursemen's.

Account of distribution to counties- • • $4,497 00

Account of expenses of fund 177 30

4,674 30

Bal. on hand Nov. 1, A. D. 1854 $4,206 99



CONGRESSIONAL TOWNSHIP FUND.

Amount on hand Nov. 1, A. D. 1853, $171 96

Receipts.

From principal refunded $250 OC

From interest collected 77 23

327 23



Total $499 19

Disbursements.

On account of amount distributed • • • $474 96

On account of interest refunded 4 20

$479 16

Bal. on hand Nov. 1, 1854 $20 03



10

SURPLUS REVENUE FUND.

Amount on hand Nov. 1, 1854 $613 52

Receipts.

From interest collected 192 58

Total $806 10

Disbursements.

On account of distribution of fund $613 51

Bal. on hand Nov. 1, A. D. 1854 $ 192 59

COUNTY SEMINARY FUND.

Amount on hand Nov. 1, A. D. 1853 $445 40

No receipts or disbursements of this fund during the year.

There is a balance due from the State Treasury or general fund,
to the common school fund, in addition to the above, of the sum
of $780,624 36, on account of redemption of five per cent.
Treasury Notes. This item of the Common School Fund is un-
productive, and will remain so until reimbursed by taxation."

MICHIGAN ROAD FUND.

Amount received on sale of land $137 83

No disbursements during the year.

SWAMP LAND FUND.

Amount on hand Nov. 1, A. D. 1854 $230,608 94

Receipts.
On account of sales of lands during fiscal year • • • • 385,892 32
Total $616,501 26

Disbursements.

Amount of expenses and drainage 217,669 65

Bal. on hand Nov. 1, A. D. 1854, $398,831 61



II

THREE PER CENT. FUND.

Amount on hand Nov. 1, A. D. 1S53 $321 81

No receipts during the year.

Disbursements.
On account of distribution of fund 289 68

Bal. on hand Nov. 1, A. D. lSo4 $32 13

STATE DEBT SINKING F U D.

Amount of Fund on hand Nov. 1, 1853 $5,480 43

Receipts.

On account of tax A. D. 1853 $50,270 61

On account of delinquent tax 1853' • • 1,236 27

On account of dividends on stock- • ■ • 843 65

52,360 53

Total $57,840 96

Disbursements.

On account of purchase of 5 per cent.

stocks ; .$40,000 00

On account of purchase of 2^ percent.

stocks 33,920 00

On account of expense'of fund 99 15

74,019 15

Makes deficiency Nov. 1, 1854, of $16,178 19

WABASH AND ERIE CANAL.

Amount on hand Nov. 1, A. D. 1853 $223,594 47

Receipts.

On account of tolls and w^ater rents- • $187,150 50

On account of lands west of Tippe- ►

canoe 60,619 74

On account of lands in Vincennes dis-
trict ■• 270,860 86

On account of interest on deposits- - • 2,050 00

520,681 iO

Total $744,275 57



12

Disbursements.

On account general expenses $18,174 78

On account ordinary repairs 76,908 07

On account extraordinary repairs 14,353 95

On account of bridges 1,090 38

On account of superintendence 7,843 10

On account of costs of collection 8,344 94

For construction :

From Terre Haute to Point Commerce, 20,480 10

From Newberry to Maysville- •' 1,961 00

From Maysville"^ to Petersburg!! 3,357 40

From Petersburgh to Evansville 96,814 59

Damages and water power 6,229 82

Expense of engineering 5,468 09

Clinton drawbridge 3,314 45

Expense land office at Logansport- • • • • 2,233 27

Expense land office at Washington- • ■ • 1,768 55

Expense of office, house and lot 3,967 39

Interest and exchange > « 52,5 '4 60



325,724 48
BaL on hand Nov. 1, A. D. 1854 $418,551 09



RECAPITULATION.

Receipts. ,

On account of the general fund $609,733 64

On ac -ount of library fund 104,713 57

On account of University fund 12,722 62

On account of Common School fund 399,315 62

On account of Saline fund • 3,855 26

On account of Bank Tax fund "• • • 4,885 73

On account of Congressional Township fund 327 23

On account of Surplus Revenue fund 192 58

On account of Michigan Road fund 137 83

On account of Swamp Land fund 385,892 32

On account of State Debt Sinking fund 52,360 53

On account of Wabash and Erie Canal 520,681 10

Total Receipts $2,094,818 03

Add bal. on hand Nov. 1, 1854 514,357 90

Grand Total $2,609,175 93

Disbursements.

On account of general fund ^491,901 30

On account of University fund- • • • 22,497 58



13 •

On account of Common School fund 351,596 68

On account of Saline fund 4,292 39

On account of Bank Tax fund 4,674 30

On account of Congressional Township fund 479 16

On account of Surplus Revenue fund 61351

On account of Swamp Land fund 217,669 63

On account of Three Per Cent, fund 289 68

On account of State Debt Sinking fund 74,019 15

On account of Wabash and Erie Canal 325,724 48

On account of Township Library fund 151,787 07



Total $1,645, 544 95

And which deducted from total receipts leaves bal-
ance on hand as before stated $963,630 98



14



NUiMBER II



i STATEMENT of the several appropriations, and of the amounts
expended, balances unexpended, and appropriations overdrawn for
the fiscal year ending October ^\st, A. D. 1854. Also including
receipts from other sources.



On what ac-ount Appropriations made.



Executive

Judiciary

Publif Printing

Probate Judges

. Specific Appropriatiuns

>tate House

State Library

Militia

Governor's House

Fuel and stationery

State Prison

Distributing Laws

Transportation of U. S. Arms.

Contingent Fund

Governors Ciicle

Prorecui.ing Attorneys

Miscellaneous

Blind Asylum

Deaf and Dumb Asylum

Insane Hospital

Colonization of Negroes

Attorney's fees*

Supreme Court*

Vew State Prison



Grand Total.



c . = o



jn,811 75
22 930 00
15,210 8G



2,825 70
500 00

1,478 48
627 02
5(10 00

3,000 00

3,000 00
826 39
200 00

2,629 29
106 88

3,000 00

3,000 dO
33,624 15
3(1,102 38
54,825 34

5.000 00



6,000 00



$201 219 14









5,050 00

16,154 26

6 111 61

■ 50 00

645 50

1,1^3 82

1,750 26

418 09

576 48

3.240 38

9,788 97



1,264 86

101 67

3 417 38

3.072 67

33.599 03

30,380 45

56,617 67

788 29

1.270 00

981 25

5,108 50

181,401 14



»32.57] 13






6 761 75




6,795 74




9,099 25




50 00


2,180 20


513 82
"71 78




209 S3






76 48




"40 3S




6,788 97.


826 39


200 00




1,364 43
5 21








417 38




:2 67


25 12






278 07




1 792 33


4 ''ll 71






1,270 00




981 25


891 50







$12,753 13



*These items should properly be considered as "Contingent," and classed with that Fund.

Auditor.



15

NUMBER in.

STATE DEBT AND STAIE STOCKS.

The t'ollovving brief explanations of the adjustment of the State
Debt in 1846 and 1847, and of the nature of different descriptions
of State stocks are compiled from the last annual report:

I'he nature of the State Debt arrangement of 1846 and 1847 is
so little understood, and purchasers of stocks are so frequently im-
posed upon, through want of information as to the liability of the
State, for the ditierent descriptions of stock, that a few words of
explanation are deemed necessary and proper in this connection.

The basis of the arrangement was to release the State from all
liability for the payment of principal or interest on one-half of the
outstanding debt, and to make such moiety of the debt chargeable
alone ibr its redemption upon the Wabash and Erie canal, its lands
and revenues. The old bonds were to be surrendered, and new
one issued, for the the State's portion of the debt, as follows:

First — for one half of the principal of the bond surrendered, to
bear interest at four per cent, up to January, 1853, and five per
cent, thereafter, constituting Slate Jive per cent, stock.

Second — For one-half the interest on the bond surrendered, and
the difference between four and five per cent, on the principal to
1853; the new bond bearing interest at the rate of two and one-
half per cent, per annum, from the first day of January, 1853, con-
stituting " two and a half per cent. State deferred Stock."

The above are the only stocks upon which the State is bound to
pay either principal or interest, under the arrangement.

The canal stocks are divided into two classes, Pre/errerf stocks,
and Deferred stocks. The former are issued to the holder of orig-
inal bonds, who, at the time of surrendering the same, subscribed
to the loan for the completion of the canal, and are entitled to
preference in payment, both of principal and interest. The defer-
red stocks are issued to the holder of original bonds at the time of
their surrender, who did not subscribe to the loan for the canal,
and payment is therefore postponed or deferred, until the preferred
stocks are entirely liquidated.

Two sets of stocks are issued in both of these cases, as in the case
ot State stocks; one for principal, bearing five pei- cent, interest,
and the other for interest, bearing two and one-half per cent, inter-
est. The Ibrmer are termed "five per centum preferred canal
stocks," or "five per centum dtfe>red canal stocks," as the case may
be ; and the latter, " two and a half per cent, special preferred canal
stock," or " two and a half per cent, special deferred canal stock."

For the payment of interest or principal on these canal stocks,
St may be proper to repeat, the State is in no wise bound. The
revenues of the canal are appropriated by the Trustees, under the



16

act, to the payment oi liabilities incurred or assumed by the frust,
in the following order, as prescribed in section ten of the act sup-
plementary to "An act to provide for the ("unded debt of the State
of Indiana," approved January 27, 1847. The section is here
copied in full, for the benefit of all interested:

Section 10. That in lieu and stead of the scale of distribution
and application, as in the eighth and thirteenth sections of the said
act directed, of the tolls and revenues of said canal, after defraying
all needful and proper expenditures for repairs, attendance, and
other necessary things appertaining thereto, which shall be first
paid, anything in the said former act, or this act, to the contrary
notwithstanding; and of the produce of the said canal lands, sold
and unsold, the same shall be held and applied by said trustees, in
trust and security, for the use and purposes following, that is to say :

First. In payment of the work, labor, and materials, or con-
tracts for the supply of work, labor or materials, to be done and
furnished in and about the further prosecution and construction of
the said canal and works, until the same shall have been fully com-
pleted to Evansville, as the moneys to be paid for the same shall,
from time to time, become due and payable ; but not by way of
anticipation, and of all needful and proper expenditure for repairs,,
attendance, and other causes, save and except so far as regards the
existing tolls and revenues of the said canal, which are hereinafter
declared to be expressly appropriated for and towards the payment
of interest, at six per centum per annum, on the sums to be sub-
scribed, for the completion of the said canal and works, and which
existing tolls and revenues are hereby declared to be excepted from
the operation of ihis clause to that extent ;

Secondly. In payment of interest after the rate of six per centum
per annum, on the sums to be respectively advanced by the hold-
ers of certificates to the said trustees, from time to time, in aid of
the completion of the said canal and works, and to be computed from
the respective times of advancing and paying such principal sums
respectively, such interest to be payable in the city of New York,
by equal half-yearly payments, on the first day of .January and the
first day of July, in each and every year, the first half-yeaiiy pay-
ment to be made on the first day of January, 184S;

Thirdly. In payment in full of the principal sums advanced, or
to be advanced by the holders of certificates subscribing as afore-
said, for and towards the completion of the said canal and works,
and from time to time remaining due;

Fourthly. In payment in full to the subscribers making the said
advances, or to their assignees, of interest, at and after the rate of
five per centum per annum, on the moiety of the principal of the
bonds, which they may have surrended and exchanged for certifi-
cates as aforesaid, such interest being, to be computed from the said
first day of January, 1847 ;



17

Fift/i/ij. In payment in full lo the subscribers making such ad-
vances, or their assigns, of the principal of the special stock to be
issued to cover the arrears of interest due and accruing from the
first day of January, 1 841, to the first day of January, 1847, as fast
as the same can be done, with interest on the same, at and after
the rate of five per centum per annum, to be computed from the
first day of Januarj', 1843;

Sixthly In payment in full to the subscribers making the said
advance, or to their assigns, of the principal money secured by
each such certificate, -o charged over against the canal lands, and
the tolls and revenues of said canal ;

Seventhly. In payment in full to the other holders of any cer-
tificates of stock by the said act directed to be issued and charo-ed
as aforesaid, (such h<dder not being a subscriber to the said advance,)
or their assigns, of interest at and after the rate oi five per centum
per annum, on the amount of the principal thereof;

Eighthly. In payment in full to the holders of certificates of
special stock to be issued and charged as aforesaid, (such holders
not being sub-icribers to the said advance,) or their assigns, of the
principal of such special stock, with interest on the same, at and
after the rate of five per centum per annum, to be computed from
the said first day of January, 1853;

Ninthly. In payment in full to the holders of such last men-
tioned certificates, (not being subscribers,) or their assio-ns, of the
amount of the principal thereof respectively ;

Tentldy. To pay into the Treasury of the State, any surplus or
balance which may remain in the hands of the said trustees, after
making the several payments in the nine preceding classes men-
tioned ; and it is hereby declared that such sums shall, from time
to time, be paid and applied as soon as conveniently may be after
the receipt thereof; saving the just rights of the holders of bonds
now outstanding, and known as the Wabash and Erie Canal Bonds,
as provided for in the eighth section of this act; Provided, That
after the payment in full of said subscribers or their assignsas afore-
said, the holder or holders of any certificate whose, or whose as-
signor's bond or bonds were surrendered and cancelled, as in the
said original act and this supplement is provided, on or before th^
first day of May, 1850, shall be entitled to the same preference and
priority in the payment thereof, and to be paid in the same manner,
as is provided for the payment of said subscribers to said advance,
and their assigns, according to the time of such surrender and can-
cellation ; anything in this or the said original act to the contrary
notwithstanding. And provided, That all payments of principal
and interest to be made under or by virtue of this act, or the said
recited act, amongst the said several classes of subscribers or hold-
ers of certificates, (as the case may be,) shall be made pro rata
amongst the subscribers and holders of certificates in each such
class, in the order and priority of payment given or intended to be
given to each such class respectively, as aforesaid, first paying, in full
2AR



18

those first entitled, and so on, (odes quoties ; and no interest shall
at anv time be charged upon any semi-annual deficit of interest
which the revenues of the canal shall fail to pay. Provided, alsOy
That the proceeds of sales of the lands in the Vincennes land dis-
trict shall be applied only to the construction of the canal from
Terre Haute to Evansville, or to the re-payment of the cash advan-
ces made by the bond holders for that purpose, until the said canal
shall have been completed. The trust hereby created shall cease
and determine, upon the payment of the principal of said certifi-
cates, which are hereby authorized to be paid out of the proceeds
of said canal, at any time after twenty years from the passage of
this act; and the State hereby reserves the right to redeem any of
such certificates at any time twenty years after the passage of this



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