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Annual reports of the officers of state of the State of Indiana online

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DOCUMENTS



Of THB



SENERMi ASSEMBLY OF INDIANA.



AT THE



THIRTY-FIFTH SESSION,



oomnRono



DECEIIBEB 30, 1850.



VABI VIX8T.



9T AUTBORITT.



INDIANAPOLISi

I. P. CHAPMAN, STATE PRINTER.
1851.



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CONTENTS-



PART I.

Annual Report of Auditor of State, - • . - .

Governor's Annual Message, . . . . «

Annual Report of the Treasurer of State, .... i;

Annual Report of the Secretary of State, . . » H

Annual Report of the Warden of tlte Stiat* PrUoot - - li

Report of the Auditor of Slate, relative to enumeration of

white male inhabitants, 17

Veto Message of Gov. Wright — Terre Haute and Richmond

Railroad bill, 18

Report of Superintendent of New Albany and Vincennes

Road, 19!

Report of committee of H. R. relative to further appropria-
tions to defray ex^eitfei of ito ConvaatLon,. - • - 20]
Report of the Visiter to the State Prison,. - • - 20i
Veto Message of Gov. Wright of House Bill No. 366, (Ses-
sion of 1849-50,) 217

Report of the Superintendeati ot GbnulKMi Schools, * 225
Report of the Commissioners and Superintendent of Hos-
pital for the Insane, 233

Memorial of M. and h Railroad Company, • . - 265

Report of the State Bank, ^ .. . . . . 273

Report of the committee of Wdys and Means, ^ * 281



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ANNUAL RETORT

S



OF



THE AUDITOE OF STATE



OF THK



STATE OF INDIANA,



showihg



THB &BCBIFTS AND DISBURSEMENTS AT THE TREASURY DEPART-
MENT FOR THE FISCAL YEAR ENDING OCTOBER 31, 1850.



INDIANAPOLIS:

J. P. CHAPMAN, STATE PRINTER

1850.



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REPORT.



AtTDlTOtl OF STATE'S OFFICE, )

Indianapolis, Novsxbsr 20, 1850. \

To the General Assembly:

In compliance with the law requiring the Auditor of State '' to
exhibit to the General Assembly, at its annual meeting, a complete
statement of the revenues, taxables, funds, resources, incomes, and
property of the State," as well as *' the expenditures of the preceding
fiscal year,** the following statement is respectfully submitted, show-
mg the operations of the Treasury Department for the fiscal year
ending October Slst, 1850, and the condition of the finances at said
date.
The several items are presented under the following heads:

I. A General Statement of the Receipts and Expenditures of the
State dttring the Fiscal Year.

II. A Statement of the several Appfxpi'iaiums and of the Amount ear-
pendedf Balances unexpended^ and Appropriations overdrawn.

III. The Condition of the State Debt, Foreign and Domestic.

IV. A Statement in detail of the Receipts and Expenditures of the
various Trust Funds^ and the Funds appropriated for the Benevo-
lent Institutions,

y. Internal Improvements.

VI. General Remarks.

VII. Appendix.



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I. A GENERAL STATEMENT of the Receipts and Eipenditnree
doriDK the flnaacial year 1850*



RECEIPTS.

Balance remaining in the Treasury at the close of

the last fiscal year, Oct 31, 1849, $428,941 19

The following sums were received during the financial
year which closed Oct. 31, 1850, to-wit:

REVENUE.

On account of Revenue of 1843, 322 80

On account of Revenue of 1846, 557 61

On account of Revenue of 1847, 100 00

On account of Revenue of 1848, Delinquent, 35,367 17

On account of Revenue of 1849, 415,114 59

On account of Revenue of 1850, 4,102 33

On account of Revenue of 1849, Delinquent, 165 52

UNIVERSITY FUND.

On account of Loans refunded. 4,730 60

On account of Sales of Land, Principal, 129 61

On account of Sales of Land, Interest, 383 91

On account of Interest on Loans, 4,230 92

On account of Costs of advertising refunded, 2 00

BANK TAX FUND.

On account of Loans refunded, 395 00

On account of Interest en Loans, 515 54

On account of State Bank Assessment, 1,073 65

SURPLUS REVENUE FUND.

On account of Loans refunded,- • • 1,282 45

On account of Interest on Loans, 515 39

t

SALINE FUND.

On account of Loans refunded, • 1,804 89

On account of Interest on Loans, 1,488 83

On account of Damages on forfeited Lands, 19 00

On account of Sales of Saline Lands, Principal, 1^75 08

On account of Sales of Saline Lands, Interest, 311 65



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CONGRESSIONAL TOWNSHIP FUND.

On account of Loans refanded, ''^^22

On account of Interest on Loans, 101 75

TRBASVaT FUND.

On account of Interest on Loans, 35 46

COMMON SCHOOL FUND.

On account of Profits of State Bank, 55,863 00

INDIANAPOLIS LOTS.

On account of Sales of Lots, 281 25

HOSPITAL FOR THE INSANE.

On account of Sales of Lots, 699 97

On account of Loan from Bank, 13,000 00

DEAF AND DUMB ASTLUM.

On account of Loan from Bank,- • : 1»476 50

MADISON AND INDIANAPOLIS RAIL ROAD.

On account of Dividend on Stock, 1429 50

state's prison.

On account of Sale of Old Prison, 709 64

On account of Rent of Prison, 10,433 28

On account of Fees refunded, 2 50

NORTHERN DIVISION OF CENTRAL CANAL.

On account of Water Rents, 2,165 74

LAWRBNCEBUROH AND INDIANAPOLIS RAIL ROAD.

On account of Loan to Company, 2,061 96

NEW ALBANY AND VINCENNES ROAD.

On account of Tolls, 12,621 97



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ESTATES WITHOUT HJSUtS.

On ftecount of Estates without Heira, 200 89

REVISED STATUTES.

On account of Sales of, 65 55

WABASH AND ERIE CANAL BY TRUSTEES.

On account of Tolls and Water Rents, 252,473 01

On account of Subsciiption by Bondholders, 407,850 00

On account of Canal Lands, L. & W. of Tippecanoe, 56^635 32

On account of Canal Lands, Vincennes District,* • • • 75,422 56

On account of Interest and Exchange, 25,1 14 81

On account of Error in Disbursements, * 553 00

On account of Canal Scrip, West of Tippecanoe,* • • 22,490 00

On account of Canal Scrip, East, Principal, 12,999 88

On account of Canal Scrip, East, Interest, 3,61 1 03

MISCELLANEOUS.

On account of Public Printing refunded, 216 00

On account of Miscellaneous Items, 100 67

On account of Suspended Debt, 50 00

On account of Insurance Tax, 116 00

Total amount of Receipts from Nov. Ist, 1849 to Oct.

31, 1850, inclusive, $1,432,442 78

Add balance in Treasury Nov. 1, 1849, 428,941 19

Grand Total of Receipts, •* $1,861,383 97



EXPENDITURES.

There were audited during the financial year ending October 31st,
1850, the following sums, to-wit:

ORDmART EXPENSES.

On account of Probate Judges, 4,796 00

On account of Supreme and Circuit Judges, 14,910 81

On account of State House, 588 71

On account of Specific Appropriations, 3,114 29

On account of Public Printing, Paper and Binding,* • 11,522 49



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On accouat of Legislative Expenses, 31,010 64

On account of State Libi-ary, 964 81

On account of The Militia, ' ,539 17

On account of Stationery and Fuel, 3,453 13

On account of Executire Def)artment, 5,877 93

On account of Contingent Fund, to-wit:

To Jas. Hughes, Att'y in the McGinley case, $400 00

To Walpole & Quarles, Attorneys in the

McGinley case, 400 00

To Snml. H. Buskirk, arbitrator, 105 76

Transcript of McGinley case,- 96 50

Postage account, 272 38

Sundry allowances by Gov* Wright, 491 67

— — — 1,765 30

On account of Governor's Circle, 585 34

On account of Governor's House, 1,309 56

On account of TranspU of Public Arms, 79 75

On account of State's Prison, 3,606 63

On account of Distributing Laws and Journals, 551 54

PVBI.IC UfiBT.

On account of Interest for January and July, 188,595 00

On account of Salary and Expenses of Agency to

close of CoUins's term, 5»9U 37

On account of Salary of Agent, Col. May, 1,434 93

On account of Expenses of Agency, 149 66

TBEASUay NOTBS.

On account of Five per cents, cancelled, 46,410 00

On account of Interest on i»aine» 16,150 68

On account of Six per cents, cancelled, 86,000 00

On aoooanl of Interest on same, 43,067 36

Ob aooonnt of Quarter per centau cancelled* 15?,165 00

On account of Interest on same, 303 76

Da account of Incidental Expenses of • • • • 3C1 00

LNiVBBSlTY FUND.

On aeoount of Loans, ^ 10,074 00

On account of Interest refunded, ^ ^

Oto account of Damages on Sales of Lands,- • 278 14

Oa account of Expenses of Fund, 358 96

On account of Professors' Salaries, 3,700 00



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SALINE FUND.



On account of Damages, 431 08

On account of Distribution of Fund, 6,708 80

On account of Purchase of Bank Stock, 550 OO

On account of Expenses of Fund, 75 65



BANK TAX FUND.



On account of Distribution of Fund, 3,583 18

On account of Damages, 41 78



SURPLUS REVKNUS FUND.



On account of Loans, 500 00

On account of Distribution of Fund, 342 02

OONORBSSIONAL TOWNSHIP FUND.

On account of Loans, 253 30

On account of Fund distributed, 57 30

TREASURY FUND.

On account of Damages on Loans, 28 64

CENTRAL CANAL NORTHERN DIVISION.

On account of Repairs, • 2,548 58

On account of Incidental Expenses, 1,005 56

NEW ALBANY 4c VINCBNNBS ROAD.

On account of Construction, 3,196 02

On account of Repairs, 6,193 61

On account of Contingent Expenses, 2,328 85

On account of Damages, 1 00

MISCELLANEOUS.

On account of Estates without Heirs, 292 81

On account of New State's Prison, 12,935 90

On account of M. & I. Rail Road Stock, 8,012 33

On account of Interest on State Bonds, 75 00

On account of Revenue Refunded, 1^50 62

On account of Constitutional Convention, 1,014 48

On account of W. & E. Canal, 613 50



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BSVfeTOtBNT I58TITVTIOKS.

On aecooni of Deaf & Dumb Asylum, * 27^979 9S

On mcooont of Blind Asylum, 11,781 09

Oo account of Insane Hospital, 32,501 33

On aecooDt of Superintendent of Insane Hospital,- • - 1,500 00

JKFFBKSONVILIiB Ib CBAWFORDSVILLB ROAD.

On acconni of Construction, 16,000 00

On account of Incidental Expenses, 722 00

WABASH IB BRIB CAlf AI. BT TBV8TBBS.

On account of General Expenses of Trustees, 28,675 65

On account of Expenses of Land OflSce, Vincennes

District, 1,662 24

On account of Expenses of Land Office E. and W.

Tippecanoe, 4.192 68

On account of Ordinary Repairs, 54,871 74

On account of Extraordinary Repairs,- • 35,255 29

On account of Surveys and Locating, 20,396 48

On acconntof Construction, Coal creek to Terre Haute, 75,€34 38
On account of Construction, Terre Haute to Pt. Com-
merce, 184,213 07

On account of Construction, Pt. Commerce to New-
bury, 1204209 87

On account of Construction, Newbury to Maysville, 71,550 25

On account of Construction South of Maysville,* • • • 151,444 26

On account of Damages and Water Power, 6,780 50

On account of Superintendence, , . . . . 9,149 17

On account of Expense of Collection, 7,542 59

On account of Interest to Bondholders, 53,409 68



WABASH Ic ERIB CANAL SCRIP.

On account of Incidental Expenses, Scrip East,* • • • 45 00

On account of Incidental Expenses, Scrip West,- • • « 27 00

On account of Scrip East, Principal cancelled, 25,453 01

On account of Scrip East, Interest cancelled, 6,056 70

On account of Scrip West cancelled, 15,845 00

Whole amount audited during financial year 1850,
warrants No. 4154 to No. 5202, inclusive, $1,51 3,534 04



IDi



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10
RECAPITULATION.

Balance in Treasury, Oct. 31, 1849 496,941 19

Receipts for 1850, 1,433,44S 78

Deduct Warrants as above 1,513,534 04

Balance in Treasury Oct. 31, 1850, $347349 93



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II. STNOFSn of tli« AFFroFrtoUoBt of
1849^ aft4 showimf amoaata OTerArawB,



10MS iBclttdiBf BaUseot of
Mid VBexpendedf Oct. Sltt,



Apfrmia-

tionsf^r *50

inclmiing

1849.



Ezp4u4iir*M
I/18S0.



Umnwtud



,Am»iiU


1,476 Si


573 48


«;W7 71


881 M


S18 44
18 80
314 17
963 84


68167


184 19


07 3S


^34



Legi«l«tnn, •
BzecutiTtt,
Jadiciarr,

Sftme ovenlrawD In 1849,
PdMIc Printing, •
Bune ovenlrmwa In 1849.
Prob&to Jnd«e«, •
Same ovetdmwn in 1849,
Specific Appropriation*,
StoteHottse,
SUte labrarr,
XiHtia, . ' . . .
Oov«»OT*a Roamt,
Stationery and Fnel,
8ain« OTenlrawn for 1849,
SUtoPriaon, • •

Biatribtttion «>r Lawa and Jonmaia,
Same ovenlrawn for 1849^
Ttmnapt. of Pnblic Anna,
Same OTeidrawn for 1849,
Cooti nyent Fnnd, -
me ovenlxiaK



awn for 1849,
OoTer«or*a Circle,
State Comreation,



•89,834 14


•3>>)]0 64




5,877 93


16,500 69


144110 81




9,169 67


6,716 00


11,599 49




1,471 99


4,900 00


4,795 00




566 00


4,797 38


3,11490 00

Stock to non-subscribers for one-half of coupons on

Bonds surrendered to Aug. 5, 1850, 87 50

Total 2i per cent. State Stock issued to August 5,

1850, $1,736,727 50

Deduct for 2} per cent, stock redeemed up to August
5, 185J, 20,000 00

Total 2i per cent, stock outstanding Ai^st 5, 1850, $1,716,727 50



Preferred Five Per Cent. Canal Stock.

The amount of one-half the principal of Bonds surrendered
chargeable to the canal, for which 5 per cent Stock issued to sub*
scribers of $800,000 to canal, is as follows, viz:

Slock to subscribers prior to July 1st, 1847, $3,782,500

Stock to subscribers to July 1st, 1848, 357,000

Total preferred Canal Stock issued to Aug. 5, 1850> $4,079,500



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Deferred Five Per Ceni. Canal Stock.

The amouQt of one-half the prtDcipal of Bonds surrendered
chargeable to isanal, for which 5 per cent, stock imued to non^sulh
9criier8 to $800,000 loan to canal, is as follows, vi2:

Stock to noQ-sobscribers prior to July 1st, 1847,- • • • $344,000

Stock to non-sobscribers to Jan. Ist, 1848, 106,000

Stock to non-subsoribers to July 1st, 1848, 49,500

Stock to non-subscribers to July 1st, 1849, 81,91K)

Stock to non-subscribers to Feb. 4th, 1850, 54,000

Stock to non-subscribers to Aug. 5th, 1850« 67,500

Total stock issued to Aug. 6th, 1850,. $702,000



Special Preferred Two <tnd One^Aalf Per Ceni. Canal Stock.

The annount of one^half of the interest on Wabash and Erie
Canal Bonds surrendered chargeable to canal, for whioh 3i per cent
stock issued to subscribers of $800,000, as loan to Canal, is as fol-
lows, viz:

Stock to subscribers prior to July 1st, 1847, $1,106,735

Stock to subscribers to July 1st, 1848, 98,950

Stock to subscribers for one-half of coupons surren-
dered to July 1st, 1848, 7,950

Stock to subscribers for one half of coupons surren-
dered to Aug. 5ih, 1850, 2,«25

Total issued to Aug. 5th. 1850, $1,216,250



Special Deferred Two and One-Zialf Per Cent. Canal Slftck.

The amount of one-half the interest on Wabash and Erie Canal
Bonds surrendered, chargeable to Canal, for which 2i per cent.
Stock issued to non-subscribers to loan of §800,000 to Canal, is as
follows, viz:

Slock to non-subscribers prior to July 1st, 1S47,. • • • $101,212 50

Stock to non-subscribers to January 1st, 1848, 30,587 50

Stock to non-«nbscrib«rs to Jnly 1st, 18^18, 13,725 (K)

IDS



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IB

Stock to non-sabscribersy for one-half the coupons, to

July Ist, 1848, 1,335 00

Stock to non-subscribers, to July 1st, 1849, 22,350 00

Stock to oon-subscribers to Feb. 4th, 1850, 15,950 00

Stock to noD-subscribers, foi one-half the coupons to

Feb. 4th, 1850, 2,762 50

Stock to non-subscribers to Aug. 5th, 1850, 19,500 00

Stock to non-subscribers for one-half of coupons to

Aug. 5th, 1850, 87 50

Total stock issued to Aug. 5th, 1850, #207,400 00



Recapiitilatunt of Stocks issued.

5 per cent. State Stock, $4,781^00 00

24 per cent State Stock, 1,736.727 50

5 per cent, preferi-ed Canal Stock, 4,079,500 00

5 per cent deferred Canal Stock, 702,000 CO

24 per cent special preferred Canal Stock, 1,216^250 00

24 per cent, special deferred Canal Stock, 207,400 00

■^l*^^"— .^ II I I IWI

Total stock issued to Auff. 5th, 1850, $12,723,377 50

Deduct 24 per cent Sute Stock redeemed, 20,000 00

Total ouutanding Aug. 5tht 1850, $12,703,377 50



Interest is paid by the State on State 5 per cents, only, and that
at a rate of 4 per cent, until 1853, after which the rate will be 5
per cent. After 1853 the 24 per cent State Stock will bear that
interest.

The Canal stocks are thrown upon the Canal for their redemption,
principal and interest, under the arrangement of the Public Debt of
the State with the bondholders.



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19



on nktm »BMr,



The amount of InUrast due and paid to the 5tli Ailg. 1850» tmAtt
the arrangement with the Bondholderiy is as follows:



Jka* 9/ Dividends.


Ammtnt. .


Amount Paid. .


BaitOM vnf*d.


Julj 1st. 1847,


$62380 00


«88,8I0 00


fro 00


Jan. Ist, 1848,


90,590 00


90,450 00


140 00


July Ist. 1S4S,


91,580 00


91,430 00


150 00


Jan. 1st. 1849,


99,090 00


9S350 00


94000


July 1st. 1849,


95,300 00


94.740 00


560 00


Jan. 1st, 1850,


953^0 00


94,690 00


1,130 00


July Itt. 1850.


97,710 00


92,299 00


5411 00



DOMESTIC DEBT OF THE STATE

Six Per Cent. Treasury Notes.

Total amount issiMd. $1,500,000

Redeemed —

i

In 1841-2, 147,700

la 1843, 898^569

In 1844, 200,525

In 1845, 114,540

In 1846, 147,370

In 1847, - 148,510

Jn 1848, • ..:........ 70,580

Jo 1849 '63,740

In 1850, 86,000

Total amount redeemed and cancelled, $1,376,530

Letviiig a balance of* ••••••• • • •• > • $123,470

Fran wbicb deduct amount on hand for cancellation, 64,000

Leaves total amount in drenlatien, $59^70



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M



Five Fer Cent, Bamk Scrip,

Total amoant issued^ ,.....«. $733,640

Redeemed —

In 184S, 40,350

In 1844, 91,990

In 1845, 72.406

In 1846, 76,590

In 1847, 100,330

In 1848, 56,400

In 1849, 56,350

In 1850, 46,410

Total amount redeemed and cancelled, $546,815

Leaving a balance of- r $175,825

From which deduct amount on hand for cancellation, 65,000

Leaves total amount unredeemed, $11D,825

Quarter Per Cent. Treasury Notes.

Total amount of issue, $70,000

Redeemed —

In 1848,..-.. 28,750

In 1849, • i 81,565

In 1850, 12,165

$72,480

Add amount on hand for cancellation, 3,460

Total amount redeemed, $75,940

Etcess of notes redeemed ovei- ndtes issued, $5,940



Former reports from this department erroneously stated the
amount of the issue of quarter per cent Treasury notes at $100.*
000, the Auditor being misled by the blank Register in his office. It
appears upon examination that this sum was prepared by the Auditor
for circulation and counters^ned by the clerk, but the last $30,000
from No. 14,001 to No. 20,000, were never signed by the Treasurer
•r accounted for by him, the amount not being wanted ibr the par-



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«1

poM for which this defcription of notes was d«sigDed» the redemption
of Fifties of the six per cent issue.

The sum of $70,000 only was charged to, and accounted for by
the Treaearer of State, Geo. H. Dunn Esq., in his report of Nov.
9Sd, 1843. He also reports that he had paid oot of these funds the
sum of $41,250 in the redemption of SO's, leaving in his^ hands the
sum of $38,750, which was kept in original packages, transfen^ed by
Mr. Dunn to Mr. Mayhew, and by Mr. Mayhew to Mr. Hannah,
and was finally destroyed by the Committee of Ways and Means m
January, 1848.

It will be seen that the amount redeemed already exceeds the
amount issued and accounted for in the sum of $5,940, to which is
to be added the probable amount still in circulation, say $2,000, making
a total excess of $7,940, all of which is i loss to the State. It was
found on registering the notes received during the la^ year that a
large portion of them, although genuine,* were- duplicate numbers,
and notes of this description have from time to time been registered
amounting to about this excess. The attention of former officers
was called to this subject, but they were unable to throw any light
upon it. An examination of the matter by a comnrittee of the Leg*
islature is respectfully suggested.



IirrBUST ACCOUNT.

The following sums have been paid at the State Treasury as In*
terest on Treasury Notes:

Interest on Treasury Notes —

On six percents, • $968,676 04

On five per cents, 82,263 33

On quarter per cents, 572 54

Total amount audited, ^ • $341,511 Bl

Add Interest on notes on hand, 6 per cenU, 35,000 00

Add Interest on notes on hand, 5 per cents, 25,00Q 0$

TotaU 1401,511 91



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M



RBCAVmiiArttllf.



Six per cents redeemed, $1^440,530 00

JE^ve per cents redeemed* • 611,175 00

Quarter per cents redeemed, - 75,940 00

Total Intemt allowed, • • • 401,511 91

Amoant paid on Domestic Debt, $2,539,156 91

J ,.T ■ ;■■■■':



iVoecf in Circuhtion.

Six per cents, $59,470 00

Five per cents, 110,835 00

Quarter per cenu, estimated, 3,000 00

Total principal $172,395 00

Estimated Interest, 85,000 00

ToUl Domestic Debt, $257,395 00



Provision being made for the redemption of the Five per cent.
Bank Scrip, by the Common School Fund, derived from Bank profitSf
through the Sinking Fund Commissioners, it will mostly be absorbed
through that channel, and will leave chaiigeable up^n thf ordinary
tevenues of the State the amount of Six per cents, in circulation, as
fellows:

Amount of Principal, $59,476

Ustimaied Interest,. « .»«,.*,,«..« 35,000

Total, • $94,470



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Online LibraryIndianaAnnual reports of the officers of state of the State of Indiana → online text (page 1 of 40)
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