RECAPITULATION.
| Amount of five and two-and-a-half per cent, and war loan bonds still outstanding, as before stated: | $175,930 12 |
| Add estimated amount of old bonds, as above: | 569,000 00 |
| Total foreign debt ascertained and estimated: | $744,930 12 |
| The domestic debt of the State now consists of non-negotiable bonds of the State issued to its own school fund and amounting to: | $3,905,906 25 |
| Total debt, foreign and domestic: | $4,650,830 37 |
| There is at this time in the State Treasury the sum of: | 499,268 44 |
| There is at this time in the hands of the Agent of State: | 108,475 40 |
| Total cash on hand: | $607,743 84 |
| Add proceeds of State tax of 1872, not yet collected, estimated at: | 350,000 00 |
| Amount available for State purposes for the year commencing November 1, 1872, and ending October 31,1873: | $957,743 84 |
| The expenditures for the same year are estimated as follows, viz: | |
| For expenses of the present session of the General Assembly: | 100,000 00 |
| Other expenditures including ordinary expenses of the State government, benevolent institutions, reformatories, prisons, interest on domestic debt, and on War Loan Bonds, etc., etc., upon the supposition that these expenditures will not exceed those of 1872: | $785,388 00 |
| Total estimated expenditures: | $885,388 00 |
| Amount available for State purposes for 1873, as above stated: | 957,743 84 |
| From this deduct estimated expenditures: | 885,388 00 |
| Leaving only a balance of: | $72,355 84 |
If immediate provision be made, as in my judgment there should be, for the enlargement of the House of Refuge, and the Institution for the Education of the Blind, and for the completion of the Female Reformatory, the above balance will not only be exhausted, but a deficiency will be created of over $100,000. It must be remembered that the act providing for the payment of the old bonds already mentioned, may add a considerable sum to this deficiency; and it is possible that the 5 and 2 per cent. stocks still outstanding to the amount of $36,930.12, or some considerable part thereof may be presented for redemption during the current year, and if so, they must be paid.
In view of all this, and of the pressing demand that exists for making increased provision for the insane, it will be necessary in my judgment to levy a State tax for each of the years 1873 and 1874, of fifteen cents on the $100 of the taxables of the State. The collection of the revenue of 1873, will also have to be anticipated by a temporary loan, and the commencement of a new Hospital for the Insane will probably have to be deferred until the revenue of 1873 can be made available.
