TREASURY DEPARTMENT
are shown by the reports of the Auditor of State and Treasurer of State, which are in harmony and are simplified by the careful administration of the law creating a treasury system. The total valuation of real and personal property reached $884,68,828, being an increase of $33,751,841. The valuation of tracks and rolling stock of the rail- roads as equalized was $38,019,926. The general fund had and received during the year $2,202,379.95, and disbursed, $1,975,926.04, leaving October 31, 1879, $226,584.91. The receipts included $510,000 of the temporary loan, being the proceeds of a renewal. The payments included that amount used in discharge of matured bonds of the temporary loan, an d $200,000 transferred to the New State House fund, as required by act of March 13, 1879, and the interest on the non-negotiable bonds held by the school fund in the sum of $234.28.99, and $58,421.82 of accrued interest on temporary loan, war an and internal improvement bonds. The total debt of the State October 31, 1879, was $1,998,178.34, of which $1,093,395.12 was foreign and $3,904,783.22 was mestic. The College fund, held by borrowers was $109,700.55. A list of a large number of parcels of land forfeited to the State, and held for the use of the College fund, was reported. The Fire and Life Insurance Companies of other States and countries, doing business in the State, received during the year ending June 30, 1879, $2,171,136.26, paid losses in the sum of $1,109,903.98, and were taxed $34,513.77, a considerable of which was soon paid. The reports of examinations of twenty banks of discount and deposit, under authority of the act of February 7, 1873, are communicated by the Auditor and pronounced very satisfactory. The appropriation act of March 10, 1877, provided for two years and seven months. The appropriation accounts both the Auditor and the Treasurer show th exactness the condition of each appropriation and the unexpended balances at the close of at period, pursuing the order and conforming the terms of the act with such faithfulness as a prudent man would exercise in a safe banking business. An interesting classification of the expenses of the State Government discloses their nature at a glance, and will aid your Committees in speedily framing an appropriation bill for the ensuing two years.
