Leaves a balance in the Treasury on the 1st Novem ber, 1848, of $694,096 09 The appearance of this large balance, is produced by the account with the Trustees of the Wabash and Erie Canal, being placed on the books of the treasury. The eighteenth section of the act, supplementary to "an act to provide for the Funded Debt of the State of Indiana, and for the completion of the Wabash and Erie Canal to Evansville," "approved January 27th, 1847, among other things provides, That the Trustees of said canal "shall report to the Auditor of State semi-annually, viz: up to the first days of April and October, annually, a minute and detailed statement of their receipts and expenditures, arranged under appropriate heads, accompanied in all cases, when practicable, by the proper vouchers; and said Auditor shall carefully examine said accounts and make settlement thereof, and enter the same on the proper books of his office, as is provided in section twenty-four, chapter thirteen, of the Revised Code of 1843." The whole amount of receipts derived and accruing from the revenues of the said canal, in accordance with the provisions of the aforesaid act, is to be expended and disbursed by the Trustees of said canal, independent of, and without any connection whatever, with the State treasury. But in order to conform to that part of said act, which requires said accounts to be settled, and entered upon the proper books, it is found convenient and necessary, to debit the State treasury with the amount of receipts, reported by said trustees; and credit the same, with the amount of vouchers exhibited and audited; and for any unliquidated sums, which said Trustees shall report remaining in their hands, or for which vouchers are not exhibited; a requisition, in the name of said Trustees, for an amount sufficient to balance the account, is made and passed to the Treasurer. Thus, the reports of said Trustees show, that they have received from all sources, for canal purposes, up to the first day of October, 1848, the gross sum of $537,913 24, and they exhibit vouchers which are audited, amounting to the sum of $136,268 97, which sum being deducted from the amount of receipts, leaves an unliquidated balance in the hands of said Trustees, of $401,644 27, and for this sum, a requisition is made and passed to the Treasurer, and the amount thereof, is to be deducted from the aforesaid balance of, Deducting the amount aforesaid of, $694,096 09 401,644 27 Leaves the balance in the treasury on Nov. 1st, 1848, $292,451 82 Of this balance thus stated to be in the treasury on the first day of November, 1848, about $13,000 is in available cash funds. The remainder, amounting in round numbers to about $279,500, consists of the several descriptions of Treasury Notes and Scrip, which is redeemed, and ready to be computed and destroyed by the Committee of Ways and Means. The loan negotiated, with branches of the State Bank, in conformity with the provisions of the law of last session, approved, Dec., 16th, 1847, for the sum of ninety-five thousand dollars, to pay the instalment of interest, due on the funded debt of the State, on the first of January, 1848; has been promptly discharged, agreeably with the terms of the contract. The current expenses of the State government for the year just closed, and all warrants drawn on account of the trust funds, or other liabilities, have been presented at the treasury and paid. in cash; and no considerable item of State indebtedness, is known which is due and outstanding. The condition, action, and progress of the Institutions for the education and support of the Blind, and the Deaf and Dumb, and the operation and circumstances of the Hospital for the Insane, will fully and specifically appear, by reports made by their respective officers and superintendents. And the following exhibits will show the amount of funds which have been appropriated by the State to those benevolent objects: FOR THE EDUCATION OF THE BLIND. RECEIPTS. Total amount of appropriations, to 1 day of Nov., 1847, Proceeds of Delinquent Revenue of 1846, Total amount of appropriations to 1st Nov., 1848, 9,077 9 10,670 00 200 80 $19,948 70 EXPENDITURES. Total amount paid on audited warrants to 1st day of Nov., 1847, 1848, paid warrant No. 3196, 9,353 37 1848, paid orders of the Board, Nos. 13 & 14, 3,000 00 Balance in the treasury on the 1st Nov. 1848, ASYLUM FOR THE DEAF AND DUMB. RECEIPTS. -$19.881 81 66 89 Total amount of appropriations to 1st Nov., 1847, Proceeds of the Delinquent Revenue of 1846, Total amount of appropriations to 1st Nov., 1848, $17,191 75 16,005 00 502 00 $33,698 75 $21,933 83 33,699 66 91 Amount of this fund overdrawn 1st Nov., 1848, HOSPITAL FOR THE INSANE. RECEIPTS. Total amount of appropriations to 1st Nov., 1847, Proceeds of Delinquent Revenue of 1846, Total amount of appropriations to 1st Nov., 1848, Balance in the treasury on the 1st day Nov., 1848, 1 00 The annexed correspondence, in relation to the condition of the three per cent. fund, is submitted: WASHINGTON, FEB. 9, 1848. DEAR SIR-After receiving your letter of the 25th ult., I addressed a note to the Secretary of the Treasury, requesting a statement of the condition of the three per cent. fund, the amount due to Indiana, and the amount of interest on State bonds held by the government. I send you herewith, his reply, with the accompanying statement which I received last night. This morning, one of the clerks of the Department called to see me, and stated that the account rendered was not full, but that an examination of the whole three per cent. fund with Indiana, will show that there is due, $49,000, without including the amount which accrued for 1846 and 1847. He says they are now engaged in making out the accounts and that the amount due, up to the 1st of last Dec., will be sufficient to pay all the interest due on our bonds, up to that period, and perhaps leave a surplus. I understand that the lands in the Cincinnati district, have heretofore all been regarded as being in Ohio, and the three per cent. fund, on sales in that district, have all been credited to Ohio; as a large portion of that district is situate in Indiana, of course she was entitled to the three per cent. fund upon those sales. The error has been lately discovered. I am, with much esteem, Yours truly, SAMUEL HANNAH, Esq. Indianapolis, Ia. CALEB B. SMITH. TREASURY DEPARTMENT, Comptrollers Office, Feb. 8th, 1848. SIR-Your letter of the 4th inst., addressed to the Secretary of the Treasury, having been referred to this office, I have the honor to reply, that an account of the three per cent. fund which had accrued to the State of Indiana, from the sales of public lands within her limits from the 1st July, 1844, to 31 Dec., 1844, has been adjusted at the Treasury, and the amount thereof found to be, which, with the amounts that accrued to said State, $1,666 83 1,711 40 1,153 54 From 1st July, 1842, to 30 June, 1843, 1,235 70 Makes an aggregate sum with which the State stands credited on the books of the treasury, of, $5,767 47 The payment of which has been withheld, under the provisions of the joint resolution of Congress, approved, 3d March, 1845, "directing the Secretary of the Treasury, whenever any State shall have been, or may be, in default for the payment of interest, or principal, on investments in stocks or bonds held by the United States in trust, to retain certain moneys to which such State is entitled for the purposes therein named." The amount of bonds held by the United States in trust, issued by the State of Indiana is $372,000, and the interest due thereon, on the 31st Dec., 1847, is $54,549 53-100, as per statement herewith. STATEMENT showing the amount of bonds held in trust by the Secretary of the Treasury, on account of the Chickasaw Indians, issued by the State of Indiana, with the amount of interest due thereon. The interest on the bonds redeemable in 1856, has been regu * larly paid. |