I communicate herewith my annual report on the state of the public finances, which you will please receive and lay before the house of delegates. In obedience to the several laws prescribing the duties of the treasurer of the commonwealth, I have the honour to submit to the legislature the annual report from this department, embraced in the accompanying statements, marked A, B, C, D, E, F, G, H and I, comprising on all accounts the whole fiscal transactions at the state treasury during the financial year, commencing with the first day of October 1845, and terminating with the 30th day of September 1846. By reference to my last annual report, it will be seen that the balance in the public treasury, on 106,386 07 1,382,459 51 And the disbursements during the same period, to 1,488,845 58 1,323,448 72 Which leaves the balance on hand on the 1st day of October 1846, the commencement of the current fiscal year, $165,396 86 (Note 3.)-Less than the register's fees received in the last year, but believed to be a sufficient estimate. (Note 4.)-Founded on returns already received from the inspectors. (Note 5.)-Less than the amount realized from the sale of transports during the past year; but as there was but one condemned slave in the penitentiary on the 1st October last, the estimate, although entirely conjectural, is believed to be sufficient. (Note 6.)-Balance due for the purchase of tenement on Main street, and rents accruing from public property. (Note 7.)-The dividends paid by the banks during the past year upon stocks held by the state, were as follow, viz: Bank of Virginia, Farmers Bank, 12,512 50 32,825 00 27,750 00 (Note 1.)-Rather more than the expenditure of last session, but may probably be required. (Note 2.)—About the expenditure of last year. (Note 3.)-Altogether conjectural. (Note 4.)-The expense of the interior guard at the penitentiary during the last fiscal year was $1751. This expenditure is not properly chargeable to the public guard, though generally embraced in the same appropriation. (Note 5.)-The appropriations to the lunatic asylums must in some measure be regulated by the reports from those institutions. (Note 6.)—This estimate of $5500 is less than the expenditure of the past fiscal year, which may be divided as follows, to wit: Maintenance in county jails, Transportation to Staunton, Do. to Williamsburg, Refused at hospitals, 957 96 3,261 82 1,358 17 193 20 $5,771 15 (Note 7.)—These are regular appropriations by law to the deaf and dumb and blind institution. (Note 8.)-This fund is annually declining. (Note 9.)-Rather more than the expenditure of last year; but the demands on the contingent fund are variable and uncertain. (Note 10.)-The second volume of Grattan's Reports has been paid for since the 1st October, and the third volume will in all probability be ready before the 1st October next. (Note 11.)-One third only of the purchase money for Beirne's warehouse will be demandable during the current fiscal year. (Note 12.)-The appropriation for the construction of a new building for the courts at the seat of government was $12,000, of which $3860 was expended before the 1st October last, leaving $8140 for the present fiscal year. (Note 13.) The act providing for the repairs of the capitol made no specific appropriation for that object, but from the best information I can obtain, I have assumed $15,000 as the very lowest sum which the repairs will cost. Of that sum $4068 99 was expended before the 1st of October, leaving $10,931 01 for the current fiscal year. (Note 14.) The sum of $6000 was appropriated last winter as the compensation to the revisors of the Civil Code, but I am not informed what portion of it, if any, will be required before the 1st October 1847. (Note 15.)-Of the sum of $75,000 appropriated at the last session of the legislature to the Southwestern turnpike, only $5000 was drawn before the 1st of October. As the road is under regular contract, the whole appropriation will doubtless be soon absorbed. (Note 16.) These appropriations were authorized by acts of the last legislature, and will probably be called for during the present fiscal year. (Note 17.)-This amount is made up as follows: One year's interest on old 6 per cent. military debt held by the Literary fund, Do. on 7 per cent. do. held by do. 1,442 35 22,230 00 Do. on 5 per cent. debt created to pay state's subscription to the Chesapeake and Ohio canal 12,500 00 Do. on $450,107 borrowed to pay state's subscription to the stock of the Exchange Bank and 27,006 00 $ 63,178 35 JAS. E. HEATH, Auditor of Public Accounts. I communicate here with my annual report on the state of the public finances, which you will please receive and lay before the house of delegates. In obedience to the several laws prescribing the duties of the treasurer of the commonwealth, I have the honour to submit to the legislature the annual report from this department, embraced in the accompanying statements, marked A, B, C, D, E, F, G, H and I, comprising on all accounts the whole fiscal transactions at the state treasury during the financial year, commencing with the first day of October 1845, and terminating with the 30th day of September 1846. By reference to my last annual report, it will be seen that the balance in the public treasury, on 106,386 07 1,382,459 51 And the disbursements during the same period, to 1,488,845 58 1,323,448 72 Which leaves the balance on hand on the 1st day of October 1846, the commencement of the current fiscal year, $165,396 86 Statement A, exhibits, under proper heads, the receipts and disbursements into and out of the treasury, on account of the commonwealth, during the fiscal year, on orders and warrants of the auditor of public accounts. Statements B, C, D, E and F, exhibit separately the receipts and disbursements during the same year, on orders and warrants of the second auditor, on account of the Literary fund, Board of public works, commissioners of the sinking fund, Northwestern turnpike road, and the Southwestern turnpike road. Statement G, exhibits the receipts and disbursements, for same time, on account of the Washington monument fund, and the particular condition of the fund on the 1st day of October last. The amount then uninvested, ($167 88,) is included in the commonwealth's balance on that day, reported in statement A. The Washington monument fund was created by individual contributions, under resolutions of the general assembly, adopted on the 16th February 1816, and the sum raised, proving insufficient to effect the object of its collection, an act passed the 22d February 1828, entitled "an act to invest the Washington monument fund;" and under authority therein given to the executive, the amount then in the treasury to the credit of this fund, was loaned out to individuals, and the interest received thereon up to April 1843, has been appropriated from time to time in the same way, as is shewn in the statements of the fund accompanying the annual reports from this department, made both by myself and my immediate predecessor; since which time, the interest as it accrues, is invested in the guaranteed bonds of the James river and Kanawha company. I respectfully call the attention of the legislature to the condition of this fund, and without wishing to affect individual interest, would suggest the propriety of calling in the private loans and investing the whole fund in state securities. The items of receipts and disbursements, on account of the Cincinnati society fund, since my last annual report, and up to the morning of the first day of October 1846, are exhibited in statement H. Under the act, entitled "an act concerning the securities of Jerman Baker," passed 25th February 1846, I have received from William J. Barksdale, one of the securities, the sum of five hundred and eighty-six dollars fifty-eight cents in money, being one fourteenth part, the proportion due by him of the principal, interest and costs of two judgments lately rendered against said securities by the court of appeals, particularly referred to in said act; and for the other thirteen parts, bonds have been executed and delivered to me, in conformity with the provisions of the act. Statement I, exhibits the condition of the treasury at the commencement of the fiscal year and end of each quarter, as shewn by the treasury office books, and the accounts rendered by the deposit banks at those dates. All payments into and out of the treasury, on account of the Dawson fund, are made on the orders and warrants of the Literary fund. The balance to the credit of that fund, on the 1st October 1845, was $2445 51. The receipts since then, and during the fiscal year, amount to $12,345 76, and the disbursements to $8902 45, leaving the balance, uninvested on the 1st day of October 1846, $5888 82, which is included in the balance to the credit of the Literary fund, on that day reported in statement B. The certificates of state 6 per cent. stock, called in for redemption, by act of the 27th February 1846, entitled "an act appropriating a certain sum for the redemption of a part of the public debt," with the exception of one for the sum of one thousand dollars, have been surrendered at the treasury, as required by the act, and cancelled; and the holders of the same paid their par value in money, no one of them preferring to receive, in lieu thereof, other certificates of debt of the commonwealth of same amount, bearing an interest at the rate of 5 per centum per annum, a privilege given to them under the act aforesaid. The following is a list of certificates in my possession as treasurer, shewing the number of shares of stock held by the commonwealth proper, in the state banks; and also the dividends declared and paid into the treasury upon the same, during the last fiscal year, to wit, in January and July 1846: |