When was it published?

November 24, 1824 in Massachusetts Spy And Worcester Advertiser

Domestic News November 24, 1824

Massachusetts Spy And Worcester Advertiser

Q: What keywords are associated?

State Treasury, Revenue Surplus, Bank Of New York, Financial Report, Comptroller Communication

Worcester, Worcester County, Massachusetts

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What is this article about?

The comptroller reports that New York's state revenue has covered expenses, paid a $50,000 debt to the Bank of New York, and created a $200,000 surplus, plus $262,091.46 from the bank, allowing investment of at least $450,000.

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Full Text

An overflowing Treasury. The comptroller of this State has addressed a communication to the legislature, in which he states that the "ordinary revenue of the State has already produced in the present year an income sufficient to meet the current expenses of the government, pay the $50,000 due from the State to the bank of New York, and to accumulate a surplus of $200,000 beyond any sums that may be wanted to satisfy the ordinary demands upon the treasury. To this surplus derived from the revenue, there has been added $262,091 46, which the bank of New York, has required the State to take towards the debt due from that institution. The condition of the treasury at this time will allow of the investment of $450,000 at least."

What sub-type of article is it?

Economic

What keywords are associated?

State Treasury Revenue Surplus Bank Of New York Financial Report Comptroller Communication

Where did it happen?

New York

Domestic News Details

Primary Location

New York

Event Date

In The Present Year

Outcome

revenue sufficient for expenses and $50,000 debt payment; $200,000 surplus accumulated; additional $262,091.46 from bank of new york; allows investment of at least $450,000.

Event Details

The comptroller of this State has addressed a communication to the legislature stating that the ordinary revenue has produced income to meet current expenses, pay the $50,000 due to the Bank of New York, and accumulate a $200,000 surplus beyond ordinary demands. Added $262,091.46 which the Bank of New York required the State to take towards its debt. The treasury condition allows investment of at least $450,000.