Martinsburgh Gazette

TREASURER'S ANNUAL REPORT

Treasury Office,

29th November, 1824.

Sir: In obedience to the provisions of the several acts of Assembly, prescribing the duty of the Treasurer, I have the honor to report to the General Assembly the operations of the Treasury department within the fiscal year which terminated on the 30th of September last.

The balance in the Treasury, at the credit of the Commonwealth, on the 30th September, 1823, amounted to thirty three thousand thirty seven dollars and nineteen cents; from which period to the 30th September last, the receipts amount to four hundred and ninety eight thousand fourteen dollars and five cents: and the disbursements during the same period to four hundred and sixty seven thousand three hundred eighty dollars and fifty two cents; leaving a balance in the Treasury, at the close of the last fiscal year, of sixty three thousand six hundred and sixty seven dollars seventy two cents.

It is proper to remark, that the balance in the Treasury, to the credit of the Commonwealth, at the termination of each fiscal year, is subject to a deduction on account of the subscriptions to the monument of the illustrious Washington, amounted to the sum of thirteen thousand sixty-three dollars and ten cents.

Within the last fiscal year, the sum of twenty five thousand nine hundred and nineteen dollars thirty two cents, was paid into the Treasury, on account of the revenue of 1824, which, added to the sum of thirteen thousand sixty three dollars ten cents, will leave a balance, on the 30th September last, of twenty four thousand six hundred and eighty five dollars thirty cents, to be taken into the estimate of ways and means to meet the expenditures of the current year.

On the 30th September, 1823, the sum of forty eight thousand seven hundred and seven dollars sixty five cents, was at the credit of the Literary Fund.—The receipts during the last fiscal year amount to one hundred and thirty-nine thousand seven hundred and two dollars sixty three cents, and the disbursements to one hundred and sixty five thousand nine hundred and seventy five dollars ninety nine cents; leaving a balance in the Treasury, on the 30th September last, of twenty two thousand five hundred and four dollars twenty nine cents.

The receipts within the last fiscal year on account of the Board of Public Works, amount to one hundred and thirty two thousand three hundred and eighty one dollars and sixty six cents, which, added to the balance on hand on the 30th September, 1823, of fourteen thousand forty eight dollars sixty seven cents, makes an aggregate of one hundred and forty six thousand four hundred and thirty dollars thirty three cents: the disbursements during the same period amount to one hundred and thirty three thousand two hundred and ninety two dollars eighty cents; leaving a balance on the 30th September last of thirteen thousand one hundred and thirty seven dollars fifty three cents.

The balance in the Treasury, at the credit of the James River Company, on the 30th September, 1823, amounted to thirty eight thousand four hundred and sixty seven dollars fifty nine cents; the receipts within the last fiscal year amount to three hundred and thirty seven thousand two hundred and ninety two dollars sixty three cents, and the disbursements to three hundred and sixty four thousand four hundred and forty dollars sixty nine cents; leaving a balance at the termination of the year, of eleven thousand three hundred and nineteen dollars fifty three cents.

Since my last annual report, only fifteen dollars nineteen cents of the public debt has been redeemed; the sum of twenty six thousand eight hundred and sixty dollars thirty-seven cents has been paid on account of interest.

On the 12th May, 1824, the President and Directors of the Board of Public Works adopted a resolution authorising the Treasurer to invest the bonus of fifty thousand dollars, payable by the Farmer's Bank of Virginia to the fund for internal improvement, in James River or such other profitable stock as he might think best; in pursuance of which resolution, the undersigned purchased of the President, Directors and Company of the Farmers' Bank of Virginia, James River stock to the amount of fifty thousand dollars, at a premium of two and a half per cent. believing this to be a better investment than could be made in six per cent. stock of the State, or of the United States; for each of which a higher premium would have been required; nor did he think it advisable to invest it in Bank stock, the income from which is fluctuating and uncertain

Very respectfully, your obedient servant,

JERMAN BAKER, Treas'r.

The Speaker of the House of Delegates.