566 



MICHIGAN. 



poleon's agent; and on the 30th ^of November 

 lie received an official reply, in which M. 

 Drouyn de Lhuys, on the part of the Emperor, 

 formally repudiated not merely the acts of 

 Maximilian, but that person himself. The fol- 

 lowing is Mr. Bigelow's report of the interview : 



M. Drouyn deLbuys referred to the representation 

 I had made in regard to the shooting of the Mexican 

 prisoners taken in war, and also to the case of Madame 

 de Iturbide. "Why," he said, "do you not go to 

 President Juarez ? We are not the Government of 

 Mexico, and you do us too much honor to treat us 

 as such. We had to go to Mexico with an army to 

 secure certain important interests, but we are not 

 responsible for Maximilian or his Goyerment. He is 

 accountable to you, as to any other Government, if 

 he violates its rights, and you have the same reme- 

 dies there that we had." 



Full details respecting these and other diplo- 

 matic questions arising between France and the 

 United States, will be found under the head of 

 DIPLOMATIC COEKESPONDEXOE. 



MICHIGAN. The Legislature of Michigan 

 convened at Lansing on January 4, 1865, and 

 was organized by the choice of Eepublican 

 officers in both houses. Gilbert E. Eeed was 

 elected speaker of the House of Representatives. 

 Austin Blair, the retiring Governor, delivered 

 his valedictory message, and Henry H. Crapo, 

 the Governor elect, was inaugurated. Among 

 the acts passed by this Legislature was one sub- 

 mitting to the people at the fall election of 1866 

 an amendment to the State Constitution allow- 

 ing colored men to vote, and one authorizing 

 a loan of $1,000,000 for the purpose of paying 

 a State bounty of $150 each to volunteers en- 

 listing in the service of the United States sub- 

 sequent to February 15, 1865. 



The receipts and expenditures of Michigan 

 for the fiscal year ending November 30, 1865, 

 are exhibited in the following table : 



Balance in treasury November 80, 1854 $440,0-17 27 



Keceipts for fiscal year 1865 1,954,318 63 



Total available funds for 1865 $2,894,363 43 



Total payments for fiscal year 1SC5 1,925,964 14 



Balance 'in treasury December 1, 1865 468,899 29 



The number of men entitled to the bounty 

 of $150 was estimated at 5,000 ; and with a 

 view of raising the required sum, about $750,- 

 000, the Treasurer of the State visited New 

 York in May, and offered at private sale the 

 bonds authorized to be issued in payment of 

 the bounties. Public attention being then ab- 

 sorbed in investments in national securities, he 

 met with no success ; and upon advertising pro- 

 posals for the bonds in Michigan soon after, he 

 received bids for only $41,000, the greater part 

 of which were considerably below par. Under 

 these circumstances he adopted the expedient 

 of exchanging the bonds for the bounty certifi- 

 cates given to the recruits upon enlisting, and 

 in this way disposed of $345,000, which is 

 somewhat less than half the amount required. 

 By the provisions of an " act authorizing a war 

 bounty loan," approved February 5, 18C4, a loan 

 of $500,000 was authorized for bounty pur- 

 poses. The money arising from this loan was 



applicable to bounties to fill the quotas of 1864. 

 Under the provisions of this act the Treasurer 

 issued the balance of these bonds to the amount 

 of $270,000, all of which was purchased by the 

 treasury office for the sinking fund. The war 

 fund account stands as follows : 



Amount received for bonds under act No. 24, 

 1864 $270,000 00 



Amount received for bonds under act No. 85, 

 1865. 345,00000 



Accrued interest received of buyers of above 

 bonds 8,293 79 



Of the amount levied in 1864, taxes for interest 

 on "War Loan, the amount actually paid is 

 credited to this fund 86,555 00 



Received for a coupon paid by mistake 3 50 



$704,857 29 



The "War Fund was overdrawn at the close of the 

 fiscal year 1864 73,21843 



The payments on account of this fund for the 

 fiscal year 1865, were 617,911 17 



Leaving a balance to the credit of the fund of. . . 18,727 69 



$704,857 29 



During the fiscal year 1865, the sum of 

 $279,591 was set apart for the several sinking 

 funds authorized by law. The funded interest- 

 bearing debt of the State is as follows : 



Renewed Loan Bonds, 6's, due January 1, 1878, $216,000 00 



Two Million Loan Bonds, 7's, u " 1, 1868, 250,000 00 



" ! " 6's, " " 1, 18T3, 600,000 00 



" " " 6's, " " 1, 1878, 600,000 00 



" " u 6's, " " 1 1888, 750,000 00 



War Loan Bonds, Ts, due January 1, 1S86. 1,122,000 00 



Ste. Marie Canal Bonds, 6's, due January 1, 1878, 100,000 00 



"War Bounty Loan, Ta, due May 1, IS'JO 845,000 00 



Total $8,783,000 00 



The amount of non-interest bearing debt is 



Adjusted bonds, past due 4,000 00 



Fofi paid $5,000,000 Loan Bonds, past due 12,000 00 



War Loan Bonds, $100 and $50, called in 400 00 



$140,000 unrecognized 5,000,000 Loan Bonds, ad- 

 justable for 80,999 80 



Making a total of funded and fundable debt, of. $8,880,399 SO 

 Increase since 1864.. $339,250 80 



The Trust Fund debt is made up of the fol- 

 lowing amounts and funds respectively, to wit : 



Primary School Fund $1,144,28960 



University Fund 264,87147 



Normal School Fund 89,20423 



Railroad Deposits 2,15783 



Total $1,450,472 62 



The charges of the State against the General 

 Government, from the commencement of the 

 war to May 1, 1865, amount to $723,318.42. 

 This includes clothing, equipage, pay, transpor- 

 tation, food, etc., and every thing under in- 

 structions of the Treasury Department charge- 

 able ; and the proper accounts and vouchers 

 have been forwarded to the Secretary of the 

 Treasury. The war tax apportioned to this 

 State, by act of Congress, was $501,763.33. 

 Fifteen per cent, of this tax, under instructions 

 of Secretary Chase, was deducted, and $92,000 

 has been paid to the State by the General Gov- 

 ernmenti leaving the claim of the State $204,- 

 819.58 subject to adjustment. 



The number of troops raised by the State 

 under all calls was, according to the report of 

 the United States Provost Marshal General, 

 90,119, or, reduced to a three years' standard, 

 80,865. 



