too 



MASSACHUSETTS. 



Of the increase, fully three-quarters is to be 

 credited to the cities. The total State tax for 

 the year was $2,500,000 ; total town taxes, 

 $22,063,946. 



The number of savings-hanks in operation 

 in the State is 160, which have had, during the 

 year, 560,890 depositors, and deposits amount- 

 ing, in the aggregate, to $163,535,943. The in- 



crease of depositors over the previous year 

 was 82,093, and of deposits $27,790,845. 



There were 197 insurance companies doing 

 business in the State, of which 98 were home 

 companies, 94 were chartered in other States, 

 and five belong to Great Britain. The out- 

 standing risks held by all the companies at 

 the close of 1870 amounted to $6,760,823,925, 

 nearly $850,000,000 more than at the close of 

 1869. Of the aggregate amount the Massa- 

 chusetts companies held upward of $800,000,- 

 000, an increase of $65,000,000 over 1869 ; the 

 other companies represented holding $726,- 

 000,000 in excess of the previous year. The 

 total amount of risks written during the year 

 1870 was $9,238,113,320, or nine per cent, in 

 excess of 1869 ; the home companies writing 

 nearly $660,000,000, an increase of $23,000,- 

 000. The aggregate premium receipts on the 

 business were $67,644,000, of which $55,204,- 

 000 accrued on risks written in the United 

 States, and $3,783,000 on risks written in 

 Massachusetts, the home companies receiving 

 upward of $8,000,000 of the whole amount. 



CENSUS OP 1870. 



Included in the census are 87 Chinese, 10 

 Japanese, and 151 Indians. The total assessed 

 value of property includes personal property 

 to the amount of $174,855,736, not distributed 

 among counties. The total taxation includes 

 the sum of $2,881,718, not distributed among 

 counties. The true value of property was $2,- 

 132,148,741. The public debt, county, town, 

 city, etc., amounted to $40,940,657. The ag- 

 gregate value of farm -products, including bet- 

 terments and additions to stock, was $32,192,- 

 878; 306,659 pounds of wool were raised; 

 97,724 persons, ten years old and over, cannot 

 write, of whom 37,075 are males, and 60,649 

 females. Of those, twenty-one years old and 

 over, who cannot write, 30,920 are white males. 



The financial condition of the State is per- 

 fectly sound and quite satisfactory. Its debts 

 and liabilities, and the changes made therein 

 during the year, are shown in the following 

 schedule : 



Of the funded liabilities outstanding Jan- 

 uary 1, 1870, amounting to $27.128.164 00 



There have been liquidated 1,950,116 00 



Balance remaining $25,178,048 00 



Brought forward $25,178,048 00 



During the year, additions were 

 made by new issues of scrip, viz. : 



For Troy & Greenfield Rail- 

 road and Hoosac Tunnel.. . $3,452,372 00 



For the Massachusetts War 



FundLoan 999,94400 



4,452,316 00 



Making the total $29,630,364 00 



Of the unfunded liabilities, balance re- 

 maining i 60,000 00 



Making the total present liabilities, exclu- 

 sive of small unpaid balances $29,690,364 00 



Eepresented under their summary classifica- 

 tion, the following exhibit appears : 



PRESENT FUNDED DEBT. 



Railroad loans $12,124,476 00 



War loan? 16,434.880 00 



Ordinary loans 1,071,000 00 



$29,630,364 00 



PRESENT UNFUNDED DEBT. 



Loan to W. & F. Shanly (conditional) 60,000 00 



Total funded and unfunded debt $29,690,364 00 



Of the funded debt> about $12,000,000 con- 

 sists of railroad loans, about $16,000,000 of 

 war loans, and the remainder of loans for or- 



