606 



NEW YOEK. 



admitted to the benefits of these appropria- 

 tions on the saine terms as academies. About 

 200 academies and academical departments 

 annually report to the regents. In 1874 these 

 contained about 30,000 pupils and nearly 12,000 

 teachers. 



The State Library in both its departments 

 has been enlarged by the application of all the 

 means at the disposal of the trustees. The 

 Law Library contains about 26,000 volumes, 

 and the General Library about 68,000, includ- 

 ing many rare and valuable works. 



The total funded debt of the State, on the 

 30th of September, 1873, was $36,530,406. 

 On September 30, 1874, it amounted to $30,- 

 199,456, classified as follows: 



General fund $3,988,526 



Contingent 68,000 



Canal 10,230,430 



Bounty 15,912,500 



Total $30,199,456 



The actual reduction of the State debt dur- 

 ing the fiscal year, by cancellation of matured 

 stocks and $4,902,500 of bounty loan 7s of 



1877, purchased for the bounty debt sinking- 

 fund, during the year, was $5,1025,950. 



The following statement shows the amount 

 of the State debt on the 30th of September, 

 1874, after deducting the unapplied balances 

 of the sinking-funds at that date : 



Of the canal debt, under section 1 of Article 

 V. of the constitution, $1,106,420 matured 

 January 1, 1874, and was redeemed from the 



CORNELL UNIVERSITY, ITHACA. 



sinking-fund moneys set apart for that pur- 

 pose. Of the principal of the canal debt, con- 

 tracted under section 3 of Article VII., $1,974,- 

 600 fell due November 1, 1873, and $2,099,000 

 October 1, 1874 ; and funds were provided for 

 the redemption of both sums in coin by bor- 

 rowing on the credit of the sinking-fund. 



The receipts into the Treasury on account 

 of all the funds, except the canal and common- 

 school funds, for the year ending September 

 30, 1874, amounted to $26,465,370.43, and the 

 expenditures to $19,636,308.36, leaving a bal- 

 ance of $6,829,062.07 at the close of the year. 

 The available balance was -$6,494,781.44, the 

 difference being made up by the defalcation in 

 the State Treasury in 1873 of $304,957.91, and 

 the sum of $29,222.72, being an old balance 

 due from the Bank of Sing Sing. 



The expenditures from the public Treasury 

 for educational purposes, during the last fiscal 

 year, amounted to $3,278,858.66, of which $2,- 

 662,032.98 were the proceeds of a direct tax of 



1} mill for common schools. The purposes for 

 which these expenditures were made were as 

 follows : 



$171,611 74 



15,877 00 



297,996 98 



30.000 00 



2,924 56 



3,932 98 



90,982 42 



2,662.032 98 



3,500 00 



Academies, for dividends ................... 



Academies, for instruction of common- 

 school teachers. ... ....................... 



Common-school dividends .................. 



Cornell University ......................... 



Indian schools .............................. 



Normal schools .............. _ ............... 



School commissioners' salaries ............. 



School-tax, 1J mill ........ ................... 



Elmira Female College ..................... 



Total ................................. $3,278,858 66 



During the same period the State paid $338,- 

 852.07 for the support of certain dependent 

 classes, viz.: Deaf and dumb, $120,810.94; 

 blind, $82,307.06 ; insane, $102,234.07 ; idiotic, 

 $33,500. These amounts do not include the 

 large sums appropriated for building-purposes 

 to the institutions which have been in progress 

 during the year. 



All the charitable, eleemosynary, correc- 

 tional, and reformatory institutions of the 



