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MISSOURI. 



under the law of 1865, it has discharged its 

 entire obligation. This matter is in litigation. 

 As the State could not realize, by the purchase 

 of its own bonds not yet due or subject to call, 

 more than 8 per cent, or 3J, and could not 

 realize even this much l>y depositing the money, 

 the matter involved is the difference in interest 

 say 8 per cent on $3,000,000, or such por- 

 tion as could not be used for such time as must 

 elapse till State bonds in excess of the re- 

 sources of the ordinary sinking fund became 

 payable. Under the provisions of the State 

 Constitution, there must be collected for the 

 Milking fund not less than $250,000 annually. 

 With the increasing resources of the State and 

 the diminishing interest charge, it will be easy 

 to pay the entire debt as early as its terms per- 

 mit its payment, and indeed it could be paid in 

 ten years without inflicting an onerous burden 

 on the people. 



Early in the year the Secretary of State 

 made a call on all the banks and bankers in 

 the State for a statement of their financial 

 condition on the 31st day of December, 1880. 

 From these statements, and like statements 

 made by the national banks of the State for 

 the same day to the Comptroller of the Cur- 

 rency, the loans and discounts were $45,661,- 

 794; the loans on real estate, $2,104,708; 

 amounts invested in stocks and bonds, $5,266,- 

 233; invested in real estate, $1,191,628; cash 

 and cash items (including amounts due from 

 banks and good on sight-draft), $25,152,794; 

 sight deposits, $46,592,565 ; time deposits, 

 $9,183,688; due banks, $9,505,892; amount 

 of capital, $13,784,006; surplus, $4,645,259. 

 Total assets, $87,030,987. On the date of this 

 statement there were in the State 108 incor- 

 porated banks, 81 private banks, and 21 national 

 banks. 



On the 28th day of December, 1878, the 

 statements of the banks of the State of that 

 date showed the following: Loans and dis- 

 counts, $29,069,159 ; loans on real estate, 

 $1,969,013; stocks and bonds, $5,947,616; 

 real estate, $2,227,765 ; cash and cash items, 

 $18,597,350; sight deposits, $25,023,590; time 

 deposits, $8,805,357; due banks, $6,147,189; 

 capital, $14,645,045 ; surplus, $4,227,862 ; total 

 assets, $61,647,550. The total number of banks 

 in the State at the date of this statement was : 

 Incorporated banks, 110; private banks, 68; 

 national banks, 21. The increase in the two 

 years in loans and discounts is $16,592,635 ; in 

 loans on real estate, $235,695; in cash and 

 cash items, $6,555,444; in sight deposits, 

 $21,569,066; in time deposits, $378,331; in 

 amounts due banks, $3,458,703; in surplus. 

 $417,397; in total assets, $25,383,437; and 

 the decrease as follows: In amount invested 

 in stocks and bonds, $618,378; in real estate, 

 $236,137 ; and in capital, $861,039. 



The internal revenue receipts for the fiscal 

 year ending June 30th, as compared with those 

 of the previous year, for Missouri, were as fol- 

 lows: 



On July 1st the State Fund Commissioners 

 issued the certificate of indebtedness required 

 by the act of March 23, 1881, to be deposited 

 in the State Treasury for the permanent school 

 fund of the State and for the seminary fund. 

 The first-named certificate was for the sum of 

 $2,909,000, payable thirty years from date, at 6 

 per cent interest, and was in lieu of the 2,009 

 Missouri State 6 per cent bonds and the $900,- 

 000 certificate of indebtedness held in trust by 

 the State for the permanent school fund. 



The second certificate was for $122,000, run- 

 ning thirty years, with 6 per cent interest, and 

 was in lieu of the 122 Missouri 6 per cent 

 bonds held in trust by the State for the semi- 

 nary fund. 



These certificates are to be held and remain 

 a sacred and irrevocable obligation of the 

 State, unconvertible and untransferable from 

 the purposes of their issue, and are to continue 

 as representing the respective amounts of the 

 permanent school and seminary funds of the 

 State. 



The State, according to the Federal censuses 

 of 1880 and 1870, produced 24,971,727 and 

 14,315,026 bushels of wheat and 203,464,620 

 and 66,034,074 bushels of corn in the re- 

 spective census years. Of tobacco, the yield 

 in 1880 was 11,994,077 pounds. In the same 

 year 556,304 tons of coal were mined. 



The following list shows the valuations placed 

 by the county assessors and the State Board 

 of Equalization on the taxable property of the 

 State for the year 1880. The total shows an 

 increase, over the valuation of two years pre- 

 vious, of $40,855,821 : 



The above does not include the values of 

 railroads, bridges, telegraph companies, etc. 

 The value of those classes of property amounts 

 to about $40,000,000. 



The following table exhibits the gross re- 



