494 



MAINE. 



exceptional commercial privileges in return for 

 moral support against the French encroach- 

 ments. 



MAINE. STATE GOVERNMENT. The follow- 

 ing were the State officers during the year: 

 Governor, Harris M. Plaisted, Fusion ; Secre- 

 tary of State, Joseph O. Smith ; Treasurer, 

 S. A. Holbrook ; Attorney-General, Henry B. 

 Cleave; Adjutant- General, George S. Beal; 

 Superintendent of Common Schools, N. A. 

 Luce ; Insurance Commissioner, Joseph B. 

 Perks ; Kailroad Commissioners, A. W. Wildes, 

 John F. Anderson, and 0. J. Talbot; State 

 Librarian, Josiah S. Hobbs. Supreme Court : 

 Chief-Justice, John Appleton. 



FINANCES. The following financial state- 

 ment covers the receipts of 1881 and receipts 

 and expenditures of 1882 : 



The cash in Treasury January 1, 1881, was $160,338 64 



The receipts during the year were 1,417,526 S3 



Total $1,577,865 47 



The expenditures during the year were 1,435,460 21 



The cash in Treasury December 81, 1881, was. . 142,405 26 



Total $1,577,865 47 



The receipts for the year 1881 were from 

 the following sources : 



State taxes $1,104,145 77 



County taxes 9,404 50 



Taxes on savings-banks 177,887 66 



Tax on railroad, telegraph, and insurance com- 

 panies 78,192 33 



Sale of bonds issued by the State College of 



Agriculture and Mechanic Arts 30,000 00 



Interest on deposits and taxes 1,967 97 



Miscellaneous sources 15,928 60 



LIABILITIES AND RESOURCES. 



$1,417,526 83 



Cash on hand January 1, 1882, was $142,405 26 



The receipts during the year were 1,432,130 20 



Total $1,574,535 46 



The expenditures during the year were 1,099,830 94 



The cash in Treasury December 31, 1882, was . 474,704 52 



Total $1,574,535 46 



The receipts for the year 1882 were from the 

 following sources : 



State taxes $1,055,289 62 



County taxes 11,501 06 



Tax on savings-banks 206,469 43 



Tax on railroad, telegraph, express, and insur- 

 ance companies 138,601 89 



Interest on deposits and taxes 10,532 31 



Miscellaneous sources 9,735 89 



Total $1,432,130 20 



The expenditures for 1882 were as follow : 



Public debt... $52,00000 



Interest on public debt 826,912 00 



Sinkingfund 80,479 95 



Educational purposes. . .TV. 370,005 43 



Agricultural purposes 8,776 50 



State College of Agriculture and Mechanic Arts. 1,000 00 



Penal and reformatory institutions 24,815 40 



Sundry other institutions 11,400 00 



Insane and other State paupers 44,239 87 



Military purposes 15.235 56 



Pensions 19,582 70 



Railroad and telegraph taxes paid to towns and 



cities 14,727 09 



Indian tribes 13,785 85 



County taxes paid 9,384 49 



Miscellaneous and current expenses of the State 

 government, including salaries of all State 



officers, judges, and county attorneys 107,487 10 



STATE DEBT. The total bonded debt of the 

 State, less the sinking fund : 



January 1, 1881 $4,576,043 



1 883 4,1 78,715 



The State continues to make provision, to a 

 limited extent, to alleviate the pressing neces- 

 sities of the deserving soldiers and seamen of 

 the late war, who incurred disability in the 

 service, and of their widows, orphans, and de- 

 pendent parents. The appropriation for 1882 

 was $22,000 ; the amount expended was $20,- 

 550.10 ; the number of applicants was 757 ; the 

 number allowed was 611. 



The first savings-bank in Maine was the Saco 

 and Biddeford Savings Institution, organized 

 May 27, 1827. There are now in active opera- 

 tion fifty-five, all but six of which have been 

 chartered since 1865. 



were $1.466,457 56 



" 6,579,88878 



" 23,277,675 82 



" 26.474,555 97 



71 



In 1860 the de 



" 1870 

 " 1880 

 " 1881 

 " 1882 



On the ground that the earnings of savings- 

 banks must necessarily grow smaller as the old 

 securities mature and new investments are 

 made, the Bank Examiner calls attention to the 

 fact that the State tax of one per cent on the 

 deposits has become disproportionate to their 

 income, and recommends that a reasonable re- 

 duction be made. 



AGGREGATE STATEMENT OF SAVINGS-BANKS, NOVEMBER 

 1, 1882. 



Liabilities. 



Deposits $29,503.889 71 



Eeserved fund 958,893 19 



Special reserved fund 117.556 51 



Profits and interest 776,698 74 



Other liabilities 73,598 09 



Total $31,430,636 24 



Resources. 



Cash on hand and on deposit $872,799 58 



United States bonds 5,641,157 88 



State of Maine bonds 58,875 00 



Other public funds 9,407,88187 



Kailroad bonds 2,690,589 98 



Bank-stock 1,408,307 83 



Other investments 1,050,964 21 



Real estate owned 1,149,28210 



Loans on mortgages of real estate 5,180,472 56 



Other loans 8,964,905 83 



Total $1,099,880 94 Total $31,480,636 24 



