616 



MICHIGAN. 



Primary School fund $2,807,066 85 



Five per cent, fund 811,784 14 



University fund 447,742 23 



Agricultural College fund 121,164 90 



Normal School fund 68,421 32 



BaUroad and other deposits 3,88480 



Total $3,244,512 74 



The number of acres of lands sold during 

 the year, the prices at which they were sold, 

 the amount received and the amount that is still 

 due thereon, and the class to which they belong, 

 together with lands now in market, are as 

 follows : 



Lands remaining, owned by the State 8,049,905.48 



Beserved to meet road-contracts and grants. . . . 1,817,084.85 



Now in market 1,282,821 . 21 



Under acts of 1877 and former years, the 

 Auditor-General, September 27th, apportioned 

 taxes to the several counties for the following 

 purposes : 



For new Capitol $182,500 00 



For University 



For Normal School 



For Agricultural College 



For State Public School 



For State Beform School 



For State House of Correction 



For State-prison buildings and repairs 



For Michigan Asylum for Insane 



For Eastern Michigan Asylum for Insane 



For Institution for Deaf, Dumb, and Blind . . . 



For Military Fund 



For Fish Commission 



63,000 00 

 47,300 00 



50,400 00 

 26,500 00 

 71,258 00 

 81.500 00 

 12,882 00 

 67,000 00 

 47,00 00 

 81,794 50 

 7,000 00 

 For general purposes.. '.'.'.'.". 450,000 00 



Total $1,071,021 80 



Add, for indebtedness of counties 242,95T 18 



Aggregate apportionment $1,818,978 48 



Official reports from all the counties in the 

 State, except nine, show the working of the 

 law taxing dealers in distilled and malt liquors, 

 compared with 1876, as follows: 



Full returns will show about 4,000 dealers, 



with an aggregate tax of about $385,000 a 

 decrease that speaks favorably of the opera- 

 tion of the law. Under the prohibitory law of 

 1855, which gave place to the tax-law of 1875, 

 the liquor traffic was substantially free prose- 

 cutions for the sale being few and convictions 

 fewer and no revenue aided in paying for the 

 support of the paupers and criminals made by 

 the traffic. The friends of regulation are hope- 

 ful of the future. 



At the State election in November, 1876, an 

 amendment of the constitution was voted upon, 

 which struck out the provision of the constitu- 

 tion which prohibited the granting of a license 

 for the sale of liquors, which had been in force 

 twenty-five years. It was adopted by a ma- 

 jority of 8,072 votes. 



The Commissioner of Insurance, in his re- 

 port for the year ending December 31st, states 

 the aggregate of fire and marine risks written 

 during the year about $5,000,000 greater than 

 in 1876, with premium receipts reduced by 

 $170,000, and losses increased by $335,000. 

 Entire capital stock represented by companies 

 licensed, $40,565,042.70; admitted assets, $96,- 

 781,279.85 ; surplus, as regards policy-holders, 

 $64,625,707.69 ; surplus over capital, reinsur- 

 ance fund, and all other liabilities, $22,590,- 

 366.40; total impairments of capital, $80,627.- 

 68. Aggregates of risks, premiums, and losses, 

 with division between Michigan and other 

 companies, were : 



The Commissioner says : " The difference of on risks still in force assumed during the 

 $541,244.03 between premiums received and 

 losses incurred in the State cannot be consid- 

 ered as net profit. A deduction of the usual 

 estimate, 33J per cent, of the gross premiums, 

 in addition to the losses to cover the expenses 

 of the business, would show a net loss in this 

 State on Michigan business for 1877, not esti- 

 mating any further expense for reinsurance 



year. 



December 31st there were 41 county or local 

 mutual fire insurance companies doing business 

 in the State. These companies reported a 

 membership of 56,880, with aggregate risks 

 amounting to $106,036,135. These companies 

 are not permitted to take premium notes, and 

 their losses and expenses are paid (save a nomi- 



