State Debt. Due on the recognized and liquidated portion of the internal improvement bonds for "five million loan," including interest to July 1st, 1845, Due on the unadjusted balance of said loan, being amount Due on general fund, Palmyra and Jacksonburgh Railroad, Due from general fund, $1,754,036 80 1,607,593 12 253,894 14 $677,716 73 101,269 37 778,986 10 $4,394,510 16 $3,343,284 92 Total debt of the State, as reported Nov. 30, 1845, Taxes past due and unsold State tax lands, Due from Detroit and Pontiac Railroad Company, about Annual State tax, current revenue, Total resources as estimated Nov. 30, 1845, 585,417 69 135.726 98 140,000 00 72,305 23 $4,276,734 82 The interest on the general fund, Penitentiary stock, &c., is met from the annual State tax or current revenue. On the University bonds, the interest is paid regularly from the income of the University fund and from other sources. On the funded debt of the State, being her internal improvement debt, or what she has received on the "five million loan," the interest has been funded, or authorized to be funded, up to July 1st, 1845; and for the interest falling due in January, 1846, and thereafter semiannually on the liquidated portion of this debt, viz., $1,754,036 80, the laws provide that the same shall be paid out of the net proceeds of the public works, and in case of deficiency from this source, a direct tax is to be levied for the balance. There being no money in the treasury on the 1st day of January, 1846, when the first payment of interest fell due, available for this purpose, the proper authorities of the several counties were officially notified of the quota of tax to be raised in each respectively. The total tax to be levied annually for the payment of the said interest is $105,242 20. It is, however, expected that the interest on this portion of the State debt will be more promptly paid from the proceeds of a sale of the “Central Railroad," which, by an act of incorporation passed by the legislature, 28th March, 1846, the State has conditionally made to a company of persons, * The Legislature, by act of March 28, 1846, poposed to sell these roads for $2,500,000. who are required to pay into the State treasury by the 28th September, 1846, a certain sum in the coupons of those bonds, or in specie funds, intended for their payment, equivalent to two years' interest, (up to July 1, 1849.) If the proposed sale is not made, then the dependence is on the assessment and collection of the tax as abovementioned. INTERNAL IMPROVEMENTS. Central Railroad, from Detroit to Kalamazoo, finished and in full operation, length, 144 miles. Southern Railroad, from Monroe to Hillsdale, finished and in full operation, length, 68 do. 10 do. 222 miles. Tecumseh branch of Southern Railroad, Total length of Railroads finished, belonging to the State, Central Railroad. Receipts, from Dec. 1, 1844, to Nov. 30, 1845, 9,759 32 Paid for railroad iron, locomotives, new cars, &c., 87,794 41 $202,746 57 Disbursements. Running expenses during the year, $15,884 73 Repairs of road, new cars, &c., Construction, and paid Commissioner, 33,936 68 12,914 21 $62,735 62 Comparative Statement of Receipts on the Central Railroad during the first seven months of the fiscal years of 1845 and 1846. Excess of receipts in 1846, for the months abovementioned, $90,213 77. STATE LAND OFFICE, located at Marshall, organized in 1843. The sales of internal improvement, school, University, and State building lands, and receipts on account of principal and interest, in 1843, amounted to In 1844, Total receipts, $105,866 19 173,606 92 184,802 07 $464,275 18 Of the half million acres of land granted by Congress to the State for internal improvement purposes, 492,504 acres have been selected, of which there have been sold, to the close of the last fiscal year, Nov. 30, 1845, 206,832 The balance of the grant has been since selected in the mineral region of Lake Superior. acres. STATE PRISON, located at Jackson. The number of prisoners remaining in prison, Oct. 31, 1845, was 119. Admitted during the year ending as above, 37. Discharged during the same period, 40. Whole number of commitments from March, 1839, to Oct. 31, 1845, 327, as follows: Number discharged, died, &c., during same time, as follows: By expiration of sentences, 135 Killed in attempt to recapture him, 1 By pardon, Escaped, Died, Committed suicide, PUBLIC INSTRUCTION. University Located at Ann Arbor. University Endowment and Revenue. The principal of the University fund consists of the proceeds of the 72 sections, or 46,000 acres, of land granted by Congress for the support of this institution. These lands have been selected from the most valuable of the State; the minimum price of which was originally $20 per acre, now $12 per acre. Of these lands there were sold to Nov. 30, 1845, 17,142 acres, for $201,688. The revenue of the University for the year ending Nov. 30, 1845, was $9,724 74, of which, after paying interest on their loan from the State, there was left available for the support of the institution the sum of $6,138 39, which is an excess over the previous year of upwards of $2,000. Board of Regents. - Rev. C. C. Taylor, Rev. Elijah Pilcher, Hon. Elon Farnsworth, Hon. A. H. Redfield, Maj. Jena. Kearsley, Rev. Marvin Allen, Hon. Edward Mundy, John Owen Esq., Rev. George Duffield D. D., Dr. Zina Pitcher, Hon. Austin E. Wing, Minot T. Lane, Esq. The Governor is ex officio President of the Board; and the Lt. Governor, Chancellor, and Justices of the Supreme Court are ex officio members. Eben. N. Willcox, Acting Secretary; Prof. George P. Williams, Librarian; Digby V. Bell, Treasurer. Faculty. - George P. Williams, A. M. Professor of Natural Philosophy and Mathematics; Abram Sager, M. D. Professor of Zoology and Botany; Rev. Andrew Tenbrook, A. M. Professor of Moral and Intellectual Philosophy and President of the Faculty; Rev. Daniel D. Whedon, A. M., Professor of Logic, Rhetoric, and the Philosophy of History; Rev. John H. Agnew, A. M., Professor of the Greek and Latin languages. Burritt A. Smith, A. B., Tutor in Latin and Greek. Silas H. Douglass, M. D., Lecturer in Chem. and Geol. Branches. At Kalamazoo, Rev. J. A. B. Stone, A. M., In University, 70 Students. do. 103 do. Library, &c. The library was purchased in Europe, and consists of between 4,000 and 5,000 volumes of well-selected standard works in the various departments of literature and science. The collections in the department of Natural History embrace a valuable cabinet of Minerals, consisting of between four and five thousand specimens; and suits of specimens illustrative of the Geology, Zoology, and Botany of Michigan. Expenses. The only charges of the Institution are an admission fee of $10, and a charge ranging from $5 to $7.50 a year, for room rent and the services of the Janitor. No charge is made for tuition. Including board, washing, and books, the necessary expenses of a student for a year will range from $70 to $100. Common Schools. The fund for the support of common schools arises from the sales of section 16, or its equivalent, in each surveyed town of 36 sections, set apart by Congress for this purpose. The whole number of acres of School lands in the State is 1,140,000, of which 759,518 acres lie in the lower peninsula, and 380,482 acres in the upper peninsula. The minimum price of these lands is $5 per acre; but a large quantity has already been sold at a much higher price. Of these lands there were sold, up to Nov. 30, 1845, 69,421 acres for $457,042. The proceeds of this fund are annually distributed among the several school districts. The amount thus distributed in May 1845, was $22,113, and in May 1846, $27,925; which last sum being divided among 90,008 scholars, the number reported for the year 1845, gives 31 cents for each scholar. In addition to this there is raised on the several townships, for the support of schools, a half mill tax, yielding about $14,000 more. * Including four towns set off from Lapeer county since 1840. The number of Senators is 50, and of Representatives, 100. 500 Quartermaster General, 100 |