18 REPORT OF THE
report the same under oath to the Comptroller, in order that the
proper accounts thereof may be manifest in this office.
STATE TOBACCO WAREHOUSES.
Table No. 8 exhibits the receipts and disbursements on account
of the State Tobacco Inspections during the fiscal year, ended 30th
The gross receipts were $110,433.16, an increase over those of
the fiscal year 1870 of $23,692.93. The disbursements during the
same period, including $12,500.00 salaries of the Inspectors, amount
ed to the sum of $97,285.92, leaving the net revenue from this
source to be $13,147.24. This is a considerable advance over the
last fiscal year, which, after payment of the salaries of the Inspect-
ors, exhibited a deficit of $6,699.89.
The Constitution and the Act of 1868, Chapter 303, puts the- To-
bacco Warehouses and the accounts of the Inspectors under the
charge, supervision and adjudication of the Commissioner of Labor
and Agriculture, but as this office, unless continued by the Legisla-
ture, will expire by Constitutional limitation in a short time, some
provision will be required to vest the necessary power of supervi-
sion and control in some other Department of the Government.
Tables from 9 to 12, inclusive, exhibit the receipts from various
items of revenue, which will be sufficiently manifest by examina-
tion of the respective statements and accounts.
FOREIGN INSURANCE COMPANIES
Table No. 13 shows the receipts, during the fiscal year, from
licenses to Foreign Insurance Companies to amount to $33,445.68,
which is slightly less than the receipts from the same source during
the fiscal year 1870.
The immense amount of money carried out of this State, by the
business of Foreign Insurance Companies, constitutes a heavy drain
upon the capital of the State, and the interest taken by our citizens
in the subject, is getting to be so general and so large and import-
ant, that legislation providing for the strictest scrutiny into the
soundness of the Companies, and the most careful supervision of
the conduct of the business, is absolutely necessary for the protec.
tion of the people. All the certificates, documents and statements
necessary to a proper appreciation of the condition of every Foreign
Insurance Company, together with a copy of their charter, and ap.
pointment of Agents, should be filed and recorded in this Depart-
ment, and the filing and recording of any papers relative to said
Companies elsewhere in the State is merely a work of supereroga-