312 JOURNAL OF PROCEEDINGS [Feb. 18,

Outstanding of, chap. 41 of

1847 -------- $206, 356 28

Amount of debt per said

books of chap. 302 of 1837. 269, 000 00

Cr,

By bonds of chapter 302 of
1837, redeemed and de-
stroyed ------- 265, 000 00

Outstanding of chap. 302 of

1837. -------- $4, 000 00

Of these:

Two bonds are now in Treas-
ury awaiting redemption. $2, 000 00
Two certificates or bonds to

Jno. S. Gittings in trust for

redemption of which Legis

lative authority is asked,

as same are alleged to be

lost -------- 2, 000 00

————— 4, 000 00
Entry of Coupons Collected.

The committee examined the books of the Treasurer
and found that all the coupons which had become
due, both on the bonds of the State, and those on the
bonds or stocks of private securities held in the Sink-
ing Funds had been properly entered in said books
on the date of the payment of the same.

Recommend ations and Suggestions.

The committees would respectfully submit to the
General Assembly the following suggestions and rec-
ommendations:

1. The Sinking Fund on the books of the Treasurer
and Comptroller should be kept separate, all moneys
passed to the credit of said fund should be credited
as credits to these funds separately, and all purchases
in the same way debited, so that at a glance at the
books the condition of each fund could be ascertained.

2. The stocks and bonds not of the State debt should
be stamped "Purchased for the Sinking Fund, " as
the law requires, or the law repealed; this law is not
observed by the Treasurer, because upon consultation
with prominent bankers he was advised that such