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On the second head, that of a reasonable commission for his disbursements during the late war, I have allowed him 5 per cent on the whole sum disbursed by him, amounting to $92,213.13. I have made him this extra allowance in consideration of the aid which he afforded to the Government at that important epoch in obtaining the loan of a considerable part of the sums thus disbursed.
Within ninety days after the close of the exposition, such commission shall make a verified report to the comptroller of the disbursements made by it, and shall return to the state treasury the unexpended balance of money drawn in pursuance of this act. No indebtedness nor obligation shall be incurred under this act in excess of the appropriation herein made.
The passage of what is known as the disability bill has, as was foreseen, very largely increased the annual disbursements to the disabled veterans of the Civil War. The estimate for this fiscal year was $144,956,000, and that amount was appropriated. A deficiency amounting to $10,508,621 must be provided for at this session.
Soon after his arrival at the Presidency, he requested me to form the account of his receipts and disbursements, which you will find journalized in the 280th, &c., and 307th pages of the Honorable Company's general books of the year 1781-2. My official situation as accountant-general had previously convinced me that Mr.
It concerned, he said, the credit of his own family, and of the kingdom of Scotland at large, that these disbursements should be repaid forthwith, and, if delayed, if would be a matter of national reproach.
How the money poured in may be realized from the fact that the excess of receipts over disbursements for the month ending November 16th was four hundred and thirty thousand dollars. Hitherto Miller had been the central figure. Col. Robert A. Ammon now became the deus ex machina.
This relieved the situation so that soon after that time the Regents were able to report that the disbursements were less than the receipts. For several years the State exacted interest for this loan and in 1850 deducted $100,000 from the University fund held by the State.
The receipts will be fully seven hundred thousand dollars, and our complete disbursements, by the time we have sold out, will not amount to over two hundred and twenty-five thousand. Of course, I don't know I haven't asked, and you wouldn't tell me if I did just by what promises you are bound, but when I close up this deal you're going to marry me! That's flat!"
If the public money be not permitted to be thus used, but be kept in the Treasure and paid out to the public creditors in gold and silver, the temptation afforded by its deposit with banks to an undue expansion of their business would be checked, while the amount of the constitutional currency left in circulation would be enlarged by its employment in the public collections and disbursements, and the banks themselves would in consequence be found in a safer and sounder condition.
For the time, therefore, the importunate demands of the queen for repayments by the States of her disbursements during the past ten years were suspended. It had, indeed, never been more difficult than at that moment for the republic to furnish extraordinary sums of money. The year 1595 had not been prosperous.
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