We refer you to table "A," attached to this report, for the amounts loaned by this Fund on mortgages to the different counties. There are many mortgages of long standing belonging to the Fund that are secured on lands and lots which have been forfeited to the State, and will not perhaps sell so readily and for so much at the Court House door in Indianapolis as they would at the Court House door in the county where the land is situated. We, therefore, for the purpose of avoiding apprehended loss, would recommend that a law be passed authorizing this Board to sell such lands and lots, as the Board in their discretion shall think best, at the Court House door in the county where such lands and lots are situated, upon proper notice. We also refer you to table marked "B" for the Clerk's report of the condition of this Fund. TABLE "A." Showing the amount on Mortgage Loan, in the several counties therein named, includiag the loans to the Benevolent Institutions and to the TABLE "B." STATEMENT of the Sinking Fund of the State of Indiana, January 2d, 1865, MEANS. LIABILITIES, Indiana Five per cent. stocks Loans on Mortgages, including Loans to the Asylum for the Blind and. State University. $883,782 65 Bank Loan Bonds of the State of Indiana, issued. Amount purchased and held by the Fund.... $1,390,000 00 1,380,000 00 $446,672 67 Indiana Two and a half per cent. stocks.. 51,272 50 Indiana Internal Improvement Bonds, (Wabash College).. Indiana State Bond for loan of Funds to pay Interest on Remainder outstanding.. $10,000 00 10,400 00 To mortgages for excess of bids on sale of their lands above the amount due. on their Loans........ State debt of July 1, 1858.. 165,000 00 Nett amount of the Fund Indiana State Bond for advance of the Fund to the State.... 5,557 61 3,993,354 81 1,188,219 64 Indiana Six per cent. Bonds, (War Loan Bonds). 422,000 00 Indiana University Bonds, (Issued to Vincennes University) 3,000 00 2,286,564 81 Indiana University Trustee Bonds, (7 per cent.) 7,000 00 Banking House of the Fund.... 16,542 72 Cash distributed in the Counties of the State under the law of March 1, 1859... $348,672 85 Mortgage Loans transferred to Counties.......... 2,275 80 350,948 65 Cash on deposit with Winslow, Lanier & Co., and Henry J. Lyons & Co., New York, First National Bank, Indianapolis, S. A. Fletcher & Co., and P. M. Parks & Co... |