STATEMENT No. 14. Showing Receipts from County Treasurers during the Forty-ninth Fiscal Year, from July 1, 1897, to June 30, 1898. STATEMENT No. 15. List of Warrants Canceled during the Forty-ninth Fiscal Year, from July 1, 1897, to June 30, 1898, inclusive. BONDS HELD IN TRUST FOR STATE FUNDS. Transactions in, and Interest Collections Thereon. The interest when due, and the principal on county bonds when redeemed, are payable at the offices of the several County Treasurers, thereby causing the State much expense in transporting the moneys from the places of payment to the State Treasury. Bonds of counties, in most cases, can only be bought at a premium. United States bonds are only purchasable at a premium. On account of these necessary expenditures mentioned above, which are chargeable to the various State Funds for which the bonds are held as a benefit, the bonds net a correspondingly lower rate of interest than is indicated. |