Papers Of Abraham Lincoln

Report of Committee on Finance regarding the State Treasury, [16 February 1837]1

The committee on Finance, who were required by a resolution to ascertain the amount of money annually receivable into the State Treasury by opperation of the existing revenue ^laws^; and also, the amount necessary to meet ^the^ current expenses of the government, report:

That the amount receivable from all sources is $ 57,895.15

And the amount required 55,151.97

The different items, forming the above amount of money are as follow (viz)

From ^non^ resident land tax $44,395,15

From State Bank 12.000.00

From Shawaneetown Bank 15 1500.00

Total as above 57,895.15

As to the amount necessary to meet the current expenditures of the government, the committee on Finance, have relied on a report made by the Committee on Public Accounts and Expenditures, which, as above, is $55.151.97

The committee on Finance, on looking over the report of the committee on Public Accounts and Expenditures, discover that, nothing is all in their judgement, much too small a sum is allowed for a Contingent fund; they, therefore, think it prudent to add 15.000.00

Total 70.151[.]97

From which take the revenue 57.895[.]15

Leaving a deficit of. 12 256[.]82

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1
Report of Committee on Finance on Expenses &c of Government &c

1On February 10, 1837, John Dawson introduced a resolution in the House of Representatives, requesting the Committee on Finance to report on the financial condition of the state, and the House adopted it. On February 16, Abraham Lincoln reported on behalf of the Committee to the House. The report is entirely in Lincoln’s handwriting.
Illinois House Journal. 1836. 10th G. A., 1st sess., 551-52, 603-604.

That the amount receivable from all sources is	$ 57,895.15
And the amount required	55,151.97

From ^non^ resident land tax	$44,395,15
From State Bank	12.000.00
From Shawaneetown Bank	15 1500.00
Total as above	57,895.15
As to the amount necessary to meet the current expenditures of the government, the committee on Finance, have relied on a report made by the Committee on Public Accounts and Expenditures, which, as above, is	$55.151.97
The committee on Finance, on looking over the report of the committee on Public Accounts and Expenditures, discover that, nothing is all in their judgement, much too small a sum is allowed for a Contingent fund; they, therefore, think it prudent to add	15.000.00
Total	70.151[.]97
From which take the revenue	57.895[.]15
Leaving a deficit of.	12 256[.]82