Treasury Department: Interest accounts with banks
Interest accounts with banks, 1882-1888.
Call no.: TR1/1719X
Related Catalog Records:
Related Catalog Records:
Scope and Content: The state treasurer was authorized by the legislature through periodic resolves to borrow money temporarily for various purposes until revenue was available. This was done through direct loans from banks, and also through the issuance of scrip or certificates of debt. These temporary loans were especially prevalent during and following the Civil War, including a deposit loan to fund the volunteer bounty (see: Registers of interest received on volunteer bounty loans of 1863 and 1864, 1863-1882 ((M-Ar)1469X). Series consists of schedules of interest payments due on sequential temporary loans.
Arrangement: Arranged by type of account, thereunder chronologically
Related Catalog Records:
Scope and Content: Pursuant to St 1839, c 50, the state treasurer and the treasurer of the Western Railroad Corporation were given responsibility, as commissioners of a sinking fund, for the care and management of the finances and monies raised to pay for the construction of the railroad. As part of this duty, the commissioners invested assets and loaned money on interest. Schedule of interest was created as an account of payments due on interest from promisors on scrip, bonds, and other loans and on interest and dividends on stock.
Arrangement: Arranged chronologically thereunder by type of account, and then by account number
Related Catalog Records:
Scope and Content: The state treasurer was authorized by the legislature to issue scrip or certificates of debt in the name of the Commonwealth to cover the financing of construction of various railroads and state institutions; improvement of lands owned by the Commonwealth; public defense; public debt; and for other temporary loans. Monies so raised were in turn invested as loans to municipalities, corporations, or individuals. Schedule of interest was created as an account of payments due on interest from promisors on such loans.
Arrangement: Arranged chronologically
Notes: Volume 1: 1855-1877. Volume 2: 1877-1882
Related Catalog Records:
Scope and Content: In 1784 and again in 1792, following the death in office of Massachusetts state treasurers Gardner and Ivers, respectively, committees appointed by the governor prepared reports on outstanding taxes, organized by town and/or tax collector, to be handed to the incoming treasurer. To account for all Commonwealth debts and assets, and to ensure their correct transfer at the end of a treasurer’s tenure, St 1791, c 59 required state treasurers to submit a full inventory of money, bonds, notes, and other Treasury assets and debts on leaving their post, for the benefit of the incoming treasurer. Starting in 1797, the focus of these reports shifted from outstanding taxes to state debts in notes and bonds. While the vast majority of reports were prepared by the Treasury, certain reports (usually prompted by the death in office of a treasurer) were prepared by outside committees at the direction of the governor. Procedure is currently mandated by MGLA c 10, s 13.
Arrangement: Arranged chronologically
Related Catalog Records:
Scope and Content: Pursuant to St 1854, c 134, the state treasurer was authorized to issue scrip or certificates of debt to finance the extension of the state loan to the Norwich and Worcester Railroad Company and to establish and manage a sinking fund. The treasurer of the Norwich and Worcester Railroad was required to deposit
Arrangement: Arranged chronologically
Related Catalog Records:
Scope and Content: The Troy and Greenfield Railroad Company was incorporated by St 1848, c 307 to build a railroad eastward from the termination of the Vermont and Massachusetts Railroad near Troy, New York to unite with the Connecticut River Railroad near Greenfield, Massachusetts. Establishing this line required tunneling through the Hoosac Mountain. The project was to have been completed in seven years, but the company was placed into receivership by St 1854, c 226. Commissioners of a sinking fund, including the state treasurer and auditor and the treasurer of the company, were appointed for the investment, care, and management of the company’s monies. A six-year extension was granted for completing the railroad but because of setbacks in construction of the tunnel, the project was not finished until 1876. The property, known as the Troy and Greenfield Railroad and Hoosac Tunnel (St 1862, c 156), was consolidated with that of the Fitchburg Railroad Company (St 1887, c 52), although the Troy and Greenfield Railroad Company itself continued in existence to 1890.
Arrangement: Arranged chronologically
Related Catalog Records:
Scope and Content: The Troy and Greenfield Railroad Company was incorporated by St 1848, c 307 to build a railroad eastward from the termination of the Vermont and Massachusetts Railroad near Troy, New York to unite with the Connecticut River Railroad near Greenfield, Massachusetts. Establishing this line required tunneling through the Hoosac Mountain. The project was to have been completed in seven years, but the company was placed into receivership by St 1854, c 226. Commissioners of a sinking fund, including the state treasurer and auditor and the treasurer of the company, were appointed for the investment, care, and management of the company’s monies. A six-year extension was granted for completing the railroad but because of setbacks in construction of the tunnel, the project was not finished until 1876. The property, known as the Troy and Greenfield Railroad and Hoosac Tunnel (St 1862, c 156), was consolidated with that of the Fitchburg Railroad Company (St 1887, c 52), although the Troy and Greenfield Railroad Company itself continued in existence to 1890.
Arrangement: Arranged chronologically
Related Catalog Records:
Scope and Content: Pursuant to St 1854, c 134, the state treasurer was authorized to issue scrip or certificates of debt to finance the extension of the state loan to Norwich and Worcester Railroad Company and to establish and manage a sinking fund. The treasurer of the Norwich and Worcester Railroad was required to deposit
Arrangement: Arranged by account, thereunder chronologically
Related Catalog Records:
Scope and Content: The Troy and Greenfield Railroad Company was incorporated by St 1848, c 307 to build a railroad eastward from the termination of the Vermont and Massachusetts Railroad near Troy, New York to unite with the Connecticut River Railroad near Greenfield, Massachusetts. Establishing this line required tunneling through the Hoosac Mountain. The project was to have been completed in seven years, but the company was placed into receivership by St 1854, c 226. Commissioners of a sinking fund, including the state treasurer and auditor and the treasurer of the company, were appointed for the investment, care, and management of the company’s monies. A six-year extension was granted for completing the railroad but because of setbacks in construction of the tunnel, the project was not finished until 1876. The property, known as the Troy and Greenfield Railroad and Hoosac Tunnel (St 1862, c 156), was consolidated with that of the Fitchburg Railroad Company (St 1887, c 52), although the Troy and Greenfield Railroad Company itself continued in existence to 1890.
Arrangement: Arranged by type of account, thereunder chronologically
Related Catalog Records: