By the provisions of "an act concerning the public debt," approved Feb. 12, 1849, the school funds received from the general government are no longer paid into the state treasury to be used as revenue, but are very properly applied to their appropriate object, that of establishing a permanent fund for educational purposes. This fund being withdrawn from the treasury, leaves the entire expenses of the state government, as also that of all special appropriations made hereafter by the legislature, to be paid from the proceeds of the two mill tax, which is now assessed and collected for revenue purposes. The latter fund alone, however, is ample, after paying from its proceeds for stationery, fuel and other demands for the public use for the ensuing two years. For the first time since the formation of our state government, we have in the treasury a sum equal to, and which will be applied, for defraying the expenses of the present session of the general assembly.

If the revenue of 1850 shall be paid in with reasonable promptness, and the larger appropriations be distributed at intervals through each year, so that extensive demands against the treasury may not occur earlier than the months of June or July, it is believed that the treasurer will then be able to pay off all warrants when presented at the counter, and thereby prevent the losses that heretofore have occurred to the state and to individuals.

The increasing duties and pecuniary responsibilities of the treasury departnent, now require the assistance of a trustworthy and competent clerk. The necessity of providing by law for the payment of such a clerkship in the treasurer's office, is, with great deference, submitted to the wisdom of the legislature. JOHN MOORE, Treasurer.

State Treasurer in account with the State of Illinois.

DR.

ON ACCOUNT OF REVENUE.

To balance in the treasury on the 1st December, 1848,

To amount received from sheriffs and collectors for taxes from the first of
December, 1848, to the 30th November, 1850, inclusive, -
To amount for hawkers' and pedlers' licenses and for Quincy House rent,
To amount received for premiums on insurance companies, and for Quincy
house insurance refunded,

To amount received from clerks for lands sold and redeemed,
To amount for fees, fines and sales of seminary lands,

CR.

By amount of auditor's warrants received for revenue, cancelled and deposited in the auditor's office from the 1st day of December, 1848, to the 30th November, 1850, inclusive,

By interest on the same,

By amount of certificates for interest on the school, college and seminary funds, received for revenue and cancelled,

To amount received to the 30th of November, 1850, inclusive,

DR.

ON ACCOUNT OF THE INTEREST fund.

To balance in the treasury 1st December, 1848,

To amount received from the 1st Dec., 1848, to 30th Nov., 1850, inclusive,

829 25 296,326 89

297,156 14

CR.

By amount paid on warrants drawn by the governor, from December 1st, 1848, to November 30, 1850,

263,034 50

To amount to balance,

34,121 64

297.156 14

DR.

INSANE HOSPITAL TAX.

To balance in the treasury, 1st December, 1848,

To amount received from 1st Dec., 1848, to 30th Nov., 1850, inclusive,

235 45 40,318 43

40,553 88

CR.

By amount paid on warrants drawn by the governor, from December 1st, 1848, to November 30th, 1850,