| In | 1857 | $1,236,204.26 |
| 1858 | 1,008,620.50 | |
| 1859 | 999,899.76 | |
| 1860 | 1,193,896.41 | |
| 1866 | 6,877,720.85 | |
| 1867 | 5,953,003.31 | |
| 1868 | 5,908,678.48 |
Massachusetts Public Documents for the years named.
[341] C. R., 1870.
[342] C. R., April, 1871, p. 14; C. R., April, 1872, p. 17; B. L., p. 13; Conley’s message to the legislature, Jan. 11, 1872 (quoted in B. A., p. 6, and in K. K. R., vol. i, p. 141).
Of these bonds 3,000, representing a debt of $3,000,000, were issued under a law of Sept. 15, 1870 (S. L., 1870, p. 10), authorizing the governor to issue bonds for various purposes without specified limit as to amount. The rest were issued under an act of Oct. 17, 1870 (omitted from the session laws, see Conley’s message just cited), authorizing the governor to issue to the Brunswick and Albany railroad state bonds to the amount of $1,880,000 in exchange for bonds of the railroad to the amount of $2,350,000.
In addition to the bonds already mentioned, bonds to the amount of $600,000 were issued under acts of 1868 (S. L., 1868, pp. 14 and 138.) These were not sold and were returned to the possession of the state during Bullock’s administration (Angier’s statement, K. K. R., vol. 6, p. 162). Also, before the issue of $3,000,000 mentioned, bonds to the amount of $2,000,000 were issued (Conley’s message cited). These were hypothecated with several bankers in New York. Some of them, amounting to $500,000, were returned and cancelled during Bullock’s administration (Conley’s message). The rest, amounting to $1,500,000, remained in the hands of the bankers. Conley stated, in January, 1872 (message cited), that these bonds had been replaced by bonds of a later issue and canceled during Bullock’s administration, and had therefore ceased to be a claim against the state. This statement conflicts with three facts. 1. The bankers who held these bonds refused to return them after their alleged cancellation. 2. One of these bankers sold the bonds which he held after their alleged cancellation (Henry Clews, Twenty-eight Years in Wall Street, p. 277). 3. The legislature of Georgia repudiated these bonds in 1872, which would have been unnecessary if they had been cancelled. It seems probable, therefore, though not certain, that this $1,500,000 should be added to the debt incurred by the reconstruction government.
[343] S. L., 1868, title xvii.
[344] Ibid., 1869, title xv.
[345] Ibid., 1870, title xi, division vii.
[346] Angier’s statement, K. K. R., vol. i, p. 129.