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ANNUAL REPORT 
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THE TREASURER 
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For Period January 1st to December 31, 1933 
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GEORGE B. HAMILTON, State Treasurer 
 
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ANNUAL REPORT 
 
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STATE OF GEORGIA 
 
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For Period 
 
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January 1st to December 31, 1933 
 
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GEORGE B. HAMILTON, State Treasurer 
 
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ITHRMIES 
 
 LIST OF TREASURERS OF GEORGIA FROM 1781 TO 1933 INCLUSIVE: 
 
James Bryan John Lindsay Joseph Clay John Martin Seth John Cuthbert George Jones John Meals John Gibbons John Berrien Edwin Mounger 
George R. Clayton James Bozeman Hines Holt John Williams Thomas Haynes Benjamin B. Smith Walter H. Mitchell William B. Tinsley J. M. Patton Walter H. Mitchell John B. Trippe 
John Jones N. L. Angier John Jones J. W. Renfroe D. N. Speer 
R. U. Hardeman W. J. Speer R. E. Park 
J. Pope Brown W. J. Speer M. L. Ledford Geo. B. Hamilton 
 
.... 
 
1781 1782 1782 1783-4 1785-6 1787 1788 to 1791 1792 to 1795 1796 to 1800 1801 to 1805 
1806 to 1825 1826 to 1828 1829 to 1832 1833 1834 to 1841 1842 1843 to 1846 1847 to 1850 1851 1851-2 1853 to 1860 
1861 to 1867 1868 to 1872 1872 to 1876 1876 to 1880 1880 to 1884 
1884 to 1896 1896 to 1900 1900 to 1909 
1909 to 1911 1911 to 1931 1931 to 1933 1933 to 
 
 ORGANIZATION of 
STATE TREASURY DEPARTMENT 
 
GEO. B. HAMILTON, State Treasurer 
 
HORACE A. HIXON, Cashier 
 
JNO. A. BURCH, Bookkeeper 
 
HARVEY B. JONES, Clerk 
 
ESTELLE TOOTLE, Stenographer 
 
a? 
 
 Hon. Eugene Talmadge, Governor of Georgia, Atlanta, Georgia. 
 
March 10, 1934. 
 
Dear Sir: 
 
I beg to submit herewith my report of the operations of the State Treasury Department for the period begun January 1, and ended December 31, 1933, consisting of Eleven Schedules as per index immediately preceeding same. 
 
I invite your attention to the comment appended hereto and made a part of this report. 
 
Respectfully submitted, 
 
GEO. B. HAMILTON, 
 
State Treasurer. 
 
 INDEX TO REPORT 
SCHEDULE 1--Condensed Statement of Receipts and Disbursements General Treasury--January 1, to December 31, 1933. 
2--Analysis of Receipts--General Treasury--January 1, to December 31, 1933. 
3--Analysis of Disbursements--General Treasury -- January 1, to December 31, 1933. 
4--Analysis of Balances due on Allocated Funds and Appropriation--December 31, 1933. 
5--Analysis of Cash on hand in General Treasury December 31, 1933. 
6--Analysis of Balances of Deposit in State Depositories and Collateral December 31, 1933. 
7--Analysis of Funded Debt against General Fund Revenue of the State of Georgia--December 31, 1933. 
8--Analysis of Collateral held by Bond Commissioner -- December 31, 1933. 
9--Analysis of Funds received from United States Treasury for Highway Construction -- January 1, to December 31, 1933. 
10--Receipts and Disbursements Federal Industrial Rehabilitation Funds -- January 1, to December 31, 1933. 
11--Receipts and Disbursements Federal Vocational Funds-- January 1, to December 31, 1933. 
 
  COMMENT 
 
RECEIPTS AND DISBURSEMENTS: 
 
These are reflected in detail on Schedule "2" and "3" and show the following comparison with the previous year. 
 
1932 
 
1933 
 
Decrease 
 
Receipts Disbursements 
 
$32,322,990.62 $26,856,579.46 $5,466,411.16 31,771,826.65 25,967,148.44 5,804,678.21 
 
It will be noted that the decrease in Receipts is offset by a corresponding decrease in Disbursements. This shows conclusively that the economies effected in the operations of the State Government were brought about by reduction of revenue. Therefore, the reductions made by the Governor in taxes collected from the people were a tangible saving to them and put into effect an economical operation of the government. Reduction of taxes effected the following savings: 
 
Reductions by the Governor: 
 
Decrease 
 
Motor Vehicle Tag Tax Property Tax--General 
 
$2,807,309.91 638,558.79 
 
$3,445,868.70 
 
Reduction by Legislature: Cigar and Cigarette Tax 
(Cut from 20 % to 10 % ) 
 
395,248.49 
 
Total 
 
$3,841,117.19 
 
The balance of the decrease was by a natural reduction in Revenue due to the economic condition. In addition to the savings to the citizens of Georgia by the above cited actions of the Governor there was an actual saving in cash in the operations of the Highway Department for the year of 1933 amounting to $800,000.00. This reflects a total saving of $4,245,- 
868.70, which was brought about by the policies of the present administration. 
 
Analysis of Balances: 
 
Schedule "4" reflects in detail the balances due and undrawn by the various governmental agencies at December 31, 1933 as follows: 
 
Allocated Funds Appropriations: 
Years 1928-1931 Year 1933 
 
$2,230,099.47 
4,068,123.25 2,634,175.35 
 
Total 
 
-$8,932,398.07 
 
The unpaid appropriations for the years 1928-1931 were reduced during the year 1933 as follows: 
 
Item 
 
1932 
 
1933 
 
Reduction 
 
Pensions Common Schools Institutions University System Prison Farm--Baldwin 
 
$ 595,869.26 3,122,317.28 1,210,353.70 1,232,018.28 29,773.70 
 
$ 531,600.40 2,756,183.12 145,715.17 629,176.55 5,448.01 
 
$ 64,268.86 366,134.16 
1,064,638.53 602,841.73 24,325.69 
 
TOTALS 
 
$6,190,332.22 $4,068,123.25 $2,122,208.97 
 
 The reduction of $2,122,208.97 was effected by repealing unpaid appro- 
priations against which there were no debts contracted to the amount of $1,588,868.55 and cash from discount of W. & A. Rentals to the extent of $533,340.42. The payment of the balance of $4,068,123.25 unpaid as of December 31, 1933, has not been provided for. Cash is on hand in the Treasury held in reserve to pay the balance of $2,230,099.47 on allocated funds. Cash to the extent of $1,317,943.35 is on hand in the Treasury to pay on balances due on appropriations for year of 1933, leaving a cash deficit to meet these balances of $1,316,232.00. This cash deficit arose in the year of 1927 when the loan made for Schools was not repaid out of receipts of that year, and all receipts were paid on appropriations. It has been necessary therefore to pay the school loan each year since out of receipts of the next year and show a cash deficit at the end of the year. This cash deficit was decreased last year to the extent of $12,308.79 which was derived 
from current operating gain. 
 
Analysis of Cash on hand in General Treasury by Funds: This is shown in detail in Schedule "5" and is self explanatory. 
 
Analysis of Balances on Deposit in State Depositories and Collateral: 
 
This is reflected in detail on Schedule "6" and shows all balances cov- 
 
ered by collateral except in the following cases: 
 
Barnesville--First National Bank 
 
$ 158.44 
 
Columbus--First National Bank 
 
76.93 
 
New York Guaranty Trust Company 
 
162,545.27 
 
The first two cases were small deposits made by the Tax Collector on the last day of December and checked out the next day. The overage in the New York bank was occasioned by depositing the amount to cover bonds and interest due January 1, practically all of which was paid the next day after deposit. On April 17, 1933 when I took office as State Treasurer we had 52 State Depositories and on December 31, 1933, we had 67--an increase of 15 and there are quite a few more in process of appointment. This is in line with my policy of spreading the money over the State so far as possible rather than centralize same in a few large banks. 
 
Analysis of Funded Debt against General Fund Revenue of the State of Georgia: 
 
Schedule "7" reflects in detail the valid Funded Debt against General Fund Revenue as at December 31, 1933, as follows: 
 
Due University of Georgia Less Cash Reserve for Past Due__ 
 
$378,702.17 62,000.00 $ 316,702.17 
 
Due on Outstanding Bonds Less Sinking Fund 
Total 
 
$3,998,500.00 103,500.00 3,895,000.00 
$4,211,702.17 
 
The debt due the University of Georgia is all bonded except $90,202.17 Land Scrip upon which interest is at the rate of 7%. No reason can be found why this amount has not been bonded the same as the other. All of the bonded debt due the University carries interest at the rate of 7% per annum except $9,000.00 dated 1908 and 1909 which carry an interest 
rate of SV2 % under an amendment to the original law dated in 1898. Bonds to the amount of $62,000.00 due the University came due during the 
 
8 
 
 year of 1933 but were not presented for payment. There is some question whether these bonds can be paid in cash and retired or shall be refunded at their due date. Also the amendment to the original law fixed a rate of ZYz % instead of 7% paid by the bonds now outstanding so the bonds past due are being held by the University drawing no interest, until this question is settled by the Legislature. The last report of the State Treasurer failed to call to the attention of the Governor or the Legislature that bonds came due in the year of 1935 to the extent of $171,000.00 and there was only the constitutional Sinking Fund to the amount of $100,000.00 appropriated for 1935 to retire bonds. It will therefore be necessary for the next session of the Legislature to increase the amount necessary for the year 1936 in the amount of $71,000.00 and make same immediately available so that these bonds may be paid in July, 1935 when they are due. Interest necessary to pay on Funded Debt in the year 1934 is as follows: 
 
January 
 
July 
 
Total 
 
University Obligations Issue of 1890 
1915 1922 1926 
 
$10,927.08 2,327.50 
73,588.75 4,108.75 4,802.50 
 
$10,927.07 577.50 
73,588.75 
4,108.75 4,802.50 
 
> 21,854.15 2,905.00 
147,177.50 8,217.50 9,605.00 
 
Total 
 
$95,754.58 
 
Constitutional Appropriation to University 
 
$94,004.57 
 
$189,759.15 8,000.00 
 
Total 
 
$197,759.15 
 
The item of $8,000.00 constitutional appropriation to the University is included under Section "1394" of the Code, but I cannot find any authority for including the $100,000.00 principal of this item as a constitutional debt 
of the State. 
 
Analysis of Collateral held by Bond Commissioner: 
 
Schedule "8" sets forth in detail all collateral bonds held by me as Bond Commissioner of Georgia and is self explanatory. 
Schedules "9", "10" and "11" set forth in detail funds received by me as Custodian from the United States Treasury and need no further explana- 
tion. 
 
Properties: 
 
The State of Georgia owns the following income producing properties: 186 shares of stock in the Georgia Railroad and Banking Company with a par value of $100.00 per share which paid a dividend in 1933 of $1,860.00. 440 shares of stock in the Southern and Atlantic Telegraph Company indorsed by the Western Union Telegraph Company with a par value of $25.- 
00 per share which paid a dividend in 1933 of $550.00. Western and Atlantic Railroad leased to N. C. & St. L. R. R. for $540,000.00 per annum. Collateral bonds to amount of $600,000.00 are in the Treasury as security 
on this lease rental. Hotel Henry Grady Property known as Governor's Mansion property 
leased to Massell Realty Company for 50 years beginning June 1, 1922 with annual rental as follows: 
 
June 1, 1922 to May 31, 1932 June 1, 1932 to May 31, 1942 June 1, 1942 to May 31, 1952 June 1, 1952 to May 31, 1962 June 1, 1962 to May 31, 1972_____. 
 
$20,000.00 per year. 25,000.00 " " 30,000.00 " " 35,000.00 " " 43,500.00 " " 
 
 Hotel property at Chattanooga, Tennessee, leased to J. B. Pound for 50 years beginning December 17, 1919, with annual rental as follows: 
 
December 27, 1919 to December 26, 1929 December 27, 1929 to December 26, 1939 December 27, 1939 to December 26, 1949 December 27, 1949 to December 26, 1959 December 27, 1959 to December 26, 1969 
 
$ 8,340.00 per year 9,540.00 " " 
11,340.00 " " 14,640.00 " " 16,140.00 " " 
 
Collateral bonds to the amount of $9,550.00 together with mortgage on furniture and fixtures are in the Treasury as security on this lease rental. Insurance policies amounting to $133,000.00 are in the Treasurer's hands. 
 
General: I give you herewith a few statistical analysis of the tax dollar which 
are both informative and interesting. An analysis of the total receipts of the State of Georgia in the General Treasury reflects the following percent- 
ages : 
 
Item 
Fuel Oil Tax Property Tax Income and Gross Receipts Tax Motor Vehicle Tag Tax Cigar and Cigarette Tax Insurance Tax Special Fees Sales (Including W. & A. Rentals) Corporation Franchise Tax Occupation Tax Poll Tax Inheritance Tax Miscellaneous Receipts Professional Tax 
 
Percent 
53.06% 19.86% 
4.42% 4.34% 3.88% 3.78% 3.00% 2.48% 1.62% 1.58% 1.08 % 
.61% .27% .02 % 
 
Total 
 
100. % 
 
An analysis of the Disbursements of the State of Georgia from the General Treasury reflects the following percentages: 
 
Item 
 
Percentage 
 
Highways--State County 
 
36.0% 9.1% 
 
45.1% 
 
Education--Common Schools University 
 
26.4% 6.1% 
 
32.5% 
 
Departments, etc. Institutions Pensions 
Public Debt Judiciary Legislature 
 
6.9% 6.2 % 5.0 % 
1.9% 1.6 % 
.8 % 
 
Total 
 
100. % 
 
10 
 
 Condensed Statement of Receipts and Disbursements GENERAL TREASURY 
JANUARY 1, TO DECEMBER 31, 1933 
 
Receipts for year--SCH. "2" 
Balance on hand January 1, 1933 
 
$26,856,579.46 2,658,611.80 
 
Total to be accounted for,, 
 
$29,515,191.26 
 
Disbursements--SCH. "3".- 
 
Balance on hand 
 
December 31, 1933: 
 
Cash: 
 
Cashier's Drawer 
 
$ 1,826.87 
 
Safe 
 
13,923.97 
 
Checks on hand for 
 
deposit 
 
918,396.51 
 
Advances--Bonds and 
 
Coupons 
 
775.00 
 
Balance on Deposit in 
 
Banks--Sch. "6" 
 
2,613,120.47 
 
$25,967,148.44 
 
Total Balance on hand December 31, 1933-- 
Sch. "5" 
 
3,548,042.82 
 
Total Accounted For 
 
$29,515,191.26 
 
SCHEDULE 1 11 
 
 ANALYSIS OF RECEIPTS--GENERAL TREASURY 
 
JANUARY 1, TO DECEMBER 31, 1933 
 
SOURCE 
 
ALLOCATED FUNDS 
 
GENERAL FUNDS 
 
TOTAL 
 
Bank Examination Fees $ 62,097.79 
 
Carbonic Acid Gas Tax 
 
Cigar & Cigarette Stamp 
 
Tax 
 
924,661.71 
 
Corporation Franchise Tax_ 
 
Dividend from Stocks 
 
Owned by State 
 
Feed Inspection Fees 
 
Fertilizer Inspection Fees,,__ 
 
Fish License Fees 
 
8,402.62 
 
Fuel Oil Tax 
 
12,352,748.27 
 
Gross Receipts Tax 
 
Hunting License Fees 
 
62,970.91 
 
Income Tax 
 
Industrial Relations 
 
Assessments 
 
69,090.06 
 
Inheritance Tax 
 
Insurance Tax 
 
Interest on Deposits 
 
Kerosene Oil Tax 
 
185,751.04 
 
Land Title Registration Fees 
 
6.48 
 
Machinery Equipment Tax,, 
 
Malt Syrup Tax 
 
Miscellaneous Fees 
 
4,225.79 
 
Motor Carrier's Fees 
 
48,825.00 
 
Motor Carrier's Mileage Tax 90,000.00 
 
Motor Vehicle License Fees 981,387.10 
 
Naval Stores Inspection Fees 
 
4,872.52 
 
Occupation Tax 
 
Poll Tax 
 
Professional Tax 
 
Professional Examination 
 
Fees 
 
51,892.36 
 
Property Tax-General 
 
Property Tax-Public Service 
 
Corp. 
 
Public Service Corp. Assess- 
 
ments 
 
68,727.99 
 
Refunds 
 
18,061.04 
 
Rentals from W. & A. R. R. 540,000.00 
 
Rentals--Sundry 
 
Sales 
 
49,292.75 
 
Securities Dealers Fees 
 
9,805.00 
 
Sewing Machine Tax 
 
Soft Drinks Syrup Tax 
 
Temporary Loans 
 
; 62,097.79 
 
22,490.36 
 
22,490.36 
 
384,995.38 
 
924,661.71 384,995.38 
 
2,410.00 48,632.23 133,179.33 
62,074.11 12,489.76 
1,039,580.90 
 
2,410.00 48,632.23 133,179.33 
8,402.62 
12,414,822.38 12,489.76 62,970.91 
1,039,580.90 
 
145,330.02 900,300.78 
33,304.24 933.42 
540.00 102.55 17,494.83 
1,159.88 51,651.95 
376,640.61 257,146.34 
45,346.61 
 
69,090.06 145,330.02 
900,300.78 33,304.24 
186,684.46 6.48 
540.00 102.55 21,720.62 
48,825.00 91,159.88 1,033,039.05 
4,872.52 
376,640.61 257,146.34 
45,346.61 
 
51,892.36 4,000,619.05 4,000,619.05 
 
702,359.05 702,359.05 
 
3,657.34 
30,706.94 540,589.44 
2,080.00 7,945.91 2,500,000.00 
 
68,727.99 21,718.38 540,000.00 30,706.94 
589,882.19 9,805.00 2,080.00 
7,945.91 2,500,000.00 
 
TOTAL RECEIPTS 
 
$15,532,818.43 $11,323,761.03 $26,856,579.46 
 
SCHEDULE 2 
 
12 
 
 Analysis of Disbursements GENERAL TREASURY 
 
JANUARY 1, to DECEMBER 81, 1933 
 
STATE DEPARTMENTS, BOARDS, COMMISSIONS and BUREAUS: 
 
Executive Department: 
 
Maintenance 
 
$ 
 
Insurance on Public Bldgs... 
 
Rewards 
 
42,630.95 5,232.92 1,172.30 $ 
 
49,036.17 
 
Agricultural Department Archives and History Attorney General Auditing Department 
Banking Department: Maintenance Liquidating Division 
 
50,231.99 7,668.04 
 
217,973.91 6,412.50 
24,491.70 52,023.39 
57,900.03 
 
Commerce and Labor Dept. Maintenance 
Workmen's Compensation Division 
 
7,350.00 68,296.65 
 
75,646.65 
 
Comptroller General Education Department: 
Maintenance Common Schools 
Appropriation 
Common Schools Equalization Vocational Division Rehabilitation Division 
 
141,365.00 
3,369,384.41 
2,225,782.49 101,267.29 18,125.00 
 
99,875.00 5,855,924.19 
 
Forestry Department 
 
Game and Fish Department 
 
Geology Department 
 
Health Department 
 
Highway Department 
 
Horticulture and Entomology 
 
Department 
 
Library Commission 
 
State Library: 
 
Maintenance 
 
. 
 
Printing Court Reports 
 
8,683.38 10,153.57 
 
35,000.00 74,359.92 11,625.00 107,600.00 8,023,589.41 
53,413.98 7,300.00 
18,836.95 
 
Military Department: Maintenance Military Organization Maintenance 
 
22,675.64 22,594.26 
 
45,269.90 
 
Naval Stores Inspection 
Pension Department: Maintenance Pensions 
 
21,775.89 1,099,062.00 
 
4,548.33 1,120,837.89 
 
13 
 
 Analysis of Disbursements--General Treasury (Continued) 
 
Printing Department 
 
Prison Commission 
 
Public Buildings and Grounds 
 
Public Service Commission __ 
 
Public Welfare Department. 
 
Revenue Department: 
 
Maintenance 
 
$ 
 
Motor Vehicle Division 
 
Income Tax Division 
 
80,125.00 91,663.05 55,240.67 
 
Secretary of State: Maintenance Securities Division Examining Boards 
 
18,125.00 14,270.27 46,469.15 
 
Treasury Department: 
 
Maintenance 
 
28,519.66 
 
Funded Debt and Interest.... 303,087.89 
 
Interest on Temporary Loans 117,160.32 
 
Fuel Oil Tax to Counties 
 
2,016,059.27 
 
W. & A. Rental Discount 
 
540,000.00 
 
Temporary Loans Repaid _ 3,200,000.00 
 
5,455.74 30,981.39 53,501.16 100,981.68 23,027.98 
227,028.72 
78,864.42 
6,204,827.14 
 
Veterans Service Office: Maintenance 
Roster 
 
$14,516.34 3,000.00 
 
$17,516.34 
 
Supervisor of Purchases 
 
10,939.70 
 
TOTAL STATE DEPARTMENTS -- BOARDS--COMMISSIONS 
 
AND BUREAUS 
 
$22,694,789.19 
 
STATE INSTITUTIONS: 
Milledgeville State Hospital Georgia Training School for 
Mental Defectives 
Tuberculosis Sanitorium Training School for Boys .... Training School for Girls Academy for the Blind School for the Deaf 
Prison Farm--Milledgeville Confederate Soldiers Home . Prison Farm--Tattnall 
County 
 
870,570.06 
47,125.00 174,000.00 35,178.06 32,174.05 
34,987.75 70,488.61 79,750.00 19,989.74 
7,500.00 
 
TOTAL STATE INSTITUTIONS 
 
AGRICULTURAL EXPERIMENTAL STATIONS: 
 
Coastal Plain 
 
20,672.26 
 
Georgia 
 
4,062.50 
 
1 371 763 27 
 
TOTAL AGRICULTURAL EXPERIMENTAL STATIONS .... 24,734.76 
 
14 
 
 pi 
 
Analysis of Disbursements--General Treasury (Continued) 
 
UNIVERSITY SYSTEM: 
 
University of Georgia 
 
Georgia School of 
 
Technology 
 
South Georgia Teachers 
 
College 
 
State College of Agriculture: 
 
Maintenance 
 
$ 
 
Agricultural Extension 
 
Work 
 
73,012.26 55,066.34 
 
$ 98,971.79 98,386.25 26,201.63 
128,078.60 
 
Georgia State College for Men State Agricultural and Normal College Fourth District A. & M. School Georgia Vocational and Trades School Georgia Industrial College... Seventh District A. & M. School Eighth District A. & M. School Ninth District A. & M. School South Georgia State College Middle Georgia College Bowdon State Normal & Industrial College Georgia State College for Women Georgia State Woman's College Georgia State Teachers College Medical College North Georgia College Georgia Normal and Agricultural College Georgia State Industrial College Forsyth A. & M. School Board of Regents 
TOTAL UNIVERSITY SYSTEM 
 
JUDICIAL DEPARTMENT: Supreme Court 
Court of Appeals Superior Courts: 
Maintenance 
 
198,610.72 
 
15 
 
24,724.69 
12,371.40 
6,959.80 
8,075.99 10,392.35 
5,020.19 
6,417.00 
7,994.30 18,010.90 17,262.65 
10,932.66 
69,012.67 
32,722.03 
53,262.68 30,161.79 14,875.00 
16,161.74 
17,150.00 5,172.73 
615,730.00 
$1,334,048.84 
69,192.91 70,612.61 
 
 Analysis of Disbursements--General Treasury (Continued) 
 
Solicitor General Fees 
 
$6,400.00 
 
TOTAL JUDICIAL DEPARTMENT 
 
LEGISLATIVE DEPARTMENT: 
Maintenance Incidental Expense Index Journals Legislative Committees 
Expense Supplies, etc. 
 
TOTAL LEGISLATIVE DEPARTMENT 
 
MISCELLANEOUS: Election Expense Examination of Defendants 
for Insanity Income Tax Refunds Occupation Tax Refunds 
 
TOTAL MISCELLANEOUS.. 
 
TOTAL DISBURSEMENTS 
 
$205,010.72 
173,613.76 339.09 400.00 
3,175.84 4,008.09 
 
$344,816.24 181,536.78 
 
858.80 
175.00 6,907.38 7,518.18 
15,459.36 
$25,967,148.44 
 
SCHEDULE 3 16 
 
 Analysis of Balances Due On 
 
ALLOCATED FUNDS AND APPROPRIATIONS 
 
DECEMBER 31, 1933 
 
DEPARTMENT, ETC. 
 
ALLOCATED FUNDS 
 
Agricultural Department 
 
Auditing Department 
 
Banking Department 
 
$4,591.17 
 
Comptroller General 
 
Education Department: 
 
Administration 
 
Alto School 
 
Barret Rogers Aid to Schools- 
 
Common School Grants 
 
83,494.81 
 
County Superintendents Salaries 
 
Teacher Training 
 
Vocational Education 
 
Vocational Rehabilitation 
 
Eleemosynary Institutions: 
 
Academy for Blind 
 
Confederate Soldiers Home 
 
Public Welfare Division 
 
School for Deaf 
 
School for Mental Defectives _ 
 
State Hospital 
 
State Tuberculosis Sanitorium.. 
 
Training School for Boys 
 
Training School for Girls 
 
Entomology Department 
 
Forestry and Geology Department 
 
Game and Fish Department 
 
4,516.02 
 
Governor: 
 
Maintenance 
 
Insurance on Public Property 
 
Public Buildings and Grounds- 
 
Rewards 
 
Supervisor of Purchases 
 
Highway Department 
 
1,360,825.04 
 
Industrial Relations Department 6,020.50 
 
Law Department 
 
Library: 
 
Operations 
 
Printing Georgia Reports 
 
Library Commission 
 
Military Department: 
 
Operations 
 
Riot Duty 
 
Naval Stores Inspectors 
 
324.19 
 
Prison Commission: 
 
Maintenance 
 
Farm--Baldwin County 
 
Public Health Department 
 
GENERAL FUNDS 
 
1928-1931 
 
1933 
 
$3,000.00 600.00 
 
1,200.00 
 
932,500.00 1,823,683.12 
 
634.00 35.00 
24,996.00 192,487.50 
7,950.00 200.00 
1,250.00 250.00 
 
138,077.40 
5,574.77 2,063.00 
 
430.00 250.00 300.00 850.00 650.00 19,397.53 2,400.00 475.00 440.00 680.00 650.00 
 
568.98 5,962.49 
500.00 2,700.18 
60.00 
105.00 100.00 
90.00 2,517.17 
100.00 
6,124.26 5,051.68 
 
5,448.01 
 
340.00 900.00 1,480.00 
 
TOTAL 
$3,000.00 600.00 
4,591.17 1,200.00 
634.00 35.00 
957,496.00 2,099,665.43 
7,950.00 200.00 
1,250.00 250.00 
430.00 250.00 300.00 850.00 650.00 157,474.93 2,400.00 6,049.77 2,503.00 680.00 650.00 4,516.02 
568.98 5,962.49 
500.00 2,700.18 
60.00 1,360,825.04 
6,125.50 100.00 
90.00 2,517.17 
100.00 
6,124.26 5,051.68 
324.19 
340.00 6,348.01 1,480.00 
 
17 
 
 Analysis of Balance Due On Allocated Funds and Appropriations (Continued) 
 
DEPARTMENT, ETC. 
 
ALLOCATED FUNDS 
 
GENERAL FUNDS 
 
1928-1931 
 
1933 
 
Public Service Commission: 
 
Utilities Division _. 
 
$ 20,774.70 
 
Regents of University System __ 
 
Revenue Commission: 
 
Cigar & Cigarette Tax Division 
 
Income Tax Division 
 
Income Tax Reserve 
 
208,297.93 
 
Motor Vehicle Division 
 
Secretary of State: 
 
Operations 
 
Examining Boards 
 
11,420.65 
 
Securities Division 
 
1,031.63 
 
State Treasury: 
 
Operations 
 
Counties Fuel Oil Tax 
 
370,893.17 
 
Interest on Current Loans 
 
Interest on Fixed Public Debt.. 
 
Land Title Registration 
 
3,313.68 
 
Legislative Expense 
 
Principal of Public Debt 
 
103,500.00 
 
Court of Appeals 
 
Superior Courts 
 
Supreme Court 
 
Temporary Loan 
 
Veterans Service Office: 
 
Operations 
 
Pensions 
 
51,095.98 
 
$ 629,176.55 531,600.40 
 
$ 109,215.00 
1,050.00 17,034.37 
9,131.34 
317.50 
310.89 
83,409.13 35,556.20 
3,814.23 62,000.00 
7,278.98 2,865.24 8,277.68 2,000,000.00 
8,190.00 
 
TOTAL 
| 20,774.70 $ 738,391.55 
1,050.00 17,034.37 208,297.93 9,131.34 
317.50 11,420.65 
1,031.63 
310.89 370,893.17 
83,409.13 35,556.20 3,313.68 
3,814.23 165,500.00 
7,278.98 2,865.24 8,277.68 2,000,000.00 
8,190.00 582,696.38 
 
TOTAL ALLOCATED 
 
BALANCES _ 
 
2,230,099.47 
 
TOTAL UNPAID APPROPRIA- 
 
TIONS FOR YEARS 1928-1931 
 
TOTAL UNPAID APPROPRIA- 
 
TIONS FOR YEAR 1933 
 
TOTAL UNPAID BALANCES 
 
CASH ON HAND . Unpaid 1928-1931 Appropriations Cash Deficit for Current 
Appropriations 
 
4,068,123.25 
4,068,123.25 1,316,232.00 
 
2,634,175.35 3,548,042.82 
 
$8,932,398.07 
 
TOTAL DEFICIT 
 
5,384,355.25 
 
TOTAL. 
 
$8,932,398.07 
 
SCHEDULE 4 18 
 
 Analysis of Cash on Hand in General Treasury by Funds 
 
DECEMBER 31, 1933 
 
ADVANCES: 
 
Bonds and Coupons 
 
$ 
 
ALLOCATED FUNDS: 
 
Pensions 
 
.... $ 51,095.98 
 
Department of Banking 
 
4,591.17 
 
Department of Industrial 
 
Relations 
 
6,020.50 
 
Highway Department 
 
1,360,825.04 
 
Common Schools 
 
83,494.81 
 
Game and Fish Department 4,516.02 
 
Naval Stores Inspection 
 
324.19 
 
Public Service Commission __ 20,774.70 
 
Income Tax Reserve 
 
208,297.93 
 
Secretary of State: 
 
Examining Boards 
 
11,420.65 
 
Securities Division 
 
1,031.63 
 
Counties Fuel Oil Tax 
 
370,893.17 
 
Land Title Registration Fees 3,313.68 
 
Sinking Fund 
 
103,500.00 
 
775.00 
 
2,230,099.47 
 
GENERAL FUNDS: 
 
Reserves: 
 
Interest Coupons Outstand- 
 
ing 
 
35,556.20 
 
Interest on Current Loans.. 83,409.13 
 
University obligations 
 
outstanding 
 
62,000.00 
 
Unreserved General Fund 
 
Balance 
 
1,136,203.02 
 
1,317,168.35 
 
Total Balance of Cash on hand, December 31, 1933 
 
$3,548,042.82 
 
SCHEDULE 5 19 
 
 Analysis of Balances on Deposit in State Depositories and Collateral 
 
DECEMBER 31, 1933 
 
Name of Depository 
 
Albany 
 
City Natl. Bank 
 
Albany Exchange Natl. Bank -- 
 
Americus 
 
Bank of Commerce 
 
Atlanta 
 
Citizens & Southern Natl. Bk. . 
 
Cit.& Sou.Natl. Bk., Mitchell St. 
 
First National Bank 
 
Fulton National Bank 
 
Fulton Natl. Bank, Buckhead-- 
 
Athens 
 
Citizens & Sou. Natl. Bank 
 
Augusta 
 
Ga. Railroad Bank & Tr. Co 
 
Citizens & Sou. Natl. Bank 
 
Bainbridge First National Bank 
 
Barnesville First National Bank 
 
Brunswick National Bank of Brunswick __ 
 
Butler 
 
Citizens State Bank 
 
Calhoun 
 
Calhoun National Bank 
 
Camilla 
 
Bank of Camilla 
 
Canton 
 
Bank of Canton 
 
Cartersville First National Bank 
 
Cedartown Commercial Bank 
 
Columbus First National Bank 
 
Home Savings Bank 
 
Cornelia 
 
Cornelia Bank 
 
Cochran 
 
State Bank of Cochran 
 
Dahlonega Bank of Dahlonega 
 
Dalton 
 
First National Bank 
 
Decatur 
 
First National Bank 
 
Fulton National Bank 
 
Dublin 
 
Citizens & Southern Bank 
 
Dawson 
 
Bank of Dawson 
 
Douglasville First National Bank 
 
East Atlanta--East Atlanta Bank 
 
Eastman 
 
Bank of Eastman 
 
Elberton 
 
First National Bank 
 
Ellijay 
 
Bank of Ellijay 
 
Franklin 
 
Bank of Heard County 
 
Forsyth 
 
Monroe County Bank 
 
Gainesville Citizens Bank 
 
Glennville Glennville Bank 
 
Greenville Greenville Banking Co 
 
Jasper 
 
Pickens County Bank 
 
Jefferson 
 
First National Bank 
 
Jesup 
 
Brunswick Bank & Trust Co-- 
 
Jonesboro Bank of Jonesboro 
 
LaFayette Bank of LaFayette 
 
Lawrenceville Brand Banking Co 
 
Lumpkin 
 
Farmers State Bank 
 
Macon 
 
First Natl. Bank & Trust Co 
 
Manchester Bank of Manchester 
 
Balance on 
Deposit 
9,851.74 
8,294.77 11,559.58 510,377.58 25,729.61 474,364.19 516,818.48 49,422.58 48,813.10 47,791.36 40,000.00 9,258.57 10,158.44 24,893.46 3,255.78 9,243.69 9,099.11 19,594.81 31,464.05 14,086.50 20,076.93 4,000.00 9,330.56 1,665.00 3,205.65 20,000.00 48,274.81 44,527.75 14,243.00 2,000.00 1,712.95 4,502.00 4,343.04 8,700.00 6,297.40 9,222.95 
4,569.77 9,922.83 4,462.38 5,000.00 6,808.64 9,927.56 5,708.84 9,460.23 4,934.46 5,000.00 
4,736.51 25,829.90 
2,500.00 
 
Amount of 
Collateral 
! 10,000.00 15,000.00 12,000.00 
500,000.00 50,000.00 
1,600,000.00 550,000.00 50,000.00 50,000.00 50,000.00 50,000.00 10,000.00 10,000.00 25,000.00 5,000.00 10,000.00 10,000.00 20,000.00 40,000.00 15,000.00 20,000.00 5,000.00 10,000.00 5,000.00 5,000.00 20,000.00 50,000.00 50,000.00 15,000.00 5,000.00 5,000.00 5,000.00 5,000.00 10,000.00 7,500.00 10,000.00 5,000.00 10,000.00 5,000.00 5,000.00 7,500.00 10,000.00 10,000.00 10,000.00 5,000.00 5,000.00 
5,000.00 50,000.00 
2,500.00 
 
20 
 
 I 
 
Analysis of Balances on Deposit in State Depositories and Collateral (Continued) 
 
Name of Depository 
 
Balance on Deposit 
 
Marietta 
 
First National Bank 
 
$ 4,760.41 $ 
 
Merchants & Farmers Bank 
 
4,872.00 
 
Millen 
 
Bank of Millen 
 
9,074.03 
 
Monroe 
 
Bank of Monroe 
 
14,595.65 
 
Moultrie 
 
Moultrie Nat'l Bank 
 
9,429.31 
 
Mount Vernon-Mount Vernon Bank 
 
5,145.43 
 
Rome 
 
First National Bank 
 
7,500.00 
 
National City Bank 
 
29,974.50 
 
Savannah Savannah Bank & Trust Co 
 
46,643.68 
 
Summerville Farmers & Merchants Bank 
 
9,940.99 
 
Thomaston Citizens & Southern Bank 
 
4,522.64 
 
Thomasville Commercial Bank 
 
9,946.07 
 
Toccoa 
 
Bank of Toccoa 
 
8,814.93 
 
Valdosta 
 
Citizens & Southern Natl. Bank 32,818.33 
 
Waycross 
 
Commercial Bank 
 
14,539.40 
 
Waynesboro First National Bank 
 
9,457.27 
 
Woodbury Woodbury Banking Co. 
 
3,500.00 
 
New York Guaranty Trust Co 
 
212,545.27 
 
Amount of 
Collateral 
5,000.00 5,000.00 10,000.00 15,000.00 10,000.00 6,000.00 10,000.00 30,000.00 50,000.00 10,000.00 5,000.00 10,000.00 10,000.00 40,000.00 15,000.00 10,000.00 5,000.00 50,000.00 
 
Total Balance on Deposit Total Bonds 
 
$2,613,120.47 $3,735,500.00 
 
SCHEDULE 6 21 
 
 Analysis of Funded Debt Against General Fund Revenue of the State of Georgia 
DECEMBER 31, 1933 
 
DESCRIPTION 
 
MATURITY DATE 
 
RATE OF INTEREST 
 
AMOUNT 
 
DETAIL 
 
TOTAL 
 
DUE UNIVERSITY OF GEORGIA: 
 
Issue of 1883 
 
1933 
 
1884 April, 1934 
 
1885 May, 1935 
 
1885 July, 1935 
 
1886 April, 1936 
 
1889 Feb., 1939 
 
1890 Oct., 1940 
 
1892 July, 1942 
 
1896 July, 1946 
 
1908 Jan., 1958 
 
1909 Jan., 1959 
 
Land Scrip Fund (Not bonded) 
 
$ 7 % 7 % 7 % 
7 % 7 % 7 % 7 % 7 % S]/2 % SV2 % 7 % 
 
62,000.00 96,000.00 86,000.00 
7,000.00 
1,000.00 15,000.00 
3,000.00 2,500.00 7,000.00 2,000.00 7,000.00 90,202.17 
 
TOTAL VALID DEBT DUE UNIVERSITY 
 
OF GEORGIA 
 
% 378,702.17 
 
LESS CASH RESERVE FOR PAST DUE OBLIGATIONS 
 
62,000.00 
 
NET DEBT DUE UNIVERSITY OF GEORGIA 
 
$ 316,702.17 
 
OUTSTANDING BONDS: 
 
Issue of 1890 Issue of 1915 
Issue of 1922 Issue of 1926 
 
Jan., 1934 Jan., 1935 
July, 1935 July, 1936 July, 1937 July, 1938 
July, 1939 July, 1940 July, 1941 July, 1942 
July, 1943 July, 1944 July, 1945 July, 1945 
July, 1946 
 
Wi % ty2 % 4*A% 414% 4V4% 414% 
414% 414% 4V4% 41,4% 
41/4% 414% 414% 43,4% 
414% 
 
% 100,000.00 33,000.00 
138,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 1,525,000.00 173,000.00 226,000.00 
 
22 
 
 Analysis of Funded Debt Against General Fund Revenue of the State of Georgia (Continued) 
 
ujioumriiuiN 
 
MATURITY DATE 
 
RATE OF INTEREST 
 
AMOUNT 
 
DETAIL 
 
DETAIL 
 
Issue of 1866 Issue of 1876 Issue of 1877 
 
1886 1896 1889 
 
$1,500.00 1,000.00 1,000.00 
 
TOTAL OUTSTANDING BONDS .. 
 
LESS SINKING FUND- $ 100,000.00 
 
RESERVE FOR PAST 
 
DUE BONDS 
 
,,_ 3,500.00 
 
$3,998,500.00 103,500.00 
 
NET BONDS OUTSTANDING 
 
$3,895,000.00 
 
TOTAL NET VALID DEBT 
 
$4,211,702.17 
 
SCHEDULE 7 23 
 
 Analysis of Collateral Held By Bond Commissioners 
 
NAME 
 
DECEMBER 31, 1933 
 
TYPE OF 
 
AMOUNT 
 
COLLATERAL DETAIL 
 
. 
1U1AL 
 
DOMESTIC INSURANCE COMPANIES: 
 
Atlanta Life Insurance Co.---Ga.-Mun. & Co. $100,000.00 
 
Bankers H'lth & Life Ins. Co. Mun. & Co. 127,000.00 
 
Guaranty Life Insurance Co. . Mun. & Co. 100,000.00 
 
Indus. Life & Health Ins. Co... Ga. & Mun. 100,000.00 
 
Pilgrim H'lth & Life Ins. Co._ Mun. & Co. 100,000.00 
 
Progressive Life Ins. Co 
 
Mun. 
 
18,500.00 
 
Southern Mutual Ins. Co 
 
Ga. 
 
100,000.00 
 
State Mutual Life Ins. Co Ga.U.S.Mun & Co. 106,000.00 
 
TOTAL DOMESTIC INSURANCE COMPANIES 
 
$ 751,500.00 
 
WORKMEN'S COMPENSATION INSURANCE COMPANIES: 
 
American Mut. Liability Co.- U. S. 
 
$ 50,000.00 
 
Liberty Mutual Ins. Co 
 
U. S. 
 
50,000.00 
 
Lumberman's Mut. Cas. Co.._ U. S. 
 
50,000.00 
 
Maryland Casualty Co 
 
U. S. 
 
50,000.00 
 
U.S. Fidelity & Guar. Co 
 
U. S. 
 
50,000.00 
 
TOTAL WORKMEN'S COMPENSATION INS. COMPANIES 250,000.00 
 
SURETY COMPANIES: Aetna Cas. & Surety Co American Bonding CompanyAmerican Employees American Mut. Liability American Surety Co Century Indemnity Co Columbia Casualty Co Commercial Casualty Ins Consolidated Indemnity Continental Casualty Detroit Fidelity & Surety Co. Eagle Indemnity Co Employers Liab. Assur. Corp. Fidelity & Casualty Co 
Fidelity & Dep. Co. of Md-~ Fireman's Fund Indem. Co.. 
Glens Falls Indemnity Co Globe Indemnity Co Great Amer. Indemnity Co-- Hartford Ace. & Indem. Co... Home Indemnity Co Indemnity Ins. Co. of Amer-- Independence Indemnity Co._ Lloyds Ins. Co. of America-- Maryland Casualty Co Mass. Bonding Company Metropolitan Casualty Co 
National Surety Co National Surety Corp 
 
Co. U. S. U. S. U. S. U. S. Mun. U. S. U. S. U. S. U. S. Co. U. S. U. S. U. S. 
U. S. U. S. 
U. S. U. S. U. S. Mun. U. S. U. S. U. S. U. S. U. S. Mun. U. S. 
Mun. U. S. 
 
$ 25,000.00 25,000.00 25,000.00 
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 
4,000.00 25,000.00 
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 
25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 
 
24 
 
 Analysis of Collateral Held By Bond Commissioners 
 
NAME 
New Amsterdam Cas. Co New York Casualty Co Ohio Casualty Company Public Indemnity Co Royal Indemnity Co Standard Accident U. S. Casualty Co U. S. Fidelity & Guar. Co U. S. Guarantee Co 
 
(Continued) 
TYPE OF 
COLLATERAL 
U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. 
 
AMOUNT 
DETAIL 
$25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 25,000.00 
 
TOTAL 
 
TOTAL SURETY COMPANIES 
 
$929,000.00 
 
FIRE INSURANCE COMPANIES: 
 
Aetna Fire 
 
Mun. 
 
Agricultural 
 
U. S. 
 
Albany Ins. Co 
 
U. S. 
 
Allemania Fire 
 
U. S. 
 
Alliance 
 
U. S. 
 
Allied American Mutual 
 
U. S. 
 
American 
 
Mun. 
 
American Alliance 
 
U. S. 
 
American Automobile 
 
U. S. 
 
American Auto Fire 
 
U. S. 
 
American Central 
 
U. S. 
 
American Constitution 
 
U. S. 
 
American Druggist 
 
U. S. 
 
American Eagle 
 
U. S. 
 
American Equitable Assur 
 
U. S. 
 
American & Foreign 
 
u. S. 
 
American Fire & Marine 
 
U. S. 
 
American Reserve 
 
u. S. 
 
Anchor Ins. 
 
U. S. 
 
Associated Fire & Marine 
 
U. S. 
 
Atlantic Mutual Fire 
 
Ga.&U. S. 
 
Atlas Assurance 
 
u. S. 
 
Automobile Ins. ,,. 
 
Mun. 
 
Baltimore American 
 
u. S. 
 
Bankers Fire 
 
Mun. 
 
Bankers & Shippers 
 
u. S. 
 
Berkshire Mutual Fire 
 
u. S. 
 
Birmingham Fire 
 
u. S. 
 
Boston 
 
U. S. 
 
British General 
 
u. S. 
 
British American 
 
u. S. 
 
Buffalo Ins. Co 
 
u. S. 
 
Caledonian 
 
U. S. 
 
California Ins. Co 
 
u. S. 
 
Camden Fire 
 
Co. 
 
Carolina Ins. Co 
 
U. S. 
 
Carolina Mutual 
 
U. S. 
 
Central Mfgs. Mutual 
 
U. S. 
 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 15,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
 
25 
 
 Analysis of Collateral Held By Bond Commissioners 
 
(Continued) 
 
NAME 
Century Ins. Co., Ltd Citizens City of New York Columbia Columbia Fire Commercial Union Commercial Union Fire Commonwealth Ins. Co Concordia Fire Continental Connecticut Dixie Fire Eagle Star & Brit. Dominions East & West Ins. Co Empire State Equitable Fire & Marine Export Ins. Co Federal Federal Union Fidelity & Guar. Fire Corp.... Fidelity-Phoenix Fire Asso. of Philadelphia Fireman's of Newark Fireman's Fund of San Fran... Fitchburg Mutual First American Franklin Fire Franklin National Fulton Fire Ins General Exch. Ins. Corp General Ins. Co. of America . Girard F. & M Glen Falls Globe & Republic Globe & Rutgers Grain Dealers Nat'l Mutual_. Granite State Fire Great American Halifax Fire 
Hardware Dealers Mut. Fire . Hartford Hanover Fire Harmonia Fire Home Fire & Marine of Cal.. Home of New York Homestead Fire Homeland Ins. Hudson 
Indiana Lumbermen's Mut._... 
Ins. Co. of North America.... Ins. Co. of Pennsylvania 
 
TYPE OF 
COLLATERAL 
U. S. Mun. (Mun. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. Co. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. Mun. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. U. S. u. S. 
U. S. Mun. u. S. u. S. U. S. U. S. U. S. u. S. u. S. 
U. S. 
U. S. U. S. 
 
AMOUNT 
DETAIL 
$ 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 11,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 15,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 
10,000.00 10,000.00 
 
m^mAT 
T0TAL 
 
26 
 
 Analysis of Collateral Held By Bond Commissioners 
 
(Continued) 
 
NAME 
 
TYPE OF COLLATERAL 
 
La Fayette Fire 
 
Lincoln Fire 
 
Liverpool & London & Globe 
 
London & Lancaster Ltd 
 
London & Prov. M. & G. Ltd. 
 
London Assurance 
 
London & Scottish Assur. C'p 
 
Lumber Mutual 
 
Lumbermans Ins. Co 
 
Lumberman's Mutual of Ohio 
 
Manhattan Fire & Marine 
 
Marine Ins. Ltd 
 
Maryland Ins. 
 
Massachusetts Fire & Marine 
 
Mechanics of Philadelphia.... 
 
Mechanics & Traders Ins. Co. 
 
Mercantile of America 
 
Merchants 
 
Mechanics & Traders 
 
Merrimack Mutual 
 
Millers Mut. Fire Asso 
 
Merchants Fire Assur. Corp... 
 
Mercury Ins. Co. 
 
Michigan Fire & Marine 
 
Millers Mutual of Texas 
 
Mill Owners M. & F 
 
Milwaukee Mechanics 
 
Minn. Implement & Mutual- 
 
Monarch Fire 
 
National Ben Franklin 
 
National Liberty of America,. 
 
National Mutual 
 
National Retailers Mutual 
 
National Security Fire 
 
National Union 
 
National 
 
. 
 
Newark Fire 
 
New Brunswick 
 
New Hampshire 
 
New Jersey Fire 
 
New York Underwriters 
 
Niagara 
 
New England Fire 
 
Northern Assurance 
 
Norwich Union 
 
North British & Mercantile.... 
 
Northern Insurance Co 
 
Northwestern F. & M 
 
Northwestern M. Association 
 
North River 
 
Occidental 
 
uC.o.s. uu.. ss.. uu.. ss.. u. s. uM.usn.. 
U.S. U. S. U. S. 
Uu..Ss.. uM.usn.. u. s. 
Mun. U.S. U.S. U.S. Co. Co. Mun. 
U. S. Co. Co. Mun. 
U. S. U.S. 
uG.a.s. u. s. uu.. ss.. u. s. uu.. ss.. 
Ga. Mun. 
U. S. 
Gu.a.s. u. s. 
Ga. U. S. 
U. S. U. S. 
Uu.. sS.. u. s. 
 
AMOUNT 
DETAIL 
$ 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 12,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
 
TOTAL 
 
27 
 
 Analysis of Collateral Held By Bond Commissioners (Continued) 
 
NAME 
 
TYPE OF COLLATERAL 
 
AMOUNT DETAIL 
 
T0TAL 
 
Ohio Hardware Mut. Ins. Co. U. S. 
 
Old Colony Ins 
 
U. S. 
 
Orient 
 
_ 
 
Mun. 
 
Pacific Fire 
 
Mun. 
 
Pa. Millers Mutual 
 
Mun. & Co. 
 
Pa. Lumberman's Mutual 
 
Mun. 
 
Palatine 
 
U. S. 
 
Potomac 
 
U. S. 
 
Patriotic Ins. Co. of America . U. S. 
 
Pennsylvania 
 
U. S. 
 
Peoples National 
 
Mun. 
 
Philadelphia F. & M 
 
U. S. 
 
Philadelphia National 
 
U. S. 
 
Phoenix of Hartford 
 
U. S. 
 
Pheenix Assur. of London 
 
Mun. 
 
Providence-Washington 
 
Mun. 
 
Queen 
 
U. S. 
 
Rochester American 
 
U. S. 
 
Reliance 
 
U. S. 
 
Retail Hardware Mutual 
 
Co. 
 
Rhode Island Ins. Co 
 
Mun. 
 
Richmond 
 
U. S. 
 
Royal 
 
U. S. 
 
Royal Exchange 
 
U. S. 
 
Scottish Union & National.,,__ U. S. 
 
Seaboard Fire & Marine 
 
U. S. 
 
Security of New Haven 
 
Mun. 
 
Sentinel Fire Ins. Co 
 
U. S. 
 
Southern Home 
 
U. S. 
 
Southern Fire, N. C 
 
U. S. 
 
Southern Fire, N. Y 
 
U. S. 
 
Springfield F. & M 
 
Ga. 
 
St. Paul Fire & Marine 
 
Co. 
 
Sun Fire of London 
 
Mun. 
 
Sun Underwriters Ins 
 
U.S. 
 
Standard Fire 
 
U. S. 
 
Standard Insurance 
 
U. S. 
 
Standard Marine Ltd 
 
U. S. 
 
State Farmers Mutual Ins.____ u. S. 
 
Star Insurance Co. of Amer.__ U. S. 
 
Stuyvesant 
 
Mun. 
 
Superior Fire 
 
U. S. 
 
Thames & Mersey Marine 
 
Ga. 
 
The Tokio Marine 
 
U. S. 
 
Transcontinental 
 
U. S. 
 
Travelers 
 
U. S. 
 
Twin City Fire 
 
U. S. 
 
Union Fire 
 
Mun. 
 
Union Assur. Society Ltd 
 
U. S. 
 
Union Marine 
 
Mun. 
 
United States Fire 
 
U. S. 
 
United Mutual Fire 
 
U. S. 
 
$ 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 
10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
11,000.00 10,000.00 
10,000.00 
10,000.00 
 
28 
 
 Analysis of Collateral Held By Bond Commissioners 
 
(Continued) 
 
...,,, 
NAME 
 
TYPE OF COLLATERAL 
 
Union Ins. Society of Canton._ Virginia Fire & Marine Victory Ins. Co Western Millers Mutual Westchester Western Assurance World Fire & Marine Yorkshire Ins. Co Zurich Fire 
 
U. S. U. S. U. S. U. S. U. S. Ga. U. S. U. S. U. S. 
 
AMOUNT 
DETAIL 
$ 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 
 
T0TAL 
 
TOTAL FIRE INSURANCE COMPANIES 
 
$2,024,000.00 
 
RECIPROCAL EQUALIFICATION COLLATERAL: 
 
Maryland Life 
 
Mun. 
 
$ 60,000.00 
 
Pacific Mutual Life 
 
Surety 
 
20,000.00 
 
Fireman's Fund of San. Fran. Surety 
 
10,000.00 
 
Home Fire & Marine of Cal-- Surety 
 
10,000.00 
 
Occidental Insurance Co 
 
Surety 
 
10,000.00 
 
TOTAL RECIPROCAL EQUALIZATION COLLATERAL 
 
110,000.00 
 
STATE DEPOSITORIES COLLATERAL "SCH. 6" 
 
3,735,500.00 
 
MISCELLANEOUS COLLATERAL: 
 
J. B. Pound, Lease of Hotel 
 
Property at Chattanooga 
 
U. S. 
 
N. C. & St. L. Rwy, Lease 
 
of W. & A. R. R 
 
U.S. & Ga. 
 
$ 9,550.00 600,000.00 
 
TOTAL MISCELLANEOUS COLLATERAL 
 
609,550.00 
 
TOTAL COLLATERAL HELD BY BOND COMMISSIONER 
 
$8,409,550.00 
 
SCHEDULE 8 29 
 
 Analysis of Funds Received From United States Treasury For Highway Construction and Endorsed to the 
Governor 
 
PROJECT 
38 RE F. R. 13 F. R. 14 F. R. 15 F. R. 17 
E22 E24 E29-A E29-D 
E30-C E34 E52 E64 E76 E80 E85 E85-S E86 E87 E93 E 112 E120 E 144-A E144-C 
145 157 E 159 B E171B 179 B E 179 C E 182 196 A-B E226 A E241 A E241B E244 A E244B 252 A 252 B E268 E273 A E273B E296 A E296B 
 
JANUARY 1, to DECEMBER 31, 1933 
 
AMOUNT 
 
PROJECT 
 
$ 577.29 
4,651.60 4,442.16 2,033.39 4,264.76 128,948.42 91,069.52 
34,456.39 56,111.29 
13,656.98 114,029.46 
67,869.54 26,527.09 
1,462.67 17,760.12 67,784.70 42,982.09 95,358.21 89,964.23 
2,206.91 276.44 
91,944.49 12,228.61 47,185.94 
3,033.29 617.95 
34,992.09 55,705.41 
1,327.09 62,989.47 59,019.88 
511.19 112,592.17 
63,874.90 48,057.20 125,130.73 
95,652.47 2,380.94 
2,512.00 198,768.25 
73,083.94 
66,511.98 50,655.49 
25,229.90 
 
E322 A 339 
E347 E347C 
369 A 378 A 379 A 379 B E379B E379 A E390 A 393 B 393 C E393D E393E E402B E 402 D E402E E409F E410 E410D E410E E410G E410S E418C E418 G E419 D E444 A E444B E465D E468B E468C E470 A E470C E471B E478 A E478B E479 A 483 C 485 B E487D E489 A E490 
TOTAL 
 
AMOUNT 
$ 390.68 103.08 
1,380.00 98,538.60 
575.29 2,604.87 4,179.09 1,352.36 11,721.40 28,567.74 81,919.10 
93.82 1,204.96 135,695.86 45,011.70 44,015.33 69,695.95 1,006.38 9,087.86 
764.71 19,826.52 
594.23 63,089.78 27,449.87 18,961.69 
5,087.72 61,273.24 59,314.82 43,090.35 143,775.98 61,249.70 87,262.49 84,372.12 157,963.08 126,844.10 107,103.74 87,210.86 61,396.21 
1,044.04 983.41 
12,070.03 47,769.26 37,034.11 
$3,953,114.77 
 
SCHEDULE 9 30 
 
 ^^^^^^MMM^^^^^^^^a^HHM^^H 
 
Receipts and Disbursements Federal Industrial Rehabilitation Funds 
 
JANUARY 1, to DECEMBER 31, 1933 
 
RECEIPTS: 
 
United States Treasurer 
 
$33,570.04 
 
M. D. Collins--Administrator^ 1,130.42 
 
Refunds 
 
40.00 
 
TOTAL RECEIPTS BALANCE ON HAND 
JANUARY 1, 1933 
 
$34,740.46 5,946.00 
 
TOTAL TO BE ACCOUNTED FOR 
 
$40,686.46 
 
DISBURSEMENTS: By Warrants 
BALANCE ON HAND DECEMBER 31, 1933 
TOTAL ACCOUNTED FOR _ 
 
$33,929.03 6,757.43 
$40,686.46 
 
SCHEDULE 10 31 
 
 1 
 
Receipts and Disbursements Federal Vocational Education Funds 
 
JANUARY 1, to DECEMBER 31, 1933 
 
RECEIPTS: 
United States Treasurer BALANCE ON HAND JANUARY 1, 1933 
 
$206,347.79 9,098.96 
 
TOTAL TO BE ACCOUNTED FOR 
 
$215,446.75 
 
DISBURSEMENTS: By Warrants 
BALANCE ON HAND DECEMBER 31, 1933__.___ 
TOTAL ACCOUNTED FOR 
 
$206,072.48 9,374.27 
$215,446.75 
 
SCHEDULE 11 32 
/J ^. c^az*-^-