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This Day in Georgia Civil War History

October 31, 1863

Richmond Newspaper Printed Details on Georgia’s Financial Condition

The Richmond Times Dispatch printed some details on the financial condition of the state of Georgia, which was promising for the time being. Things would change dramatically in 1864.

The financial condition of Georgia. The report of the Comptroller General of Georgia furnishes us some interesting facts about the financial condition of the “Empire State” of the Confederacy. The receipts into the treasury for the fiscal year 1863 are put down at $8,758,442 45. Of this $5,268,000 was derived from the issue of treasury notes; $1,650,000 from the net earnings of the Western and Atlantic railroad; $473,660 from issue of State change bills; $945,294 70 from general tax, 1862; $125,241 64 from income tax; $109,185 30 from general tax 1863; $20,000 from Savannah gunboat fund; $15,354 11 from net earnings of card factory, &c. The disbursements for the same period are set down at $7,351,841 43. Of this amount $2,462,101 75 was for the $5,000,000 fund; $1,080,000 for the soldiers’ clothing fund; $1,690,430 25 for the indigent soldiers’ family fund; $202,387 65 for the fund to supply the people of Georgia with salt; $450,000 for the Georgia relief and hospital association; $350,000 for the manufacture of small arms, &c. There is a balance in the treasury of $2,099,663 44. The Comptroller anticipates the receipts of the ensuing year at $2,598,759 04. From general tax $1,480,000; net earning W. and A. railroad $600,000; and income tax $374,758 36, constitute the leading items. He recommends the issue of treasury notes or change bills, payable in currency or Confederate treasury notes, of denominations of $1, $2, $3 and $4 bills, besides 50 and 25 cent bills. The beneficiaries of the indigent soldiers’ families fund are stated thus: Widows of soldiers who have died in service $4,022; disabled soldiers by sickness or wounds 553; wives and mothers dependent upon soldiers in service not able to support themselves 22,855; orphans of soldiers under twelve years of age 8,556; children of women not widows dependent upon soldiers in service 46,219; children over twelve years of age not able to support themselves, and dependent upon indigent soldiers in service, 582; children and all other indigent persons unable to support themselves but dependent upon soldiers 841. Total 83,628.