| OF IOWA | 355 |
| Amount in the Treasury October 3, 1856 | $11,254.91 |
| Paid into the Treasury during the year | 231,234.42 |
| Total | $242,489.33 |
| Amount paid out during the year | 228,806.23 |
| Balance in the Treasury November 1, 1857 | $13,683.10 |
| Due on the assessment of 1857 | 418,709.59 |
The defalcation of James D. Eads, late Superintendent of Public Instruction of school funds, was reported to amount to $46,403.81.
The Governor urged the Legislature to provide for the payment of the volunteers, who marched under Major Williams to protect the settlers of northwestern Iowa from the Sioux Indians, in March, 1857. On the 14th of January, 1858, the General Assembly in joint convention proceeded to canvass the votes cast for Governor and Lieutenant-Governor and declared the following result:
| Ralph P. Lowe | 38,498 | votes. |
| Ben M. Samuels | 36,088 | |
| T. F. Henry | 1,004 |
Ralph P. Lowe was declared elected.
For Lieutenant-Governor:
| Oran Faville | 37,633 | votes. |
| George Gillaspy | 35,310 | |
| Eastin Morris | 1,000 |
Oran Faville was declared elected and on the same day the newly elected Governor and Lieutenant-Governor were sworn into office, and Governor Lowe delivered his inaugural address to the General Assembly.
The most important acts of this session were the framing of laws providing for the organization of a State Bank, with branches, and also a general banking law. These acts were to be submitted to a vote of the electors of the State.
