The Rodney telegraph. (Rodney, Miss.) 1838-1840, 1839-01-19

be delivered over "a 6 = ~ Fl
appointed. Suitable S. IL l. =. S. : ~ 4
found necessary to prevelSk s. : S 3
OF tho State funds in such sscal = = IS u Il
All the Lots in the CITY s. ~
longing to the State, have been Is s sih6
excepted, reserved for public pdlf e M
for the health, ornament and COW II|i 2I|s
the city. TIE late sales a,nount1 y S. IS
sum ofone hundred and seventy-eicRp Il 5Ss
sand nine hundred and one dollars. r(f9 I fII8
III one, two and three years. This x1S57 S3
It could be made available, would "a Mn
cient to finish the State House and iiiIbfby 3
the adjacent grounds.
Large appropriations will be reqiijf sd l6
flnlsh the Penitentiary--provide toolilE al {II6
convicts, materials too keep them S{II3{YIbs
employed and pay for the Superiiitcf Ida 8 Is 1
With a sound currency the price, I5b0r
and materials will be greatly diminish ed q ~
In pursuance Of the authority vested ia
the Executive, by Law, transferred Is tIie
Mississippi Union Bank twenty-five thou
sand one hundred and six dollars andsffffy
two cents OF the notes, payable in one wear.
taken in payment of Lots sold in the citv 81
Jackson in November 1898; is herewith
The nett proceeds of said notes amounting
to the sim of twenty three thousand four
hundred and serenty-three dollars and eiali-
teen cents, has been paid over to the Treas
nrer. The account of sales of Lots sold ON
2lst and 22nd of November, 1888, is here
with transmitted. 1t will show that they
brought fair price, and that the sale could
not nave taken place at more favorable
period. The lien reserved on them all ,togeth-
er with the personal security, will ensure the
payment of'he purchase money.
The Capitol, although not flashed, is so
tar advnced as to afford accommodation 70
the Legislature and the various public oifi-
GERS. The building has progressed very
slowly the past year, and it is believed that
the expenditures have been unusually ex-
travaganf. A rigid scrutiny into all the con-
tracts and accounts of the officers, charged
with the erection of the State House and
PenItentiary, is necessary. 1t will enable
you to ascertain what further Legislation,
may be required, in order to ensure the
speedy completion Of the Public Buildings.
on reasonable terms.
The Resolution in relation to the Reve-
nue. OF this State, approved May 10Th 1897,
VIII engage your early attention--the reas-
ons Tor ITS passage have in great measure
ceased, and the paper of those banks that
nave tailed to resume cannot, any longer, be
taken with safety. Should the Resolutions
continue in force, the paper OF worthless
hanks, alone will be paid into the Treasury,
by the Tax collectors, and it cannbt be'nsed
IN payment of the charges on the Treasury.
suggest the propriety Of authorizing the In
stlt''iion Of suits on all the notes in the
Treasury, on Banks which do not redeem
their issues in specie. Ii the salaries of the
public officers are considered to be too hiph,
they should be reduced, but it is gross inins-
ttce topay the creditors of the State in funds
so much deprecated rs the notes of several
OF our Incorporated Banks
The State debt now amounts to the sum
of 1882. 335 80, deposited by the General
Government, and which is liable, at any
time, to be recalled-two millions of dollars
in SIX per cent. bonds, sold by the State to
pay for stock to that amount in the Plan
ters' Bank, and five millions of dollars in
five per cent. bonds, sold to take stock to
that amount in the Mississippi Union Bank,
amounting in all to the sum of seven mil
lion three hundred and eighty-two thousand
three hundred and thirty five dollars and
thirty cents-and the annual interest on
that sum (most of it PAYABLE in Europe)
amounts to sum ofthree hundred and sever
ty thousand dollars. To preserve the hon.
or Of the State unsnllied, and her credit nn-
impaired, it is of the last Importance that
the interest should be punctually paid, at the
places designated, and ample funds provided
for the redemption of the principal--it is
usually much easier to borrow and spend
money than to provide the means of pay
ment.
My recorded votes on the Journals Of the
Senate, as well as my speeches, during the
canvass preceding my election to the Office
L v-cI&~~ al.