Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-01-21

vested 10 him by law, are included IN the
receipts. The actual disbursements there
OF, exceed thu receipts arising from or
binary sources, the sum oftwo hundred
and twenty eight thousand three hundred
and eighty -one dollars and seventy one
cents The sum Of eighty thousand nine
hundred and seventy one dollars and eigh
ty seven cents, has been expended on the
Capitol duriug the period, and the further
sim of fifty-Sve thousand FIVE hundred and
/ eight dollars and seventy five cents, on
the State Prison. The appropriation made
for cleaning out the Chickasawhay river
is included in the disbursements, but has
not been paid in consequence ofthe ina.
billy Of the Treasurer, to cash the Audit
or's warrant.
| Thirty three Tax Collectors are in de-
fault tie sum of ninety thousand six hum
dred and seventeen dollars AMI forty six
cents, for taxes accruing prior 10 the year
1898; suits have been ordered against
them on their bonds. Twenty six Tax
collectors are in default in the sum oftwen-
lty six thousand nine hundred and eighty
dollars and twenty seven cents, for taxes
assessed IN the year 1888. Itis believeds
that these sums fall far short of the actual
defalcaiions. Immense sums are yearly
collected which are not returned on the roll
of the Assessors, and under the existing
laws, it is inpracticabie to bring officers
thus in default to account:
The total amount of State Tax assessed
during the present fiscal year, is ia. ST.
20. The assessors of the counties ofCar-
roll; De Soto, Holmes, Jackson, Jones,
) Kemper, Leake, Lafayette, Noxubee, Pike
PonolA. Bankin, Tishamingo, Washington
and Wayne have faifed to return the as
T sessment rolls, as required by law. The
I Auditor estimates the state tax in those
counties at $27,695, 81; suits will, in due
I, season; be ordered on the bonds of said de-
faulters.
;, 1t appears by an exhibit accompanying
Il the Auditors report, that many of the
: Banks ofthis Stale, as well as their officers
$ of discount and deposite pay no tax on the
n real estate and capital stock. The As:
u SCISSORS have failed TO assess the tax requi'
IS red by the laws of the land. No propo.
= sition can be palmer, than that those who
,, participate in the benefits ofgovernment,
70 should contribute to its support. 1t IS an
T; axiom that, taxation being essential to the
ID existence of every government, the right
y can never be surrendered. No prior le-
g gislature had right TO debar US from inn
ne posing taxes ON every species of property
ar in our territory. If the Banks had have
at paid an adequate bonus to the State, in
consideration of being exempt from taxa.
n. ton, the case would be different; they
OIL would have paid, in advance, an amount
Ak equal to that due annually. In several OF
DUR Bank charters, it is provided that their
On capital stock should be exempt from tax
es alton. Even admitting such a stipulation
as to be binding upon US, (which am far
ne from conceding,) it does not exempt their
ne real and personal estate; or money loaned
rs at INTEREST; from taxation. The annua
lnt examination of The Bank, and the time
nt' spent in legislating on their affairs, cause 1
les large expenditure of our Treasure; and jus
IN, tiee, surely, requires that the EXCLUSIVE
tor privilege of exemption from taxation
hat should not be conceded: 1t Will be Impos
i. sible to preserve the public faith and cred
liu il of the State, without a revision of gu
nc revenue laws. The dishonest usuref, an,
lllC IduQulCiit OoLhCis OAC al PACoCuS "a
Inc oncraied, and taxes alone collected from
IT. the honest laborer: An examination d
the assessment roll viii show that yer,
is. small amount is collected on money Ioane
ion al interest. The law is eYa1ed by Shawn!
'er paper:
mt, am opposed to the increa e Of Take.
AK at the present period. Justice require
to that they should be equalized. Not on
ose third of tile landed estate of the country
try subject to taxation, is ever assessed.
The Maps containing the dates ofthe entire
unit of the various tracts have been procure
hat by the boards of Police in but few cour
I'm. ties-to insure the collection of the Ian
ted tax, provision should be made for maxim
and and furnishing to each county, a Ian
bic Book containing full description of ever
luld tract, with the date of the entry, and spi
the cifying the various transfers.
;ers A tax of one quarter, OF one per cent
lost on the loans and discounts of the varioI
sor Banks in the State and an equal tax ON Q
oer- paper purchased by individuals, or held |
ged them for property sold, or money loaue
2 a. would afford large revenue. This mea
by ufe, combined with others insuring Il
au- assessment of all property Liable to tax
fail ton, and the prompt payment and cole
0les ton Of the same into the State Treasur
urn, would soon place the Treasury in a SIT
the alton to meet all the demands upon it.
5 of 1t will be seen from the report of Il
OBJ State Treasurer, that the Banks ndebts
ia to the State, to whom indulgence was gi
ever en- by the Legislature, have all failed
ev- comply withthe conditions Of the act pass
era for their relief. SUITS have been instit
ap- ted against them on their notes, amour
an ing in all to the sum of $236,O96. judy
t 10 ment has been obtained against the Mi
ards sssippi and Alabama Rail Road Cor
the pany, for the sum of 1926, 5s4, and int
to est: consider the whole debt due by Il
ired Bank very doubtful. In my absence, Il
ma former Treasurer; Gen. Silas Brow
+ be drew out of the Office of the Planter
ould Bank the whole amount then on deposit
ulty and received the same in Brandon none
ion. | am firmly persuaded that the Bank WI
Ten bound to pay over that sum IN par fund
in At the last session ofthe Legislature sci
7 be 10 a special Message on the subject, wi
ave several documents proving the liability
the the Bank. A Joint Committee was. a
,uld pointed to investigate the whole sableC
) Itt g.; .,,ol-s, S,s,xy