Columbus Democrat., 1841-09-18

0Erntfh nl.. ..llr-ll..-.. unfair AMI s.l-s-
teal put--aa1as tia, vs base s.s. ..r many ysars
IS w.af puIH-s 10 bean a..r..s 10 -.e t..aa 20
L'vuls, County by committee appointed 5g laz
Wing bond paving Convention recently he.i IN this
Place, eAtA ailre-s apF=arsl 20 the southern
Argos oflhe 3l.t u.t. We have been prsvca'st by
q pres aia.tsr matters from attending sooner 10
ts precious ar,lias sorhs uL. f. ma.na,e. which
Il seems H .1. fh.m abHu. on. mont. f1 r6Hcaat
and bring u s.t- Indeed. aom te FIRST carsey
examination tl.ca we gsg- Dc, we came 10 tie con-
c.usan hstl was scarcely worthy oi even pass
ug notice Ast has been much cried up however
aud as we understand lhat some lUo thousand ex-
ira copies Of I.c Address have been p,n.ed and lis
-mna,ed among 'he good people OF Low ndes and
he adio.n,rg c1uatirs W. thought ve would exam
NE into TIA Inra, and exPafe some o!ils erroneous
statements
We pass over al, the add. less as il Is drawn up BY
Jhe committee of G,e, N yrOpria persona, and
come TO The statement which ihry annex showing
the whole amount OF Inc States liabilities, and Ie-
venues" drawn Up, We are gwen to unJersland,by
a gentleman pl ability and correctness We DO
this because the arguments advanced IN the address
have been again AMI again rel,ed through tAe
columns orour paper, aad the legal authorities
/ buitei. We intend 10 deal iu facts and figures
alone and come at once u ih, calculation Of tie
able a.l correct gentleman, vhch satisfied the com
mtu-aud without meaning any dsrespect, we
must be permitted To say, that they were rGy soft
to have been convinced by such caIculatou-that
without collecting one dollar from lde sinking fund
from the amount due from Collectors and Assessors
Of taxes &c sc. the State at he present rate Of
taJaiioR pay crcry do'iar her whole liability on
account orDhc Planters Bank, the Miss Union
Bank and her domestic Debt funded and uuiluded
both principal and interest, before the last instdl.
meut OF the Painters Bank falls due"
Now lor the facts and figures.
Our able aud correct gentleman who drew up the
calculation for !hc committee commences with a
statement orthe present debt Of the State assuming
hat the s50000O0 due for The Union.Ban bonds
and the interest thereon is Justly owed by the State,
and he makes it 1924 2!2 y. This we will take
i5r granted 10 be correct, we will also take it for
granted that he has calculated the interest through
| out and stated the amount Of each nstalmcnj and
The time when 1t falls due correctly Thus far we
will allow that our correct gentleman is all right.
We will now proceed 10 show where he is all
,rrong.
II commits two important errors IN tie outset of
his calculation which runs through the whole Of it.
We wi. show from authentic facts that this is the
case,
lie assumes in the first pace, the annual ex.
penscs l'he State to be &l50000. Tins is very
vide OF the mark as authentic documents prove
Gov. McNull states in his message Jan. 9th l94l
"a statement founded upon the Auditors report and
Of course corecy that the gross amount OF cxpen-
dilurc5 for the year previous was %l9l $50 > of
this the sum OF S275727 4s was for ex,raordi, a,
~ purposes leaving S2l5,9 90i 81 as the amount Of
Tie ordinary expenses Of the State Our correct
genl.enans calculation extends over a space ot 80
yess from March lst l84l 10 March lst 1870 tncia-
slye. lis error Tor each year, as shown by the Au.
ditors report amounts to the difference between
3l50,OOO and 2l59oi 81, which is Ss5 .90l CT
This multiplied by so shows his gross amount o
error IN calculating tie annual expendturts-l
makes The ,sry large sum Of 82577,lIO 10. TIL
is The first error IN the calculation, whichled our
sage committee 10 the conclusion that the State caI
the present rate Of taxation pay uer entire IlabHl
ties be lore the Isl OF March 1870 As Col 0ims,c
says, Stick pin there"
The next error IS ia The statemant made Of tn
amount ofreyenue afsHE annually from the pres
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