Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1842-02-01

under the provisions Of this BILL and by operation the
remaining potion Of public debt may be absorbed
There means, necessary enumerate,
which nav future day, le made available 10 sustain
this opea ~ and 20 mike good any unowad contingency
whl,h result the realization Of the foregoing anc
psfi1ns.
Prom The above resources although not now Immediately
AZ our nmaad1 the could avail herself Of abundant
means puIrh At their market value, all her internal
Improvement bonds This Is object desirable and OF
much importance 10 tie prosperity and wefne Of the
state that committee urge ~ strongly uIon
the consideration Of the Legislature and the people.
Statement No. ! = exhibit Of the receipts and
pendures the State Treasury, together with the cash
IN the Treasoryfrom si Of Jany lsll LIST of Jany.
1912, the latter excluded
By this It will re that the whole ant. of
cash ~ haul and receipts amounted s443, 3l5 O6
Thh, the expenditures during the period
amounted to sssI,a9l A
Leaving in The Treasury cash on hand the
1T Of January 1912, SCI, 923 60
sta,ement No. 2-s an estimate Of the means Of the
Treasury anl the demands upon the for civil
H., Or ordinary expenditures Of 1912
By ihi. It viii ue seen that the cash on hand
the lst Of Jany 1912. amounts SCI ,9:3 &C
That the amount estimated 10 b. realized from
the Revenue Of ls4l, after all deductions
from demqucncies aud per centsge for the
collection, 100000 90
Making total Of receipts and cash on hand s46i923 CO
The csiimattd expenditures Of every kind at
Treasury It vii be amount to S3056s2 81
Leaving the Teas ct the close Of 1872, Sl6l923 g.
No J. l. table showing the condition Of the Treasu-
~ the close Of - 3, the suPPoson that there viii
lie blance Ia the Treasry at the close Of 1912 other
than Treasury notes and tia, tie will be reduced
TO twenty the bundled dollars Of vaua1n AMI
fifty cents on the poll
BY which it viii be that there will be real zed upon
polls and at 20 cents tic 500 Naiua
ton aud so poll S2O3550 co. and Tie expenses
fr civil list. 100000 And TO be eppled 10 he redemp
notes and interest 600 lcaVnq
close of s43. 50 $50 GI.
Statement MOI exhibits the whole Of iha pub
lie debt Of every kind, including we'll those amounts.
the interest Of which provided for, such for which
payment Of interest Is provided.
By this statement appears that whole
Indebtedness amounted on the lst January.
1872, to SlGs55 ,l&S 90
From this it vii. be seen, are deducted such
sums a. the State is paving no interest for,
and such rs the interest Is provided f0r.
amounting to 3.4oG,sn IS
Leaving the amount which the State is
liable to pay annual interest Of sl326I 27s %
Statement No. ;. shows the amount Of aunu-
al interest to he paid the Treasury
nually the public debt and the
to meet II. This it will be smouuts
s7+oI23 90
From this should he deducted the mean, pro-
'ded for other than by taxation l36727 ca
Showing deficit Of SG9,395 81
For which deficit no means are provided by
laW-and it met at all must be provided
hy direct taxation.
Statement No s, shows the amount of the
suspended debt due to Indiana for bouds
sold, hyp)thecsted and parted with This
amounts 10 3,7O5.O55 Is
our committee find, by the statement of the
Fund Comm ssIoner, that there has been issued I'm
der the act Of last General Assembly (Chapter lI9l
bonds bcaligg per cent. which are deposited with
the Merchants Bank OF New York. In view Of tie
depressed state of our bonds, the committee th.uk
that these bonds should be taken ~ and cancelled
and have accordingly reported JOINT Resolution to
that effect.
In view Of the probability that there may re 7 de-
hcIency IN the Treasury, tas tie expenses of erc-y
Kind from this until the LIST Of March. lSf3. VIII
have TO be borne from the cash hand ami the
amount to be real zed from the revenue Of 1911 )
the committee have inserted provision in a b.,
herewith reported, which they deem will amply pro
vide for such contingency.
The committee herewith report bill making
general appropriations for 1912. and a bill making
specific appropriations for lc42, the passage of
winch they recommend.
The committee also report herewith a bill levyinc
tax for State purposes, and for the gradual redemp
ton of the Treasury notes
This bill provides that the tax on each 500 vllu-
alton of property for 1912 shall be ~ cents and ON
each taxable poll 80 cents for State purposes.
Tins amount VIII, in the opinion of your commit
surplus Of Slo0 COO at least for the redemption of
the outstanding treasury notes.
THOS. J. HENLEY, Chairman