Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1843-07-13
S.}so3,}.5 30

II appears, therefore, that the only debt i
due from tho State is the remainder of the
old revolutionary debt. h
A. TO using portion of this money 10 pay II
the balance oi the State Prison debt, no on"
who knows the circumstances will complain
The State was ia debt and was paying Is PER H
cent interest for II. white they were recsv y
inr only 5 per cent. for the deDuslie fund.
BY borowln. the money of the dcpo-ite
fund. and'paylng to that fund every year for
schools the interest OF what ii borrowed. the A
State saved one per cent, IN the interest," i
Besides, bv doing this TIA" people were saved
n direct tax. They had voted To tax them
selves to bui'd the State PRISON. Bat by
increasing the bank tax and borrowing this
sum of the dcposi,c iund. the Legislature
were ensblrd to bnlld the Prison, Costing |
about $40, ,UO0, without tax.
The expenses of the last year have a'so
been partly paid by using portion OF this
fund. The amount oi these expenses, kaken
from the lreasnrrr'S rcpor, under their appro- |
pirate heads, is nearly as follows - 81
Insurrcctiousry expenses, l0i ,00l Gl
Militia aud military affairs, (the
greater part ot which were IN
Cured on account of the lnsur-
rectIon.) lODI5 w
il4,949 65
Deduct money returned by he
Governor, &c, unexpcnded, $4,000 CO.,
$IO2949 6}
Besides the above, the expenses of the
last year under several other heads IN the
Trnsurer's rcpor',were rendered much larg
or in consequence ot the nsnrrnc.lon, con-
ventions, frequent sessions of the assembly ;.
Sc. No one who rightly appreciates the
urgency of The case, and the necessity OF
using the property oi The State 10 deicud It's
Il institutions from lawless violence, would
compon Of this expense even IT We were
Obliged to pay ii by taxation. But III using
last year. u portion of the surplus revenue
Il the State was only using ns own money
Il md cannot be sand to have incurred Il debt
Il to any one and the school fluid will not
Il suff,,r So long as the State nlahes up TO the
II schools the annual ntercs, Of the money
/ borrowed.
Although in dividing this money among
the States, the act of Congress, for The pur
pose of avoiding constitutional objections
called II deposit yet all the States have
treated It as II yItt, aud some of them have
actually divided II ouong theIr towns aud
cl,Izrns, or Otherwise expended IT, 80 that n
would be impossible for the u. States To re.
call II. But if that ever should happen, our
Droporion Of II IL 40 invested that we could
paw II much mOIe easily than many Of ouI
sister States
w R,rfnw applicable 10 ordinary ,rptn.
ses. a portion oi the revenue Is specially
appropriated by law tn the support Of scloois
and is now secured Ia them by the new con-
stliulion.
We give below, under the different heads
the amour, of revenn" applicable To pay the
ordinary expenses, which we think can b,
/ relied on.
\ From the Bank Tax, SD GOO &C
n From Councils for Licenses, 1900 Ot
Il Licenses to Pcdars, 800 e
Turnpike Tolls. $500 Ct
Justices of The Peace, for fines, &c. $50 OF
Tax on COMMISSIONS. $50 Os
Tax on Forrign Lottery Tickets, 400 "
/ Several ~ these sources have several year,
produced more l!ian is here set down, ant
bcsldes. ihrrc are several other ncldenra
sources of rcvrnu'. VIZ. Tax on the IncrcHs,
, ~ R1nk rapiial, bonuses Tor charters. &c.
from uhrh ~ some wears, considerable rcve
. me he's been derived. bu, which cannot b,
, Irrlird an m future. The above estimate wa
4 n,t urdr hv 'akirg an average. wluch az,
lone Who wi'i rlusrlv examine Tho accounts
.ni'l SO Nuuld hr q very unsafe criterion 4
. "u h,.
n Y EtgtsbtW,S. The VidInafy eApsudI