The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-05-31

Deduct from the principal of these bonds 72 the
estimated surplus assets Of the banks and the balance
VIII be $5s33ss3, which must be paid by taxation The
bonds issued for stock in the Bank of Mobile deducted
as is represented that institution Is abundanty able
provide for the payment OF the principal and interest OF
its share Of the bonds
The Governor OF Missouri has raised the funds requr
ed to meet the payment of interest the State debt fall
ing due this springbut when the finances ofthe State
ere in such condition to require forced loans to
leave the payment ofthe interest the debt doubtful
to the last there great danger Of delinquency
and loss Of confidence in the credit solvency Of the
State.
The Treasurer Of the State of Pennsylvania is making
efforts to raise funds to meet the semannua interest ON
the public debt due the LIST Of August He has issued
circular to all the counties Of the urging
the commissioners to vigorous of collection He
calls particular attention to the act Of April 1884, and
says ga compliance with the provisions of the act
erred to will save TO your county Eve per- cent your
taxes and you will have the satisfaction of aiding the
Commonwealth at this important crisis In order to
cureso desirable result far my right extends,
will give the act construction liberal and beneficial
as it will permit The quota of the county will be re-
ceived exclusive Of the amount Of unseated land tax
asmuch does within the spirit and meaning
Of the act because its collection only be enforced
every second years and allowance will also be made
for such amount as may be ascertaned to be impract
cable to collect This may be estimated when the pay
men is made and the exact amount ascertained when
the duplicates fully settled You will thus perceive
that the previous to the first of Augur pro
vded in the act will DO greatly advantageous to your
county, and ought to be made although you should APP
propratc your county funds for that purpose We paid
our interest in February and do in August and
February next active and prompt measures a, adopt
ed in the several counties of the and in
that be accomplished our credit is placed on
sure basis and the nature Of securities can be chang
cd as to relieve the Commonwealth from one to two
| ffths of her present rate of interest,""
The appropriations for this year amount to ST. 962
6l The nett tolls from the canals and railroads last
year, $685. o. It is believed that this will al
least equal the last and that those two items will be su
cent to pay the interest The amount due from former
assessments and the ordinary revenues will be sufficient
to pay the ordinary expenses ofthe government.
proposition submitted to the Philadelphia Coun.
ty Board, to avail themselves of the Act Of April 9Th
1874. The tax payable by Philadelphia County, under
the assessment Of this year. about $sO0OO0
after deductng the usual commissions and allowances
and supposed that amount paid into the treasury be-
the LIST Of August would enable the treasurer to pay
the semiannual interest then due. An act passed the
Legislature in 1872 restricting the County Board or Com.
missoners from borrowing more than certain amount
money the credit Of the county without the con.
sent Of the Legislature and is feared this act will pre-
vent the commissioners from anticipating the payment
of the county taxes.