Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1846-01-15


ending on the 30th November, 1886
According to this the receipts of
! the year from all sources, in
GLIDING 81 100000, from taxes
| on real and personal estate,
| will be S3.oI7 700 90
Which added to the balance in
I The treasury on the lSt De-
cember, is45, 3s4ss6 90
Makes an aggregate of $4,000, ,5s6 90
Deductlng from which, the esti-
mated payments during the
same period, S3,5I3.996 90
We arrive al an estimated bal
ance in the Treasury on the lst
| day OF Dec. Is46, of $500 90
Which is less by S296, ,296 O9
than il on the ISt of Dec
! lS45.
The amount OF outstanding taxes
on real and personal estate,
considered available, on the
! lst Dec. lS45, was $874,544 so |
To this is TO be added the as
sessnent for 1876. which, ac-
cordlng TO the best estimates,
will yield nett revenue, after
deducting allowances for ex-
penses OF collections and exon
erations, of SI,lsO,000 90 /
Making an aggregate of S2.054,5 ,544 so I
If from this aggregate, we deduct
the estimated collections from
these sources, during the year
1875. l,lsO,o0o 90 !
The difference 154,544 SO !
will be the estimated amount
of taxes, which On the lst of
December, lSi6, will remain
outstanding; being $l2G 600 90
less than was outstanding
the lst day OF December, ls45.
When to the reductions, thus
to take place, in the outStand-
ing taxes within the current
year, 10000 90 !
We add the difference between
the balance in the Treasury,
on the LIST day of December,
lS45, and the estimated bal
ance in the Treasury on the
Is, December, 1916. 2ss, ,2s6 o9
We arrive at an aggregate re-
ductlon OF these two items
within the fiscal year ending
30th November, 1916, of Sll6,2eG 09
| From this view of The subject it is apparent,
that The assessment Of The year 1876, on real
and personal estates, and the revenue of The
year proper, derivabe from all other sources,
taken loselher, will be insufficient to meet The /
demand, upon The Treasury during the same
period, by the sum of $4l6,296 %; and that
IN supplying the deficiency, the balance IN tie
Treasury, nn the Isl OF December 1876, will
! have been reduced to $780, 90, and the ar
tears of outstanding taxes, 10 the sun OF S754,-
5l4 so II Is plain, therefore, that our present
financial system inadequate 10 supply the
means of meeting all the demands on The Irea-
>ury, except when aided from the balance which
| had accumulated before The payment oI interest
was resumed, and by collections from ie ar
rearage, oi taxes of former years both of hich
will ,oou be exhausted
l. am constrained 10 add, that all these caicu.
lsiions and estlmaes, pre- suppose that the de-
inands on he Treasury will nns be permitted 10
transcend ihelr ordinary limits, and that ap
preparations Will be made by Legislation 10 new
objects These 10, anticipated, because IN
the presen, state of The finances. every appfo-
priaion may well be regarded, not as graat OF
money un,ucum5ered IN The Treasury, bul ra-
ther as an abstraction of funds, spec ally sp
propris,ed already, and righhuy belonging 10
the public creditors.
The def;cii in our means, under existing laws,
presents for The deliberations Of the Geuerai
/ Assembly. ii topic OF paramount Importance. II
imay he remembered, iha in the mouth oi jan
usry lat. expressed The opinion III an Execu-
uy. Message, hat our finances had no' then
=
and at once, 10 resume payment oi ihe lull IN
,eres, on oar public debt. | regrei 'i'aI suhse-
oaeni examinations and reflection, have no per
,niiied me 10 believe ha | was then IN error
| But the Legislative action on the question has
changed the entire sspeci ui uu' dulles, and
render ed II useless 10 revert TO former views oi
policy. The payment oi interest on ihe i""ded
ld.b, of the Common eaIth. was IN taci, re.
,umed ON The first of February ls45. by thai
ae,. ,he Stale asserted her present ahiiry 10 u
meet her engagements; and n n,u>t be our care
,ha, the pledge. thus renew ed. be mol agal" vio'
fis,ed The credit. fidelity and honor oi Penn
syi,ania, all demand lhar, henceioF~atd. the
interest on her public deoi shall be pu"ctuaiiy
aud iuIiy pad
/ Heretofore, we might have pleaded The un-
expsc.eJ failure oi The depository Bank ot the
Slaie, few days before The interest vas pay
,ris aod when the monies appropriated to IT,
! L.h,;ce yefs acc unlula ed III lief raus-tht