Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1846-12-17

Which being deducted from the amount ap-
plicable to the payment of interest as
above, would leave surplus in the Trea-
sury, on the LIST day of January, 1854,
after paying the interest due July LIST,
1853 and January lst 1854 of Sl3,9l9
sin making the foregoing estimates the infu-
ences which will be exerted upon the public prosperity
by the completion of the CANAL and the reestablish
ment of the credit of the State upon an honorable
and permanent basis have not been taken into cOnSi
deration. 1t must be evident TO all that,
the canal shall have opened 10 at least one third Of
the State, not only to market, but choice
of the best markets the country, the yane Of all
lands In that section and the amount and value OF all
other kinds of property, will advance largely beyond
the increase, which would take place. in the absence
of that essential element Of prosperity. Our pOpu-
ation too, may safely anticipate, will be rapidly
enlarged by the swelling tide of immigration, which,
for number of years past, has been forced into other
channels, by the dread of onerous taxation in
own State With redeemed public faith, and an
important work of internal improvement in success
full OPERATION need have but little hesi:ancy in
tmating that the taxable property in the State in
1852, will be hundred and seventyfye millions,
instead of hundred and fortythree, and the number
of taxable polls two hundred thousand, than
the number estimated above"
We are strongly impressed with the conviction,
that with view to saving of interest now accumu
ating on the outstanding six per cent Treasury notes.
the legislature should take accelerate
surrender of that currency. The passage of act,
declaring that after certain date no further interest
should be allowed on them, would undoubtedly have
this effect Such course is not without precedent
and practical evil results would be produced by it.
The amount of tolls collected, on the Wabash and
Erie canal of Tippecanoe, for the year ending
October 3lst, 1916, is Sl05, 257 o.
The amount for the previous year 81, 447 %
Showing an increase In tolls for 1916
over lc40, OF go S09 10
The remarks of the Auditor upon the new assessment
of lands made under the act of last winter, enti
tied to special consideration. They point to an evil,
to which the Legislature should speedily apply an
efficient corrective. He says.-"I 1t will be seen that
the effect of the reappraisement, authorized by the
act of January 49, 1916, to decrease the value of
lands $3.50, 270 while it increased the value of i'm
provements S6l3,512 and the value of town lots
S5ll 494 If to the decrease in the value of lands
be added the value of the additional acres assessed in
1885, to wit 1855 1863 acres at SO so per acre, max
ing 81 2S2 279, the actual decrease for 1916
pared with 1915, would be 81 632 $40. Instances of
gross inequality in the value of lands will be readily
discovered by reference to the tabular statement In
the county of Jennings, the value of lands per acre
is 81 Sc; in Bartholomew it is 50 n, and in John
son. 81 81. In Rush county, the value of lands per
acre is So 43; in Shelby, it is 50 90. Other
Piles might be given, were the foregoing not sufficient.
The necessity of so amending our present revenue
system, that efficient provision may be made
against the injustice of unequal assessments must be
evident to ALL
1t would afford pleasure to give further extracts;
but that is impractibe, refer readers the
report ITSELF for many other matters of interest, to
some of which space does not permit US even to
REFER and for details which we could not do Justice
without giving the report entire.