Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-12-15
c0vERNOR VMITCOMB,S
NJ E S S A G E /!
c,.,l,~<. Of NE Senate and
House of RrprcScnfatices

:, ,s.embnc in obcd Hence to tho requirement.
n the constitution, 10 discharge tho importan
Trusts placed in our hands by coniding fsi
Inv citizens, the expression Of our hearty thank
!. dne 10 Divine Providence for tho signal bless
inc, with which no has crowned tho year.
Agricultural industry the great source o
our prosperity,-has been rewarded with abun
dant crops, and rational enterprise has becl
crowned with mcrtcd success. Although ou
neop,c in common with those of mos. othc
States, have, during the past season, been atfiict
Cd with sickness TO an unusual cxiont, yet tho
number Of deaths has been compa ratively small
and tho smiles Of returning health have ngaiI
giaddencd hcarths.
Ills gratifying TO state, that tho condition o
our finance still continues TO improve.
Tho ordinary expenses of tho Government fol-
tho fiscal year ending on the 3lst Of October last
wore S6). l3i 80 being $ ,9S5 20 less than those
Of tho preceding year.
The ordinary expenses for 1917 cstima
ted by the Auditor in his Report herewith sub
m,,,ed, at 500. 400.
The number Of polls returned for SIC (csti-
mating for tho counties of Benton, Crawford,
Jackson. Pulaski and Spencer, from which re-
turns have not yet been rccclved) arc l26,3Go.
being an increase of 2,2)l, ovor that Of the pre-
ccding year.
The value Of taxable property returned for 49,
4G, estimating for tho Same countics) IS Sl22,-
that Of las, year.
The amour, Of rovonuc paid into tho State
Treasury, during tho last fiscal year, IS S2:,3.-
SOL, being nearly 81 900 more than was esti-
mated by tho Auditor in his report for 1873 No
doub, exists tina, ample funds will be III tho
Treasury, under the present assessment ana rate
Of TAXATION to meet tho July payment required
bv tho State debt bill Of las, session, should that
go into operation.
A strong proof Of tho growing prosperity of
tho State, is afforded in no progressive dlnnu-
ton of tho rate of delinquency for Tho last three
wears. Tho ratio for 1913, vas SIT 81 on tho
hundred; for ls1i.it ~ns SIS ST on tho hundred;
and 1915, it was Sl5 IS on the hundred.
The assessment, Of revenue for 1916 is, for
State purposes, SllS.0i7 %: and for county,
road, school and township purposes collectively,
Sa73,7S 81. Add to these sums. tho dellnqucn-
cics Of former ycars, > lO2, J)S o. and the total
amount Of tho duplicates for 1916 is S393, -.
While the growing prosperity of tho people.
and the improving finances of the State, rs shown
In tho above exhibit, arc subjects CT heartfelt
congraiulation, it is earnestly hoped ana recon-
mendcd that the Same naNInS OF economy, M
dus,ry and frugaIilv, under which oar condition
is, Of late. much improved, VIII Continue !" DO
rigldy observed
The reccn, change of policy, in accordance
with tho spirit of the age. In tho United States
LII
imposcd upon trade and industry havo been
struck oil, is cause of profound qualification to
tho Statesman the patriot. the phIlanthEopst, and
TO tho millions in our own country, who, living
BY tho labor Of their hands, DESTROYS Of bay
ing in tho cheapest and selling III Tho dearest
market. THIS relaxation OF the mlScaiicd pro-
iocllvo system will DO especially favorable TO the
people of indiana. for the products of whose la
Dor, mostly drawn from the earth, they arc otter
cd by Tins means wider and better market than
they have over enjoyed. Should this benccnt
cha nge DO suffered 10 continue, tho opinion Is
confidently expressed that tho far creator degree
Ct prosperity, which the great mass OF the poo
pie will enjoy in consequence, VIII forever pre-
vent a reinstatement OF tho restrictive policy IN
our country
In relation to tho proposed arrangement of the
State debt, and tho completion Of the Wabash
and Erie canal. rs authorized by tho act which
was PASSED at tho last session of the Legislature.
have the satisfaction to state that n letter was
received by nc in tho early part OF July last,
from Mr.. Palmer Of London, bearing dato The
thirtieth Of May. 1916, enclosing copy OF two
resolutions of that date. which had been adopted
BY the committee of bondholdcrs IN LONDON I'M
der whose authority Mr.. Charles Butler had act
ed in submitting propositions in their behalf, re-
sul,ins in the passage of tho bill in question. In
these resolutions, (Which with Mr.. Pamer's let
tor is herewith submit,ed) it will be that
the opinion is expressed, that it will be for tho
interest Of tho bondhoders to concur in the prin-
cpe Of that arrangement, by tho payment Of
one half Of tho principal and interest of tho
debt by taxation, and the other half by tho prop
er,y and tolls of tho canal. from tho State line
adjoining Ohio to acknowledgement property TO
be assigned to tnrce trustees, and the State to be
freed from responsibility on that portion OF tho
debt and interest SO TO be secured.
1t thus appears that the principle of tho pro-
posed arrangement; has received the assent of the
committee Of bondholders. whiio within the
sphere Of my own observation. and so far as my
information extends. the expression of tho great
ma oriiy Of our citizens is also decidedly IN lis
favor.
Steps have boon iakon 10 carry tho at into eff
feet on the part of our bondholdors. and | am
grati6ed in being able to state that parties hold
ing bonds to the an,oun. of moro than S4,O6O,-
ra,J, thou in caDfOrmlty