The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1846-01-20
TUESDAY, JANUARY 20, 1896,
27s,se5 20

lS45, 27s, ,965 20
We have an aggregate re-
duction OF the balance
In the Treasury and of
outstanding taxes on the
lst day of December,
lS45, as compared with
the same items on the
lst Dec. 1874, of 4i4.l99 81
From this statement Il is apparent, that
the receipts into the Treasury, during The
wear, derived from taxation on real snd
personal estate, and other sources OF reve-
nue. properly belonging to the year, were
less than the demands upon the Treasury
for the same period, by the amount above
stated. And it is also apparent, that 1t
the Legislature had not postponed the
pavment of the domestic creditors, and
The interest on the certificates issued for
interest. and if the cancellation OF Por-
lion Of the relief notes required under ex-
isting laws TO be cancelled, had not been
deferred. the whole balance in the Trea-
surv would have been exhausted on the
Isl Of December last.
For the purpose Of convenient refer
ence have appended 10 this communica-
tion, summary statement (marked A.
of the receipts and expenditures of the
past year, with an estimate, prepared with
much care and deliberation, for the cur
rent wear ending on the 30th November,
1916.
According TO this, the re-
ceipts of the year from
all sources, including 81,
100000, from taxes on
real and personal estate,
will be S3,2l7,7OO 90
Which added to the balance
IN the Treasury on the
LIST Decsmber, 1915, 9sf.ss6 90
Makes an aggregate of s3,6o2, $50 %
Deducting from which. the
estimated payments du-
ring the same period, s3,5I3,99 90
We arrive at an estimated
balance in the Treasury
on the lst day Of Dec.
1916, of SIS, $50 90
Which is less By S296,296
09, than it was on the
lst of December, lS45.
The amount Of outstanding
taxes on real and perso-
nal estate, considered a.
vailable, on the LIST De-
ccmber, lS45. was SS14,5f4 SO
To this IS TO be added the
assessment for 1916,
which, according 10 the
best estimates, will WELD
nett revenue, after de-
! ducting allowances for
expenses Of collections
/ and exonerations, of l,1S0, 900 90
Making an aggregate of S2,05f, ,544 so
! If from this aggregate we
deduct the estimated col
lections from these sour
ces, during the year, Is
46, 81 300, 900 90
The difference, s754,544 30
VIII be the estimated amount Of taxes.
which. on The lst December, 1916,
viii remain outstanding-being $780,
| 600 90 less than was outstanding on
| the lst day of December, 1915.
When to the reductions, thus TO take
place, IN the outstanding taxes within
the current wear, Sl20,000.0O
We add the difference be-
| tween the balance in the
Treasury, on the lst day
of December, 1915, and
the estimated balance IN
tie Treasury on the lst
of Dec. 1916, $500, ,296.09
We arrive at an aggregate
reduction of these two
items. within the fiscal
wear. ending both Nov.
1916 of SIl6,296,09
From this view of the subject il is ap-
/ parent, that the assessment of the year
1916, on real and personal estates. and
the revenues Of the year proper, dcriva-
bic from all other sources, taken together,
viii be insufficient TO meet the demands
upon the Treasury, during the same pc
riod, by the sum of S4I6,296 09; and
| that in supplying the deficiency the bal