Weekly miners' express. (DuBuque, Iowa) 184?-1849, 1848-01-26
AUDITORS REPORT.

We presnt to our readers this week.
IN somewhat disjointed form, the Au.
ditor's Report. TWAS our desire 10 have
published the report entire, but owing ID
the large quantity Of figures required
which we are without, we are compe He'd
to givean abstract Of the several amounts,
and leave the reader TO make the distri-
button among the several counties as best
he may. We give the aggregate Of re-
ceipts, disbursements, the value ofprop-
erty taxed, and the amount levied for
State purposes, at three fourths Of a mill
on the dollar, for 1916, which is the most
essential part Of the report, as connected
with the immediate interests Of the PEG.
lple.
One word as to the general character
oftha report. 1t is document Of much
merit. 1t gives plain and lucid exposi-
ton Of the present affairs Of our State,
and its suggestions, with one single ex.
ception, are enlightened and practicable.
| To meetthe expenses Of the State for the
present year, Mr.. Fales offers two sug-
gestions-lst. that the State negotiate a
loan Of sos 900, at a reasonable interest !;
and Cd. that they issue State Warrants,
in the form Of bank notes, bearing the
same interest they would be willing to
pay on loan, and let this serve as cir
cula,ing medium, and by this means su-
percede the necessity of a loan. We We
ry much doubt the justice or practicable
ty Of this latter suggestion. The effect
of such a measure may be very readily
anticipated from the manner in which
the different counties throughoutthe State
have loaded themselves with debt. Many
of them are in most deplorab!e condi-
ton, produced entirely by the great lati-
tude given to the issue of county orders.
In place Of bcnedtiug the people, it burd-
ems them with enormous tax, and daily
subjects them to the imposition Of traffic
ing spectators, whose every effort is di-
rected to cry down and depreciale the
value Of their paper. What amenta-
BILE picture does it not present, when a
county is compelled to buy cash, by pay
ing three dollars for one in their paper.
And yet, as lamentable and strange MS
this may appear, it is nevertheless, too
true in may Of our counties. Would not
the same principle, adopted by the State,
produce the same results in greater or
less degree? Maniiestly it would Then
we say, borrow the money, even at an in
creased interest from the former loan, if
it be necessary, rather than throw out
90, 80, 40, or SO thousand dollars in
State paper, to be speculated upon al the
expense Of the labor of the State. We
90 decidedly for the loan; and we are no:
satisfied but what the interest of the sew
eral counties now oppressed with debt,
would be best consulted, if they would
negotiate loans and buy up their paper
at par. At least two very great evils
would be ayerted-a circulating medium
which has become an odious drug to the
people, and an extor ton suffered by the
counties, which, if not soon corrected,
must prove ruinous.
STATE OF Iowa, AuD1roR's OFFICE
Iowa City, January 3, 1913.
Gentlemen Of tie Senate
and House of Representatives.:
In accordance with the requirements
of law, | have the honor to submit the
following statement Of the revenues, tax
able funds, resources, incomes, and prop
erty Of the State, known to this office; al
so, the expenditures aud disbursements
of the fiscal year which closed on the
5Oth of November last, together with an
estimate OF the appropriations necessary
TO be made for the present year.
1t affords me pleasure to report to you
that the revenue OF, the year 847 will be
tally equal to the current expenses Of the
State and The payment Of interest on the
loan; though the revenue law will moi
yield as much as was anticipated, in con
sequence OF Its not going into operation
until alter the assessment was made, We.
the levy in July was made underline new
law.
From the returns received from the
several counties, it appears that the ag-
gregate value Of property taxed within
the State amounts to 81 ,277,139, which,
at two mills on The dollar, yields reven
ue Of $22,554 81; deduct from this, say
80 per cent. for dellnquencies and expen-
ses of collection, and we have the sum Of
$15.7S8 90.
The annual expenses Of salaries, inter-
est on loan, &C., amount to $15,25U 90.
If, therefore, there had been no session
Of the General Assembly this year, we
should have beeii able 10 meet all our La
DIlltleS with prprnDtneSs The lnon of