Richmond palladium., 1849-12-05

l6e eo
The ordinary expenditures for the cur
rent fiscal year, are estlm ated by the Au-
ditor Of State at S72
The amount Of revenue paid into the
State treasury during the las, year. on all
accounts. was S44l $50. 92 which exceeds
the amour, paid the previous year. s28.-
col 43.
The assessment for State purposes for
l84,. estimating the counties OF Cass,
Fountain. Jackson. Lake. Pulaski. Spen-
Ger and Whitley. from which no returns
have been received. as they were last
Sear.) is 5000 .537 81; and for county.
road. school. and township purposes col
lectively, S65o.5.O 80; adding 10 these
sums the delinquencies of former years
uncollected. amounting to S165,o93 50.
and the whole amount on the duplicates
for 1349 viii be 81 ,302 .202 o.
The number of polls returned for l849.
(estm ating the seven counties above men
toned, from no returns have been recciv
ed. as they were last YEAR, is 1890.
being an increase over the returns of last
year. of 74i5. The value of the entire
property OF the State subject 10 taxation.
as returned for 1919. estimating the coun-
ties not returned. as they were last YEAR,
is Sl33. .i19, ,o5i. which is an increase
over last year Of S4.458.O7O
The rate Of delinquency. in the collec
ton of taxes Tor l3i3. is about SIS % on
the 500. or little less than one-sixth:
the average delinquency is very much in
creased by heavy delinquency which
has been continued from year TO wear. on
the duplicates. much OF which viii never
be collected. The delinquency j. large
majority OF the counties is small. and the
collections creditable to the people and TO
the Trcasurers.
1t will be seen from the foregoing state
ment, that the increase on the number OF
polls. taxable property. and amount OF
taxes. have been greater for the past year
than that for many previous years.
1t is confidently believed that much i'm
provement mig be made in our revenue
system; especially SO as 10 embrace a
species OF property TO large amount.
which too frequently escapes taxation.
such as corporation and other stocks.
money on hand or at interest. and MANY
other articles of valuable nature. there
by tightening the burden oftaxaton, which
now rests most heavily upon the agricul
tural portion of the community.
| respectfully submit for your conside-
ration. as matter of Justice TO the Exec
uiive and of sound economy to the pub
lie service. the proprietv of re establish
ing the office of Private Secretary to the
Governor. with an annual salary sufficient
TO compensate him for his services. An
officer of this character can verv materi-
allv aid the Executive in the performance
= -. 4 4
expenses which the Executive is bound
TO incur during the year. added to the
! amount very properly allowed al every
/ session OF the Legislature, 10 an EXccu-
tive messenger; would be sufficient 10 pro-
cure the services OF gentleman amply
qualified for the discharge of the dulles
of the office, and in whom the necessa-
/ rv confidence could be reposed.
In 184T. when the arrangement of the
State s Indebtedness was made with her
creditors. the debt exclusive of interes,
was 81 .O45 UOO there has been surren-
dered and converted into new stock 10
the lst Of july last, 50, $50 900
Since July lst, $500
| Making. S9.563.OO0
leaving vet to come into this arrangement,
1883 bonds or ST .488.OO. These bonds
are held in Europe and in this country
and are coming in gradually. the Agent o
! State informs me. that he enteftain> bu
little doubt that all will be surrendered
SO soon as arrangements can be made By
the holders. to obtain the assent of the
parties interested: am induced to concur
in opinion with this officer for the addi
tional reason. that the holders must bt
satisfied. that the State will not soon Ii
ever) make anv different arrangement.
for their liquidation.
The semi annual interest due 10 ou
CREDITORS. under the two acts of the Leg
;slatures Of 184j and 18i7. providing fol
the settlement of our State debt, was
punctuallv paid at the Indiana Agency. il
the cilv Of New ! ork. on the lst of July
last. amounting TO s95. 800. 4 portion
.. This sum. saw S79 900 was borrowed 0
the Commissioners of the Sinking Fun'
and of the Banks-thc auth horitv TO mak'
this loan is given BIZ the 4th section of al
act of the last legislature entitled ian ac
making general appropriations. &c. :"
The wear 1840. and for other purposes.
{ (aoproved January is. 18I9 10 the Gov
, ernor. Auditor. and Treasurer Of State. L
, be exercised in their sound discretion
, There was no diversity of opinion as Z
the expediencv Of exercising that author
, itv-many considerations prompted us I
, adopt the course indicated in the law re
! ferred to. some OF the most prominent c
r which are. 1st. That the State Stock wa
then at a price. which placed it by tn
I stock OF the regular dividend payin
I States: 10 withhold or postpone a div
, dend would inevitably have dePreciate
5 it. an ! impaired the re-cstablished cred
: OF the State. Cd The State was. and
now deeply interested in the completio
: of the Wabash and Erie Canal-mor
particularly the citizens Of ,ha, fertile en-
: improving portion Of i, from Terre iIaut
: 10 Evansville, which has never here:ofor
# received the encouragement and iegisli
5 tive attention which its importance me-
! its The fund now available for ihi
. orrnoSe will hardly accomDlisn tiff OF