The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-30
$500 S51 70

$o4o3s57 70
States OF the amount Of the deposit fund which, Il. Is
probsbs. the State will never be called upon TO pay,
and which, il added the above will increase the az
gregae indebtedness oil the State 81 0CO 600
Inc STATE has bad great many queer transactions
they have rendered eacA other have been mutual The
State stock in these and there OF
them the Bsnk Of Kentucky, the Northern Bank OF
Kentucky and the Bsuk Of Louisvills-to the amount
OF 81 30 500. On this dividends received, which
go 20 the sinking fund and to meet in addition to the
other revenues the expenses of government The pub
lie works yielded az follows during the past year
kentucsy river tells. ..............". $al6ss ~
Rent Of water power on kentucky river. $50 90
The expenses Of this navigation, during The same
period as follows
Kentucky river navigation. ......... $4,000 90
Green river navigation. .............. 1882 %
Total saoIs2 os
This leaves a gross revenue from these public works
OF only s109 o9 So for the last ysar-a which will
not you will go very far towards paying the inte
rest to FAY nothing Of the principal OF the debt In
profitable. expenditure Of 81 55 ass 15 last
year. they yielded to the State but SS4 os6 o. As for
ss the ne'hss .na a, .ne
total loss.
The revenue, exclusive of that derived from these
sources required to support the government and pay
the interest the State debt which. tar the
foreign debt IL concerned the State to her credit DO
taid, has ever promptly paid lis derived from direct
aud specific taxation. The taxation property is ct
the rate Of nineteen cents the 500, and specific
taxes levied carriages gold spectaces Watches
so The amount levied for the year ending Oct l. in
this way lie S5t2000 Such Is about the present
dition II he finances Of the State
The Convention have Ia view Of these facts adopted
In substance the provisions OF the New York consttu
ton In relation TO the future Of the Legislature
to involve the State in debt and which experience he's
demonstrated to be one of the wisest provisions
Incorporated In the fundamental law Of any State.
They have, also, with commendabls patriotism, as
guard sgainst future eSudiaton and assurance
interested of the eventual redemption of
plighted faith Of the State, provided sinking fund,
for the liquidation Of the foreign debt when IL shall
become due and the most Of IL will fall due In about
1875 IL beare interest OF i've and elk per cent The
interest of the debt to the school fund was provided for
last year by the levying Of direct tax upon the
pie for that purpose. The act submitted TO the
people, and received their appreciation BY an over
giving msjorities against It, IL will be further secured
by the Incorporation Of Its features In the consti
tuition.
We have had an interesting discussion the jury
sysem Of the State Under the present constitution,
there Is power to change the venue OF trial from
county to anohe and the practice has BEEN that
when jury could obtained I'm the county where
the offence was committed, the offender was set at IL
:, tns snsc on,non would secure ~ shs
efcspe a the offender In this the criminal was aided
by the extraor binary latitude OF chslsnge allowed to
the accused lie has the right to challenge to an I'M
limited extent for cause and, In addition, right OF
perem ptory challenge, to the number Of twenty
regret to say that all attempts TO secure change OF
in such trials by constitutional provision, have
thus far failed
The only remaining subjects OF Importance Tor the
convention to dispose Of the provisions In relation
to slavery the future amendment Of the constitution
the school fund duspg and the carrying Of conceaed
weapons and the bsss OF representation This last will
be the mo.t aifhcult, the committee appointed TO
hsrmonze" on that subject have not yet, after re-
pestsd and protracted sections been able 60 agree
am inclined to think however that these very dicu
ties in the way Of arranging any basis will force
the convention TO the adoption Of the old one-that
The weather here stil continues to be Of the most
delightful character The air !, cool but genial sun.
shine Through the Gay renders 10 delightfully."- pleasant
for all tpds Of out exercise IL Is the weather Of
the middle Of November In your region.
FRaNKroRr, December 10, 1sie.
More Discussion The Slsrsry Question The Mitia-
Treating" the Eic,iorsT The vote BY Baiiot-THs Seat
Of Gore,nmenf-Dueaing, &c.
The fountains of debate have again been opened and
the prospects ef speedy adjournment, go anxiousy
looked for proportionateiy diminished The slave
~ question Ia that has aroused the forsoms time
stun Seripg sprit Of talk II up In this wise.
II has been apprehended by many that the means by
which the ipatiopists would when they pos
sesed the power carry their ends would be by the
imposition Of specific taxes negro property inor
dnste to render them worthless to the owner aud
thus compel him get rid Of them by sale enamel
patton To guard against this section proposed
declaring that TAXATION should be equal and uniform
throughout the state This proposition was at first
y
that would lead to very serious ineonvenispces In
the conduct of the and the vote adopting
a. Was r.copsidered. The main Inconvenience thus
feared IL thisNope Of the public works In Kentucky
yield revenue Of consequence sns the expenses Of
and the interest the State debt have
to be met by direct taxation This IL levied the cd
rsiorers principle, property generally and specihcs
ly certain articles such pleasure carriages pianos
gold watches sp.ctscles &c. From this last tar q
amount Is raised; and a. falls mainly
the richer portions OF the state creates but little dis
satisfaction The adoption u the proportion referred
TO, would you perceive prevent the Legislature from
rssoripe TO such system Of taxation In OF emer
srpey After the section reconidered ~ was pro-
posed to declare that taxation should be free and us
form on land and negroes leaving the Legislature to
apply ~ public emergencies might require TO other
other property holders In the State Mr. NJ 2 Mar
shs proposed that all the expenses which the instits
top OF slavery might entail upon the state SHOULD be
by specific taxation upon that description OF
Pre- perty He stated that from the increasing insecu
rity 81 slave property the Ohio border the state
would be called upon to establish an armed police
ctatt guard there reeist the renzed sboonists
81 the He also referred to the fact that
ibturrection might occur vben u would be necssss
10 cute hundreds of slaves and 20 the
for property thus taken for public IL the
which would throw large debt upon the public
The he urged ~ vas but fair and just should
be desyeA by the slave property slcne and not levied
In proportion other property He declared also, that
slavery 20 social and political evil warned the
Convention 20 bevsre how they made the institution
odous 60 that public sentiment for they did its fate
sealed long debate held the result Of which
The rejection Of all the propositions the subject
leaving the constitution TO remsin ~ herstofore, In