Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1849-12-06

ii may be said, however. that this territory was acqu
red by the blood Ind of the nation and
consequently should agiiaie this subject. To
h, objection il may well be answered. that this Ter
rltory is common property; the people Of the Union
are the owners they constitute great confederacy
of States. and that ell questions involving common
property aud the common welfare, must ever be
submitted to the wisdom and discretion of Congress
The propriety of expressing BY joint resolution of
the General Assembly. the voice of the people of In
diana upon this exciting subject is respectfully
suggested.
1t is a of qualification to be enabled to state
that financial condition still continues to improve
Ii is the unerring evidence of the increasing
prosperity of the country.
The ordinary expenditures of the State government
for the fiscal year ending the 3lst day of October,
lS49. were S74 1869 So
The ordinary expenditures for the current fiscal
year, estimated by the Auditor of State at S72 000
The amount OF revenue paid into the State treasury
during the last year. al accounts SAL $50 %
which exceeds the amount paid the previous year,
$23. 901 4S.
The assessment for State purposes for 1649. (es,i-
mating the counties of Cass, Fountain, jackson,
Lake, Pulaski, Spencer and Whitley, from which no
returns have been received, they were last YEAR,
is S5pS. 537 81; and for county, rad school, and
township purposes collectively, $3.50 $40 co. adding
TO these the deliDquences of former years un-
collected, amounting TO Sl63, 093 49, and the whole
202 90.
The number of polls returned for 1919, estimating
The seven counties above mentioned, from which no
returns have been received. ;hey last year,
Is l43, 72U. being an increase the returns Of
last year. of 74l5 The value of the entire properly
of the State subject To taxation, returned for l649
ESTIMATING the comics not returned, as they were
last year, is Sl33, 4l9 056 which is an increase
over last year of 81, 455, 070.
The rate of delinquency in the collection of taxes
for lS4S, is about $15 So the $780, a little
less than one-sixth the average delinquency is very
much increased by "a heavy delinquency which has
been continued from year to year, the duplicates,
much of which will be collected. The delin-
quency in large majority of the counties is small
and the collections credItable the people and TO the
Treasurers.
Ii will be seen from the foregoing statement that
the increase the number of polls taxable property
and amnnnt of taxes, has been greater for the past
year than that for many previous years.
Ii rs confidently believed that much improvement
might be made in revenue system; especially so
as to embrace species of property to large
amount which TOP frequently escapes taxation, such
corporation and other stocks, money on hand
interest, and many other articles of valuable ma
ture thereby tightening the burden of taxation which
now rests most heavily upon the agricultural portion
of the community.
| respectfully submit for your consideration, as n
matter Of justice to the Executive, and of sound
establishing tie Office of Private Secretary to the
Governor, with annual salary sufficient to CON-
pensaie him for his services. An officer of this cha
acter very materially aid the Executive in the
performance of many official duties. The Incidental
expenses which the Executive is bound to incur d.
ring the year, added to the very properly al
lowed at every session of the Legislature to an Ex-
ecuiive messenger. would be sufficient to procure the
services of gentleman amply qualified for the dis
charge of the duties Of the office, and whom the
necessary confidence could be reposed.
In 1S47, when the arrangement Of the States indeb
Of interest S 045 000 there has been surrendered
and converted into new stock, to lst of July
last, $9,530OOO
Since July LIST, $4,000
Making S9,563 900
leaving yet into this arrangement, 1455 bonds,
4S6 900. These bonds held ia Europe and in th
country, and coming gradually, the Agent of State
informs that he entertains but little doubt that all will
be surrendered, arrangements be made b.,
the holders obtain The assent OF the parties interested
i am induced to in opinion with this officer fo
the additional that the holders must be satisfied
that the State will f ever make any diferen
arrangements for their liquidation.
The semi-annua interest due TO creditors, under
the acts Of the Legislatures of lS46 and l547 pro
vdng for the settlement Of State debt punctuaI,
paid at the Indiana Agency, in the City of New York
the LIST of July, last, amounting $95 300. PORTO,
of this sum, say $4,000, was borrowed of the Commits
OF the Sinking Fund aud of the Banks-the author
the last legislature entitled ian act making general ap
preparations, &c. for the year, lS49 and for other pur
poses approved January 16, l6491 to the Governor
Auditor and Treasurer Of State be exercised in the
sound discretion There diversity Of opinion
the expediency Of exercising that authory-many con
sderatlons prompted US TO adopt the course indicated
the law referred TO, some of the most prominent o
which, 1st That the Stale stock then at price
which placed by the side of The stock of the regula
dividend paying States to withhold postpone divi
dend would inevitably have deprecated and impaired
shedc of he
and is deeply interested in the completion of the
Wabash and Erie Canalmore particularly the citizens
of that fertile and improving portion of it from Terrs
Haute Evansville, which has heretofore received
the encouragement and legislative attention which its i'm
porance merits. The fund available for that purpose
will hardly accomplish it-if our bondhoders, by ou
conduct assured of the stability, integrity, and
of the State by having their interest regularly
paid, they will only be better prepared but bet
Ter disposed To make up the necessary sum required
them by law 10 bring that valuable work INTO complete
connection with the Ohio river ut an early day Sd
There is scarcely any portion of State that
then, NOW, directly remotely interested in some line
of railroad in process of constructions coniempla
tion with a reasonable hope Of Ultimate completion
these roads wanting aid, and seek IL in many M
stances away from home-the most certain method o
securing this aid TO establish to the world that The
State only rich in but equally prompt IN
payment. 9TH. In borrowing the money from our bank
pay interest institution owned almost entirely
within the State and by the State herself which makes III
the pro6ts accrung from the loan. 9Th. by paying in
State soids the expense Of issuing certificates
for unpaid interest," well the payment Of interest
upon the certificates issued for indefinite period oil
time--the expense of which, from report heretofore
made previous session Of the Legislature, is shown
greatly exceed the the simple loan, say
nothing OF the coniHsion necessarily growing out OF the
issuing of certificates imany of which for SO and
20) and of the keeping of complex interest accounts
The interest paid the Indiana Agency in the city OF
New York. LIST July last a before stated $95 300,
being per cent 81 765 0O0 the debt that time,
under the arrangement.
la January, 1850, shall probably have TO pay,
100000, Two hundred and thirty bonds coming 10
from July January will make up that amount
The State commenced paying interest, with July,