Hillsdale Whig standard. (Hillsdale, Mich.) 1846-1851, 1850-01-22

| 4 o which IS 10 D. added for Ouistan-
ding warrants on general fund 80 50
/ Foroutstanding primary school in
terest fund warrant 100 25
| Making actual cash balance in
State Treasury, sc. .597 AZ
1 Much the largest portion Of these receipts has
/ no necessary connection with thc proper rege-
nue. and expenses OF the state government Even
OF he receipts of the general fund a ccnsidefa-
bic proportion is received on account of taxes
collected for several counties which return more
delinquent taxes than their respective quotas OF
I state tax, and which is paid over to them from
time to time Another item Of receipts 10 the
general fund, not belonging TO the state revenue
proper, is the payments for the redemption of
lands sold to individuals at the tax sales, and
which is merely paid in TO be re-disbursed 10 the
sevC raj purchasers on surrender of their certii-
Gates OF purchase. A large proportion also OF
the proceeds Of the annual tax sales, is for mon
les added TO the taxes and interest due on the
lands sold, 10 meet The costs of advertising, the
accounts of the county treasurers, clerk hire,
pOs'ages, ana other expenses incurred ia conse-
quence the sales and is merely collected 10 be
paid out again for those specific objects, which
constitute no pam of the proper expenditures Of
the stale government.
All OF tue receipts 10 the credit Of the Internal
improvement Fund, with the exception OF the a.
mount annually sccruing as the five per cent due
from the United States on account OF lands sold
In his staie form no available pal OF lhe annual
revenue Of the state government being merely
the reception OF land warrants drawn under dii-
ferent land appropriations FOR the internal inn
provement lands al taken up by the holders OF
The warrants, and OF state bonds or interest war
rants for the insiallnents doe from the S. r. Il.
Co; aud on sales OF asset lands or other assets.
The receipts on account Oi the university AMI
school FUNDS so far as they are for interest, are
merely collections TO b. re-disbursel fIr The sup
port OF schools and OF the university, from year
10 year together with the Interest on The dlnounts
respectively due 10 the principal OF those funds
from The state itself.
In order therefore 10 give better view OF our
proper state revenue and expenditures, / have
preparedt bles 6 and ID, which give es.imates
OF our annual revenue and expenses, under ex.
isiHg provisions OF law, for the next, ear or two
as near aS could be framed, without being able
10 iorciell the exact amounts OF pari- paid bonds,
or OF Outstanding internal Improvement warrants
which might come In 10 be funded IN any one
pdrtiL ular year.
Oh lhe Internal Improvement Lands entered
upon the books 0. this Office as sold during the
last fiscal year, I6g13 - acres, or S2l 100 ~
in warrants at The minimum price at which the
lands Were sold, were for lands previously enter
ed anl disposed OF the Land Office under acts
authorizing their sale for Orleis' drawn di-
rectly upon the commissioner OF the Stale Land
Office, without requiring warrants from this Ot-
flee. But 10 be able 10 show the total amOuut
nominaily realized TO the lnternol Improvement
Fund from sales of these lands, ana to keep a
correct account TO this Office with all the several
land appropriations, il was found necessary 10
draw warrants in favor OF the commissioner for
lands sold by him upon these land orders, and en-
ter the several amounts, for. which warrants
were so drawn, sold under their respective
appropriations There were disposed Of prior
to Nov. 80, 1878 on land orjers as above msn-
toned under different appropriations Jt land,
the following quantities, viz Under Act No.
IS, 1874 ON The Grand Rapids Bridge 000 a
crcs; under Act No. l05, 1916, on the BriJgepori
bridge, in Saginaw county, 5000 acres; under
/ Act No l15 1916 on the Lyons bridge 1000
acres; anl part OF the appropriation on the Grand
Rapids Canal under Act No.l9, 1917. 10 wit
925 y acres; making ia all, The sum oi TO-
Us y acres sold on land orders prior TO he
commencement Of the last fiscal year. The bal
ance OF internal improvement lands eniciel up
on our books as sold during the fiscal year just
closed, were The actual sales Tor land warrants
or orders on the commissioner for which war
rants have been drawn, during said year.
ESTIMATED ANNUAL REVENUE AND EXPENDITURES.
The general result OF our present system 0i
taxation and revenue Tor state purposes may be
/ summed up by stating that IL consists OF thciOl-
lowing branches or subdivisions. First. reg
ular annual state tax OF - mills on the dollar
ranging lately from 20 900 to - 600 dollars 90
SecOad A tax for interest ON our internal im-
provement stale debt so faras fundcd for por-
tion of which the tax is authorized io be levied
in advance. and FOR the balance, only after The
interest has become due Ihird Ollcc charg-
eS and part of the interest on taxes paid, lands
redeemed, state bids or stale AK lands sold N this
olice. Fourth. Specific stale taxes on railroads
banks mining aud other companies, amounting
al present to about - 600 or % 000 dollars; bat
I which ia 1852 and thereafter will be increased
to about 65 900 or 20 O90 collars, or more per
[ haps Eifth. The five per cent on sales of u. 5.
LANDS ia this state and the interest unpaid in
starlments Of our salt spring and state building
1 lands. These several sources yield az present
in the aggregate, about li0 600 to $50 600 dolls;
and the Only item, except the increased tax on
the two principal railroad companies aiter 1851
liable tomuch fuctua,ion or increase, is the tax
for interest on that portion of our internal i'm
provement debt moi yet lunded AMI which, as
that takes place, is only authorized % be assessed
aud levied for so much Of the interest as has be-
come past due. That provision is liable, think
to OF two objections; in the rst place u does
not with sufficient certainty provide for meeting
the interest on our state debt, as IL becomes due
nor seem 10 contemplate doing 50 with proper
puncuality; and on the other haud, in case ouI
outstanding internal Improvement fund war
rants and part-paid bonds were all funded, i
would after full years interest OR them as fun
ded had become due, provide for a heavier state
tax than necessary, Thus, supposing that all OF
said warrants aud bonds should be funded before
Jan. 1851, and none OF that class OF Indebtedness
paid in on inslallments due from the s. X. Il,
Co, there wonld then be authorized under Act
No. t13. 1873, Including the $4,000 Detroit
and Pontiac r. II bonds the interest on which
Is provided for IN the same act and IN the same
Tay, an annual tax for the interest on over 50
600 000of bonds amounting 10 upwards of 3 90