The Empire County argus., 1854-01-14
[From the California Chronicle.]
GOVERNORS MESSAGE.


We have before us the Message of his Excollency
the Governor transmitted to the two Houses of the
Legislature.
The late hour at which it reached us prevents
our giving our readers more than synopsis of its
principle points.
1t commences with an acknowledgement of the
protecting care and guidance of Divine Goodness,
and suggests gratitude for past and ferycnt suppl
cations for the future
Gov Biger declares his determination to discharge
his public duties in accordance with his convic-
tons of right and Justice: and in strict compliance
with the Constitution and laws He speaks con-
gratulatingy of the health, plenty, mineral wealth.
agricultural productions. commerce, and ali other
sources of wealth of the State.
The total debt of the State, exclusive Of the
Sch Fund, is S300l i55 20 and including S463-
800 received for School Warrants S3,4G4,Sl5 70
The adjusted Indebtedness of the Stateon the 3lst
December was Sl.2l2,339 a.
Amount of Indebtedness incurred prior, but not
audited until after January |, 1852, 81, ,052490 90
Amount of actual debt on the lst january, 1852
S2294 $50 c.
Amount appropriated by the Legislatures of 1852
and 1858 for special objects unconnected with the
administration of the State Government, S43G-
$50 79.
Amount of actual debt on the 1st of January, 1852
and special appropriations by the Legislatures OF
1852 and 1923, 81, 2,73l ,l81 A.
Since the lst of January, 1852, Of the then al
justed debt, in the shape of three per cent Bonds
redeemed including interest, there has been paid
in coin, S272978 Il.
In seven per cent Bonds due in 1865, and re-
deemed there has been paid, in co|n since January
L. 1852 81 600.
Total amount of coin paid in the redemption of
three and seven per cents of 1850 and 1851, S349-
978 II.
The whole amount of three per cent Bonds or-
gnally issued S290,OC0, upon which interest to
the amount of SlS2, 2G0 so, has been paid exclu-
siye of the $5,50l 25 due on the $4075, still out
standing.
The receipts and expenditures for the ensuing
fiscal year, estimated by the Comptroller as fol-
lows: Receipts, S7S0,000; expenditures S9G0000.
Amount of real and personal property in twenty
seven counties returned, S9l, ,33S l75.
Estimated for the other counties sufficient to in
crease the same to the sum of SlOO,OO0oOO.
Estimated cash receipts from Dec p, 1888, to
April Is, 1854. $4,000.
From sales Of property in San Francisco 5000
600
The scheme of extending the Water Front of San
Francisco is again urged upon the Legislature The
right of the State to this property argued at some
length A Board Of Commissioners is recommend
ed for carrying out the plan i'll case the law shall
be passed to extend the front of the city The
practcablity and advantages of the scheme also
dwelt upon. The reservation OF slips is recon-
mended
The amount due the State for the sale of her right
in the Reserves and in property released to the city
by the sale of December 26 is S29S, 437, and from
sale of property by State Commissioners S473,475;
total S77l 9l2 Of this amount the Governor thinks
that S65OO0O can be applied as received in part
payment of the civil debt of the State.
From all these sources the amount which will be
realized it is confidently believed, cannot be less
than seven millions of dollars an amount sufficient
to pay the entire debt of the State civil and war,
in he balance q
three and half millions.
Before dismissng the subject, would remark,
that it may not be necessary, advisable, to sell
Immediately the whole Of the property within the
proposed extension, but only so much may be re-
quired to liquidate the existing State del leaving
the surplus to be disposed of the future wants OF
the State may demand
If, however, the prosperity of the city, and her
rapidly increasing commerce, should demand the
immediate sale of the whole of the property,
would respectfully suggest that the balance derived
after the payment of the Public Debt, be invested
in the United States Six Per Cent. Bonds. The an
nual interest the surplus of threeanda-half mil
lions, as estimated would at six per cent, amount
to S2l0,000
This sum judiciously expended annually for nc
cessary public works at San Francsco--in removing
obstacles to the safe navigation of our rivers above
ports of entry, and in improving public highways,
and building bridges where necessary for the public
convenience throughout the State, in few years,
would eject a mighty change in the condition of
California.
Judicious legislation alone is now wanting to Sc
sure all that is claimed, and in the premises more
than realize the expectations of our common con-
stituents.
To meet the accruing interest on the civil debt,
the sum of hundred and sixty-fve thousand
eight hundred and fifty five dollars and twenty cents
must each year. until the debt shall have been paid,
be collected in cash from the people of the State
The amount of interest accrung annually on the
war debt is $67 495 60, which, added to the inter-
est on the civil debt, amounts to the sum of S223,-
$50 49,"
The receipts into the treasury for the fiscal
year, ending June Both, 1854, are estimated at
S7SOO00, being an excess of S226 600 over the av-
erage annual expenditures as exhibited-by state
ment C."
His Excellcncy recommends efficient effort to OBJ
tain from the General Government the entire amount
of the civil fund.- which amounts to more than
million of dollars.
4 speedy liquidation of the State debt is urged,
and also the assumption the part of the General