The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1855-10-19
nSrocK Owned BY THE STATE.

ORIGINAL ESTIMATED
STocK. COsT. PRES VAL
Bank of Tennessee, 81, 100000 ST. 100000
Union Bank, $4,000 650O0U
E.Tenn. s. Ga. Railroad $4,000 100000
franklin and Columbia
Turnpike, 1880 56,925
Lebanon and Nashville
Turnpike, $4,000 4S,266
NolenviIe Turnpike, 47,O0O ll,75O
Nashville and Charlotte
Turnpike, 10000 10000
Lebanon and Sparta
Turnpike, $4,000 2l,l70
Columbia Central Turn
pike, $4,000 2l,l70
Nashville and Kentucky
Turnpike, $4,000 l2,50O
Clarksvile and Russell
vile Turnpike, 1880 5000
Columbia, Pulaski and
Elkton Turnpike, l26,600 1898
Nashville and Nlurirees.
boro' Turnpike, 66,666 &c 30,530
Gallatn & Cumberland
Turnpike, 5000 6,2S3
GaIlatn Turnpike, 10000 $4,000
Cumberland and Stones
River Turnpike 10000 10000
--
Total value, 3,292,7I6 &C 2,244,s27
The above urnpike Companies pay 6per
cent. on the estimated value.
Total value Of Taxable
Property, $2l9,Oll,047 81
Total number of taxable
Polls, l00Oll
State tax on s2l9,OlI,O47 81
at ten cents on the bundled
dollars, 2l9,0ll OF
State tax on l00,0ll polls at
fifteen cents, l5O0l 65
AT the last session of the Legislature, an
act was passed directing the Governor and
Comptroller to invest the dividends arising
from the stock in the Union and Planters
Banks in the six per cent. bonds. We have
received on account OF said bonds one hun
dred and fifty five thousand two hundred and
torty-nine dollars and thirty six cents; and
have contracted with the Bank of Tennessee
for the whole amount in Bonds.
As it becomes your duty to appoint n Com
mittee to examine the accounts of the Comp
troler and Treasurer, would therefore sug-
gest that you direct the same Committee to
examine aud report rs TO the amount received
and disbursed under the act of 1884 Chap
ter "a.
For the details of the State debt and the
true condition of the Treasury, | most re-
spectfully refer you to the report which
will be made by the Comptroller Of the Treas
ury.
BANKS.
The condition of the Bank Of Tennessee
will be fully set forth and made known in u
report which will be made and submitted to
he General Assembly, by the President and
Directors of that institution, at an early day
L will be seen from careful examination Oi
he report that the principal Bank and branch
- have been conducted with great efficiency
II the ordinary banking transactions, and
specially so in collecting and securing n
arge portion of what is called the suspended
lebt. More of this deot has been collected
md secured in the last two years than at any
ormer period.
In regard to this institution, still adhere
o my former opinions; rs submitted TO the
nst Legislature, that the principal Bank and I
Is branches ought to be put into gradual ,
quidalion, and that the present is m ausp.
iuus time tor such gradual liquidation, Civ. I
" ample and reasonable time to all persons
rho are indebted to the institution TO make
for paying the amount they c
We the principal Bank and its branches I
he process OF Winding up the institution at I
10 present time can be made SO gradual I
nd easy as not TO embarrass tho indebt. I
4 portion Of the community in the smallest I
egree.
a number Of Banks baye gone into opera. l