Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-10-22

was for "iust and economical admnistra-
tion," $500, 900 for the two years, or $3.50, |
900 year. This would leave for the two
years a surplus OF $69l ,36l. The reven-
ne for the first of the two years exceeds the !
estimates Of the Auditor about $lQ,00U.-- |
And it is probable that the whole revenue
for both years will considerably exceed his
calculations for the two years, From this
surplus OF 1851 600 has TO be deducted
quarter part oil the whole revenue for the
use OF schools, Deducting that quarter and
there remains for the two years 1898 ,52l
OF per year $l96.760 applicable to interest
on bonds.
The revenues proper are derived from
taxes on polls, on lands, on lots, on slaves,
on notes and bonds, and on personal prop
erty, and from licenses on merchants and
sundry trades and occupations. The total
amount Of the assessed revenue in 1856
was .r# ' ..
On lands, &C., ....... $49s,ol9
To this add licenses collected, S7,l03
And we have total of .,- $685., l22
The assessment on land, &C., shows the valua-
ton of the several items in 1856 TO have been as
follows.
Quantity. Value.
Polls, 1920 s 43,s49
Lands, 1S,d4l,839 ss,8l5,62S
Town ots, 70,4o6 81 1883
Personals, .. Sl,Uoo,233
The Iesl.sstsf revenue, including licenses, for
the yedSendine October, 1856, was S5l7 1893
For 1887, 6O5,252
Increase in ISL, So, 269
The receipts OF general revenue fund, for
1857, ii they bore the same proportion 10
the taxes assessed that they did in 1856,
would show the valuation Of property
throughout the State as determined by the
assessors 10 be 1865 100000. b.. ..' -
Taking for basis the receipts Of 1857,
and surprising the repeal OF the law which
requires al appropriation o! one quarter
part Of the revenue TO schools, as also that
The special funds are borrowed frcm, we
may calculate the means applicable 10 inter-
esls on State bonds to be over $3.50 600, as
will be shown ia the annexed statements:
Revenue receipts, s605,252
Special funds, l46,S63 1882, 115
Ordinary expenses, 25,UUO
Applied specially, 10000 800 600
Total estimated for inter- 49,. a
est paym't, .r ~ $i52,ll5
As we have seen, ten millions of the
bonds were issued to the Pacific and ST.
Joseph and Hannibal roads. The receipts
OF the first are already large enough TO
promise the payment of the interest on the
bonds issued TO that company. Il has not
at any time heretofore been supposed but
that the ST. Joseph and Hannibal would
provide for the interest OH the bonds. II
these expectations should be realized, there
would remain So, 730, 900 OF bonds, the in
terest on which may be anticipated as an
immediate charge in the State Treasury
This interest would be $343 500. ...
We have then, as possible, from revenue
and other funds, as estimated above, the
following sum:
Applicable to interest on bonds, $i52, 6G5
Interest actually chargelble to State, 343,SoO
Surplus after paying interest, Sos ,8l5
From this statement enough can be col
lected TO satisfy our citizens that If the in
terest charged on the State Treasury is no
heavier than the smallest sum supposed,
the State authorities, by eoonomizing ex-
penditure-by giving the people now what,
indeed, they ought always 10 give the peo-
pie, frugal administration Of the govern
ment-can pay off the interest on the bonds
without additional taxation. !
The total issue of the bonds is, we have
seen, $l5,730000. The bonds authorized
TO be issued are some $24 100000. But
nobody now imuglnes that the full amount
will be called for, though it is supposed that
slight addition to that already issued, may
be required. Ii we suppose this addition
10 be a million more, the total Railroad
bond indebtedness Ct The Stale will be Sl6,-
73O,000,o00. On this superstition, the
bonded debt Of the State will stand thus:
prin.ipsI Annual Tr4a..-.