The weekly hawk-eye. [volume] (Burlington, Iowa) 1858-1860, 1858-10-05

0snso Z II.
!. It 10 not tsus tAss - Republican Party

= respcn.'h'r r. a. sA1miu;stvatien Of this
Dlaae, prios .ss. Isl, 1855.
The Republican Party vas form I'd in 1855.
True, Gov. Grimes vas elected q an anti.
Nebraska Wing in 1854 but At the sAms sstc.
ton the Democrats elected al The Executive
officers save one; and they lad the control Of
the State Senate. They controlled the organi.
xation Of that body until the FIRST Of December,
1850, % every man In the esass very vel
krows.
inc charge that the State Treasury was in q
more abundant condition in 1854, than at the
end of Governor Grimes administration. 10 un-
qualihedIy false and the man who makes the
charge knows il to be so. On the contrary, il
| was in better condition at the latter date, BY
$l7s,ls4 81, as the following statement, com
piled from the Auditors reports. and the Re
cords Of the State, abundanty show
On the LIST Of November, 1854, there
wash the Treasury Of the State 1882 s.
There was due to the Treasury from
! the several Counties in the State,
including the taxes Of that year, l09,l9l A.
Making . total amount of money and
revenue and assets, of ~, 613 u.
| PER CONTRA,
There was at that time q funded
debt, bearing 10 per cent inter-
est, which has since been dis
charged, Of 1875 IS
There we're of outstanding indebted.
ness, warrants, $500 %
| Summary of assets to be collected,
and revenue in hand, over all liza
bilitiss with which to carry on the
government 39,3l7 Al
| Now let US look back at the condition oil
things at the end of the last fiscal year, viz =
Nov. l, 1857, when all accounts are rendered
and allowed.
On the first of November, 1857,
there were in the Treasury Sl3,6S2 90
There was due to the Treasury from
the several Counties in the State,
including the taxes Of that year, 1910 Sc.
Making a total of assets and reve-
nue. due the Treasury, of 494, 74l 46
There were of outstand
ing auditors warrants,
issued mostly on In
7Essane Hospital account, l55,Ol3 Sc
There was due to the
School fund, l22,295 rs
Making a total of liabilities of, 49, 500 81
And leaving of money and assets,
over all Indebtedness and liabili-
ties of the State, of whatsoever
kind, 2l9,422 Is
The balance due the Treasury in
1854 was 3s,3l7 Al
The difference in favor ofthe present
Treasury is 1894 "a
Every man will at once sec that instead OF
the Treasury being bankrupt, there was ball
aHce to its favor, when the accounts were last
balanced, Of SILT APP Is.
These sl55,OlS Sc, of Auditors warrants,
were, under law of the State, bearing per
cent. interest. These warrants were funded;
bonds Of the State issued, bearing per cent.
interest, and the warrants paid off. The $780,.
900 bonds did not increase the Indebtedness
of the State fsrthing The money derived
from them was used in diseharging these war.
rants and other liabilities of the State.
The question is sometimes asked, "why is
there not more money in the Treasury" The
answer is that people have not, many Of them
can not, pay their taxes of last year. There is
an immense balance due the State, from the
several counties, which, if paid, would discharge
every liability of the State, and leave large
surplus.
Taxation is authorized by the code, at ;
mills. 1t was formerly levied at that rate
Last year, the levy was two mills. This year
it is Il mills, one quarter less than last year