Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1859-11-17
ComptroIler's Report,

Ply OF the able report OF james T.
Dunlap, Esq, Comptroller Of the
State, to the present Legislature. 1t
is pamphlet of more than seventy
pages. filled With interesting state
ments pertaining to the financial
condition Of the State. The follow
ing synopsis, will, We trust, be accep.
table to our readers;
Receipts into The Treasury for the
year ending Oct. /. 1858, S669,I4l
Al. For the year ending Oct. l,
1S59,SI,lT8,753 40.
Disbursement.
For the year ending Oct. l, 1853,
S750,763 rs. For the year end
ing Oct, 1859, s953,523 IS.
These differences in receipts aud
disburse ments between the two years,
are accounted for as follows:
In 1858, the Bank of Tennessee
paid no profits into the Treasuary.
In 1859 it paid S420,4O3 80. The
Sinking Fund was increased in 1859
$24,2 60, and taxable property
was increased S56,000,000.
In 1859, "tbere we're paid 1885,
S43 81 more interest on the State
debt than was paid 10 1858; $116.-
529 of which were for arrearages Of
interest due in 1857"
"Tbs aggregate expenditures for
the two years ending Oct, 1859,
were s20l,76S 81 more than those
for the two preceding years. But
if the S116:529 arrearages Of inter
est due in 1857, had then been
paid, the expenditures for the last
two years would have been S3l, 2S9
43 less than for the two preceding
years"
The estimated receipts of the
next two years are ST. ,5SO,1S7 40.
The estimated expenditures, $780,
4sS 90.
These expenditures, in the opin-
ion of the Comptroller, can be met
by ga tax Of 5 cents upon the 500
Of taxable property, including I'll
taxes upon property collected by
Tax Collectors" and the other or.
binary sources of revenue.
This will be "a lighter tax than
the people of Tennessee have paid
Tor II years, aud the lightest tax of
any other State in the Union"
The counties of East Tennessee, in
1858, paid into the Treasury, Sl07,-
397 90. Received from the Treas
ury. Sl05,3l2 81.
The counties of Middle Tennessee,
in 1858. paid into the Treasury.
S284,625 so. r. ceiyed from the
Treasury, S122,5S6 So.
The counties of West Tennessee, in
1853, paid into the Treasury, $685.
124 76. Received from the Treas
ury. s7s,376 81.
There is an interest table, giving
the average price Of lacds and taxa.
BILE slaves for each county.
From "Note" embraced in said
report, We learn, that the tax en- land
in several of the States Of the Union,
are as follows: In South Carolina,
upon lands in cities, towns and villa.
ges. the tax is 121 cents on the
500, and on other lands, go cents.
In Kentucky, II cents; in Texas,
122 cents; in Mississippi, l6 cents;
in Arkansas, 162 cents; in Florida,
Log cents; in Virginia, 40 cents;
10 Alabama, 20 cents; 10 Georgia, 7 ]
cents; in Ohio, 81 cents, and Illinois,
81 cents.
"Siuce l84S, the taxable proper
ty has almost tripled itself then it
was worth S129.5l0,043-now it is
valued at S377,20S,641."
In 1S4S, the average value Of
land in the State was S3 O6 per acre,
now it is $50. In 1S4S the aver
age value of taxable slaves was s467
A; now it is 1854 IS.
"The entire indebtedness of the
State. of every description. is $751;
64S,666 &C. OF This only 1884,
COG constitute the State debt pro-
per- an amount which could be re-
duced at any moment, with the cap
itat owned by the State in the Bank
of Tennessee. Cali but $S7, 900
of the balapoe of the public debt
{$12,799,O00,) was loaned to Rail
Road Companies, in State bonds, or
the Companies bonds we're endorsed
by the State.' /