Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1859-04-22

If the Treasury will Justify a gradual reduce
ion oi the State tax DntIl it is entirely reno-
we'd, and yet the resources will be ample to
meet the ordinary expenses OF the Government,
and annually redeem large amount Of the
State debt, aud secure lis iinal extinguish-
ment.
The State Treasurer estimates the receipts
Tor the year !S59--aGd we are informed the
figures have been more than realized since the
year commenced t30th November, 1852 at
/ S4,990,S2T 76, deduct whole amount receiv-
Ell from State tax for 1859, 81 CSC, ,000, aud
We have ibe sum Of S3,330. So rs as the re-
ceipts Of the State outside the STATE tax; vet
| this sum IS sufficient to pay the expenses oi
/ 1889 and redeem the amount Of the State
debt required hv the constitution. The appro-
priation bill for 1859 is in round numbers, 81
/ 900 zoe; reJiemption of State debt, $3.50, 900
added together, $3.50 600, showing a bal
ance Of SlS0,S27 7G, after paying expense
and debt, without collecting dollar Of State
tax. These figures iBo-t convince the most IN
credalons of tho Clei that the State tax can lie
gradasiis reduced, sud ia few years entirely
removed.
! Your Committee doubt the policy Of cou'in.
Mig the present heavy rate al tax ,ton for tie
purpose OF n rapid liquidation Of the State
debt Tie creditors 81 ih. State receive their
interest pretapily and wiil be satisfied 10 re-
eeive nlucb of he PRINCIPAL as the Gguros
shes be readily paid. 4 more rapid Iiqni-
qlidation would soon Ei4ce the funded deD'
hot due. At rrem'esi, g PAY which We inipk
Ii waste Of money, aud gross inir,stics 20 the
/ taxpayers IL 1891 The United States govern.
Rleu D7nghs il it4 loans al a Leavy premium,
an,i ,breo mouths hereafter was n the markel
/ I'd u borrower Of money. The taxpayers Of
tic Commonwealtt have borne the burdens i'm
p3scd patieutiy fer years, aud now when II j. in
our power it Should be oar pleasure, rs il j.
our duty. 90 relieve them. at leas, 10 the ex
tent contemplated by the present bill. The
policy Of ACCOMPLISHING large sum 10 the
/ Treasury, AMI having at The end OF each }e4e
an uaexpeBded balance o! near, II na; aifo-
ge her 80 millions of do lars is dangerous, ~
.erng Inducements 70 eA,raya ,sr3ee or the part
Of tue Legislature, aud Il tha experiences q
States can be t.Era guide, ati,fding irre-
sistibc teGjptafVl "a speculation and loss on
tlia Fart uf tosa having charge Of the public
fenfS Far 6@iftf aai safrr w5u3i 5t 81 ~
icnv1 tie care OF 50 large surplus IN tho
hal.ls of size rightiul owners, the people, AMI
Bai jtaw II from them III the shape OF taxes,
uuies$ absolutely required TIE present debt
OF lie Gimaeuwcal- u, a stated tly the Audi
tor General. after dednefing the amoant which
will te caurcllc6 hy tie bpn4s received from
The sale a{ he Cluas au3 Railroads of tls
>;a'a, when ,e pr5aouaccs good and respansi-
bic tor thl auioI.ns they represent. IS SIS. .uS1,
III 10, one million oi which t i proposed 50
pay this year, ani in tie cpluien Of those con
vtrs4i,t with the subject, and after careful eX-
amIua;ioE, we riedriy ot the opinion that
the sum oi one million of dollars can be paid
annually uBIil the whule debt is cxtinguisleG
which will ,erpi Of about twen,y-fvee
years. uulrsS some uusarSeeR au3 unexpected
pnbllc contingency should arise 20 interfere
vI'h the regular Gp"I alton Of ;he Treasury. -
1 Nhiia your Committee consider that the con-
slider tisat tie condition OF the Treasury wonia
Justify a greater reduction than Que half mil
on Ii. iniiar O! State tax. and while IN the
present embarrassed aEd sfagnaut condition Of
business throughout the State, and the serious
( losses sustained hy the farmers by failure OF
The crops tor the last few years, we would take
/ pleasure in recommending such course, yet
prn lence and proper regard for Tie fai;h of
/ the Commonwealth forbd u fran reeonnusnd-
Jog ~ this time further reduction IN the State
tax Than Que halt n,i oti the dollar We
present the following figures, based upon the
official returns and estimates Of the ApdItOr
| General and State Treasurer, which We feel
confident will satisfy any ohe OF the correct
ness of the position We assume, and sustain the
/ policy Of the proposed reduction.
/ The State Treasurer estimates
the entire receipts at the
| State Treasury up to 30th
I November, 1889, at st,0sS,800 OO
Add balance in Treasury 30th
November, 1859, S92,027 7G
Entire receipts fo- 1859, S4,9So.S27 70
! The appropr lation bill for 1889,
/ amounts in round numbers,
/ to 100000 90
b lance in Treasury 30'h No
vember, 1859, S2.080,827 76
/ But deduct the payment on
! State debt IS we propose, and
I which we are informed the
State Treasurer will ?ay this
! year, 100000 90
Sl.oS0,S27 7G
And we have he balance of 81 .0S0,827 10
/ IN the Treasury on 30:h November, 1859. after
defraying all the expenses of the State, and
redeemiug one million dollars of the State
| debt
Now estimate the receipts from ali sources
the same for 1860 as for 1859, except from
Stale tax, which item, we will deJuet from the
estimate, and We have the following sum as the
resources, except from State tax, $2.603,-
sos Il.
The whole amount cf State tax on real and
personal estate at q mills on the dollar, as
6xel by the Board OF Revenue Commissioners
at their last trie0uial assessment, amounts 10