The Nevada Democrat., 1860-12-04
TUESDAY EVENING, DEC. 4, 1860.
THE COUNTY FINANCES.

Auditor, showing the receipts and expendl-
lures of the county government from the
Sd of October 1859, (date Of previous re-
port,) to November oath 1860, and the pres
ent condition Of the several funds. The to-
tai receipts for county purposes, during the
period embraced in the report, Including
balances on hand, was Sl14,3l4 lS ana
the total expenditures, exclusive OF interest
and the balance paid on the Court House
bonds, was $6l.249 91. In this expendl'
ture however. is included the sum of S2,-
672 IT. remaining in the special fund, which
was appropriated In the purchase OF war
rants on the general fund. This was not
really an expenditure, but as warrant
was drawn for the money, the Auditor has
included it as such. The balance of S0,OOO
due on the Court House bonds has been
cancelled during the past year, and the ex-
nenditure of that fund is not included in
the present report. On the first OF May,
1858. when the law creating the special
fund took effect, the county debt had prob
ably reached its maximum, and remained
at about the same figure during that sum-
ner and fall. The following ngures, taken
from the Auditors reports of the dates
named, show the outstanding county In
debtedness at three different periods
Total County debt Sept. 3Oth 1s5S.....sl7l 998 20
- n1t q
Total County debt Nov. Gath 1s6o..... l2s,4 ,425 81
The cash balances In the County Treas
ury at the time the reports were made out
should be deducted from the total ontstand-
iog Indebtedness, as given above. These
balances, in the different funds, as appeared
by the reports, we're as follows, at the times
named:
Cash Balances Sept. Both 1858. 4,ol9 %
CASH Balances Dot. Sd 1859. ............... 6ISI "a
Cash Balances Nov. oath 1890. .......... lol4O 10
BY deducting these balances from the out
standing indebtedness, we find the actual
county debt at the periods named, and the
reduction in two years and two months, to
have been as follows:
IOIufV
County debt oct, Sd 1850 143, 49S 02
County debt Nov. oath 1860. .........l. ll2,274 81
Reduction from Sept. 3oth 1908 to Oct Sd
pad%stion iSoy from Oct sd 1859 to Nov soth
yySu'" 1SsOl 81, ,223 IS
1t will thus DO seen that during the past
two years and two months the county debt
has been reduced to the amount OF $685.
7Oi I4-almost half of the present debt.
In the past fourteen months the reduction
was nearly $4,000 more than in the twelve
months previous, Notwithstanding many
heavy expenditures, out of the ordinary
course, have been incurred, such as build
ing the hospital, painting the Court House,
etc.
The Court House bonds have all been
paid of, aud the tax Of twenty-five cents on
the hundred dollars will no longer be levied
to meet that debt. This will reduce the to-
tai revenue about $4,000. But an extra
tax of about ten cents on the hundred dol
lars should be levied for The benefit Of the
INDECENT sick fund. and five cents additional
for the school fund.- which would make the
rate of taxation hereafter ten cents on the
hundred dollars less than II has been fer
some years past. At this rate of taxation
the annual revenue will be some $4,000 less
than heretofore but as with The reduction
Of the debt the accumulation Of interest is
becoming less every year, there need be no
falling offin the reduction Of the principal,
Notwithstanding the revenue will be some
what reduced.
The county debt is still very large-larg-
er than any county debt ought to be-but
when we take into consideration the large |
reduction that has been made in the past
two years, we may reasonably indulge the
hope that 1t will all be cancelled in the next
three or four years. Three years ago county
orders were selling for fifty cents on the
dollar, and 1t was q difficult matter TO dis
pose of them at that rate. Now they read
lily sell for eighty-tvc and ninety cents, and
those who purchase them refuse to surren-
Ter them at par for the surplus money in
he special fund.
1t will be noticed by reference to the
Auditor's Statement, that the debt of the
ndioent sick fnnd Is increasing at about