Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1861-12-04

re a. ~ tthNife' 81. ss.s-----s-s.safoeoi""o ""
Showing deficit in the revenue
Of. .,..""".,,.,,......,." SoI2,0O2 SV
To meet this deficiency, he recommends,
Ia sale Of state bonds being almost imprac-
tieahle aud ineSpedient,) that the proceeds
OF the public lands nov acoruing TO the
School Fund, be placed TO the credit OF State
revenue, and that the price OF land scrip lie
reduced to any cents per acre, payable in
specie, or In Treasury Warrants, and that
the gratuiious distribution Of public lands
should be discontinued, as II Is considered
that we should just before We are generous.
lie next proposes to raise the ad paiorem
tax from the present rate OF l6lc. to Zoe.
per 500; that the poll tax bc raised from
so cents to 81, and that such amendments
be made in the present tax laws, as will in
sure its prompt and thorough collection
He also proposes that all money and credits
bc subject TO taxation.
He shows that 1854, 1888 acres Of titled
and patented lands have hitherto not been
rendered for taxation, which should for the
future be assessed
He estimates the amount oflands not ren.
dered for taxation, and the amount Of cap
iial not subject TO tax, as being equal to
about one fourth Of the entire wealth Of the
State.
Tho sale of lands TO the State for taxes
has been the means Of defeating the collec-
ton of large amount of revenue, and that
the same be discontinued, and the assessors
and collectors be authorized to levy upon any
property deemed by them more saleable.
He also recommends, as the true theory
of taxation, that the tax laws Of the State
be confined to direct ad paiorem property
tax, embracing every character Of interests
Of pecuniary value, and that oil special and
discriminating taxes on occupations, and
tariffs on merchandise, together with all in
direct modes of taxation, be repealed as
detrimental to equality and justice, as we'll
as to the purity and permanency of our gov
ernment.
If the proposed amendments are adopted,
he estimates the revenue for the next two
years as follows:
Amount on hand S1st August
| 1861. Soo,zoo 90
I Due on appropriations OF lo6O,
and other accounts, s,........... $4,000 OO
Probable amount of Office fees, $4,000 %
| Probable amount of land sales, 40O,OOO oO
Ad ralorem and poll taxi. ...-.. l,Slo,ooo w
Total revenue for two years,...Sl ,S38030 SO
| Which, after paying the propo-
sed ordinary expenses Of the
government for two years.. 608,000 90
And the public debt,............. 939,908 63
Will leave surplus on 3lstA Au-
| gust, 1893, of"....-........... 2S9,3l6 oO
1t is deemed proper to provide for this
amount of surplus, to cover any deficiencies
contingencies that may arise from the pres
sent condition of the country.
The amount of money at present in the
treasury being only sufficient to support
4 the government for about one month, and
1 as the revenue of 1861 will not be available
4 until the summer of 1862, and as the treas.
Jury cannot be assisted by The sale of State
bonds, he cannot devise any other means
for the present support of the government,
than by making the State credit available
for that purpose, whicn may be done in rem
dering treasury warrants equivalent to spe-
Gle, by making them receivable for oil pub
lie dues. This he thinks altogether practi-
! cable, since the amonnt Of revenue required
greatly exceeds the amount oftreasury war
rants to be issued; nothing but specie and
State drafts to be receivable for public dues.
| and that for the future no interest should
4 be allowed on treasury warrants, since it
does not enhance their value.
Upon the subject of retrenchments, he
1 considers the reduction of salaries neither
prudent nor necessary, that all unnecessa'
ry service be dispensed with, and remune-
rating prices be paid for such as are neces-
sary. The State should be relieved from all
| - nro inn
for which the Confederate States have SO
amply provided.
/ The claims against the United States for
frontier defense, prior to secession, are es-
timated at $S00,O00, from the acceptance
of the Debt Bill, on February SS, 1862
He recommends that oil claims against
the United States should be transmitted TO
the Confederate government, in order that
an indemnity to Texas may be secured,
which he thinks may be- done under the
provisions of the Sequestration Act, should
it be otherwise impracticable.
The Confederate States having received
the property taken from the United States
by order of the Convention, assumes all re-
sponsibility of the same, and should also re-
imburse Texas for all expenditures in pro-
curement of said property, and also for = II
expenditures on account of the military de-
! Tense of the Siaas arter secession, aud it
may also further justly claim that that Gov
ernment should assume all debts due Texas
from the U. s. These claims, not hav-
ing been audited in fall, may be estimated
as follows:
Expense in procurement of
United States propertyf.A., Sl00,000 90
Military defence of the States
by reason ofsecessiOn,......... 100000 90
/ Claims against United States
prior to secession, to be as
sumed by Confederate States, 100000 90
Total amount, ...............sl, 10000 90
The capital ofihe School Fund amounts
Szsf215z1 zz
Which IL composed as follows:
I o, s. Five per cent bonds,-.. $4,000 90
Railroad per cent. bonde.-. 1.635-500 90