St. Paul weekly Minnesotian., 1861-01-11


ford 20 encourage settlement. Indeed we
claim advantages over any other, the most
favored.Let us be liberal and comprehensive
incur designs, AS becomes our expected de-
yelopment, but prudent and economical in
administration, as comports with our ex-
listing condition.
The Reports OF the Auditor and Treas
urer will be laid before you, from which
our financial condition will be evident.
The receipts of the Treasury from all
sources, from the LIST of December, 1859,
to tho list Of january, 1861, were as toi-
lows: .-'- b" '~1
Balance in Treasury. ry.........s 1,0l4 16
Frot. tax of 1859 l05, l26 90
From tax of.previoss wears. ...... 40 y
From u, 5, Treasury tby appropri- . ...-9 .
From u. S, Treasury Is . CT fpnd. q so
From grass on School lands Sold. 10 90
Total. ....:.............. .slse, ,692 81
During the same period the total dis
bursements were us follows 5.4
Scrip cancelled and returned to
Auditor. r...........,....,...... SI3o,Vot os
Discount on deprecated Minnesota ..-.-.
currency returhed to Auditor. 795 30
. Total. sl33. .546 81
Balance on hand Jan. lst 1861, :, hEo IS
The Federal Congress 10y an act ap
proved june l6, 1860, appropriated TO tAo
Stats of Minnesota, so much as then re
maineti undrawn Of former appropriation
Of S26, 900, made March 3, 1866, TO defray
the expenses of the Territorial Legislature.
The ainount received from. the United
States Treasury by virtue of this appro-
priaton, which WAS, ,under the circumstan-
| ces, clt arly Just and due to the State, was
S2+, ,So5 90 With this were paid the war
rants issued in payment of the interest due
in January and July, 1860, OH the Ninne-
sofa per cent bonds, and also terrific
rial Bonds issued by Gov. Medary, under
the act Of 23d of May, 1867, So, 500 of
which and interest, | discovered after the
adjournment of the Legislature, to my
great, surprise were still eXiapt. These
bonds bore interest ut the rate OF
twenty per cent. per aunnm, aud were due
two years from date. AS they had been
long over due, the question OF the interest
to be paid alter maturity, presented itSeSl
in TINS case: whether the State shouia
cOnt.nue to pay the same interest altei Que
as before, or avail herself OF The declsiOu
Of her highest court which determines, that
between individuals op the breach OF the
contract 10 pay at maturity, interest teen
nicaliy so called ceases, aud damages for
the detention Of the money are TO be as
seSsed 1t per cent. per annum ..
1 hat decision IS declsTatoTy Of the eXis
ting law, aud it seemed that payment by
the Executive Department Of the una
bated rate of interest, without AZ act OF the
Legislature, would be payment against
law as declared on the highest authority.
Accordingly the Treasurer paid onl y the
amount fond due according to the rule
established hy tn decision just, referred
10. Although advising ths at the time,
os the only proper course for o public of
Gcer, isupInlt u your favorable consider
alton the question: Of appropriating fur
ther sum to Mir. English, equivalent to The
balance uhpail, computing interest and
damages ahke ~ twenty per cent. per
GDpum.
fhe floating debt of the State may be
stated as follows, including warrants is
ued in payment Of the interest due, Jan
ary Ist, 1861, on The s per cent. loan:
Outstanding warrants. .........-... 1914 IA
Indebtedness foi. which warrants
are 40, yet issned, about. ...... 5000 60
'... .... S59,3l4 *
The floating debt due January lst, 1860,
was then estimated by me al $50, 900:
q more particular calculation by the Treas
urer has found tho amount 20 have been
somewhat over $50 900. From this it
appears that the floating debt has been
reduced within twelvemonth by the SUN
Of S2O, O,U00.,.- SO .,.- .'ia ..'.4 -.+
70 ESTIMATE the probable expenses OF
the present fiscal year, with aview TO the
Necessary appropriations, il is necessary to
examine those of last year in detail. The
statement which follows, is based on that
eontained in the auditors S Report, simply
correcting the same, in the case Of the item
Of State Prison expenses by the accurate
report OF the Warden, and assigning to
the year 1859 It's proportionate share Of
the expenses OF The Legislature which sat
twenty-five days in Decembcr of tnat year,
and OF the printing ordered by that BODY,
on tie principle that each year should be
charged With the debt therein incurred, and
not the liabilities therein discharged l
have also omitted, row as formerly, to in
/ Glade the interest ~ the State debt in the
current expenses OF the government :. .ss
Executive DcpaI tmcDt. SIS, 500 90
Legislative Department. nt............ 81. 7.656 90
Judicial department. nt............... $500 90
Public Printing :..........-........ Il, l20 90
state Fflsen Observation-Disclosures. 's,t93 81
Normal school. oi..................- 1900 %
Total. al..-.,................. 26e 9S
The gross amount it will be perceived,
falls short Of my estimate made January
I'd 1860, only some $4,000. ...... ..
The wise reduction of the number Of
members Of the Legislature, and the limi-
tation Of their session to sixty days, will
work a very satisfactory retrenchment Of
expenses, You may also bear.in mind, that
as yoar predecessors made d saving TO the
Treasury by providing for. The limitation Of
| al sessions, sou may perhaps be able to
f. add TO their good WORK by making the
present one iaoolious AMI short. .....
| The Treasurer has prepared careful
estimate OF the expenses for 1861, consider
ably in detail of Thich / here present the
aggregate; -, ID
Executive Department. $lS,50Q
| judicial epartlAeit,..a. 19,400
Legislative Department. ........... l9,So0
If4nil!S. ...'.....--- Iz,oVp
',tatc frlson.- .-..,..,....-... -.......,' -o,oUo
io'N. '.....,..,,,--.-..-...-,.. SI4.1oe
Let your scrutiny of appropriations
| keep the ordinary expenses within that
limit, and we may safely anticipate graft
fying record to be exhibited Of the position
| Of the States finances in January, 1862.
The aggregate demands on the Treasury
during this fiscal year may be, then, quite
accurately stated as follows 80
0dinary Expenses es...-.............,.S S74, 200
July interest per eent. ;....-f.... 10000
kioat4Hto "ept'-. 49,. .......... o9,vop
Prison accommodations. .......... 5000
hai'roads. ....-.. !.............. 1000
lotal ....-..-.,..... Sl52,To0
To meet this we have the tax of
1850, due March 18th, 1851,
amounting TO. ......::..... 's147, ,01S So
Delinquent tax, due Jan. j, 1851 2l6, Je4 %
I"t*| |''...-.'....,r.. l,..-:t sStS,5pI 10
With t--o increased ability of our peo-
pie to pay, believe it is not too much to