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

ing always with due regard to the present
narrower and more straitened cir
cumstaaces Of the CommonYealth. We
may eohlidently, within the next decade,
expect to equaiif not surpass the increase
in popa ation of any other, State in the
corresponding period Of its history. We
lack no inducement which they could af-
ford to encourage settlement. Indeed we
claim advantages over any other, the most
favored.Let us be liberal and comprehensive
incur designs, las becomes our expected de-
Sciopment, 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 lst of December, 1859,
10 the 1st of January, 1861, were as foi-
,.,s a. - sTseff g. .v8=8 x HIg.aaaAG
Balance in Treasury. y....S LOLA 16,
From From tax , Of Of ;s;o, lsss yc,. los s2S Sy
From u, 5, Treasury Thy appropri- ssS'.9D :
From U. S, Treasury Is q ct. fpndl y SO
From grass on School lands sold. 10 %.
- Total -: ...... ~. ~ $15s, ,622 81
{. During the same period the total dis
bursemsnts were as follows s.s4
Scrip cancelled and returned to ,-, a.
Discount on .depreeiaied Minnesota -, .
currency fetnrned TO Auditor. 7e5 10
. ~. go.
yea Total..'. .E..- -. ...... ~ sl3o, ,646 81
Balance on ,hand. Jan. lst 1861, 3 % Gao ~
The Federal. Congress by an act ap-
proved june l6, 1860, appropriated TO the
State ofMinnesota, so much as then re
mainedundrawn of a former appropriation
of S26, 600, made March 8, 1866 to defray
the expenses of the Territorial Legislature.
The amount received from. the United
States Treasury by. virtue of this appro-
priat:on, which was, ,nnder the circumstan-
! ces, ,.clt arly just and due TO the State, was
! S2+, ,So5,09J, With this were paid the war
rants issued in payment of the interest due
in January and July, 1860, on the Mime
sofa per cent. bonds, and also terrific
rial Bonds issued by Gov. Msdary, under
the act Of 23d of May, 1857, $500 of
which and interest, l discovered after the
adjournment of the. Legislature, to my
great. surprise were still e9tant.. These
bonds bore interest at = the, rate OF
twenty per cent. per annnm, aud were due
two years from date. AS they had been
long over due, the question OF the interest
to be paid after maturity, presented itSei
in this case; whether the State shonia
IN ha Irfa aItpf
as before, or avail herself OF the declsion
Of her highest court which determines, that
between individuals on the breach OF the
contract 10 pay at maturity, interest teen :
nicaliy so called, ceases, and damages for
the detention Of the money are to be as
sessed at Z per cent. per annum,. r,,
That decision IS declaratory Of the exis
ting Law, and it seemed that a payment by
the Executive Department Of the npaI
bated rate of interest, without az act of the
Legislatuve, would be 4 payment against
law as declared on the highest authority
Accordingly the Treasurer paid only the
amount Golnd due according to the rule
established hy th2 decision just, referred
to. Although advising this at the time,
rs the only proper course for public OF
| ticcr, LsHbnlt.to your favorable consider
alton tie question Of appropTiating fur
ther sum to MIR. English, equivalent to the
balance uhpaid, computing interest and
damages ahke at twenty per cent. per
aDpum. ....., s.. l.,
rhe. floating debt Of the State may be
stated as follows, including warrants is
ued in payment Of the interest due, Jan
arg lst. 1861, on the s per cent. loan:
Outstanding warrants. .......-... 50, ,5l4 AZ
Indebtedness for which warrants "a .1.'
are not yet issned, about. s..... 900 60
..'..- .f. 10 ..,,..a. S59,3l4 A
The floating debt due January lst, 1860,
was then estimated by me at $s0, ,G0e,:
q more particular calculation by the Treas
urer has found the. amount 20 have been
somewhat over, $50, 900. = From this it
appears that the floating debt has i,een
reduced within twelvemonth by the SUN
Of SIC, G,Oo0.yl..nao 'J IL r5a'Daa -.-'.
= To estimate the probable expenses Of
the present lscal year, with aview to the
Necessary appropriations, it is necessary to
examine those of last year in detail The
statement which follows, is based on that
contained in the Auditors 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 liz proportionate share Of
the expenses OF the Legislature whiehSat
twenty five days in Decemberof OF tina year,
and Of the printipg ordered by that body,
on the principle that each year should be
| charged With the debt therein incurred, and
not the liabilities therein discharged. =. !
! have also omitted. now as formerly, to in.
cludo the interest lp the State debt in the
current expenses of the government :.,al..
Executive Department. ..... :. SIS, 500 0l
| Legislative Department. ........ 1856 Ol
Judicial Department. Observation-Disclosures. l9,200 0(