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

ford to 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-
Sclopmenty 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, fromthe LIST of December, 1859,
to the 1st of January, 1851, were as fol-
lows: 10 ,11st,1 .1sl,i., ,VS'"i 20 2's'l''AA
Balance in Treasury. LOLA 16.
From lax of 1859. l05, 1875 80
From tax ofiprevioes years !..... s8, AIS 27
From' Us s, Treasury Thy appropri- ~ /,
gstlSn gss. -.4.> ...s..:. ,..li 24,oY2 W W
From y, S, Treasury(5 y Ct. fpndl, u SO
From grass on School lands Sold. qsll 10 %
,J-Total Z. ...... ~. ~ .$las 622 81
I. During, the same period the total dis
bursements were as follows :GaSs s.fI
Scrip cancelled and returned to yUr0gi
Discount On depreeiaied pre- Minnesota @ ''e
currency fetnrhed to Auditor. .795 45
yo8Total.. :. .xa., ~. .sgg.. -. .sslaS, s46 81
Balance on hand Jan. LIST 1851 81 Ji.d6I5 To
The Federal Congress by an. act ap-
proved June i6, 1860. appropriated TO the
Stats ofjMinnesota, so much as then re :
nainedundrawn of a former appropriation
of $26, 900, made March 81, 1866 to defray
the expenses of the Territorial Legislature.
The amount received from the United
States Treasury. by. virtue of this appro-
priaton, which was, ,ander the .oircumstan-
\ cesE Eclt arly just and due to the State, was
S24, ,s05,0 ,09J.- With this were paid the war
rants issued in payment of the interest due
in january and July, 1860. on the Mime
sofa 8 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, | discovered after the
adjournment of the. Legislature, to my
great surprise were ostill eXtant.. "a These
bonds bore interest at, the rate Z OF
twenty per cent. per annum, 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 Itself
in this case whether the State shoaa
continue to pay the. same. interest after dne
as before, or avail herself OF the decisiOn
OF her highest court which determines, that
between individuals on the breach OF the
contract 10 pay at maturity, interest tech :
nically so called, ceases, and damages for
the detention Of the money are to be as
sessed At q per cent. per annum,.H g.y !
That decision is deelsratory Of the exis
ting law, and it seemed that q payment by
the Executive Department of the upaI
bated rate of Interest, withqutzaE &C. OF the
Legislature would be. . payment against
law as declared on the highest authority.
Accordingly the treasurer paid only the
amount folnd due according to the rule
established by the. decision just referred
to- Although advising this at the time,
q 5 the only proper course for q public of
fcer, IsHbm t.tQ your favorable consider!
alton the question Of appropriating fur
ther sum to Mr, English, equivalent to the
balance Unpaid, Computing interest and
damages ss Jahke At twenty per cent. per
GDDum. .tT 49,. H. t,...~.... !,
Fhe, floating. debt Of tn, State may be
stated as follows, including warrants is
ued in payment Of the interest due, Jan
airy 1st. 1861, on the s per cent. loan:
Outstanding warrants ......-... S51, ,314 AZ
Indebtedness for which warrants - fV7
are not yet issned, about y..s. .tGS, 900 60
iHa ,Ef,JJ.E.D 4.-.>yl- uIa al -J---T7TTrT@rr :
3aiW ban ,L3...a 30 80 aosy yvs. s'9,qhf n n
Tile floating debt due January LIST, 1860,
was then estimated by me at $4,000:
more particular calculation by. the Treas
urer has found the amount TO have been
somewhat over $50 900. - Frem this it
appears that the floating debt has been
reduced within twelvemonth by the sum
Of 26,000as1>.oa2 "u1 l.A .791nIla -..ii
saTo estimate the probable expenses Of
the present fiscal year, with a'view to the
Necessary appropristions, it is necessary to
examine those of last year in detail The
statement which follows, is based on that
contained in the Auditors Report, simply
correcting the same, in the case Of the item
Of State Prison expenses by the accurate
report OF the. wv arden, and assigning to
the year 1859. its proportionatea share Of
the expenses of the Legislature whiehsat
twenty-five days in Decemberof that year,
and of the printing ordered by that body,
on the principle that. each year should be
charged With the debt therein incurred, and
not the liabilities, therein, discharged II
have also omitted, now as formerly, toin-
clude the interest lp the State debt in the
current expenses OF the government :,,o1a5
Executive Department. ...,. ...$ $ls, 500 90
| Legislative Department. ........... 1856 90
Judicial Department. ......,...., Is, 200 90
Pubic Printing ........,......... "a, l20 90
state Frlsen : t...!..... ...!.. J.. 'S,b93 50
normal SCHOOL. ...... -. A.I,00Y 90
$780, -------------7 =
Total. .$95, 269 SS
, The gross amount, it viii be perceived,
falls short, Of my. estimate made January,
I'd 1850, only some $3.50, 90. - -, ~
The wise reduction of the number of
members Of the Legislature, and the hmi-
tation Of their session to sixty days, will
work very satisfactory retrenchment Of
expenses. Yot may also bear. in mind, that
as your predecessors made saving TO the
Treasury by providing for the limitation Of
all sessions, you may perhaps be able, to
add to their good work by making the
present one, laborious and short. ,u.,,,L
d The Treasurer, has prepared careful
estimate of theexpenses for 1861, consider
ably in detail of Thich | here present the
aggregates 5a 5.1l,r..( q IN go.s.
Executive Department. ............. SIS, 500
judicial Department. 19,400
Legislative Department. - ......,. .,.s 1880
Printing. .................... $4,000
state Prlson.- .....4.- ...... ........4 5000
n.iy..I Ell a. Ii-4.S As2 U1..-----.----
Iotai, .-.s...-...s,s-.-,.-,.--.-..-, SI4,7oo
Let your scrutiny Aofy appropriations
keep the ordinary expenses within that
litnit. and we may safely anticipate att