Washington telegraph., 1862-11-26
No.. Is.

ins q iAe salines Belonging " the State,
also 20 the -.liaplaster curreucy. concern
lng WHICH IL is reccuin IN enderi rh,t sail
the present issues be rallrd IL rnaer
a peralfy summarily imposed, I'd that
rev issues be only authorizcd VI permit
I'd upon deposits made Vi State or Con-
fed, rate paper with the State Treasurer,
and ihSn in limited qrnnfiiies; anlrdoilar
for d,-llar" The suspension Or al sales
At the lands ~ the State d,.ring tie war
iis al-o rrccppmenlri. ... t..- .
Inc FYrtipn ~ The message regarding
the fiscal airs of the State, shows wide
difference Vt opinion and much want of
harmony between his cxcellency and the
Auditor, which j. 10 be regretted. This
subject y Of such paramont Importance
TO the Stale that We require the most
accurate Information. to enable Us to
Judge Of tie value of our currency.
The Governor estimates the excess of
the expenditures OF the State over the
receipts fer The last two years % st,47T.-
O5l instead Of Ga ,76l 4T4, u estimated
by the auditor Wg bun. 15t the audi
tors report DctQia "a las nole vi tho ac-
companyIu5 uvc1ai-hts wsre printea) bat
the discrepancy - explained 10 the mes
sage, by showing the difference, as being
still on deposit aud uuexp nded, although
draws from the Treasury Speaking Of
The .'new debt" - created lie gives Us the
following cheering prospect Of State sol
yency, aud pays compliment to the Mil
itary Board. r.a ira.H
The whole Of this deficit has been dis
burscd for miiitiry purposes, which, by
an act Of the Confederate Congress, i
/ provided to BE- paid ia x to tie State.
80. conceive, that no unnecessary larm
need be Ii, touching the nee ssity Of
selling the States lands for the liauida.
ton OF this deficit, which seems to Re ap-
pretended by the Auditor in his report.
! Indeed apart from the payment Of this
amount " mouey By The State, for mill
itary purposes, the Gvuiederacy is largely
Y Indebted to Arkansas for subsistence
sto cS. arms, ammunItion, and sugar
sliced at Helena, AID steamboats, at Des
Are, by Confederate officers. and appro-
prIated 10 Confederate use. The gross
amount OF which articles will equal cay
SI5U, GUO l
HE apparent deficit will therefore, not
Only be met without the sale of lands, but
u On the receipt oil the State't dues from
the Confederacy, she wall have money on
hand sufficient 20 pay Oft considerable
portion II the old bank debit" which the
couutry las heretofore SO fondiy antici-
patel, was Oh the eve Of final extinct
lioa. H.M. sus-.~
Taking il view tits surplus Of 500, 900
, for substance stores. and the $4,000, 900
acres Of !and, reierel 10 By the auditor as
belonging to the State, most of which was
obtained by the act Vt secession, fnanci-
Al y, the States condition is most enyi-
able one-presenting less liability, and
more resources, than tie proudest Of her
Confederate sisters. The ecouoIny dis
played By tie military board, l. unpar-
a;slied in the history " this war. With
one aud half millions of money, it las
organized, subsisted, transported and
equipped thirty>fye regiments and bat
tuiiOns of roluuteer soldiers, aud put them
in the field, ready for duty, beside pay
ing all other accounts accruIng for States
service and defence. And this the board
has done, free from pecu'ation. embezzle-
ment, or theft, on the part ct It's surb0r-
diDates-except In a solitary instance Of
a few hundred dolars-whicb was prompt
ly detected, and redressed by legal perse-
cutiOn.
He thinks il may not be necessary to
assume the Confederate tax for the two
years to come, and estimates for them as
follows:
The two years revenue at SIPS, 900
each year. added TO the Confederate mon.
ey on hand, makes 1888 ,e54 leayingat the
end of twO years, rrcording to my view, q
deficit only Of SOC $40 To meet this VIC
nave the unexpended fund 81 tie military
board -Ear bonds and treasury wlrraDts
whief reccomnnabd fu be used fur civil
expeDdtures, after res5ryiDg sufficient
amount, say So, o0o to pay outstanding
demands. r" wv WI
Beside the interest ID var bonds will
be rapidly diminished by their receip'
into the treasury for revenue and othel
! payment OF State dues. And unless the
Confederate tax i paid FIR 1868 aud 1864
10 deficit will exist at the expiration o.
the Incoming two years, at the preset
ratio Of taxation, which IL low. tHl
1t is recommended that all inter.
bearing paper be Withdrawn from c'sreaft
ton. aud scrip or treasury va rrsrv ho,a;,
out Interest issued instead. -. This pr
The deficit il the assets I've eee IRE reno !,
Estate Bank i estimated al Of the abolitit
. 20, lie thinks the the err. : the place u =
HIil ht aglpigHt D pnynp land scrip. Tn
y ..na $50 RI while the land cfic,
.4 a compute that time
Zoo meet Whioh il hn which it has to run
nctrf u. defie,I the county Of Woodruff
AaFTr Of St Francis counties