St. Cloud Democrat. [volume] (Saint Cloud, Stearns County, Minn.) 1858-1866, 1863-01-08

-s-s..a-...-,,,--..--.-.-..-,.--...,,:, =
Governors Message.
Gentlemen Of the Senate and House Of
Representatives. = Z \ \ Z / 4 ,,ii.ii.t l,tG
The people of Minnesota may justly con,
graduate themselves .npon tho continued
prosperity Of this State, during the past
year, Notwithstanding the unparalleled
atrocities of-the lndian4war.s ,r-:.sz,-
In agriculture, the chief interest of our
people, we have kept up with the progress
Of former years, and our wheat and other
cereals are quoted, in the great grain 'marts
of the country, as superior to like COM
modities of other sections of the North
west, "-tS. - Z, . - 1s.-~~ a. = 90.
The extraordinary abundance Of our har-
vests has attracted the attention OF the
world, to the superior fertility OF our soil
while every years experience has extended
the health. giving reputation Of our climate,
and invited multitudes OF invalids from dis
tant lands to repair their shattered frames
in our pure and mvigorating atmosphere
and we now await, with confidence, the sup
nression of the rebellion in the South, for the
restoration of business and the great growth
and prosperity that beniticent Providence
has in store for us. ui. -...o9. a..u,
While the grand thoughts inspired by
the fact that million Of armed men are
maintained by the General Government in
oct ve service, with the daily reports Of
J 1t 'es fought and. victories won, OF cities
81 BID led and States conquered, have the
Il Q feet, I fear, to dwarf in the public es-
t.mat:on the comparatively small concerns
OF young State, I trust you, gentlemen,
wi have proper appreciation OF the du-
ties We owe to our Minnesota, and will see
that amid the clangor Of arms while we
perform all our duties to the imperilled
Government OF the nation, that our own
duties to the present and the future OF this
Commonwealth will be so discharged that
when the cloud of war shall have rolled
AWAY and peace again smiles upon u.s. all
the Interests of the State will have been SO
guarded and directed that we shall march
on to the fulflment Of our bright destiny,
without hinderance because OF any action
or any omission Of ours. .".,.
FINANCIAL CONDITION OF THE STATE.
The credit Of the State as exhibited in
the market value Of our bonds, must be
highly gratifying to all who reflect upon
the depression that but few years since
weighed down all our securities. ...,,
Our eight per cents. have repeatedly sold
for l.O4 to LOS per cent, and the loan au-
thorized by the act of September =, 1862,
was negotiated at o rate OF interest, when
the premium paid is considered, OF less
than seven per cent. ..
The items Of our permanent debt are as
follows, viz: ...- .-.-.5 :......
by act Of March 18th, 1858, a sper cent, $3.50 ooo
BY act Of Sept. q, 1862, q I per cent, 100000
Total. .au $35o.OOo
The loan of 1862 was contracted solely
for the purpose of meeting expenditures
growing out CT the Indian war and the
whole amount will doubtless be returned to
US shortly, Us ON informed by the author
tiles Of the United States in Washington.
The cash payments on the sales Of school
lands will probably continue to yield from
fifty to one hundred thousand dollars per
annum. The funds from this source, with
whatever we may receive from the United
States on account of our war expenditures,
might be invested, by the purchase of our
eight per cent. bonds, il they are to be had
at par, or if not, in interest paying stocks
of the United States 50 Us to accumulate a
fund to meet our eight per cent. bonds
when they become due in November, 1867.
In this way the obligations Of the State
will be provided for, certainly, and no part
Of the revenue will Mt any time be idle, and
the temptation will be lessened to direct
them to temporary or improvident uses.
A sinking fund commission, to consist Of
the Auditor, Treasurer and Attorney Gen
eral might be created, with authority TO in.
vest, from time to time, the funds as they
accumulate.
The report of the State Treasurer OK.
hibits the transactions of the financial year
in most satisfactory light.
The receipts into the treasury from al
sources, were rs follows, viz:
Dec. /, 1862. mills, slss,ooo =
mills. 63,o75 5
Sale Of School Lands, cash proceeds, l2,433 A
Rents Of do do interest, grass, &C., a., =,
sold, o,296 g
Board Of u. 8. prisoners in Penitentary, 1,4U6 O
public land. - e4s o
Balance In Treasury, Dec. list, 1861, 4,729 4
Making n total Of $221,O Z
The disbursements from December lst
1861, to December LIST, 1862, were Us fol
lows: ..
Paid secy Of Treasury Of Uuited States,
account Of war tax, H,O3O I
Balance In treasury December LIST, 1862, 81, 555 s.
Making total Of, &92l, o91 4
The balance belongs to the following
funds, viz:
State revenue, .....- 1852 4
War tax OF United States. 49, !
School Fund permanent II, 433
school Fund. interest account, 1926 9
Interest Improvement fund.- 9lS
Making to,a, Of, $50, $50 S
The Auditors estimate of the actual ex
penses of the State incurred during til
year, paid and unpaid, exclusive Of thos
incurred on account of the Indian war an