Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1863-01-13

SeDiral hallroad funds TO pay that falling
due IN July, 1763. The revenue now co j.
lected to pay Interest will also not be need.
ed tlH TIE lsi Of January, 1864. AT that
gate, u foreign bondholders will not re-
-celve the Treasury notes, and If these notes
will not command the better to convert
them into gold at a discount, if the credit
aud best Interests of the State should de-
mand it, rather than attempt the imoossi.
bic task Of collecting the taxes in gold and
silver Should the taxes have to be Maid
IN gold and silver it is certain that the rates
which our farmers and mechanics would
have to pay for the precious metals would
be ruinous.
THE wLR FUND.
The Legislature at its last session an
propfiated, for war purposes, the sum of
So $50, 900.
UDder this appropriation the Legislature
only provided for the issuing Of bgnfs
to the amount of $4,000, 900 and bonds
nave been ISSUED and sold to that amount.
notwithstanding the necessity of the sale
.! Ihese war bonds at time of great fnan-
clal embarrassment, and when bonds from
nearly every other State whore thrown up-
on the market the amount realized tbere-
lor was ,I6I ;S95, being largely above the
value in New York.
Besides paying to the United States the
quota OF fhe direct tax assessed against the
State o. Illinois, there yet rename due to
me otate' from the United States, for ex-
pehaI'oFee nov pending for adjustment,
ahe amount Of claims for which war
Ipuls nave not yet, az yet, been Issued will
not change the relative result.
1t viii be thus seen, altcuph II w,sr
donbtedly the intention of t6e Leoislatnrc
70 increase the State indebtedness TO tins
Sinount OF this war appropriation, that
rom the fluids arising from the bonds soId
a dehtof the State to the United SEE 81
81 ,146. ssh has been Eouidatsd. and that
when the State shall have been ruIIT rein
ouLse9 LOT claims yet nnsdjusted, the whole
on bonds and all other expenses. ontsida
OF the direot tau laid upon US by the gsner.
a. govern ment, aforssid, up to this time, il
less less thau Palf million Ofdollars.
fyor-.~ DIRECT TAX.
Your attention is called TO law or Con.
gress, passed August 5, 1861, imposing a
direct tax upon real estate of $50 600 oo1
inns sum was spportioned by tbs provis-
IONS OF said act TO the States respectiyelv-
the proportion of the State of Iliinools hs.
ing 81 ,246 ,551. " la''' - - - .0''
10 pu:suapce Of said act, on the l3tb NJ
Jan usry last, / gave tho Lecessary motto
- the Secretary ofthe United States Tress,
ury, that the State Of Illinois would as
sumo and pay its quota of said direct ts-
imposed on SAID State, and that the mode
Of such payment viii be by executing a
re tense OF On equal amount OF the liouida-
I 1eu ana determined claims OF said State Of
iiiinois against the United States. accord
ing to the Sd provision Of said 53d section
Of said set." 49, .......-
o. the 3lst day of September, 1862. I
received an official notice from the Treasu-
~ department, that the sum of S9T4.568
mas oeen carried to the credit of the State
OF Iiii7oIs.ia liquidation os her quota of the
6lreet taz imposed on the State bv act of
Congress, approved August 5, 1861, less
hfteen per centum. The amount saved
70 tne State 5y this mode Of payment, is
10 pursuing the enurse abaYe irIiosted
IN nuoitlou to the above sum, there were
saved to the State the expenses of a called
session Of the Legislature, and the salaries
OF host Of new officers or lar,e increase
OF the compensation Of those already in ex
istence' and the people relieved from the
burden of this tax. &C., sf- =
1t VIII be necessary for the Legislature
70 pass the requisite enactment spprov-
ing ana confirming my action in the prem
=. by asuoSequent act Ct Congress, ap.
proved Jul y l, 1862, the collection OF this
greet q tnx 's suspended, after the flrst levy,
assessment until the Of April, 1865, aud
that time.