St. Cloud Democrat. [volume] (Saint Cloud, Stearns County, Minn.) 1858-1866, 1863-01-08
Governors Message.
Gentlemen. Of he Senate and House Of


The people Of Minnesota may justly con-
graduate themselves upon the continued
prosperity Of this State, during the past
year, Notwithstanding the unparalleled
atrocities of the Indian war.
In agriculture, the chief interest Of our
people, we have kept up with the progress
Of former years, and our wheat aud other
cereals are quoted, in the great grain marts
of the country, as superior to IKE COM
modities of other sections OF the North
west, 49, go.
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 multiludes Of invalids from dis
tant lands to.repair their shattered frames
. in our pure and invigorating atmosphere
and we now await, with Confidence, the sup
preston of the rebellion in the South, for the
restoration of business and the great grown
and prosperity that beniiicent providence
has in store for us. ,va.,.s ,a,I
While the grand thoughts inspired by
the fact that million of armed men are
maintained by the General Government in
sct ye service, with the daily reports Of
| at es fought and victories won, OF cities
$, BID led and States conquered, have the
Il feet, I fear, to dwarf in the public es-
t;mat ON the comparatively small concerns
OF young State, I trust you, gentlemen
viii have proper appreciation Of the du-
ties We owe to our Minnesota, ana VIII 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 US, all
the interests of the State will have been so
guarded and directed that we shall march
On to the fulfilment Of our bright destiny,
without hinderance because OF any acton
or any omission Of ours. .r.4.l H., ~.
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 l.O5 per cent, and the loan a'l-
thorized by the act Of September ~, 1867,
was negotiated ut q 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: -, ... " l... F.
BY act Of March 1sth 1858, a sper cent, $2So o0C
. by act Of Sept. u, 1862, @ per cent, 100000
ro,. $S5o, oot
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 tc
US shortly, Us l am informed by the author
tiles Of the United States in Washington.
The cash payments on the sales of schoo
lands will probably continue to yield from
fifty to one hundred thousand dollars pei
annum. The funds from this source witt
whatever we may receive from the Unitet
States on account of our war expenditures
might be invested, by the purchase OF ou1
eight per cent. bonds, if they are to be hae
at par, or if not, in interest paying stocks
of the United States, 50 US to accumulate 8
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 ut any time be idle, and
the temptation will be lessened to direct
them to temporary or improvident uses.
A sinking fund commission, to consist o
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 ex
hibits the transactions of the financial yea
in most satisfactory light.
The receipts into the treasury from al
sources, were as follows viz:
Taxes for State purposes, Dec. l, 1861, to ~, 49,,
Dec. !, 1862. mills, $l33,oOO .
Taxes for United States war purposes,
Sale Of School Lands, cash proceeds, II, 4s3 a
Rents Of do do interest, grass, &C., or, !.
Board Of U. $. prisoners in peni.entary, i,4O6 o
On account Of per cent. fund on 'aesof NO a.
public land 1888 94S o
balance IN treasury, Dec. ASt, AoOl, 9,AI' =
Making total Of 1921 ,O9l q
The disbursements from December LIST
1861, to December lst 1862, were as fol
lows:
Paid Auditors warrants, sls7.5o5 u
Paid Sec'y Of Treasury Of Quilted States,
on account Of war tax, 47o3O Il
Balance In treasury December 1st 1862, $3.50 81
Making total Of, s22l, o91 <
The balance belongs to the following
funds, viz:
State Revenue, Sl,632
War tax Of Un1tel States, 16,46 !.
School Fund, permanent, ~, ABB
School Fund, Interest account, o,29o
Interest improvement fund, 94S
Making total Of, $50, $50 S
The Auditors estimate of the actual ex
- %h> k,<.> u, FL.