Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1863-01-22

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TO tie Senate and House of Representations
81 OF the General Assembly OF. Indiana: as-
bsiirJ 'asla CONCLUDED. iaioJni ssBoil
-fa.n ei1 .l.q WAR LOAN. -foiaaso ssfai-
By an act Of the Legislature, approved
May II. 1861. the Governor was authori-
zed TO Issue bonds to the amount OF 81.
O00. 900. bearing interest at the rate Of
per cent. per annum. payable semisannual-
ly. and falling due 20 years after date, and
Hugh Mccullough. James NJ. Ray and
John H. O'Boyle. Esqs. were appointed
Board Of Loan Commissioners TO nego-
tiate their sale. 'Hf
Hugh McCollough Esq. having faile,l
to accept the position. appointed jesse
j. Brown. Esq. to fill the vacancy. The
report of the operations OF the Board is
herewith Submitted. from which it will
appear that the bonds were sold on terms
favorable 10 the State, in view Of the then
/. depressed condition of the money market.
and when compared with the sale Of Wes-
. tern securities. OF the whole amonnt
sold 81 ,225. 500. 90 remain outstanding.
aud a dett against the State. the remains
der having been redeemed at the same
price at which they were sold. aiding on
ly interest for the time they were outstand
ing. To provide for the payment Of this
debt. a tax was levied. the proceeds of
! which, it is estimated, will extinguish it in
four years. f.I II W ~ "a
r NATIONAL DIRECT TAX.
By the 9th section Of an Act OF Con-
gress approved August 6th 1861. direct
ANIMAL tax OF twenty millions of dollars
was levied npon the United States. and
arportioncd among the several States.
The appoitinnmemt devolved the pay
ment of 1901. .S75,33 on the State Of In
diana. gs lnaIl .T
BY the 53l section of the Act i. was
provided that any State might assume. as
sess and collect its portion of the tax
and pay the same into the Treasury. and il
thus paid on or before the last day OF
June OF the year for which it was levied,
should enritle such State to a deduction
oi fifteen per cent. OF the gross amount To
lie paid by such State. Tic section
further provides that notice of the inicn.
tion OF the Stale to assume and pay her
portion OF the tax without the inlerven-
iion Of the Feder.l sfficers. must be given
to the Secretary Of the Treasury by the
Governor. or other proper officer. Ola or
before the second Tuesday of February OF
each year in which the tax i to be paid
The section also contains this pr"v;so:
| That The amount of di,ect tax apporiioncd
+ TO any State shall be liaLle to Le paid or
satisfied in whole or in Fart Ly the release
of sreh State. duly executed TO the Uni
ted States. OF any llqnidaie'l and deter
mined claim of any such State. of equal
amoun; against the United States: Provi-
| ded. that in case Of such release. such
State shall b. allowed the same abate,n ent
OF the amount Of such tax as would be al
Lowell in case of the payment Of the same
in money.
F,om the very beginning Of tho war. the
State was compelled TO advance large
Sims OF money To equip and supply our
volunteers. and. in fact. furnished supplies
OF every Kind until the Fall of 1861. and
it was believed shortly after The passage
Of that act. that our advances. over anil
above all Ieimburse.nents. would socn he
sufficient IN am"unt to sct-off the amuun.
of tax arportIonei against the State. Ac-
cordingly opened correspondence with
the Secretary OF the Treasury on the sub
iect. AMI a>crrtainel from him tha; the adj
vances ma'lc by the State on behalf Of onr
troops would lie regarded as ..cla.m"
wihin The spirit anil mcaning Of the Act.
aud wonld he admitted in payment of the
tax TO an amount which wouhl he fonnd
duo on settlement. After consultation
with the Auditor. Treasurer and Sec,eta.
" OF State. and in conjunction with them
Oh the = day # December 1861. | filed in
the "fiiae "f the Secretary ol the Treasury
at Washington. n paper officially signed.
OF which a copy is herewith ,rans mitted.
in which we assumed that the State would
pay her portion of the ,lire,t tax without
and proposing to set off against the same
a like sum due To the State for advances
male in furnishing our troops. aud TO re-
lease the United States from further lia-
biIty for the sum thus set -off and advan-
cc.l against the tax. This paper was ac-
cepte,i by the Secretary of The Treasury.
who thercnpon 'leeline'l TO appoint the
officers provided hy the Law to collect the
tax within this State. On the - dav of
.'annary. 1867 Mr.. Langc. the Auditor of
State. proceeded to Washington wi,l,the
papers anil vouchers embracing our claims
against the Government up to that time.
Tor the purpose Of making settlement -
lie found. however. that the moic of se.-
tlcment with the several States had not
been determined upon. by the Treasury
Department.. and the press of business in
the Department was such as to prevent
the taking mp Of our acconnts lie was
directed to file them in the Department to
be taken MP for adjustment whenever they
could be reached. Ii then became obvi-
ous that our accounts would not be set
tied and adjnste,l bv The last of June, 1861,
so as to be ''liqnida,esi and Diet crn. ined''
within the meaning Of the act Of Congress.
as before quoted. aud that. after all, orr
set off against the tax was ahout to fail
Accordingly. brought the matter to
the attention of our Congressional delega-
tion. and asked them to procure. if posi-