Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1865-10-20

the preservation of the national existence, We
are permitted again 10 meet IN the calm OF
peace, TO discharge those duties imposed up
on us by the Constitution, and demanded by
the best interests Of the people we represent
During the past year it has pleased Al
mighty God 10 grant us great and signal
mercies for this let us jOin in rendering Him
our humblest thanksgivings. while we sin
err,lv mplure his aid and guidance IN the
discharge of all our official and personal du-
ties.
IINANCEs.
From the Treasurer report, herewith
submitted To YOU. it appears that the balance
of cash in tie Treasury, Sept. ,, 1907, was
S424,G9 SO
Tha; the receipts into the Treas
ury from all other sources
during the year, to Sept. .,
1865, were Sl,9S0,l'Z 70
Making in all the sum OF 2,OO5,Z39 oI
That during the year there has
been paid out and dsbursed,
the sum Ot l,'Jo'h- OV
Leaving IN the Treasury I2.4e7 OF
sept. .. le65,
The funded liabilities of the
State. September 5. 1865,
amounted TO l,Oou,Ouu w
consisting of outstanding State
Bonds.
The present current liabilities
Of the State are, -ui 30 %
The current resources, includ-
ing the balance in Treasury
Sept ), 1865. are 25'4II OO
G hiI;,iss of Is4 4,l63 96
The estimated expenses for the
current year are. for interest
on bonds and loans, IUe,I0O w
For all other State expenses, lI9,OOO w
Making to be provided for, S467 ,9lS 90
The grand list Of the State is about one
million Of dollars. and a tax Of fifty cents on
the dollar will probably raise money suff-
eient 10 cover the urrent Liabilities OF the
year.
We are not to forget, however, that we
have large funded debt, which will be bur-
tbepsome TO meet if none of 1t is provided for
heiore il falls due. The close of the war,
and the return of our soldiers, has UeTy great
IN diminished our current expenses, and at
the same time our agricultural and all the
other industrial interests of the State were
never in a more prosperous and healthy con-
ditlon and feel confident that any amount
of taxation demanded by the best interests OF
the State. will be met cheerfully by the peo-
ple and It's payment will not be felt as bur
thensome.
The Treasurer estimates that State tax oi
sixty five cents, ON the grand list of this year,
would raise $3.50, 600 above the current ex-
penditures, to be applied in purchasing IN
outstanding State Bonds and that, for tht
next six years, tax OF forty cents on ths
dollar of the grand list, yearly, will raise 9
sum sufficient 10 meet the current expense.
| of the State, and leave a yearly surplus o
$50 600, to be used in buying the Stat
Bonds as they come into market. Should
this be done to that extent, in 1871 bu
$3.50 900 of our funded debt will remain un
paid a sum that can easily be provided TO
as the Bonds fall due.
Our State Bonds are now selling at dis
count of four or five per cent, and shoul'
gold continue to command premium, as
will be likely 10 do for a considerable time ye
| TO come, THIS. WITH tit ldCl tudt buc ocucAa a
Government and most Of the States, are pay
ing higher rate OF interest than is paid O.
our Bonds. will probably depress their mai
ket value to still lower point. II the Stat
Is in funds to go into market as purchase
with others, it will be able to make positiv
gain on its purchases, besides stopping th
accruing interest s
Connected with this subject Of raisin
money by taxation, We are to remember ths
all our property, no matter BY what nan
called. except such as is expressly. exempte
by positive law, should bear its equal pr
portion in the burthen Of taxation. II OF
; laws produce that result now, then all is We
. on that score but il they iail to accompli:
,, that end, your scrutiny should lead you
; their proper amendment.
SALARIES AND FEEs.
, By our present law, the States Attorni
Q of the several counties are salaried : compe
{ sation, in this mode, is made more to depeI
!, upon the population Of the several COUNT
5 than ON the labor done and service render
b to the State and submit To your judgme
whether this mode has not a natural tende
CIV TO diminish watchfulncss over the publ
, interests by those officers. As far as my ov
4 personal observation extends, | am inclin
: To lslievc, thai crime now, is not 50 the
Carra,,aul ,..,r =, nj ,b ba sa ~.