Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-05-11

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The above total amount Of assessed prop.
erty, Sl5, 4O6, 1863 63, comprises the value Oh
the different mining grounds within the lin:
its OF this county which have been assessed
at a valuation exceeding S5,0O6,OOO The
tax on which, at 81 60 per Sl0l. would be
over and above SS0, 200, included in the
above, balance on the Delinquent List OF
1854 and 1865, Of Sl29,59l 81.
Some of the mining companies have mani
tested disposition to pay their taxes under
this assessment; others, on the contrary, eX-
press a fixed determination 10 resist the pay
ment of the tax By testing the legality OF the
Act of the Legislature under which II was
levied. Upon the result of this legal propo-
sition it would be idle here 10 express al
opinion, but should it be a6ju6ged by the
higher Courts that the collection. of the tax
canro. be enforced, the county and State will
be deprived of large income based on the last
fiscal years assessment.
It.may not be unsafe, however, to estimate
the income from that source at $4,000, and
a farther income Of 5000 on the final bal
ance of SIS, 59l 81 remaining due on the De-
linouent List of 1864 and lS65-the county's
proportion Of which, exclusive OF that OF the
County School Fund, would be $4,000
The Treasurer's report shows the total
amount of warrants registered on his books,
inclusive OF the amount issued since the l9tn
of September last to be .S293, $40 81
To which must be added warrants
issued, known not TO have been
presented for registration, amount
ing 10 about ---..-...----.----.. I'<O w
Total .............. s295,l4O g.
Interest on $3.50 $40 81 from date OF
registration, average time months,
= mar
a. ann rae t1'' vi ~ -. . 1885 OF
Estimated amount of outstanding in
debiedness -----------.-.------ SSI1''So W
The law providing fer the redemption Of
the county Indebtedness directs the County
Commissioners to set aside, as a Redemption
Fund, 40.lO0 Of the whole income Of the
county for the fiscal year 1867. and thereafter
until its final redemption, anu The remaining
so per cent toward the current expenses oil
the county.
The following is snSapproximate estimate
of the income Of the county for the nscal
year 1855:
The Assessment Roll, exclusive
of the assessed value of the
mines, estimated al 100000;
tax levied on same for county
purposes, 81 50 per 500. ..Sl3aOOO W
Supposed net income OF the pay
ing mines for the whole year,
sSOOOO00; per cent. tax on
S6,OOOOOO-S60,000 county's
proportion, one half per cent. 3OoCO W
Estimated collections on delin-
ouent list of ls63-6i.----..-. S,oOo W
Estimated collections on delin-
ouent list OF ls64-6S...--.... T,oUJ "
Ten per cent. delinquency on ~
81 ACKNOWLEDGEMENTS oss'.. oo ~ ~
Licenses $i'OOV "
County proportion Of poll taxes o,ooO W
Total .s2aa, $50 GO
Les eoIlsctions 0" e 1880 oO
Total $4,000 90
By law apporIioned as follows:
40 per cent. towards
Redemption Fund. q $1,000 90
60 per cent towards
current expenses l32.OOo 9o 10000, ~
II would be difficult, if not useless, to en-
ter into an estimate Of the probable current
yearly expense Of the county government.
Such estimates, however, conselenuousiy
made, too often prove delusiTe. very little
doubt, however, il any can reasonably be en-;
tertained, that with an eye to economy, and
the ,rus interests committed TO your care,
which from my experience Of the past, am
assured il will be your aim to protect the ex-
nenses of the county will not exceed the
above estimated amount Of income, and that
in the course Of time they will be reduced to
a smaller amount.
II time shall prove the above estimates o.
revenue to be correct, there will be sum OF
SIS, 900 applicable to the redemption Of the
county Indebtedness. The law regulating
he mode and manner Of redemption, as you
we'll know, makes il mandatory upon you %
give a preference Of so cents in favor OF the
sidders Of q Hrst.elass warrants, over ano
above the lowest bids Of second.elass warrant
holders. How this mode Of adjudication
viii operate. whether to the greater or les :,
benefit OF the county, il is very dimeut I: !.
this yearly day to properly appreciate; put
is beyond doubt, that during the entire psrio =
Of redemption, large profit must accrue 9
the county By The discount to b. saeui"se