Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1866-01-12

tnre oi is65 -as strOngiy Impressed uith
the conviction that tbe funded debt of the
States vas a. large a. could De maintained
With safety 60 Is credit. Such VA. nv own
v'e~ of ths mater. snd tia, the policy q
providing for our wants bv immediate taxa-
ton should be adopted. To enforce thi.
policy. "a became necrs.ary 90 lew very
heavy State tar for the year iss5. This
vas accordingly done. and a tax of one
ornt and Eve mills upon the valsation q
ls'3. ~as imposed. producing the sasn %
tso millions. four hundred sevcntv-six
thoastnd eight huElrcl t.euty-one dollar,
and tE'niy ore cruis. 20 meet existing De.
hc'encics and provide for the payments
which the trca'ury -ouii De ral.ed 20 make
during the var 1850. A. this tax "a. not
payable tih tbe 6rst day % January of the
present ycar. authority was grantee % the
Treasurer of tbe STATE - make t-snpo-s-v
loans to The amount 81 onc million Of dol
iars. not exceeding a var 90 run. IN antiri-
Paiiou Of. and to ts paii from the proceeds
oi this iaS. This policy. and the establish
mrut of a sinking isnd 20 be obtained by
a. annual tax OF three fourths % a mill uroa
every dollar of the State valuaiion. pro,luc-
iac about one hundrcd and iw~nt, thousand
dollars. has bal the c;f,ct 90 MAINTAIN the
high Gnanciai characfcr % ths STATE. b.r
bonds having been soid IN the closest mon
cy market of the year withir one or H.,
per cent A. high a. the I'D bonds ofth.
Jniied Statc.. With al their .dvanta-e Of
exemption from taxation ani superior rate
of in'errst. I caunoi too strongly prrss
upon your oonsidsration. the necessity a.
vel a. value oi aih~riuc % this policy q
gradually paving Of the pubiic debt through
the iH'iruuentality of ibe sinking fund. 4,
distriauies the burlen over a series % wear.
snf looks % - inal extincuishmenf.
The Treasurer % State. having funds 20
'parr. under ihe aiv.ce Of the Executive.
in conioru.'ty wiih ii- la~ h1. invested. bv
purchasing for The sinkiuy fund. bos,l. Of
thc State % the amount q Sf00. 500. 90.
These vere bought a. p-ioss ringing fro-.
ninsfy-fys 20 rine-six dollars on the han
drcd and a vcrT handso,ns sav1nc secured
thereby In ihis connection. 7 ~ould rec
ommend. as sou-r amounts viii % received
from the United States IN the Eguiiation oF
cur claims agaios; the general government
for advances. that whatever b. a. refunded
shall also De- adding % tLe sinking fund.
for the rrason that this money Va horro~-
g b. the State under The authority - make
loans for var purroses and when returned
shonid be appli~i 20 liquids,c the dob, a. a
mhfier oi ladirious economy. Under the
authority % make temporary loans IN ansi~;-
patton % the receipt q the STATE t.x -
is65. ihe Treasurer q tbe State provided
for the payment % be Habiltis. - the
STATE ior advances by cities and towns m
i-6f. % fhe families % soldier. The
rausterinE-out q large nuunbers - troops.
consrquert on the termination % arfive
hostiliiie.. has r-,iuced materially 'hr chs-re
Tor aid furnished The fsuilie. - solIie-s
during the past year. ard the provision
therefor made by tic fax Of 1895 vii De
smoie
The amount ~ scri0 --soiiier,' bounties.
is-red oalrr resolve 70 F. i-uarv fs. 1895.
is $500 oo shich ~iil be PAYABLE At the
of1-e % the Trea.urc- % State. February J..
i~f7. with interest. 7 woad recommend
that hr fhe S'ate ttv of ihc present ye,r ~.
payment 20 provided for.
take pleasure in stating ihaf Won vii be-
able 20 redsre re State fax o. 1850. at
last t-slve hundred thousand dollars. or
about fity per cent. from that "a uas IN
i-f5. fvour appropriation 10 not exceed
fhe estimates ~ thc Trcasurcr az State.
vhich have been made with great esre bv
that vieilant oiicer This viii o. very
grateful preserf relief 81 vour constituents.
who -ili he cbsered PSI lie rro.rcrt ofs
re,luetlon of iheir burdens
sssrvrrrov or -rarr urnrs
la nv allrrs. lsst vcar took o-ca.ion
o. present certain eon.derat,on- ~by ti.e
irdebtedre.s of the States. iaelaIirr an
thrir n.uniripal.iie. shouid o. s.suued ~
thc govcrnr.rni OF iic z rfed State Tie
imporfsnoc of the sui'ect n1st t- nv arol-
ogy hr repeating them The wsr vss
fo1ctt 'or na special ioesilty nor anv ps--
ii-.lar rturrtfIan. Tie corfrsf ras rarely
sni smq'f io- raff'ral existence. anl fo
preserve 'a r.Irefuify rcpubiiran .astitu-
tiors boz tie Jarei States f5r s1 tire o.
cone. a-i '.r fie ts-rao rare Ttosc ~ho
lsvr fallen ranrai Lc restored frr fhc grave
vii no' give up .fs dead. The cnormo1s
sa-r.fec of fie. the fseassreless woe caused
O.. a. sfr.s.r. ..rm r.rr.- - .N.~..H -.