Prescott journal. [volume] (Prescott, Wis.) 1861-1871, 1866-01-20

Whole amount.d due Trast Funds. 1857 leo
S56S, 200 Of the State Bonds have been
taken mp and cancelled by the State
officers charged with that duty, during
the past year, ii accordance with see. 3,
chapter 2S2,, General laws of 1865.
Provision has been made Cor the pay
ment of S52S. 600 Of the temporary loans
of the Trust Funds, and the currency
receipts $3.50, 753) issued by the State
Treasurer, from the taxes collected for
1865.
Both amounts will be paid in Feb
TuaFy OF this wear, aud when paid the
State debt viii amount to S1.776,T7O, a
little more than two dollars for each in
diyidual IN the State.
The balance of the temporary loan
from tine Trust Funds, S13j. 000. was
made after the levy of the tax for 1865,
as it was not definitly known at the time
the levy was made, how much would he
necessary for the payment of the extra
pay TO soldiers families, consequently
there IS no provision made for its paw
ment. L recommend that the time for
the payment OF the certificates of in
debtedness given for the balance, be
indefinitely extended, TINS making 1t
permanent loan to the Trust Funds
BY the terms OF Section IL, Of Chap
ter $40 of the General Laws of 1865,
the State agrees to take up at par, It's
Bonds owned by any Insurance Cofnpa-
ny and on deposit with the State
Treasurer, as required 10y tie same law,
on the LIST day OF January, 1870, should
the owner of tine bond SO elect.
This will, in effect, be readily accom-
plished before the time arrives by the
Commissioners OF School and UNIVERSE
. ty Lands, who VIII under authority of
present laws, as rapidly rs possible,
invest the Trust Funds under then
charge in the outstanding bonds of the,
State. They have salready adverfi Sed
for SIX hundred thousand dollars of
them for the Investment of those funds.
and when this amount is so invested,
there will remain but S1i7, 700 of State
bonds in the hands of outside parties
The receipts into the Trust Funds
during this year viii, IN all probability
be sufficient to retire this amount; so
that the whole amount of the State
dept will then Abe due to the Trust
Funds, where [ hope IL viii permanent
ly remain, as recommended iii another
portion of this message.
/ recommend the passage of "a law
authorizing the cancellation of ali State
Bonds now held by the Trust Finds.
and all others which muy hereafter be
so held, and that certificates Of iudebt--
edness, running 20 the funds eacli sep
aratelv, according TO the amount due.
from the State to each, not negotiable
49, sf.n II A.. D. =
stead, by the proper officers. This wilt
be great convenience 10 the financial
officers of the State, and measuresol
safety. - Is $50 - asst.
The revenues of -the.State for the fis-
cal year are estimated as follows:
Balance IN State Treasury. sept 80 1865 IS s5essOI
Bank Tax festimAtedl..--- s... 3jiul1 90
From Railroads anu insurance Comics I96euGuO
Tax on suits. licenses aud boarding U. 3eA -
Trust fs ay.iise fOr war purposes 20 .SSSS
state tax.--.- Sn.27s.76
Dine fr0aIthe y. ). on war claims. IG0.O01UO
rs,sIi,.vsp,,as 4Es.s. s.ii I :, cs,.;.5 -
1t Is confidently expected that the
state authorities will be able to effeetsa
full settlement vith the United States
during the present wear, and that the
state VIII be fully reimbursed dor all
moneys expended for war purposes,
which properly belong to the General
Government to pay. Vouchers for a
large amount are already filed with :the
proper auditing ofiiGars at Washington,
and in process of settlement, and other
vouchers are now being prepared for
transmittal.
Congress will probably enact laws
during its present session, which will