The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1867-01-12

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that am able to state tLat one hundred and
,weuty Of these bonds have been finally paid,
ard this Cause # continual annoyance to the
state finally disposed Of. Bat one bond re-
MANS outstanding this, however, IS barred
by the law.
....., I!.rdEois CENTRAL RAILROAD.
fhis roTl into The state trea'is. Y, cr 'hsyr@f
eu ling, O:t. 3lst, $50, amounted t. the I'M
rsia!ly la..c p - ~ -
Fo- y--r ending oetois- -, is53 4-'V'1''
'1oe.. receipt. from ,,,. .oa.-- firth. two
years ending october u, IS 6, sj23 55ji'
an amount nearly sufficient to defray ;h1
ordinary expenses Of the State. Government.
This revenue, however, by the oct .corpora>
ting the COMPANY, Is pledged to the payment
of iulerc-t-raviuE St-tc indebtedness, until
the extinction thereof.
II. Hon. E,hn More. one of The trustees
created by ...e-ucr, died in September LAST
and General John Il. Palmer was appointed
to fill The yacaacy caused bv lis death.
ASSESSMENTS. RECEIPTS Ayp EXPENDITURES.
Tho t,tai taz,l. r-efs-t ~ II 'i. state A.
2.s-sssd flr tn yesr 81, e.. al ~ .---.-
AMI for tie yg,r $50, ~ 81 80
The amount Of re7saue tax received into
lhe trea,,,rr on these assessment IN IeO1
and 1856. WIS S7I7.3l7.4I, being 3}i9, io&.-
50 on the assessment of 1864. .ni $j7J,>
2I4.52 on tia. oflSjj. In al4itioa TO tho
above receipts for taxes levied in 1860 and
1856 ths sum oi 50. .59n.H. or account of
taxes 1r previous yrars, has been received.
$7ISj03 from miscellaneous sources, and
$j99 -1jGt trsm cy'rlcrJ.rary sources, VIZ;
SI3LG-a - for relcmp,i'n' AID st.es ot the
M.,l-s,la - yerty Pascs1.sI by the state,
aud ) %rJ,fI5.sI, war "a I'D transferred -
.nl mil Ito .f,,a ~ey.u.e r,gI. making an
Yra cv,.... Iifnr-. Juriur the pa two
y.srs c,- ,-iiu.ry pgro,sas. have been
SpI1 COLE and fsI. .yrec;I pgrg1sss S}SO.-
,.o J2 ,r,.,n4i,,y n 81 2gD .jS 39. The
baIa,c. remain, in tb. treasury December
1t. 1885. WAS SG5.4ZS.5I. which deducted
fr,r, The anonut rpcFiy.I Ir,.. ey,.4agliaary
sources. a,s5eva stated, show, ih4t. without
s-cI, r.oaig.s. . G,fc.t II SI353.3l3 would
bsc, ocoprr,.j in the ainslat available IN the
%, -, ',,,-, ,,- d..rsyi,.y the ordinary
ana c,..,.-,-nt ex-suses of The State Gov,
er.n,ao-.
I, nil ~, ba r.-,.1 fr,ya an examination
of lie 49, ol il,. AsIi,,r aud Treasurer.
,b.t r-,In t!.a ve-r 1871 to lS6f. inclusive.
Tho 1,,,. ,,,,.y,., ,f slt-l-tD3O has. at
J;r.,rat, ,..,,ss a,.I from other funds. been
c,r,.eI iu.o the ordinary revenue fund
T.sra +. a, o,bar fund nov to which the
I.,.,,',,..ra ga, Ioo,, with any r..guc4. 20
.-,T..,r, s,,l defe,e1cj,, as mas o. eur in
tfs r,v,..s, linI. unless the fumIs now in
-, ,-.s..-r .fail Ia diverted far that rur.
-. r.-,, ,ta s,rcial object, TO which thev
ar. br the constitution and lav5 already ap>
nii-I. T.kin, the assessments Of taxabl,
n-o,,.r,y Il, the S,ate f,- ,l.e wear ls6j. with
The returns thus far made fJr l.6j. and allow
ing svcl reasonable increasc in the aasegs-
pents for 1861. under The castom herctJ-
fore rolor,cd by assessors. in the various
counties aud townships a5 may bo expected,
upon the estimates made by the Auditor,
there will be received into the Treasury, for
revenue purposes, for the two years ending
Decen,ber lat, 1865; about SsJOOJo. For
the same period there vii, be required, TO
meet tue standing ordinary appropriations
necessary to carry or the State Government,
to support the several charitable Institutions,
etc, SyJ4,pUO. In these estimates no ac>
count is taken of Tao SPECIAL appropriations
(alich may be large to meet the increasing
requirements of the State, nad which the
Legislature viii be called upon TO provide
fer daris- the pressns session. II IS DclleS-
ell the present rate Of taxation, Twelve cents
Oh the hundred dollars, if all the property oi
the State we're mace tc pay taxes, and !hs
assessment apProXI@,a1cd anything Ike FAIR
valuation, would be sninc'eni to meet all the
demands of necessary and prIi'ient IagISla>
ton.
The spirit and intent Of the Constitution
AMI laws clearly Is to have all property IN
the State valued at what /. 5 really worth, so
that th, burdens q TAXATION may De larry
snd equally bc.ne by al; aud were the
spirit and inieat ot the law properly carried
out TIE assessments would bs more than
l--,l.' hot hoy
bic property Of the State for 1864 was re-
.arhed At $500, Sos, ,S37, and for 1863 at
$592, ,327 ,96G. Now, while 1t is t'ae that we
have no means Of correclly aseertainins the
real wealth Of the State, aad, IN EFaas
measure. are driven t. the race5S1tr OF guess
sing at 1t, tor the census taken Ia iS1O by
the United States, ,shich did not include all
taxable p~rpertv. ~ have been $40 LlS2,O2o,
il /, confidently believed the real wealth OF
the state ut the present tim e j. not less than
~ n3o oJyOnl. II Is only necessary to
,,-.rc.. =. ,he tables Of assessments Tor the
,,,. az, v,,r. nr,scntel in the reports of
ia I,l;;,r or Public Accounts. to satisfy
-. an, ;b,t the greatest inequality and
;, ;!!,;c, IN ,,x.nsvgrs result from the un-
.|.,.l m.tbod of making the assessments.-
;,r,n # +, were possible to overlook the rdic-
o,srousl, low rate ay which property is often
v.InoJ =, different portion, OF the State,
gl,,lc !. :..ay not be wise 10 interfere with
vii s,aL,;.bcd custom. even though the
-, or Tho law are hui adhered to in tho
administration of any great public duty. pru-
d. ,,,ull snam to dictate that when n
,,,,',.,rt .lhcr,r,cc 70 slcn custom leads to
r,f,;rnoss anJ ,rcas Injustice. by uncqually
;,,,,,,,:,,.. ,Lo burleps 6f government upon
iar,s ,n,,;ons of the citizens of the State,
:, ~. .l.,Tl l., al ,pta1 IN