Orleans independent standard. [volume] (Irasburgh, Vt.) 1856-1871, 1867-10-18

Auditors orders, 81
Cancelled. ' = - ! lss,5oo,oo
College fund, paid on
Governors warrant, SLEW
Safety fund, paid receiver Dandy Bank, 6,15OOO1
Interest On bonds and loans, lOOoUo,1o
Interest on taxes and discount of
three per cent, lZ,2y,1a
Temporary loan paid, l45,VOO,VO
Balance to credit of sinking fund for
payment ofbonds due 1871, &UO,W
Balance in treasury Sept. 9th, 1867. 4,oiS'4o
"A 4 eA Total, 80 A-A s73,e7s,7l
FUNDED DEBT OF THE STATE.
Bonds due June LIST. 1871, $797, 100
Bonds due December LIST, 1874. 25o,OOO,OO
Bonds due December LIST, 1876, 100
Bonds due December LIST, 1873, 600
. Total 81 AZ g ,S SSS 60 90
aa Total funded debt, sl,s75.oOO,oO
The funded debt being reduced in
the past two years, N5,OOO,W
LIABILITIES FOR THE CURRENT YEAR.
Sundry balances in the Treasury, $200O000
Interest on bonds and loans, 100000
Other current expenses, 25OOOO,OO
For sinking fund, installment on bonds, $50 90
Total, $5lOOOOOO
RESOURCES.
Balance in Treasury and
due on taxes, $5O,OZ7 ,67
Received since close of
fiscal year on account ."
of balance due from the
United States, 57,53O,3l
Total on hand, los, 557 ,9S
Balance, $40, 442, O2
It seems to me sound policy to con-
tinue to apply yearly $4,000 90 as
sinking fund to retire the funded
debt. Should you concur in this
view, and should the basis of the
foregoing estimate prove correct, it
will be necessary to assess tax upon
the polls and ratable estate of the in
habitants of the State, that will real
ize to the Treasury four hundred
thousand dollars. 1t will be noticed
that this sum is nearly one hundred
and seventy thousand dollars less
than was raised by tax last annual
session.
REGISTERED LOAN.
Coupon State bonds belonging to
the Agricultural College fund, to the
amount of one hundred and thirty
three thousand and five hundred dol
lars, are deposited with the State
Treasurer. These bonds are negO-
table, and, under the law, are to be
held for years to come. For greater
security, recommend that authority
be granted to cancel these bonds, and
any others that may be returned to
the Treasury for that purpose, and
to issue certificates in the form of
the registered loan of the United
States, inscribing the credit on the
books in the Offices of the Treasurer
and Secretary of State.
COLLECTION OF TAXES.
From observation and experience
| am satisfied that our system of col
Letting taxes can be much simplified
and improved. recommend that the
existing laws on that subject be SC
modified as to require the selectmen
or other proper officers, of each town
or city, to include in the same rate
bill all taxes, whether State, County
+ or Town, or otherwise, duly certified
to them as voted and assessed in any
!. year, and that such rate-bill be com
p mitted for collection to the first con
+ stable, or collector of taxes, in eacl
town or city, who should pay tn,
amount, when collected, to the re
spective Treasurers Of t e State
t County, City, Town, District, or Vii
l. lage, according to the nature of tn,
taxes. The expense OF collectin,
might thereby be materially diminish
;. ed, and taxpayers would be save
l. the annoy ance of numerous calls fror
f different collectors during the sam
s. year.
I ORGANIZED MILITIA.
r. The present law regulating tn
&c organized militia is wholly inadequat
n to provide an efficient force that ca
be relied upon in case of nee,
&c and your attention is directed to tn
a. sensible remarks upon this subject i
$. the report of the Adjutant and Ii
IS spector General. Some portion O
s. the public property in possession o
s. the militia is reported in bad cond
H. ton, and without more vitality in OF
militia system, it would seem niece
sary, that this property should be co
n lected and placed in safe keeping u
te der the care of proper officer. III
J. signs of the times indicate that W
~ as prudent men, should not Who'll
III lay aside our arms, but rather emula
e. the example of the old Bay State
'e- 1851, and be prepared for any enc
ed gency.
EDUCATION. ....
Under the act of the last annu
session, normal schools have been c
o. tablished liz each of the congressio
II al districts. They cannot but pro-
ID, - useful in providing our comm,
nG schools better educated class
teachers, thus raising the gener
IT, standard of education among the pc
ie Pile, which is one of the first duties
ny the State. | commend this subject
10 your liberal consideration.
" BANK COMMISSIONER.
m. The duties of Bank Commission
"a. during past year have been almt
,ar nominal. | recommend that the off
raj be abolished, and that some 9th
cd State officer be authorized to perfo
fer such acts as may hereafter be requ
ire ed in this department.
all STATE PRISON.
to Until within few years our St;
SITS Prison has been self-sustaining,
re- owing to the high price of cloth
18th and provisions, with no correspond
hn ~