Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1868-10-16
Governors Message,
Fellow Citizens of the Senate and Hous
of REPRESENTATIVES,

|
Fellow Citizens of the Senate and House
of Representatives:
Having assembled in accordance with
the provisions of the Constitution, to en-
ter upon the discharge of those legisla-
tive duties incumbent upon the represen-
tatives of the people, it devolves upon
the Executive to bring to your attention
such business as may appear necessary
for your consideration. 1t is your duty
to remedy any defects in the laws, to
make such changes and improvements as
are required to perpetuate and defend
the rights of the people, and to render
sure to all within our borders the bene-
fit of our free institutions.
You will be called upon to consider
many special and local interests, that
should receive the investigation and ac-
ton their Importance may demand.
The transactions of the Executive
departments Of the government, during
the past year, as contained in the reports
of the State Officers, will be laid before
you. From these reports l gather some
facts, to which | would more particular
ly direct your attention.
FINANCES.
1t is gratifying to be able to report
that our financial condition continues to
improve. Under the wise provision of
former legislations, the funded debt of
the State has been reduced during the
year two hundred and thirty thousand
dollars. With no resources but direct
taxation, and with the extraordinary ex-
penditures during the past few years,
amounting in the aggregate to upwards
of five millions of dollars, we find our
selves at the close of the fiscal year with
a funded indebtedness, after deducting
balance to credit of sinking fund, of
eleven hundred and sixty-eight thousand
dollars.
With continuance of the policy of
providing for portion of the funded
debt, and with due regard to the eco
nomical administration of the affairs of
State, we may still further reduce the
amount required to be raised by taxa
ton.
The war claim of the State against
the United States has received the spec
ial attention of the Auditor of accounts.
The unadjusted balance due the State is
now $207, ,22223. 1t is estimated by the
Auditor that we may expect with conf
dence to receive, within the present fiscal
year, at least one hundred and ten thou
sand dollars ON these claims.
The Treasurer's Report enables me to
make the following statement of the f.
nances for the fiscal year
RECEIPTS.
Balance in Treasury Sept. 1861 S44Sl3 As
Balance to credit of Sinking Fund Sept,
Collection on Taxes, 5l5.O2S IS
Received from Judges Of Probate, l0.4iS 81
Balance from County Clerks, 24735 81
Received from United States on War Claim, 81 63 n
Received from other sources, 1867 81
Total, s754,s62 "A
DISBURSEMENTS.
Debentures of General Assembly, si5,544 40
Extra Pay and Soldiers Allotments, 2,3i4 60
Organized Militia Pay Roll. SIG So
Court Orders. 53,4S1 A
Auditors Orders, JS4.69S Is
State Bonds Redeemed. 10000 90
Balance Credit Sinking Fund, 59,637 n
Interest on Bonds and Loans, SS,366 70
Allowance to Collectors of Taxes 16,904 SO
balance balance in Treasury Sept, 1868. 1855 IS
Total, 1852 A
The classification of the expenditures for the cur
rent year shows. for
Debenturcs of General Assembly, Si5,5A 40
Expenses of the Courts. without including
Interest on Bonds and Loans, 1895 Is
Expenses of Printing, 1895 s.
For Saleres 80 96s is
Asylum for the Insane, l4,oS9 81
Reform School ex xpenses and appropriations II 65 %
Expenses of Board of Education. 4,545 "a
Expenses 9fisgperintendepts of Schools 4295 g
ha pag AND "a Senfra MEEPenSgRss 9 Rs S
Expenses of State Prison, over Income. $3.50 II
Expenses in Sergeant-at- Arms Department, 1851 So
American Asylum for Deaf and Dumb, 2l2Q Is
Expenses of State Library. 1.4l9 q
Appropriations to Normal Schools 1900 90
Official expenses, and Miscellaneous 15,9S3 6S
Total, $780, ,2O9 Sc
ESTIMATED LIABILITIES FOR THR CURRENT YEAR.
For Sundry balances in the Treasury, $4,000 90
Interest on Bonds and Loans, 5000 90
Other State Expences, 100000 90
Sinking Fund lnstament on Bonds, 10000 90
$4,000 90
RESOURCES.
Balance in Treasury and due on Taxes, s7S,153 Is
Balance, ss97. .si6,s5
1t will be necessary to assess tax up
on the Grand List of the State, for an
amount sufficient to meet the estimated
liabilities, and such other appropriations
as may be made. What is received dur
ing the year from the United States may
be appropriated to further reducing the
funded debt, or applied to reduction of
the tax.
The balance in the Treasury to the
credit of the soldiers for allotments of
United States pay, is now, including in
terest, upwards of twenty-five thousand
dollars. The object for which the allot-
ment system was adopted having been
fully attained, it may be well to inquire
if some steps should not be taken having
tendency to bring these accounts to a
close.
The aggregate indebtedness of all the