Vermont daily transcript. [volume] (St. Albans, Vt.) 1868-1870, 1868-10-12

u DcuturCs 81 General AfSCnhlrs S4J. oh I ' /
.Xtra PAY ana soldiers Autmelts 2,3ll 81 E
organized Militia Pay Roll, DIG 30
ont Ordcrs SO ASl II
auditors Oldcrs, lSl,6JS Is
tate Uonds Redeemed 23J,WO0l
ial. Credit Suhiug tUnt@ 5G.61t IL
interest ON Bonds and kqans, oS,35i ~
Allowances to COLLECTORS OF Taxes, lG9Jt3}
Normal schools. l,JuuUJ
sal III Treasury Sep, 1868, 7l,3ts IL
Total So ,3G2 II
! he ssiipntiun " lhc expenditures for the
current " ~huwe for
Dchcnturcs ui General Assembly, Sj,5ll N
Xpcuscs of the QlU l., (wlthuut III
cludiug SalarieS.) I6'l39 NJ
Inf rrrst on Bonds and loans ~. 1866 10
EXpcp-Cs Of Printing, 1850 IS
For Salaries, 33,96S 10
Asylum for the Insane, 1859 81
lieturm School Expenses and APP
preparation, ,3J1 y!
Expenses of Board of Education 4,5l59i
FXpcuscs of sup It's of schools, l,23o bi
MI itia y Q. NJ Gems Expenditures, 6,ljl 10
Tay Rolls. 2,s6ll7
Expense of state Prison, over Income, 5.3SG51
EXPENSES in S-rgcant-at-Arms De-
rHrtmcnt, 1851 %
American Asylum for Deaf and Dumb, 2,l2J2S
Expenses of state Library, l.ili2
Appropriation to Normal schools, ID 10 90
Oniclul EXPENSES, and Miscellaneous, l0,9o36o
Total $3.50, 2O3 ST
ESTIMATED LIABILITIES roR THE CURRENT YEAR.
For sundry balances in the Treasury, si0,00J00
Interest ON Bonds and Loans, lb,t0O0O
other State Expenses, 2lO OOO'
sinking Fund. lnstaimCut Oh Bonds, lJu,U q o.
Total SlIG,OUUU0
RESOURCES
balance in Treasury, and due On
LAKES, >'0,lo5 10
Dalatcc. 1897, SAG 50
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 othcrappropriations
as may be made. What is received dur
ing the year from the United states
may be APPROPRIATED to further reducing
the funded dcpt, orapplicd tothc reuuc-
ton OF til. tax.
! The balance in the Treasury to the
credit Of the soldiers for allotmcnts OF
United States pay, is now, including
interest, upwards of twenty-five thous-
and dollars. Tie object 1or which the
allotment system was adopted having
been fully attained, it may be we'll to
enquire, ii some steps should not be tax
en-, having Il tendency to bring these ac-
counts to close.
he aggregate indebtedness of all the
towns ana cities in the State, rs shown
from the returns made to the State Treas
urcr, is nineteen hundred and thirty
nine thousand one hundred and ninety
eight dollars. Nearly one-half OF tht
debt is found in the Counties of Benning
ton and Windsoi.
ASSESSMENT OF TAXES.
It is evident to many who have beer
called uDon to admins or our assess
mcnt laws, that the burdens Of taxation
do not bear equally upon all classes o
property. This is owing, in part, to TIN
method ad pied in making up the list
I'm some local. les the real, and por
ton of the pcrs nal, estate, is asscssc,
at about onc-half its Value; while il
others, it il represented in the list ut it:
full cash value.
The assessed value of the real and per
ri sonal estate of Vermont was, in 1868
nearly clgnty.tivc millions OF dollars
while its true value i .. money, according
to the census OF that year, was over tw
, humid ed and fifteen millions. Tdc eX
isting laws equirc that the real and pc.
sonal estate shall be set in the list mt it
true value in money" The adoptio
of any ether course is unjust as well
Illegal. 1t is the practice, on the part c
listers in some localities, TO file their llst
in the Town clerks Office without til
oath prescribed by laS, thereby casin
their consciences for any irregularte
n in their me de of assessing the propcrt
o set IL @ lists. It. may he we'll to Cl
= uuirc if a more faithful discharge of tn
= duties OF listers would not be secure
: by prescribing some Icna(ty for the
/ ncglcct or violation OF tho requirement
of the laws.
Is The right of appeal from the listcl
L lies only in the party whose property
J. appraised. 1t has been suggested, tn;
=, it would be beneficial to give the rigl
u of appeal to any taxpayer, for If an
Is part of the property in town is assesso
at less than its true cash value, 1T is
u matter of interest 20 all taxpayers
~ have it corrected This right f appe
~ would also ensure n more faithful iii
- charge of the duties OF listers.
- The taxation ofpersonal estate, lnve'
81 ed IN this State by non-residents, N
u frequently been the subjc tcflegislatiC
re and. as vet, without any satisfactory /
,e suit. An attempt was made at the n
4 session of the Legislature t enact la
to regulate the taxation ofstocil in RI
roads held by non-residcntS. The b.
rt assed both houses on the last night
TO the session. 1t was concurred in b. o.
of branch after the 9th = had c osed
he business and adjourned. On eXamin
N lion Of the act, / deemed t my duty
rs. withhold nay approval, believing tn
n had the attention of the legislature be-
IT, called to the questions involved, the b
no. would not have be IN passe
il At the session OF 1854, the law W
he passed to viii h the bill in question W
n. an amendment. While neither ailc'
TO ed the tax on the stock of residents,
n the two acts being identical in that !
spect, the bill OF the last session chang
of only the manner of assessing and c.
ed leciing the tax upon nonresident stoc