Buchanan County bulletin and guardian., 1868-01-24
Governors MESSAGE.
SrATs OF Iowa, EXECUTIVE DEpARTxsxr, I
DIS MoIsEs, Jan. IA, 1868.

Governors Message.
SrArs OF Iowa, EXECUTIVE DspARrxsxr, I
DIS MoIsEs, Jan. IA, 1868. J
Gentlemen ofshe Senate and House Of Req
resentdtices:
In communicating 70 the General Assem-
bly, the condition Of the State, o. snjoine,
| BY the Constitution, ] am permitted 10 re
view, with sincere qualification, . period 0
uninterrupted prosperity in the history ans
growth OF our commonwealth.
The success Of our financial transa ction
during the last biennial term, with publ,
and private faith co-existiug and unimpair
Cd, inspires confidence in our financial 70
lstions, and relieves us Of any reasonable
apprehension Of future arrangement. Th,
prosperity Of the people in their ows variou'
pursuits, and the ample returns they bav,
realized from we'll directed industry, hav,
euabled them 70 discharge their obligation,
to the State government with commsudsbl,
promptitude, and impass vigor and stsbilit,
70 the execution Of Its powers.
An exhibit Of our fiscal operations vii
show thse, while W. hsse been liberal 10 ap
preparations designsd 70 promote the publ,
interests, We have alse been just to ourselve,
BY observing . system Of economy that hal
confined the total expenditures Of the STATE
safely within its available resources. Th,
result of this eonsidersts policy is observa
bic in the facts that the State is not only free
from embarrassment, and, - will be seen
practically exempt from debt, but the re-
sources 1t our disposal, after meeting all de
nd
and appropriations for special and ex,raor
dinary purposes, will furnish the basis for Z
liberal estimate Of future disburse ments.
While the State disbursss more revenue
now than at IN earlier period, yet it by nc
means follows that there is less frngsliiy ia
the management OF its finances. As q State
advances in age aud population, its Gscal
responsibilities become more extended and
complex. Not only 10 the necessity for OF.
binary outlays continued and increased, bu,
new exigencies arise for the application oi
its revenue.
All govern ments derive their support from
that form or system Of eaxa,ion, which the
circumstances Of the country and the condi.
tion and pursuits Of its people render most
expedient and available. Accordingly, .
wise government will 30 direct its affairs and
determine the limits Of its expenditures, that
the revenue required for the performance Of
its functions NAV be obtained without op.
preston or delay. Within these legitimate
boundaries taxation ceases to be onerous,
and herein also . veil constituted govern .
ment exempli6es the soundness and wisdom
of its financial policy.
Among the grave subjects to which your
attention will be earnestly directed during
the present session, none will be more i'm.
portant than those measures demanding
special appropriations of the public revenue.
While it is nv conviction that the people of
lows will freely meet taxation on = scale ad
equate to the maintenance of the public cred
it and the proper support Of their State gov
eminent, Am nevertheless admonishsd by
we'll developed symptoms OF monetary de-
rangement, consequent in part upon hazard.
Gus experiments with the national currency,
that extravagant or inconsiderate appropria>
tions 10 the midst Of this uncertainty, may
produce unnecessary embarrassment.
FIuA HciAL srATgMENr.
Ths reports Of the Auditor and Treasures,
herewith presented, will furnish you With :
detailed statement Of the financial transaca>
ions Of the State, under the various appro-
priatioas made BY the last General Assem-.
bly,, and also With the estimated resources
and expenditures for the present biennial
period.
AT the close Of the fiscal term ending No
vember 4th, 1865, there was . residue Of
ri, ,236.G2 remaining in the treasury, which
entered into the resources Of the period that
has just expired. Including the rssidue,
there was received into the State treasury
during the last fiscal period from all sources,
81 Az, 1895 -, and the total disbursements
during that time amounted TO 81 ,3l4,65474,
leaving an unexpendsd surplus, Nevsmbss
ID, 1867, of $97,740.a5.
These statements show that, notwithstand-
ing the unusually large disbursements re-
quired under the appropriations Of the last
session, the increase Of saleries, payments
On the public debt, aud the various exigsn.
ries which augmented the total Of ordinary
expenditures, We have, ont Of the revenue
'hus reesived, carried the State through the
past two years without incurring new liabili.
lies, and have left larger balance in The
treasury than has been found there st the
close Of any preceding 6scal period.
In order TO understand this expositioa
more clearly, il may be veil - state that
nearly 4300,000 Of these disbursements we're
required under the extraordinary appropri.
Atiops made 70 the Orphans Home, Agri.
cultural College, Asylums tor the Blind and
Tor the Insane, and other purposes, inclu>
ling also $lls,0oo in liquidation Of the
bonded debt Of 1858. Dedueting these
tems from the total expenditures and it will
be observed that the ordinary ousIays of the
State government during this time we're ma
crially curtailed from the former term.
The estimated expenditures for the pres.
mt fiscal period is $94l ,659.3l, and to this
AMOUNT must be added, Of course, such ap>
,ropriations for special and extraordinary
,urposes as the General Assembly in its Wis
lom may consider necessary for the public
rood. The resources for the next two years
lre estimated at 32,ls5,75&2l which may
- anticipated with reasonable certainty. |
10 this amount is iaeluded 100000 due Us
rom the United States on claims for milf
AIRY expenditures, which are now in process |
II successful adjustment and will, - Am
Idvissd, be audited and paid At an early
lsy.
PUBLIC DgBr.
Since the adjournment Of the last session, |
70 have, - before remarked, discharged |
900 Of the bonded debt Of 1853, leav>
ng $s6, 900 unpaid; but - the bonds are
'vsrdus and the State has taken the proper |
seps to liquidate them, they ceased 10 draw
interest from the 6rst Of the present month.
Although these bonds were not due, yes the |
nitro amount Of them would have been paid |
'ver one year ago, il their surrender for pay |
nent could have been procured. Deening |
I advisable to save for the State the accru. |
ng interest on these bonds, the Treasurer |
md myself made diligens inquiry for them
among the leading bankers of the country,
,ut our efforts TO find them, except - 70 the |
amount already paid, we're unavailing. The |
AMOUNT required to liquidste the balance Of |
his Indebtedness is on deposit u the Astro> |
,olitan Bank, New York, and will bs dis
,ursed ON presentation Of the boads.
There being no warrants outstanding, the |
,nly remaining Indebtedness Of the State is
he $4,000 Of seven per cent. bonds. is.
'ued for war and defense purposes in Nay,
1861, and due January lst, 1851. Whether |
he holders Of these bonds could be induced |
y surrender them for payment in advance
II their maturity, Am nos advised; but il |
his desirable arrangement eau be effected,
would recommend that out Of the proceeds
lerivsd from our claims against The United |
States, the amount sequirxd for this purpose
tsN nj L. kc.N.