The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-03
TENNESSEE.
Tho Financial Condition Of the state and the
blessings OF Radical Rule.

NASHVILLE, Oct. 2s, 1863
In speaking OF the Tennessee radicals 1t may be Of
interest to the Northern people to know just what
radical rule has done for the first 'reconstructedn
State in the Union. have been rumaging among
the facts and figures to be found at the State CAPITOL
and the result, think win Illustrate strongly
than any partisan view Of the situation could the
real blessings OF radicalsm In this State Here they
areThe Indebtedness proper Of the state the lst
ofOctober, 1851, 50, 90, and its liability
bonds issued and endorsed for internal I'm.
provement purposes, sl6,2ll,ooo, the aggre
gate liability being therefore, 800 2o7, 600 &c.
The State debt proper on the LIST OF Octo
Der, 1907, was $3344. 6o6 49, while the entire
e9 a ~ ut tbe renor t 81 ths
to the Legislature which adjourned last August.
demonstrated that the liabilities OF the State, actual
to sac 323 S. The State debt proper it is true
has been somewhat reduced by Onerous taxation;
creased In less than three years slG747l6 o. Under
the internal Improvement law passed In 1852
by the Legislature when the State was wealthy
and prosperous she only ventured TO extend her
liabilities TO $l8,211 200. Since and to Sd OF
April. 1865 less than three years, the present
internal improvements ST., l94 7l6 49, This has been
done under general financial pressure, with an ex-
nausted treasury people made S BANKRUPT ~ the
companies have not paid their interest on the State
bonds and ak are in the hands Of receivers the ma
JOrity OF WHOM are bToWHoWs reiations. ~ WA ne
observed that the state debt proper has been reduced
only s552,0O0 and the question naturally arises,
mas s2ss sH Se people
burdenedfn During the two fiscal years ending
on the soth Of September 1859, the receipts
the two fiscal years ending on the 3oth of September,
those OF 1853 S, S receipts for G sss
the Bank OF Tennessee paid s42o so3 g. which added
to the above excess, makes $l,4i7, 1876 80, and de-
monstates the pleasant fact that in two years the
people, under the wise administration OF the parry
Of progress and reform, have had their taxes IN.
creased 81 Al, 1876 80 almost much the STATE
government cost In 1850. The disbursements for
the fiscal year ending on the 3oth OF September,
the 30th OF September 1859, s7c9,sp0 80, making o
total OF 81 502 $40 o. The disbursements for the fiscal
year ending September 20, 1885, were 81 0es oT0 IS,
and for the year 1867 SlI76,51 80, making for the
two years $2,sI54s5 So an excess over 1sj8-59 OF
$1372 96s si In the disbursements for 1850 are
included $40, GAL 62 to the agricultural bureau and
societies and 1907 81 to the school and academy
funds, making the sum OF st52,53e 40. During the
years 1s66-67 no disbursements for those purposes
were made, for the appropriation for the encourage
ment OF the agricultural interests were repealed and
the school funds are not included In the disburse-
menis. Taking this sum from the disbursements
OF Is5s-59 II leaves the sum OF Sl0l9,0.4 55
This deducted from the expenditures OF 1seG-6r
state government cost the people for the year ending
September 80 over aud above the cost OF the state
government for the two fiscal years ending Septem.
Der 80. 1882 The financial condition OF every county
county as an example. In 1858 the aggregate state
tax paid by this county was 1914 62i;. The tax
on the 800 was % 20 cents and the poll tax, State
and county, so cents In 1866 the aggregate State
tax was t4,o01 7sh. In 1857 II was sI,4s9 IS. In
1865 " is &s,s43 62H and IS cents on the 900.
Tennessee IL assurpllv sfeconatructpd.