The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1868-01-23
THE LAST ANNUAL MESSAGE
], OF GOV. STONE 70 TIE DN004
ISLATURE. sstssa CD .fv vf.1f'n


THE LAST ANNUAL NH0sA0E
j OF GOV. 1T0ME 70 fHD100-,
ISLATURE. stsaa hS .fa lns1i'n
s. sr415 s.: {. ass.,s aaSxA sJ5.ssssy3l 5.sssIy ls III
Gsnstemen ef the Strase ana i1osss NJ n
tutiUes: S j.
In communicating to the General As.
sembly the condition at the Statas aA en-
iofned by the Constitution, aM permit
ted to review with sincere qualification,
a period of uninterrupted prosperity in
the history and growth Df our Common
wealth. III t 3g,h ~
The success Of our financial transac-.
tions during the last biennial term, with
public and private faith co-existing aud
nnimpaired, inspires, confidence in our
fiscal relations, and relieve Us OF any
reasonable apprehension OF future de-
range1nent. The prosperity OF the peo-
pie in their various pursuits, and the
ample returns they have realized from
them to discharge their obligations, to
the State Government with commenda-
BILE promptitude, and inpart vigor and
stability to the execution of its, powers.
An exhibit Of our fiscal operations will
show that, while we have been liberal
In appropriations designed to promote
the public interests, we have also been
Just TO ourselves by observing u system
of economy that has confined the total
expenditures of the State safely within
its available resources. The result of
this considerate policy is observable in
the fact that the State is not only free
from embarrassment, and, as will be
seen, practically exempt from debt, bat
the resources ut our disposal aftea meet
ing all demands, arising from current
expenditures and appropriations for spe-
cial aud extraordinary purposes, will
furnish the basis for Il liberal estimate OF
future disbursements. a. III. afa4hE
While the State disburses more reven-
tie now than at an earlier period, yet 1t
by no means follows that there is less
frugality in the management Of its
finances. As q State advances In age
and population its fiscal responsibilities
become more extended aud complex.
Not only Is the necessity for ordinary
outlays continued and increased, but
new exigencies arise for the application
of Its revenue. Et,... go. slggIs.
All governments derive their support
from that form or system Of taxation
which the circumstances Of the country
and the condition and pursuits of its
people render most expedient aud avail
able. Accordingly, q awisc government
will SO direct its affairs aud determine
tie limits of its expenditures that the
revenue required Tor, The perfprmance Of
its. fanctions may be obtained without
oppression or delay, Within these le-
gitimate boundaries taxation ceases to
be onerous, and herein also well-con-
stituted government cxcmplifies the
soundness and wisdom Of its financial
policy. -. .rs.,.sg sr. n.s
Among the grave subjects to which
your attention will be earnestly directed
during the present session, none will be
more important than those measures
demanding special appropriations of the
public revenue. While it is my convic-
tion that the people of Iowa will freely
meet taxation on a scale adequate to the
maintenance OF the public credit and
the proper support Of their State Gov.
eminent, I am nevertheless adnOnished
by well-dcvelOped symptoms of mone-
tary arrangement, consequent In part
upon hazardous experiments. with the
national currency, that .extrayagant Or
| inconsiderate appropriations, In, the
midst Of this uncertainty, may produce
unnecessary embarrassment. s.4
FINANCIAL. STATEMENT.
The reports Of the Auditor and Treas
urcr, herewith presented, will furnish
you with u detailed statement of the
| financial transactions of the State, under
the various, appropriations made by tht
last General Assembly, aud also with
/ the estimated resources aud expendi
lures of tho present biennial pcrissl.
At the close of the fiscal term ending
November 4, 1865, there was residu,
Of ssi7 i63 remaining In the Treasury
which entered into tile resources of tn,
period that has just expired. Includin.
this residue, there was received into til.
State Treasury during the last tisca
period from all sources, 81 Az, ,395. 10
and the total disbursements during tina
time amounted TO 81 ,3l4 ,654.74 leavin.
an unexpended surplus, November ,
1867, of $97, 7i0.45.
These statements show that, notwith
standing the unusually large disburse
tments required under the appropriation
of the last session, the increase Of sala
/ ries, payments on the public debt an,
the various exigencies which augment
ed the total of ordinary expenditures, W
have, out of the revenue thus received
carried the State through the past tw'
| years without incurring new liabilities
and have left o larger balance in til
Treasury than has been found there a
the close of any preceding fiscal period
In order to understand this expositio
more clearly, it May be well to state tina
nearly S3OO,OO0 of these disbursement
were required under the eNtraordinar
appropriations made to the Orphans
Home, Agricultural College, Asylum
for the Blind and for the Insane, MI
other purposes, including also STA ,OO
in liquidation Of the bonded debt (
1858. Deducting these items from tn
total expenditures, and twill be OF
served that the ordinary outiays of tn
!, State Government during this tim
. were materially curtailed from the fo
mer term. slsa#
The estimated expenditures for til
present fiscal period is $94l, ,G59.3l, m
to this amount must he added, of cours,
such appropriations for special and 81
traordinary purposes as the General A
sembly in its wisdom may consider mel
> cssary for the public good. The r
sources for the next two years are est
mated ut s., l75, ,764.Sl, which MAY 1
; anticipated with reasonabic certaint
! In this amount Is includel 500; ;as0O d,
us4 from the United States on clainss 4
!, military expenditures, wlIich are no
iii process ofsuccessful adjustment, al
will, as / am advisea, DO suditedf faI
I paidet Oh early day. :ao 20 a,ii 60
: - n rUBLIc pEBr.d' !. .:sl.t.
Since thetadiournr,ent pf. the last se
\ sion.4 we liave. as before remarked, III