Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1868-01-24
GOVERNORS MESSAGE.


DeIitereu before the TWeIftn General
Assembly OF Iowa, on Tuesday, Jan.
fitk, 1888.
STATE OF Iowa, ExEcUTrvE Dept, I
Des Moines, January 14th 1865.
Gentlemen of the Senate and House OF
Representatives.:
In communicating to the General
Assembly the condition of the State,
as enjoined by the Constitution, / am
permitted to review, with sincere graf
ificatioh, a period of uninterrupted
prosperity In the history and growth OF
our commonwealth. a 1asa
The success of our financial tfaflsac-
tons during the last bienfff1i term,
with public and private faith co-exist-
ing and unimpaired, inspires conn.
dence i'm our fiscal relations, and re-
lieves us of any reasonable apprehen-
sion of future arrangement. The pros
perity Of the people i'm their various
pursuits, and the ample returns they
have realized fIom well directed indus.
try, have enabled them to discharge
their obligations to the State govern.
ment with commendable promptitude,
and impart vigor and stability to the
execution of its powers.
An exhibit of our fiscal operations
will show that, while we have been H.
beral in appropriations designed to pro-
mote the public interests, we have also
been just to ourselves by observing q
system of economy that has confined
the total expenditures Of the State safe.
ly within its available resources. The
result of this considerable policy is OBJ.
servable in the facts that the State il
not only free from Embarrassment, and
as will be seen, practically exempt
from debt, but the resources at our dis.
posal, after meeting all demands, arts
ing from current expenditures and ap-
preparations for special amt extraordin
airy purposes, will furnish the basis fol
a liberal estimate of future disbursc
ments. ".|
While the State disburses more reve.
nue. now than at an earlier period, We
it by no means follows that there Is les,
frugality in the management Of its fl
nances. AS State advances i'm az,
and publication, its fiscal responsible
ties become more extended and com
pick. Not only Is the necessity for or
binary OUTLAWS continued and increas
ed, but new exigencies arise for the az
plication of its revenue. ....lr.5
AS governments derive their supper
from that form or system of taxation
which the circumstances of the coun
try, and the condition and pursuits o
its people, render most expedient ant
available. Accordingly, a wise gov
eminent will so direct it's affairs, aiit
determine the limits Of its expendi
lures, that the revenue required fo
tire performance Of its functions may
be obtained without oppression or de
lay. Within these legitimate bounda
ries, taxation ceases to be onorous, ant
herein also well constituted govern
ment exemplifies the soundness ant
wisdom of its financial policy.
Among the grave subjects to which
your attention will be earnestly direct
ed during the present session, non,
will be more important than thos,
measures demanding special appfopri
atoms of the public revenue. Will,
it is my conviction that the people 0
s6wa will freely meet taxation Oh ;
scale adequate to the maintenance o
the public credit, and the proper sup
port Of their State government, I an
nevertheless adm6flisned by Well de
veloped symptoms of nrUinentary de
rangement, consequent in part upor
hazardous experiments with the ha
ii nal currency, that eXtravagant o.
inc3nsiderate appropriations, in thu
midst of this uncertainty, may pro
duce unnecessary embarrassment.
FINANCIAL STATEMENT. .... .
The reports of the Auditor and Trea
snrer, herewith presented, will furnish
you with a detailed statement of thu
financial transactions of the State, un
der the various appropriations made
by the last General Assembly, and alst
with the estimated resources and ex
penditures for the present biennial pc
Rod. .E . tMa H-
At the close of the fiscal term ending
November .4th, 1865, there was resid
ne ofS47 1852 remaining i'm the Treas
ury, which entered into the resource:
of the period that has just expired. In
GLIDING this residue, there was receiv
ed into the State Treasury during The
last fiscal period from all sources, 81
Az, 305.19. and the total disbursement:
during that time amounted to 81 ,314
654. "A, leaving an uneXpended surplus
November 2d, 1867, Of S97, 740.45.
These statements show that, not
withstanding the unusually large dis
bursements required under the appro
priations of the last session, the in
crease of salaries, payments on the pub
lie debt, and the various exigencie!
which augmented the total of ordinary
expenditures, we have, out of the rev
enue thus received, carried the State
through the past two years without In
curing new liabilities, aud have left 9
larger balance in tie Treasury thar
has been found there at the close o.
any preceding fiscal period.
In order to understand this eXposi
ton more clearly, il may be well Il
state that nearly 100000 of these dis
bursements were required under the
extraordinary appropriations made tt
the Orphans Home, Agriculture! Col.
lege, Asylums for the Blind and fol
the Insane, and other purposes, inclu.
ding also Sll4.000 in liquidation OF the
bonded debt of 1853. Deducting these
items from the total expenditures, and
it will be observed that the ordinary
OUTLAWS of the State government dur.
ing this time We're materially curtailed
from the former term. <t.E.
The estimated expenditures for the
present fixed period is S94l ,659.3l, and
to this amount must be added of course,
such appropriations for special and ex.
traofulnafy purposes as the General
Assembly in its wisdom may consider
necessary for the public good. The re-
sources for the next two years are esti.
mated at S2,175, 754.2l, which may be
anticipated with reasonable certainty.
In this amount rs included $500, 900 due
us from the United States on claims
for military expenditures, which are
now in process of successful adjust.
ment, and will, as l am advised, be au-
dited and paid at an early day.
PUBLIC DEBT.
Since the adjournment of the last
session, we have, as before remarked,
discharged Sll4, 900 of the bonded debt
of 1858, leaving $50, 900 unpaid; but as
the bonds are overdue and the State
has taken the proper steps to liquidate
them, they cease to draw interest from
the first of the present month. Altho'
these bonds were not due, yet the en-