Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-11-20
Pretty Picture for Taxpayers.


The report of the State Comptroller,
lust presented 10 the Legislature, Is
not fisttering to holders Of Tennessee
securities, or more so To those OF us
who must pay for the fOllies and
crimes fphilanthropists who,t through
love for the negro, have beggared
both whites aud blacks. The Comp
uo,ler shows the receipts and
expeuditures df the State from
October i, 1867, to October ! 1869,
with such other statements as are re-
ouired from his Office, with remarks
ON the finances of the State deemed
10y him proper:
balance In Treasury oct I. lS6s.-.---s 5na,il5 "
Alnouu paid Into Ire etsury for Two
years eitdIns Sept. 10. la,'9, snd on - =.
jIfeg iotis is>te,s- -.-.-- p f''.'' =
49, 49, sISsi.s5v $
Paid out In same time osss'S2s 10 70 =,
Balance in Treasury ocL I, iNis ... -o'sis =
Wsrrnn.s outstanding not paid .:- 1'',slS a
STATE debt proper up % Oct lN,s
including interest not paid, JuA' 80 "a a.
Rsilroad debt TO the State, with in
terest to July I, S69, inclusive:
state bands loaned ......-....... Sd, ,4i2,0lD ~
bond endorsed ~ the St.sir..--..-- -,iso,OyV ~
FUNDED Interest ---......-..-- .,.-la'vta ,al
Interest 70 July J. lS,s.- .-..-..--- @-'"f.4 4
... .... ssll25.5s4 q
claim al United STATES against
Edrrheid and kentu"Es Kali
roa.i a--tlulrd. ....a--.-.-.--- l.nfo't =
tisIfa 81 Tinted SlsIes against
Memphis, Clarksyille ana Lon go.
lsFiiie kalrdad, Aaauinsd------ 'e'''H' =
Total ............................. sG.Gs,osi ~
Bonds issued since the war:
ro..sa "a railroad companies - sIl.2g7uo0 on
loaned Ia turnpike conIpAhles---- s1,'S" %
sl2s5,oo u
Thus We have The indebtedness as
f0iiow~:
bonded Ssats :ebI proPer--.-..-.7-. s'.i'sl95 a.
Warrants outstanding noi pald -.,. -.
A. R,ilg.sd ds1f. in,iutins Interest
Ia July !, lSs5 ......--.... -, t'-'s''f y
ss.HOBso D
We mnst add 10 the sum total Of
This indebtedness. that incurred on
account of the Bank Sf Tennessee, and
Of the stolen srho0l fund, which may
he estimated at about 81, ,0OO.oO0 more,
making total State liabilities $li,il0,-
tao ~. -...a q
Commenting on these facts the
Union ant AH,sy-ioaa says that the
Comptr0llrr's report shows that there
was at the close Of the last fiscal year,
September 80, 1869, balance of S:sS,-
649 g3 in the Treasury, while there
were warrants outstanding not paid
10 the amount Of S497,sl5 Il, being an
Excess Of the warrants 10 be paid over
fl.s cash on hand Of S3G9, to IS. The
State Treasurer says in his report TO .
ahe l.eg3siStgre:
90 he rails for payment Of claims are
many nd urgent, As..i the Treasurer i .
11ual,le - satisfy these claims, without .
tbere is mol.ey in the Treasury. Some .
provision shonid be made 10 place The
treasury in a paHing condition. Very
little money il being received, while war
rants are being constantly issued upon
The Treasury.
This is the condition 10 which the
treasury was turned over to those who
succeeded in the late election in Wrest-
ING the state from Radical rule. But
this il not ali. The July interest ON
the State has not been paid, and there
il not the renIOteSt possibility that the
January interest will he paid. THIS
= a picture for the taxpayers OF Ten
gpssae 10 contemplate. Their taxes
havF Leen about five-i0ld greater than
they were in lsUn, when the people
sstre in prosperous circumstances, and
A-rt the State is 0u the verge Of banL-
ruptcy. Why i il that with the
heavy taxes imposed upon the people
and callcriesl. the State is in the stE2it
ened condition We hRd il to-day? Let
rs see. The reports Gf Jhe Comptroller
show that the receipts from the treas
nry from the reorganization oi tie
state Government under Radical rule
To the seth of September, 1879,
amounted 10 -, 9,U24 Isl, Of which there
wa received from railroads for inter
ayt on the State bonds loaned 90 them
=, ,0sg. Ill, 80 that s6,2li,6I was
vyrung from the people Ia the shape OF
taxes Ia q period Of four ana = bali
years. This i more than was col
iected from the people in the ten
wears preceding the var. We find
0a 4 reference 10 the reports of
the Comptroller, that the total
amount Of reVeHue collected dur
ing tiie ten years beginning with lS32
and ending with 1854, auOunted TO
s., %, ,2U7. Prom this sum should lie
deducted the profits of the Bank Bf
Ta,. .nessee and bonus from other banks
doing business in the state, amount
inc to If,,1re than S2,O00tU1, leaying
about s5.O1J, ,0tO collected from the
people in sthd shape OF taxes. But .
ibis latter amount iae!udes the inter
est paid by railroads sad other inter
nal Improvement cOmpSilt-S, which
re,iuces the amount of taxes saipally
collected from the people in the len
years preceding the war TO about 81
COS aij less than was collected by the
Radicals ia fJHr and half years.
Tie reader is No doubt curious 10
learn how 50 much mObHy could bheA-
pended isy our Radical rdi0f= ia 50
Short a time. Here are few items
f.-yi-i7tt,e .....s I 62l ~
TuhIic Pruning ...- ...-..-.. ......----- l.-,Ap
aa# Ha.H.H d..