Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1869-10-26
THE GOVERNORS MESSAGE.

THE GOVERNORS MESSAGE.
Gentlemen of the Senate and House Of
Representatives.:
Having been elected to the office of
Chief Magistrate Of this State, with
most earnest appreciation of the great re-
sponsibility which the action of the people
has imposed upon me, have met with
you, as required by the Constitution, to
give to you such information and assistance
as may be in my power, and be required
by you to enable you faithfully to guard
the interests of the Commonwealth, pro-
vide for the support of its government,
and consider and decide upon such altcra-
tions and improvements, as you may deem
necessary, Of its laws and its policy, trust
ing that in the performance Of my duties
may enjoy your confidence, and, If need
be, have the benefit of your kind forbear-
ance; but above all, that we may each
be gifted with that wisdom which cometh
only from God, without whose approval
and assistance States, as well as indiyidu-
ais, arc powerless for good, and whose ac-
acknowledgement and worship have been made
by our fathers the corner stcne Of our
Republic.
During the past year peace has pre-
vailed throughout the land, contrasting
most beautifully and significantly with
the stormy excitement Of the years oil
warfare for our National existence, thro
"Li.n we have so recently passed.
The earth has yielded bountiful crops
to its cutivators. No general epidemic,
or disease, has prevailed within our Dor.
dcrs. And business of all kinds has pro.
crossed without serious reverse, financia
disaster.
For all which grateful thanks are due
j and should be reyerenty returned to the
Divine Providence, from whence all blcs
sings flow.
FINANCES
The detail of the present financial con
dition Of the State, and of the receipts
and disbursements for the year, are shown
: by the reports of the Treasurer and of tn,
Auditor of Accounts, which will be laiC
before you. The result may be brief,
stated.
:. The total funded debt of the State a.
the present time, is one million seventy
five thousand dollars, Isl ,075, 00000) y
which sum, however, includes twenty sev
en- thousand five hundred dollars, 1927,
500.00,) of bonds due in 1875 and 1878
which have been purchased by the Treas
urer and have not been cancelled, but ar
held by him with view of exchangin
them if found expedicnt, for bonds due i
1871. The excess Of current liabilitie
over current resources, is twenty-one thous
and one hundred and eight dollars an
forty-eight cents, 1871, l0S.4S) TIL
present apparent total liability of til
State is therefore one million ninety-si
thousand one hundred and eight dollar
: and forty-eight cents, Isl, O96, l0S.4S
r Bnt--against this is TO be offset the pres
ent amount Of the sinking fund, which
seventy-fve thousand six hundred an
ninety-four dollars and two cents, ($75
60402,) and twcnty-seven thousand fv
hundred dollars, (s27,500.0O) of bond
held by the Treasurer as before stated, =
making the net liability not provided fol
! nine hundred and ninety-two thousan
, nine hundred and fourteen dollars an
, fory-six cents, (s992,9l4.46) For a
purposes, except that of exchange, thes
bonds held by the Treasurer may be treat
cd MS paid, in determining the present fl
ancial condition of the State.
At the commencement Of the year tn
, funded debt was one million two hundre
and twepty-seven thousand dollars, Isl
227, 000.00.) The excess Of current re
sources over current liabilities was sever
teen thousand four hundred and five do
lars and forty-uine cepts,(S17, 405 .A9.)-
!, Leaving the net liabilities at that tim
one million two hundred and nine thoui
and five hundred and ninetyfour dollar
/. and fifty-one cents, (s1, 2O9,5 94.51.)-
But the amount of the sinking fund the