, 1869-04-15

the RELIEF Of commerce, to ttmlt the net plonts to
d That the state shal! be = entitled to receive
seven per cent OF the goss receipts nom the prop
eit1 granted, ana from NIL improvements thereon.
That the property shall be In oil respecta sub
For want Of these essential provtsona, and such
detalla a. would give them effect return this bll
70 tne Aouse or Representatives without my ap-
psovaL JoHD n. PALAxA.
Tho Rnilrond Tax Bill.
Spccial Despatch to The Chicago Tribune,
SFRiSaH1ELp, H., April II
The following l. Governor Primers message
sent to the Senate this morning. yetoinx the Hail
road Tax.stea'ing bill:
EXECUTIVE DEPARTMENT.
eFRlNdY1Etp, Ill, April II, lst9}
To ths Speaker gf the Senate; -
A hil for an act TO fund and provide for paying
the rxifroad debts o1 counties, townships, clttes
and townA which originated in the Senate, has rc-
and regret to dnd myself unable to CONCUR viii
the General Assembly IN the opln.on tha. It should
become Av. Il win be discovered, on careful
town has heretofore, In vote Of the legal voters
e1 ssSa county, soMnsh'n city Or town as cob
t,naesed tn nv bonded debt ii III Of
the construction Of any one at more
rsirosds, which Is OF are alread. completed neaS
70, into, or through such county, township, city
Or town. It ahall be lawful for tic holders 81 al!
bonds OF any such county, township, city or town
cause the same 70 Be registered In The oIce Of he
Auditor Of Public AccountA and after such Re a1s-
J l. y made the duty Of the State to sci apart in
township city or to~n, urst ali Tie proceeds of Ill
the taxes assessed upon the said railroad or rai-
ana ~ tne IN such sSua
s,ase a levied for be use oi schools: second al
r s sa'' ou asss e. nefta,ea R'' v.aon sas STAT =
city Or town, oser and sbo1s the taxable properly
The year 1sas wihou. otieins The % de.ss er th tS
bill Intended 70 provide the ueans for ascestaln.
Ing The mounts q monsy as.ng from ne btorc
snall oe 10 registered the Auditor ahsla annually
registered bonds and sha,. fr,tn the amount 30
ascertslned TO be due, deduct the amount In the
STATE Treasury 10 the cEstlt Of the county, town.
snip city or town liable on such bonds arising
from the c1cess Of valaatlon OF tts taxah1e prop
ertJ over the valuation Of 1Ssa And from
.ne sSe 'A1ss lsroaa ans eopsu, ag tho s 9;
which sald honds were given, sttuated In tho
county. to"nshp. city pf town and shall then pro-
the property In such cGunty, township cttT or
Town 70 compute he ra.e per centusn thai viii be
reserved to pay the interest due on Baii bouds to
certify the rate required to the proper otnces of
the souniJ, township city or town.wh Is required
be collected for State purposes; md Wien col. j.
Trsasa And Is s.o pTo,ises IN tSe III oil that shas
years from md after tha paasaRe Of The act
whcrrn It ahaIi run ncar 10, Into or through an1
sy ,ae Or ,aat
dons mentioned IN the seventh section Of tie ast
and,sor md .iter sca ss tse sals Tfeasu Tisa aus
e anAu proceed 70 paas 70 the credit Of the coan-
s u Sso e. sesa a.Es ND pss % D;a
stson " q sae :s1s5Ie r.orea, ta q ssti eoan- s-
Ss the .nnaai s.sesens ro ovc9 The saf snSaa 1sss
e1eenting, ~ before stated, the two-tni tag and
.ne s,sts ~ ;s2 sn f'F
property Of the said railroad company In Ald Of
which hald t,oRds we're lssued, situated in said
sssie, county ana Local, except taE t.. IN 's1eosmal eal
tax and school tax. And the An,isor Is required,
- before, sftef dedoctnR the proceeds Of tue
such excess Of valuation over that Of 1865, anil
upon this property Of the rall1nal COMPANY In nil
to1n<hip. city or town Of the adutttnual sum re-
quired 70 pay the interest on said oondA Ii seems
IL e tie sA1 o sssn
siose The 1siuson Of rs sni % tns proeer1s ses % of
n ne "a xnsh tss satb Of bau sSs rs
iasued, shat rrVsn The tine. such
appropriated for tue paymens q The principal ani
interest Of the reEtsezeA beuda herein pir1ide!
for until fully eastsde1l Bnt that for the term Of
the &s1es before provided for shall Dc anriied i,
the payment Of the Interest On such bentA alone.
oat that for And during the rennatninR .eas thas
cmranlss shall ne arpled e ihe pay@ent r 9, H.
gsineapals s or tse passaase q such beads IN open
q REQUIRED q b eotected s. sh .es, sta Is COZ
s. ssss sas IL aBBRes B T. :. ~ e ssn e e
PRINCIPAL and interest OF the regibt.red bonds is-
aid ot the construction OF ztruada nom three dis
tnct and independent sources: F4rst from tho
amount o1 taxta realized upon the excess Of the
clsy OF town for ten year, ths ta1 Is reaui.1si 70
ec oFer the valuation Of the property Of The sane
eogn15 .e.nss,c e{ or town fof tue year lses.
wa!eb that imposed upon the properly Of the
ssste for ~ State paFposea- Second, rum The
.moans ;ars, Of aas1zes II ~ general u!
corporation aided By the tesuance Of the houdk
Third, lspn1 An additional special per centum levc3
torns By the Auditor, acting under the 1sh section
Of The bill The State is made the cus:odssa Of
The lax and funds 70 collected shan be deemed
;asdsed aad Appropriated to the payment 0. the
interest and principal u The Registered bonds
nefrln provided for unth fully sslsned h u rtsd-
" confessed that ffon The manner 10 which
Is un Is t1awn, IT may ufSed
win some show Of reason that the
1 asessnsaL eoEsSuon ana aPprngstaiktn Of the
mnneJe derived from ~ or some Of these sources
q fss ei.e ~ intsd 70 ts9 !eets on snd after
@ ng teRl4aJ ol 1ne pond2 The tN sectiou Of the
oal requires The state Treasurer. fur the term OF
ten yeatA 70 pAce ne p1ccseas af the e1ce4s OF
FAaAunn 81 property IN counties, townships t;tses
F townst tor esch year, over tic ral1auoa Of 1sa
70 me credit Of the proper counties townships,
c!ne3 or toWnA But while ali tho pro-
sssons , q the hM limiting tAs eoi-
!eeuon and Appropriation Of Ih.a exeesa
TO Ten years arc raeue Nd uncertain. tho absolute
pledge and Appropriation Of Ill funds authorized
70 be realized tJ the Ae4 until the PRINCIPAL and n-
tsTsss OF the bonds aze fully pad IS char and ps-
This hEr then, conteup4ates In IL dire, pro-
syts,ons however calstpl! Ct aIraiy expressed,
nrE 70 pay the interest," and 1s,7.. the ptocl-
ri Of Ill tho railroad debts of COUNTIES, Iown-
shlps, eauea Of town8 nat 2.e now contracted In
"a u ..t.seea,s .irr.dy eoEapsssed md $50 70
nTst pay ne principal and then the tstereN UPON