The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1870-10-11
Manfbrsifr Journal.
TUEDAY oT0HfH Ii-lsT1
-. u. ~ -
- - -

pr ftfHtH itHfA ils iA
Tte Iouse was called 30 arler by
Ilaa. Gesrea Nrbols. SECRETARY 81
state Tive bandrod and twelve mem.
hers eoe present After the members
vsre gaaliae5 iley proceeded 6 he
cecllsa u Speaker, which resulted "a
ibe ca@ee e Cal Charles II Joyce
Tic A8enoan wss spent N t1isplpl.
X tbe organization BY thc a1apt3ou Of
Relics aHl appointing lhe requisite
Caauitsse
oa Ihansday morning lie Excelien.
81 tbs Goferar aett ia the following
MESSAGE.
GngtssEs az fHe SfAArF AAb lIorsKuf
krrsgsEAy1wFEs
Oar rerereut thanks are doe d AT.
mighty God for the blessings Of health
and prosperity, with which BE- has
crowned the year that has elapsed since
youf last Auuaa Session
Il seems btting, that Ia the name Of
the e0ple, whom be 20 ably and faith.
tally served ] should advert to The
great public loss our State has sustain
81 Ia the death u the late Gov Wash.
burn Thy wide spread grief III 0ocas
stoned j. spll fresh The loss 81 pub
iir servant, 80 upright, faithful and ca
pable. 10 earnestly devoted 10 the best
interests Of The State, is indet irrepa.
rable We may hud some solace. il
the thought, that he lived 10 met the
approval which his eminent services
morited, aud that his public aud official
lite honceforth part 81 ur..history, is
worthy ever to be held in grateful re-
membrance
Here follows financial statement
Show Ing
The amount ofrcoeipts from
all sources, $3.50, 39I 80
Amount of disbursements, ISL ,05s 90
Balance in the Treasury, $40, 1888. IS
Amount VI current liabilities, 40, 764. i5
resources, "a 6s5 IL
hActss 81 resources, &l@, iGU u
Amount Of Funded debt out.
standing, ST ,OO2 500
The whole amount Of bonds outstand-
ing, redeemable in 1871, is $500, 500 /;
Of which 1918 800 were issued prior TO
the passage by Congress Of the legal
tender act.
1t is held by recent decision Of the
Supreme Court of the United States,
that the provisions Of the legal tender
act are not retroactive, and that debts
contracted prior to its passage are pay
able IN coin
The coupons on these bonds due last
June and yet unpaid, amount 10 81
$50 Ct which s. 900 have been pre-
sented and demanded in coin--pay-
ment ia which was declined and the
same are now held by the parties,
awaiting the action Of the Legislature.
! respectfully recommend prompt
recognition Of the authority Of the Su-
prcme Judicial Tribunal Of our country.
by an enactment authorizing the Trea-
surer 70 pay, in coin, that portion Of
our debt falling within the scope Of the
decision referred 10
I he Trcasnrer's estimate Of expenses
for the year 1871, amounting to $685.
ib6, Is made upon a currency basis so
that il the provision be made for pay
ment IN coin Of the bonds alluded to
il will be necessary 10 add to the esti-
mate an amount sufficient 10 cover the
probable premium on gold, when need
81 This Is estimated at abont $780,
600, assuming the value Of gold to re
main nearly as al present.
The estimate for the year ISL.
should. therefore, be $3.50 400. has
much as we lave reason to expect that
The grand list Of the State viii be in.
creased it is hoped that the tax re.
quirod to meet this estimate will not
greatly exc cd the tax Of last year
ceNsrrtroSAL AMENDMENTS.
Since your last Am nal Session. A.
tcratiohs in the Constitution Of the
state have becn made, which will re-
quiro corresponding notifications Of
euE statutes Ii Is not nccesi AIRY that
should call your attention % an the
details q the required les isla;ion, and
! therefore specially office only those
which scein most important
by the change from Annual TO Bien.
nial Sessions Of the Legislature the
tenure of Office Of all State aud Legisla-
tive officials ia necessarily extended to
corresponding period The support
q the government must be provided
iorduring the interval betwOei the ses.
eiOus
As appears fiom his report, the Urea
surers estimate Of expenses for the
year 1872 Is Sis. 200. aud il i incum.
bent upon you to lay tax upon the
list ~ that year sufficient to cover the
estimate
II would alst seem that some pro-
vision should BE- made, 81 the revision
aud correction Of lists If each alter.
nate year. when he Legislature Is not
convened, by ile creation 81 board
competent ior that important duty
Under the xisiiug Law the valuation
q real estate rccuIs every dfth year
u i CD iousiy necessary that the inter.
val between Valuations should consist
n AZ even numbef of years, otherwise
sueh valuations viii alternately occur
~ he year ~ legislative suspension.
EurGATtnN.
Congratulate you upon the manifest
advancement If the causc 81 Popular
Education j. making 10 oar State. There
Isl a growing terest in our Public
Schools. and The truth j. generally sc.
sanv loiged tha, the education Of the
people Is An indispensable safeguard 70
$40 s5r..a ..5#ssrfss gr45 ssst..s4~, e., as