Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-03-16
MISSISSIPPI.
Her Financial cOnditiOn---Figures and Facts
from the Auditors Report.

NNh thS NA1itSi haNFbiG
Radical Paradse---A State without a
DehtIl!--HOw Long will It
Continue sO2
Hon. II. Musgrove, Auditor of the
State of Mississippi, on the 6th inst,
reported to the Mississippi Legislature
"the transactions of this Department
from January 9Th TO March 1st, 1870,
and in order that you may obtain a
correct and Ineligible view and form
a proper estimate OF the transactions
OF this department, l also report
the receipts at the Treasury
and disbursements made by my pre-
decessor, Hon. Thomas T. Swami, as
shown by the books of this Office, from
the 10th day of October, 1865, to the
4th day of January, 1870, inclusive"
RECEIPTS AND DISBURSEMENTS sINGE THE
CLOSE OF THE WAR.
Document A shows the receipts at the
Treasury from October 10th,
1865, TO 1st of May, 1856, to
be-. 01B, 5l91Z
/ Document b shows the dis
bursements by warrants
from October 18th, 1865, 10
May Ist, 1866, to be.......,'..... 300, ,2s5.s2
Document G shows tine receipts
at the Treasury from 1st of
! May, 1866, to lst of May, 1867,
TO De...-.... Slb, lzZoV
| Document d shows the dis
bursements by warrants
from lst of May, 1866, to lst
of May, 1867, to be............... 555, ,S27.SS
| Document + shows the re-
ceiDts at the Treasury from
| the lst of May, 1867, to lst of
Nav, 1868, to be................... 429, j5l. .l9
| Document shows the dis
! bursements by warrants
from the lst of May, 1867, to
ist OF May, 1865, to be,,.,..,... SO, ,934.72
| Document & shows the re-
ceipts at the Treasury from
the Ist of May, 1858, to the
lst of May, 1859, to be......... sol, T2S.ll
Document l shows the receipts
at the Treasury from lst of
May, 1889, to lst March, 1870,
TO be.....'. .,.......,....,... 424772Is
Document J shows the dis
bursements by warrants
from lst May, 1859, to lst of
March, 1870, 70 be...,..... -. ss7, ,3GIs2
Document K shows a recapitu-
lstiOn of the receipts at the
Treasury from 10th of OctO-
ber, 1865, 10 lst March, 1870,
z sEOn all accounts, TO be........... 35l, ,74l.43
OF this amount the following
amounts were received in uncurrent
funds, tO-wit:
Confederate Treasury notes.....s $50, ,277.24
State Military notes. 13,649l6
Mississippi Change Notes.. l,4lT.0S
Mississippi Cotton Notes.. Az, 1918
,267, 4sS 90
Document l. shows recapitu-
latiOn of the disbursements
by warrant on all accounts
from October 10th, 1865, to
March ist, 1870, to ,ale, $3.50
The Treasurer's report to this
Office shows the amount OF
outstanding warrants to the
lst March, 1870, to be............ 240, ,7l2.l2
And the outstanding warrants
on account of the Constitu-
tional COnventiOnt to be......... AZ, ,2Sl.S2 |
PROBABLE RECEIPTS, 1870.
The receipts at the Treasury will
probably amount to S5j0,000. This is
simply an approximation founded !
upon the receipts at the Treasury, for
the fiscal year 1868.
THE SCHOOL FUND.
Document NJ shows the amount due |
the several ChickasaW counties ON ac-
count of interest on the Chickasaw |
school fund, to 1st of November, 1869, |
under act OF March Z, 1856, to be $751; |
9l6 81.
The amount due by the Slate on ac-
count of the ChickasaW school fund |
arising from the sale of Chickasaw |
school lands is SSl3,6o7 81.
Upon which amount the semi-an- |
nual interest due said counties is COM |
puted.
DEPRECATED wARRANTs-A REM
EDY.
I would respectfully offer the follow
ing suggestions to your honorable
body: Our State, at this time, pre-
sents the anomalous condition of hav-
ing no public debt, and yet her war
rants are at a heavy discount, there |
being no funds in the treasury to pay
them. This condition of affairs should
not exist. The resources of the State
are ample, and her citizens should not
be subjected to loss on account of any
depreciation of her paper. AS to the
remedy for this evil, there may be
great diversity of opinion. After
much thought and consideration, |
have come to the conclusion that I'M
uCI lilC EAASllAA 5LdlC Vi dA4a4los lliC /
best course TO be pursued would be to
fund all outstanding warrants, at fair
rate of interest, thus securing a loan
from our own people; then require
the taxes of the State TO be paid in
currency and the tax collectors to re-
port to the Auditor, and pay into the
treasury quarterly all taxes collected
by them.
a FINANCIAL AGENT WANTED.
l would further suggest that the
Auditor be authorized to employ
financial agent whose duty it shall be
to look after the State revenue, to ex-
anime the assessment rolls of the sew
eral counties aud see that they are
properly made. Also, when neces-
sary, to examine the books OF the tax
collectors in order TO ascertain that
their reports are correct and promptly
to the Auditor; to see
that proper bonds are given, so far as
all State agents are concerned, ard to
such other duties as may be
required of him under the instruction
of the Auditor,
A WASHINGTON telegram saws that