, 1870-12-17

100000

/ tors accou9ts, On Asseae-
meut 1852, probable to
be paid Interstate Trcae- ....
, uIy during Ialf month. lex, ,p6e.o9
--- 100000
Total an1ouns OF funds IN the State
. Tre1zn1J. and es1mlted ro.be u the
st2te 1reasRfJr January !. 1s7l, sp-
plicable to sre payment o1 State
atU....-.-..,. ~. .lpA Z
/ Tue payment OF the t.on1s uoE dpe, and to IA
one atles .he elose Il tte present Jsar. Vii iea1
isiGg dus until iss ISL, nd in. sls;x *sa y
/ TO meet ih!A amouot 1esilmass that The t1o-rnil
lrvJ Tor patmsnt Of principal Of etste debt % u
as provided ia lie pfeienf coassttatRop. vii pTo
ducc the Eum Of 1919 GO. further esum4to sna
r. ssa = sf as cent
eHunenctnK WITH the instslfmenk doc Anil 30
1sn: aEt ending With the lntta1Imens dae Apst
81 1s ae a. ,a ths II aats Fl Psr
two-ntl1 taI befWe eaf,nated, Viii naxs ia,ess s.
ooe, being surplus Of oFes F1sa, CO.
1a:t n The ueasutT an ample amount :ppeJ tht
ennfe onfstandin& bonded debt To taose
s.s;s Tso ean Ee3nsnbe' nsa tbs condtlon Of tht
empty: her Governor borrowing money, on hi
own credit to par the Postage on the iettet8 Wit
ten On he h. nnstness Of ths State: het baakrupte,
her hoIesty Of purpose doubted, and some Of her
own scns Lying % bring her to tho tnfamy Of 70.
I'D sa1,es ams m sxme9s o. 9t tnsss fses
impressive Who cannot SET hat. at ifast IN n
case @ Q! States and nations, Honesty ls the bcs,
hare made no estimate for premium on co,p,
osinR satisfied that the payment on the n.tnclp ii
sae onnG @,1 s ins prsssnt we
DEBT 40! due 10 sueh an amount, a., with fuuds sp-
rcable TO ne pa5 ment OF the State debt. certain
can be reached, Win leave he Treasury Ttsa at'
ample amount Of State debt fund 10 purchase
s111 ioF r1s payment Of ths es the
| STATE BANKS.
! 4nrinR me past ntea! year, the time liked for
@eMpGon; " the Auditor. Of noses Of banks a
banks, w BANK Of kewa1ce aud PfodQcers'
hahk- For further Information concerning State
banks, reference Is made to abatement No. H.
ACT OF ArRIL 16, 1860. FRovtEiS6 FOR THk ray.
xxST or 1nK RAILROAD DIETS or CuCSrtx..
TowSsutPs, c!I1Es. AND 1owks.
LAT Gsna1s tae ansnse OF ias law passed By the
@ and provide tor paying the Railroad Deots of
Counties ToNnahsps, Cues, and TOWNS two
state since the adjournment OF the last Generai
Asst mo1Jt and ate now IN actual operation, In
another place WIN he fou ii table showing the
| ia no doubt that the effect Of the Ian hss hSrn
i: s. saseu1sses = ;ae people to vote liberia,
roads under The tmpxeahon thai under The nFss
SECTION Of tho law each municipality creating :
a DanaS s".d sss
the 1oAl Itself. and the t1x On any incTcsee vim
q q ssq sn
:, = u coEae4nehce Of The provisions In the said
Nv l1r feRs*!eiinR the honda aud collecting the
to ray The p1incipal Of bonds Wsi1ed sccordinr 4,
the provisions OF The law. the bonds, wnen fexte-
te!eu. hsse beeh readily sold at good rttces thus
enecttn2 the object for which the act was
With regard to thts second effect Of tho law,
the dlacnlues and cm6atassments groWtae out
ot tals return 70 the counu>s, townships, cities
aud towns, q the tax on the increase Of assesa-
1nent over that OF 1855. are many and great, aod
It seema 70 b my dutJ to ailude TO rome OF them
4 practical dltt1culty, certain TO occur whenever
sseosans s. saed tSas fs9ass as
has BEEN built TunLEug through county. and
city and township-all IN the name county-.ud
Sord: sst ans ne Ga,
hare been registered. II turns out that thc cir
9ruws u population and wealtn. 30 that the TX
ansLunt to xte,o01- The township (Which mar,
aud often do<s, include the clt5), wouId In Tie
aad aqo 70 1 e s ne o. wsa
Of s!.coo. ID ans case = thefe possihilisJ q
The General AS. nbly caanos Rave M M intended tn
give away The same money twice. And. il the
city should get whas the law sccms to give IT,
snip or county. On tho other h1no, If me county
aha toHnahip arg paid what the Law seems to gtye
sps5e ,ss Mepd ss etaE 1flt for ne s,
emitted to Just what the Law gives It. il csnnor
have been tae intention Of shs General Assembiy
make composition with t.a creditors by psFtn0 10
much on the dollar Of wbat 1t promised. Nor
~on:a it T. seem = Tsfy dsgutned proceetttnR for
pe Of arat CONC, 1rat serse," with the niunlci-
pal claimants, AID, paytng demands until the
monsJ Is e4oauated, lat hosa who come last get
This y oni! glance at one Of the practical
dmcnlties, Of which there are several, which meet
he Audtt y n attempting TO discharge his duties
Besldes, would submit that the constitution
with the provision In regard to paj ing back to the
counties, cities Hnsaips. and soxns tais TAX On
,ncna.ed yaua'!ons Of PROPERTY. Without gong
1t ction II. which provides. .th1t No 1uone5 soa
1t drawn from the Treasury except .n pursuance
sIe ae y Ina m
appzoprafot genera or speeisl, requiring money
% oe paid cut Of the State Treasury from funds
cal quarter after tie adjournment OF the next
1eEolN session Of the General Assembly" These
clAusss, md taeir context. would seem. on their
even II Section of Article II. snouid no be % coasia.
cred 70 hare no reference to any law e1acted be-
fore the present coptututiop.
Under these ctFcums stances, It is proper to FaT
that unless there shall BE- some action Of me Gea-
es.l s.l Az ~ mo,J, Or rome deelsion Of The courts,
taan Il now t. iha lea. mo- no ps;t IL rs10E1nK 70
any m1neloalsJ anJ PaI1 Of The tax collected from
III. " s.s .s19 tn1t o. as
but to Prevent nisconslucton will saJ, that t
have come TO this determination nom no
Of - 81 g - 20 assi
ali The difficulties and uncertainties Of the case,
md .he danger her an9nes.ionaoy = Of doing
70 be ny duiy To Ill the people to d, notnlng put1i
come competent authority shall decide The citl-
se v.a I'd tas
the law awarding similar tax to the American
Bostnm Improvement Company, mainly % The
nne. f1he taxes, wh,ca ID tn1a " Railroad Debt
laH are p!opessd q be given 70 tue different
cou'd II be Justified IN my ether grouad th4n tnss
they werc appropriated u such use bJ tic Les1l-
iatu.et And, Il g, does not ta1t .pp1ulH.
after the adjournment OF the uext General IL
senh!Ts Bet It u no pa tot my intention 10 az
ipR partially stated 1he dims sui.y, snd The descs-
IutnAson to whch wish 10 discharge myoutr
has brought me-
tevtes and cotct u xef, &nu paYs the intrrea1 On
The bonds tstued IN It'd Of railroads, will outy
ssx that. 70 consequence Of lts existence, regis
nable than they othef~tse would he, end TO d!1-
rurn II IN any manner would, tn ny esttmauoa, Be-
4 se1iou1 ttaasser. CHAalRs Z L1FF1xcor1,
Auditor Pubic AceouniA
Statement Of receipts and disbursements Of The
General Revenue Fund during the tscsi yezr
conmerc1og December !, 1859 and endiag No
Rxestptk Auonnl
FTum taxes Of 1ss7. ss7....-.......~......S 2,ls10
R'sm ana q isss:.:.:::::.:.::.:. isss::.:: .sssi
t&te purchased On execution. ...-,.. 3s&7n
F1cm }ut9Nkns dehsoEs. s...~......-. liza 50
From sAlc ot real estaie m Jsckson-
F:o@ s:is 81 properly s;au,ied iron '''
From Bat1nE s:os., London, msiand. ~