The Republican journal. [volume] (Belfast, Me.) 1829-current, 1870-01-13
GOVERNORS MESSAGE.

up whole page with the document III detail
After abiding 10 the beginning of another year,
to the changed conditions produced nv the late
w , .ix = ..;,, .,. - 49,, ,,
"'' 'i'' pay ms "0''"''l"i 'iiou'e " '''' NY"
DRY OF the late Senator feSsenden. the Gov
ernor proceeds to speak Of the financial affairs of
tha ctnto H. a
wa. '''' iio says
me report OF the Treasurer Will present most
Interesting statement ana history OF our hnances.
Our receipts during the past year have been $685.
$500 and our expenditures S9l9609,S0. On the
old civil debt we have paid the annual installment
of $4,000, leaving IA balance of 1884, 900. Our war
debt December 81, 1862 was 81 ,632 500. This is
amply provided for by the sinking fund arising
from the tax OF threcfourthS of mill the dollar
falls due in 1871. The sinking fund, with the col
lections from the general government applied to
eXhngush this debt, already amounts to 1872, $50,
50 that we are already Sl12 $50 in advance OF our
liabilities in 1871, and at the present rate OF III
crease We shall be $500 800 ahead.
Our whole public debt january |, 1870, including
the civil and the war debt. and the municipal re-
endorsement loan is sS,loo,9o0. Notwithstanding
the heavy drain on the Treasury last year, eXpen-
titlreS have been so economical and cut short that
The loan authorized to meet current expenses has
not been reSorted to, nor have even the appropri-
ilions been exhausted; 1t Is estimated that with
az that may reasonably be contemplated the rate
OF tlNalloh tniS year WIN lall somewhat short OF
The last. sui we should make all reasonable APP
preparations. II would be poor economy to refuse
loGNpeha any money UT our debts are PAID
The remarkable features of our finances this
year IS the assumption by the State of portion of
The war expenses Of towns. This is made at the
rate OF clo0 Tor every three years man actually
furnished for the war. After a long and thorough
'attr IN -, .I oat iite 'iu Pc ny
rn,ohurc,,ont be- now ND, tha r,oot ;n
viii ha f,nnd 10 cnn+i r;, nv,
IN roeerJ ~ ia ,ttli ~ t,rnin1u ~, e,n'o ny
,To+ fri,ot, j,,, ~ et,,, f 90 ,n2 20 90 "
fratio,,ai 1ortl ~ s1oo ronn;rad 70 ho noJ in nr
i,a,rl, IN thi ljtr;irtinni an,ont ~ 500 80 %
For The rest. W. 100. Bonds of the State are
now readv far issnc hearino intara:t from Octoho
annually To provide for tbis interest and the
rateahe norton Of tbe SINKING fnnd rrnured 70 ev
tineuish th, debt X0u win need TO sess the sum
ar 1hout $50 O0O
If worId serve As q nro+ection AGAINST lass or
robbery if Won were to provide for the registration
of thes, bonds as The holders mioht desire IF q
nortion of This loan find its v,av 70 rho norlot
thcre i no reason ia annrnhand y saronH danran;a
lion Under the ,tringencv which 50 scrious1v test
ed all bonded securities ours fal off mot moro
than > or 2 per cent from mar when we consider
also the milch hiohcr rates of interest oaerad hI.
other securities Which flood the market we cannot
hut cougratulate ourselves upon the public cont
,Ianre i'm our tiuonci, n so1,pdneSS
The liohilitirr when ono way or anotha,
grew ont of the war have lad \ heavy burden ~,
A. We're il not for this il win he nerceiveJ orr,
ii1bilites would he trHino Rut II ,,ust hn horne
in mind that this DON, dnoS NOT ranrasent ,vbot i;
wasted and LOST II is = Lrritanp IF honor and =
parnt of nobility. and if hat seems ton unsuhstan
}ial = constellation r. hos Who d,yau ~, the ,mnro
striking c,ct that orr faves continne hon tbav
may be reminded that more than half This debt i
for money that has been scattered hroaSnast amono
our own cifizrus '7
RANKING 80
Tho ro,,ort Of t, 1o,,;, ~ p,-,1 r,,,
~ tcpol' " ,iie r. i1Aiilci VI niihs aa lusui
mnortamnd ~ XII 10 suS3esi ,i,,e[s OF us.
~ ~, ~ Tiii " Hcen tiiit 1ai oii p'.hs IN
oi;U oc "a, az I I.H cAll'C.' ne nc
"nhr t t Ion H. '"" we S'i''i
rhn r:annn,,,,n i'tia, af s''o ~ ~ ,;, ~
f,,a;, IT, ] ' w.. ~ =" - ~ ~ i'i'' uP, ~
Statn a,' II ''o.s nual.V99 III wv
Mas ,,,ho ava i1rit tou ;s a. H.. 20 ~
ncom viii nnt m ontnt ~ ~ ,' otiat H. y, oe.i
t,ar;tv Of ~ S,,,o f,,,i, a. ,ti - ~! r.
ts md thn i nF INK aiio tTh vi 4, ., %
,,non tI nro"t n' d zoo - i H., " ~, ~ H.; o"
on thr aiIv aho , ht .i'ty rah n.y. th up
.rn;,,f, ,, , W "i'e vs. wy i ui 'iioii
INV ~ viii iuN aiitase tilelI slia sN
rio ivf h1m t th Desi asc"ser Mneaher you
@ H s, W. III aH' vi Po'''ga i como
,';,', ,,; % 1H - ~ ~ ICY i"slt az
, w." =" Sa,lisH paiihS ~ haile' oetcIia having
,,,, u't,,,l ''t, l1u ~ Viii we lShl eau our
-, VITA, 'iM H. l,h rl'iei apprehension III regard
tin II -, -. 'ii' nay Hot DC any " diloiu
rulti'ie security against robbery Inc deposits
,"r liie lasi year amount TO Slos"'939 by about
4""' n'l"Slto = 'h,'kiiS an average OF something
N't ~ ~ u ~ Interesting coilpafisoH is
HOWL -! .llf E,'l 'hi'l me amount mus lild IN
@ h, n"n,>i ai, i' "-ealleu S;.lls - ''ie'.y
+ a i ia,'oIi i u;lirr iStr man me
NJ Wy '''P"'i "i an our p'''lhs OF ISSUE ole
,,i'i i''I'',p a WITH Ivy" u 'letlur., ~
iii i ''' 1'i '"' the "lioe o' our ooh'ed pup
~ w. ,
II Is urged 10y some mat drect TAX shouti De
.',' va SAVING nit"N>' IL u S"un" lrllcip,c tlio
PituII*i'N niouu SI'lt as c1uiiiv az possDie ,he
ru'lic nurueh' ahG II seems, at hfSt si9ht, mat
-aVll$N banks should no more De exceptions 10 the
RUE ti.' 'ils o,ier nulhs: but II VIII pc seen up
on r'neet'oh thai me spirit ana intent OF deposits
III savings n;ulkN Urf entlrely from tnc olect ana
operation OF d'poSllS IN othef banks ana IL IS q
grave 4'e>uoh whether TINS 'iference Is not OF
sit'h nature anu result as 70 make the savings
banks positive benefit TO the State, which might
even en'ltt mem 10 special grace, practically
amounting 10 bounty, or premium, II you please
these pahhS are me special repositories OF the
poor; treasures oi plttanceS winch could IN no
olhtr way DE so wen guarded anu maze prOitable.
IL nor Kept mere many OF them would not be kept
~ an RESIDES NE actual saving OF earnings and
ihe l'"shNe alditlon 10 wealth thence accrlllng,-
ltSch an olect worthy OF your thoughtful care
mere are incidental anu even more valuable advan-
tiSeS. nv ino'Ieh' ne nus money Ill we paik,
'he humnieSt erl. bf'Gihg up OF his sell respect
ana Whole moral force FROM that moment springs
AN incentive 10 industry, ifilgailty, temperance.
enterprise; to all IN fact, winch constitute good
tltlz'nshlp, ana advances the character and con
eatGh 81 men. Anything, therefore, Which tends
10 discourage deposits IN say ing banks should be
SrfupuiouSly avoided: ii there We're any way to
ftarh me large deposltorS by requiring the officers
OF banks to make returns to the assessors of towns
for purpose OF taxation. 1t would certainly be Well
But ilr>t promising that large sums are less likely
Than small ones to escape taxation IN the ordinary
way IL : TO D. Sait That slich deposltors might sun
easily eVade the law ana Inc burden would fall
pagk on those less able to bear ii.
Indeed nnhllSninO