Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1871-11-04

a material reduction of taxation cal
be made unless new and rcliabl,
sources Of revenue can be made vail
able, sufficient to supply such a leflci
as may result from reduction.
A RECOMMENDATION.
He recommends taxation of State
county and corporation bonds, ais,
that cases before Justices of the peac,
be taxed, as well as the bonds of al
trustees.
THE FLOATING DEBT,
together with the current expenses o
the State Government can, he thinks
be paid by the LIST of July, 1873, GU
Of the taxes heretofore levied, but yeI
unsolicited, with an assessment o
five mills or fifty cents on the hun
dred dollars for the year 1872. Then
IL the uncollected taxes, together
with the levies of 1872, will pay the
floating debt and the expenses fol
this and the ensuing year, he conf
IDENTIFY believes we can
FUND THE ACCRUED INTEREST on
the bonded debt and resume payment
of interest OH the first day of Janu
AIRY 1874, ut the rate Of fifty cents on
one hundred dollars, or even a less
rate, II necessary reforms in the
revenue system are effected, and the
source of revenue made available.
He therefore recommends the funding
of all coupons matured or maturing
to the LIST of July 1873, as well as all
bonds due or maturing, by authorize
ing the issuance of bonds with cOu
pOns attached at rate ofinterest moi
greater than six per cent, to. mature
thirty years after date, and that they
commence to bear interest from and
after the LIST day OfJuly 1873, and pro-
viding that the funding com mence
at once.
FLUCTUATING SECURITIES.
The Governor concludes this
part of his message by saying
that Tennessee can no longer submit
to the humiliation Of having her Sc
curities fiuctuating by speculation by
rings, whose loud sympathies with
an Overtaxed people Is measured by
their desire to buy bonds at a sacrifice
and sell at profit.
COMMON SCHOOL SYSTEM URGED.
He makes strong appeal in be-
half OF u good system of common
schools.
AMENDING CRIMINAL LAWS.
He recommends the establishment
of county warehouses;, to save the
State the expense incurred i'm the
prosecution of criminals, amounting
to $500, 900 per annum. That can be
done by so amending the criminal
laws as to provide for the punishment
of petit larceny, as we'll as other
offences of the same grade, and all
cases of misdemeanor, by confine-
ment and labor in the several counties
where its laws may have been violat-
ed, by labor upon the public roads,
buildings and bridges. Prisoners
may be made to reimburse the coun-
ty for the expense of their confine.
ment and cost of conviction, which
ought, in the first instance, to be paid
out Of the county revenue.
THE RAILROAD LAWS.
On account of the. embarrassed
copait17n Of the State finances, the
repeal OFtNs law permitting solvent
railroads to pay in coupons the inter.
est on the bonds loaned them by the
State is recommended.
TURNPIKES.
Delinquent turnpikes should, he
says, be sold, as in the case of delin-
quent railroads.
JUDICIAL MATTERS.
Where the civil dOckets of judicial
circuits are too much crowded, the
Legislature should either curtail the
circuits or create criminal courts.
THE LAWS TO BE EXECUTED.
The Governor concludes by pledg-
ing himself to spare no effort Co exc
cute the laws and bring criminals to
justice.