The Placer herald., 1871-12-09
CONTROLLER'S KEFOhA'

.., .n,Inties and other sources are
From the several couh''e' anu
set forth as follows;
TotaI from counties for twenty -,,c,e e5
eret fscal veal. Notwithstanding odfoto9 ~ ~
Total miscellaneous recelp1s..''''
S3,50S, 1853 81
Total from counties for twenty ,o 600 NIX 70
second fiscal year '.''''@I 900 ooo %
rotel miscellaneous receipts. $50. I'o'o''0'
S3,329, 1884 SO
,,.n rs sc, s3S, ,150 so
Expenditures i0f '"'ii' ',.,..... ' s3S14,O ,O37 %
Evrendtures for twenty-s' coho o,s t5e No
fiscal year. '..'''''''
For both years. ...........''.'
THE SCHOOL FUND. :, ..o,
Thu raver,a for this fund has rapidly lncieaseu'
,r,,o oroonnt If bonds now held IN trust Tor inc
schools amounts to 81, 1l3,5OO, and the sources
Of income dedicated to their support lnus' iaP
idlv increase the fund and give our o'aVe 'l.e
first rank for the munlfcence OF Its endo"inen'S
for popular education
INCREASE OF TAXABLE PROPERTY.
On mace 81 will be found the annual state
ments from the organization Of the State Gov-
nrnroent IN 1870. In but one year, that of 1896
was there any dminution in the assessed value
of nronertv in our State With that single ex-
cention every year exhibited an important IN
crease. - c-o coo
g 1885 {" .................. 1O3,SS7 1873
" 1860 " .................-'. !fo' oo ~ Ia9 Ja9
" 1865 :" .................... @ @Io9' oo9' 10 10
Which contrasted in decennial periods gives
these results -,o a.,
Increase from 1850 to 1860 ......-S 9U,52Z, ool
1860 to 1870. ....... 1913, 3H 594
Mr. Watt estimates the assessments OF lciZ,
should we have a favorable season, at $500 ,0O0,-
900, and on this basis his opinion that there Will
be an excess of receipts over expenditures Oh
500. .422 rs for the fiscal years 1872 and 1873,
which excess will accrue to the General Fund.
II the taxation for various funds is maintained
at present rates. it will require property tax OF
81 cents on the hundred dollars.
THE TIDE LANDS
The sales made by the Tide Land
Commissioners to Nov. 1st, II.
Amounts cash sh......~.......... ZO,Jif %
Deferred pavnents. ..... 679, S29 95
Total 81 200, III Ga
The expenses charged to the Com
mission n........-.-.....--..- s-lo'olo -
Showing a balance thus far Of $9S7, ,755 92
But nearly the whole expense has been incur
red, and there yet remains much land to be sold
The deferred payments bear interest, and The to-
tai amount from the same accruing to the State
will reach, in our opinion, over 81, l,5OO,OO
THE STATE nErr.
On this subject the Controller states that at
his last report the debt was 81 ,0GS 600, which
has been reduced in the past two years Sl,005,
500 But, under the Act of April, 1870, for con-
| Al. "a. 4 4
! the grounds for tlao Governors mansion. these
items must be deducted to exhibit the net result.
| Adding everything together, however, the total
on November LIST, 1871, was $3,S29, ,3Ol SO.
THE COUNTIES.
! The financial condition of the counties, as ex-
| hibited on November |, 1870 are given in tabu-
lar form, showing their Indebtedness, rate Of in
terest thereon, value of property, cash in their
treasures ana rate of taxaton. Their total fund
| ed Indebtedness amounts to 81 ,0G2 100; floating
indebtedness, 81, l24,S Their total property
is 81 81, ,353; cash in county treasures, $l.267
| 22S. In the aggregate, the amount is not alarm.
inSly large, but 1t Is unequally divided, and must
prove burden upon the sparsely populated
counties. One cause OF this load of indebted
ness has been the division of counties and the
issuance of bonds for jails, court-houses and sal
aries
The decline in the mining counties has beer
owing to the want of tenure in their lands. Many
a region that has been exhausted of its gold
! would have answered for vine lands; but they
were unsurveyed, and not open to pre-emption
Nor could the farmer pre-empt, so when the
| diggngs gave out the people whowcre left had to
bear the whole burden of Indebtedness. An
! equitable remedy for the loss caused by the non
action of the Federal Government would be to
cede to those mining counties grant of so much
of the public land, the proceeds to be given to
the treasures of the counties for the payment of
their obligations. 1t is measure of relief emf
nently proper under their present condition.
CONCLUSION.
The condition Of the State under four years OF
Democratic Administration will remain as q
monument of the ability and fidelity of its Off
GERS in the discharge of their duties We have
much to feel proud of. splendid capitol: a
State University, nobly endowed; the State
debt largely reduced the School Fund greatly
increased; the Tide Lands sold for the benefit Of
the people, and the afflicted amply provided for.
| We earnestly hope that the new Administration
four years hence may exhibit as satisfactory a
result on the termination Of their labors.
They have gentleman in Sidney, Ohio.
who has probably heard how the California
miners turned " hap,jacks by tossing them
in the air with peculiar twitch of the pan
and catching them as they come down "t'other
side up" We infer this, as the Sidney DEM
0crdt SAYS: