Whig and tribune. [volume] (Jackson, Tenn.) 1870-1877, 1872-01-13
a New Line OF Railway.


New Line OF Railway.
We publish the following letter,
handed US by a friend, with pleas
ure, because our paper can never be
sectionalin developing the resources
ofour beloved Tennessee. Old Sub
scriber is welcome TO our columns
MoNTEzUArA, Tenn, Jan. 1872.
Msssrs. Editors;
see various lines of railway pro-
jected in your valuable paper; all
of them, l suppose, can not be built.
Jackson very naturally wants the
Memphis and Knoxville road TO pass
through her corporate limits, and
so does Bolivar, and also Purdy.
Now is there not happy medi-
um" between these points, and
route fully as direct and passing
through rs good country Why not
run the road by Bolivar, MOnteZu-
ma, Henderson, Jacks Greek, Saltil-
10, Columbia, and on to Knoxville
If this could be done, a country
would be supplied with railroad IA
cilities which is now quite remote,
and the people would be more con-
tented and prosperous. l suggest
this line, and poor as am, feel will
ing to subscribe my part of the
stock. Our people are discussing
this matter, and we shall ask YOU, il
you can't approve our views, to open
your columns to free and open dis
cussion. Very truly,
OLD SUBSCRIBER.
OUR BANKRUPT TREASURY.
IamentabIe Condition OF the state
Finances.
A Gloomy Prospect for Next Year.
We find from an examination of
! the appropriation bill, that the eN-
penses of the General Assembly Just
adjourned are about As follows as
| per appropriation biz:
For per diem, members
and clerks .--......--.-- e,jo,Za2 d
Mileage -.--..---------- o,uo1 %
so, $50 81
To this amount some three or four
| thousand dollars should be added for
postage, papers, stationery, fuel, etc.
The prospect for an abundant sup
ply of currency at the capitol is not
at all encouraging.
The rate fixed for 1872 (40 cents,
| in view of the reduction of taxes
generally, will not probably yield a
revenue greater than 81 800, 600 from
all sources. This viii be the assess
ment, and then, of course, a great
amount will not be collected. Out
| of arrearages, however, enough may
| be collected to cover the commits
/ sions for collecting the tax of 1872
and the releases and insOlvent lists.
Going upon the hypothesis that eV-
! cry dollar of the assessment for 1872
viii be paid in by January, 1873, or
that sum rather realized from taxes
prior to 1872 and including that
year, let us see how much better of
we will be.
Tennessee money now outstand-
ing and 70 be refunded, under
decision Of the Supreme Court
| Of the State .-.--.....---.-.--- sbJO,OtO %
| Warrants outstanding TO 18th Of
| December ..--.------- ot,olJ -
Borrowed money.......--.....- 100000 90
Interest account. ....... ---- $1,000 %
Add expenses OF State Govern
| ment 10 -, --.-------- sJu5uuo W
s2,462,8I5 "A
Less taxes to be paid in to
January l, 1873 ..-......... 81 10000 90
Deficit. -......-.. .--.... Sl,O62,5i0 q
The amount of revenue proper
collected for the year ending Sep
TENDER 80, 1871, was 81, 5000, and
| this out of arrearages, a tax of GO
| cents on real estate, and n larger
privilege tax than at present. If the
/ same rate of collections obtain, we
shall not have for the twelve months
to come with a Accent tax on real
estate and a reduced privilege tax,
collections amounting to over ST.
900, 900. This leaves us in debt jan
uary, 1873, for current expenses,
| 81, 462, 315, so that we shall then be
in no better condition than at pres
ent, and no nearer resumption OF
interest payments in 1873 than now.
The revenue bill just enacted
makes all warrants good for taxes,
or, in other words, places 1871, $40 OF
warrants on a perfect equality with
Tennessee money. As long as eacli
remains below par, so long will par
ties owing taxes pay them in, and as
| both aggregate more than the
amount of tax to be collected for the
opening year, 1t is safe to say that
the treasury of the State viii be
| bankrupt for another year, and no
| relief afforded the various officers OF
the State who serve her as Judges,
Jailers, Clerks, Sherifls, etc.-BGJl-
Rer.