Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1872-03-09

INfHy Hhct"FbtHs-fset.-H ifilH lEiUHtf 10 Cbl-
ected BY TIE Tax Collectors and paid
Idirurtly, to the County Trustee, aud
never comes to my hands.
! ynd. Tho Railroad tax. II will bel
remembered that in 1853, $3.50 000, of
bonds issued BY MONTGOMERY county,
each with coupons scna -ainually to
be paid, Each boml was Tor 81 900
Each coupon was for thirty dollars
They fen due Jnmmlry fstaud July let,i
OF each year for thirty wears. This
tax was 10 rly tire interest falling due
on these bonds This tax 81 collected
BY a Railroad Tax Collector is paid,
by law, into tho First National Bank
here, and is paid out on checks for.
coupons. The whole Of tIris passes
through the Bank, which Keeps reg,
ular account Of these funds, which are
applied only to coupons. - VA,
Bird. a tax ON privileges, which is
collected BY the County Court Clerk,
| and paid oyer by him to the County
Judge, for purposes which will be
explained.
So it will be seen that so far az ]
personally. am ehargeablc with money,
this last fund is the only one have
TO account for, which | am prepared
| To- do. ~. ~. a ~.
After the war, as during its exist
cnce no tax was levied and the inter
cst on 'ne Voi'us VIZ el'.'''S, ~ ~" o nvs
a a,,l ndn sS.lna'c'. ~ l.oitl '2vVv ~
Soo'VVV ~ g'h's ll,'enes' ,, IL. noooin ny
que aiNl Mas ! p,IpSJu. VIZ s'ue "i'V
no nlcails y ish y NV 'l W p's ~
In lS6o, the County Court decided
to fund this interest ~ issuing other
bonds tor 1t, and not TO- levy tax Tor
tho amount. Accordingly they APP
cd to the Legislature tor authority
to issue funding bonds, ana on may
III ls66, the following law was passed.
Section "a. That the Judge OF the
i County Court OF montgomery county,
i Tennessee, be and lheis. herebyauthor-
lied to issue, by and. with the advlce
and under the direction OF SAID County
/ Court, bonds to fund all or any part OF
? the coupons. unpald, to and including
! the lst or july, 1870 upon the two
hundred and nifty thousand dollars on
bonds issued by sad county, IN pay
ment OF its subscription 70 the stock
in the Memphis, Glarksvllle and Louis
WIG railroad Said p9las shaii DC loi
, such amount aug lall uue " s , '.ih'
~ sap Oouii,y O91rC sha,' "'rcee; ~
'pec enaptef l-ltoec'9f Ac's VI loo'
ana l9oo' ,6c.. Il, :, !,
: IN January i2o2, ,hrce anu IL. rai
months eeiore 4 eI1eroo lHso once
J tfe . us.ices ol !hc N9uh.y oour, ap
] propria'eo u taiifoau purposes an .ii'
taxes arisihg from priNiieses' no pro
VISION appearing ID tlle act quoteu To
! AieVSlhS u TAX 10 pay the interest accru
ing on .iie iuholilg poiiuS. VI course
l cannot say any'h'iig a. 70 me view
OF me Court prior 10 my lhuuclioh IN
10 once except as upon nearsay'
' by me aavice ana uhoer inc alrcc
2 tioh oil me eouh'y Court; SIX coupon
were 10 De 1undea ON Gach bona iss'ie'
: II the holder OF siich coupons con
) stnteu; ms would lnake inc amour
OF each funding pond Slo9 w. Inc,
W were "a,ea Det' loud que N9V'
20 isot a. WI NH oou 'i' ILL., 10
"a ~ IN ~ KIN All Al
~ L. III. H. 49, a Va 80, ,nlson H. i;
.ntt ~, . 70 H. On w.
a io.''oi' '' wy N''''
D entered 'tnon my duties as Count.
Judge Hpruli, 300; we procured
. certlhed copy OF thc law as coon at,e
us passage as we couio ana aitef &c
taiis ana dircctions ii1d pcen given D.
thc Court advertised IN sundry new,
paper that | was prepared 10 1und
WIN view OF uniformity ana exact
ness eacn luhdlhS hohd issued pear
me no. 81 the nond 60 when the roi
!. pons funded originally were attached
a list OF bonds as funded was KEEP
with the name OF the person to whon
issued. Generaliy ihey were Issued Il
' blank as 1t Is called, that Is no nam
| OF payec was inserted, ut the ,reques
: OF me person. or ma agent VINO wa
i ;u.a Sa,le' 'JiA No COUPONS III ohe,
tho hnna " u'os ;,n 49, ,,b;nh r NV NV,
MAJ nf tho'n we Lied frr hy N,
~ a. '"S A. vi" IJn, az" ~ NJ Ia
/, T lShIl1"y, .ua :, ""''' VI ~ 'o''
i, ~, "S'''''
Inc whole number OF funded BOND
= lssieu was I'D iuhdlnl& l:3,H coupon
= OF S52 each, aggregating Sfi ,'iO' bc
= fore the issuance OF any one OF then
on enquiry as to now the interest WA
to be pad which the person Yho wa
asked to take them would desire 7
u know, the court informed me that l
January looo, they had appropriate
g the tax on privileges to th't purpoSS
WIN we" Oh renewing 'ue Pcop'
from d,rect tax ana as an induce
J. mesnt 10 holder q, nt past uue coupon
l. TO tnnd them me indictment BEN
: the greater pro9labiliiy OF payment
maturity than the 9riglnnlS based O
g direct taxes ana COLLECTIONS by reyyenu
l. collectors was Iurthcr.Said mar