Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1872-01-17
State and City Debts.

The annual messages of the Governors of
many Of the States were delivered to their re-
spc ctiye legislatures during the FIRST week in
the year From these the financial condition
Of their several States is accurately obtained,
by comparison with some of which our
own State debt seems but tiaiug matter
The total debt of Massachusetts, funded
aud unfunded is $4,000, 1854 90.
Maine shows an excellent record. The re-
ceipts during the past year have been So
100, 100 81 disbursements, s2,ll5,0ll 81.
The debt, January LIST, 1871, was ss,067,-
900, and on the LIST of January, 1872, was
s6,274,3l0.
Never has the credit of the State Of New
York been better than at present. Last year
nearly three millions of the State debt we're
paid off, and the aggregate is now reduced to
800 ,4S2, 702 OF this sum, nearly two-thirds
represent the war-boun,y debt, which amounts
to SIG, Ss7 206, and will be paid off in about
five years by the annual tax provided in the
law authorizing the loan. The rest of the
State debt is sl2,500,000
Tho Governor Of Ohio gives the State debt
as s9000,72 36, and taxes assessed for 1871
as s23 1857 ,664 q against s24, 1870, $50 81
for 1870. While there is thus some small
decrease in the aggregate burdens of the COM
munity the first reversal of the rule of a
heavy annual increase for years back. Il Gov.
ernor Hayes finds that the Indebtedness of the
towns and cities Of Ohio has increased over a
million Of dollars during the past year, and
that the sum Of such Indebtedness equals the
State debt, The pernicIous practice of vo-
ting money or credit to internal improvements
is given as the occasion of this heavy and in
creasing burden, and it is recommended that
the constitution be so amended as to forbid
any further issue of aid bonds"
Governor Geary's message to the Legisla-
ture of Pennsylvania, represents the total
debt at nearly twenty-nine millions Deduct
ing the Sinking Fund and cash in the Treas
ury, the balance unprovided for is slSl00,-
600. The amount paid off during the last
five years, averages sl,744,S7S 81 yearly.
The Governor of Maryland gives very
encouraging report of its State finances The
aggregate debt of the State on Sept, 80
1871, was sl2 436,7lS; the State held pro.
ductive assets to the amount of s7,7lS,4 25
leaving the State debt s4,7ls, 293.
The message of Governor Washburn Of
Wisconsin, says the State debt is s2,250,O0O
the disbursements this year are estimated at
100000 less than in 1877 he recommends
legislation to prevent unjust discrimina ton
by railroads, aud iavors postal telegraph
The message of the Governor of Kansas
shows that the total bonded Indebtedness is
81 100000; other Indebtedness, 100000
reduction of the debt during the year, 500,
900 resources of the State, s6s2,000
The total funded aud floating debt of tn,
city Of New York on the 10th Of December
was,-s9i ,533,S67 %, an increase of s3l,
40l,2S3 during the years 1869 and 1870
Boston owes 500 1888, 800 so, with means oil
hand to pay sll,77O ,l62 3s, Charestowr
owes s96,2s7 Cambridge owes 81 ,ssl, 400
Chelsea owes s9l7, $780, Somervlle owe
s593, $40 Lowell owes s999,2l Lawrenc,
owes Sal $50; Ilaverhill owes sl70,750
Taunton owes s272,272; Worcester owe
81, 100000; Lynn owes $4,000 900 New
Bedford owes ssi2 600.
" 1t is bad time for the bad men VIII
had become so bold and ostentatious in thei
villainy Garvey in fight, Hall stripped o