The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1873-01-30
SUPPLEMENT TO THE CLARION

sesf the government would only have reached 397s9l 49,
It's therefore plain that less than million dollars in
rhcy sufficient carry Government, and
whatever above that is assessed the tax
tribute paid stupidity and incompetency financial
agemen and much margin offered the eupditY
The entire system adopted this
verse of public credit 1t is defiance of commercial
and corruptng public morals.
By theory nancering Auditor Board of
Supervisors, other officer be suffered to Issue
sight draft upon an empty treasury private individual who
draws imaginary deposit finds his draft protested and
pertinent fare better State and county officials however
permitted, under laws draw indefinitely upon the
treasury well understood that dollar
posit and when there probability that single
issued viii be paid by the
As consequence, State and county mercy
spectators and paper which should represent values fire.
quenty sold from forty sixty the dollar.
aconditon credit perfectly
munity, without any remedy The simple
as the evil IL disastrous.
After asceranng the expenditures necessary met pro
vide adequate therefor and require the be
collected IN currency Prohibit by rigid enactment the drawing
of warrants any fund in of estimated collections
and place Boards Of Supervisors under bonds corresponding
amount to the importance of their transactions
Currency should be demanded
standard value and the shrewd and crafty profit by their
atoms at the OF the and ignorant and the
When these recommendations system
of strict economy expenditures established judicial and
other officers will longer be the Shers order
to of their salaries
be driven from their profession by being required barter
rants at forty cents the dollar unhappy
in several counties under the wetched financial management
OF incompetent local officers
received into the treasury during 1872
amounts to Sl249276 % This is less than the total receipts
of the previous year by sSSS74 81
increased n five tenhs of (the
the year perious to tenhs of per only
be explained the supposon that Tax have
been datory paying collections actually made This fact
is also established by reference the Auditors report
Whether the of per levied last year
will sufficient equal disbursements Of that year
cannot be determined until collectors their final settle
mens on the first day OF March instant Upon subject
propose to communicate with fully by special
The report the Treasurer shows the
o. present debt OF the state to be s27o7l52 10
VI th ms there IS the rust fund held by the State
(Chckasaw and COMMON SCHOOL, amounting
to..-.....- ...... .$l,3I9613 -
within thirty days, amounting to .. 1884 Os
Which being deducted leaves the debt actually
OF this latter amount there is bonded debt bear
ing eight per cent. interest ...... s353O0s 90
Deposited by Insurance companies and for bonds
And outstanding 49,. 247IO25
Ample provision pay the bonds and inter
est at rnatuty and the remaining due years levy
first day Of January.
only for You therefore provide means to meet
the OF the Government during present
year and to anticipate prospective wants,
RAILROAD INDEBTEDNESS
An act of the Legislature approved April 1872
the Governor certain conditions settle
Under the provisions of this Messr Humphreys
and Smith OF Columbus Miss came forward and paid the debt
due the the Orleans Jackson North
draft on New York for the full AMOUNT the debt This i a
proposed hold until the first day January 1873
State contemplated in the be at
option to demand cash the acceptance.
Prior to the first day of January there turned
and deposited in the treasury State amounting
S5IS97 80. The balance due in amply
by the draft which still hold and which any time
demand the currency. Approaching the difficulties which
beset Messrs. Murdoch, Humphreys
effect settlement of this claim have endeavored show
them could reasonably without
spirit of the law eopardzng the
Within the thirty days assured the balance
necessary complete the transaction will be placed
my hands.
which authorized railroads settle their indebted
State expired by limitation
Ohio Mississippi