The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1873-02-20
The Comntrnller.s Reno,t

The late report of the Comptroller
shows that for the 10 months ending
December, 1872, the total receipts, from
all sources, amount to 81 APO, 00O17; to-
tai disbursements, 81, 432 1858; and the
excess of disbursements over receipts Is
$l2, 7G6.S3.
The total State debt is $40, OG6, 3s2. 10.
In East Tennessee the number of
acres of land is S,099, 1856, with "A total
value of $4l, 142, 064 and the average
value per acre is $5.OS. The value of
the land in acres is $41,142,O64; the
value of the town lots is $8,3l7 ,447; and
the value of other taxables is 81 So. 2O9 /:
and the total taXables of East Tennes-
see $54, $50. The total decrease in
the valuation of property in East Ten
nessee is $594,4lS; and the total de-
crease of tax in that section Is Sill ,759 =
20.
In Middle Tennessee the number of
acres OF land is 10,253, 400, the total val
ne of which is $S5,Ol9, 767, and the av-
erage value per acre Is 1920. The val
ne of the land in acres is $S5,010, 767 :;
the value of town lots is $22, 5SO, 237 (;
and the value of other taxables is $I3,-
O5l ,05l; the decrease in the valuation of
taxable property in Middle Tennessee
is 5,406,07l; and the decrease in taxa
ton is $277, lS7 .33; and the increase is
$3,430.79. The total decrease of taxa
ton i'm Middle Tennessee is $273,75G. "a.
In West Tennessee the number of
acres Ofland is 50, 500 ,G22 the total value
of which is $59,O20,54S; AMI the average
value of the land in acres Is $50, &c, 548 !;
lots, $50, 507 ,292; and other taxables is
$S,30l ,7O5. The total value of taxable
property of all kinds is $07 ,2l9,545, The
total increase in West Tennessee is
$679,622. The decrease in taxation Is
$1,000. 50.
The decrease in the value of property
in East Tennessee is $2,204, $50 20: the
decrease in Middle Tennessee is $6. 7s2. :
3lS; and the decrease in West Tennes-
see is SO, l54, 1874; making a grand total
decrease in the State of $l2, 231 ,S42.
The Increase in the value of property
in East Tennessee is 81. 70G,I72; in Mid
die Tennessee, 81, sac, 240; i'm West Ten
nessee, $685. 1855; and the total de-
crease over the increase In the whole
State is $5,32O,66S.
The decrease In the taxation in East
Tennessee is $ll1, 1920; in Middle
Tennessee, $277, 1873; and in West
Tennessee, 1902, 46l .5S.
There is no increase Of taxation in
East Tennessee. The increased taxa
ton in Middle Tennessee is $3, 43O. 20 /;
and In West Tennessee $lO,7Ol 80 /;
showing the decrease in the whole
State to be 1901 ,4OS.11, and the increase
in the entire State to be $l4, 1924 The
value ofland in East Tennessee, in acres,
is $4l ,l42,64; in Middle Tennessee, 1885,
0l9,767; in West Tennessee, $59, O2O,-
64S' The total value of the land of the
State Is 1916, lS2, 800. Value of town
lots in East Tennessee is So, 347, AT; in
Middle Tennes see, $22,5s5, 239; in West
Tennessee, $30,507 ,202; and the total
value Of town lots In the State Is $7l-,
Al, COS. The value of other taxables
in East Tennessee is 81, G55, 200; in MIDI
3le Tennessee, $l3,05I ,05I; i'm West
Tennessee, $S,39l ,7O5; making a grand
total of other taXables, besides lands
and town lots, In the State of $26,047,-
065; and the total taxable property of
the State of all descriptions foOts up
$272, 1874, 352.
The total number of acres of land in
the State is 2l,722, 1858, and the average
value Of the land in the State per acre
Is SAB.
The Comptroller I'm his remarks SAYS:
/ am glad to say that the public burdens
will hereafter be considerably relieved.
The sale of the delinquent railroads has
diminished our debt to point perfectly
manageable, with wise legislation and
bonds will command and continue to
command their par value in the money
markets of our great commercial CEN
tres.
He further says that the entire debt
of the State is about 500, sec, 3S2.I0
He recommends that the entire out
standing debt of the State, including
unpaid coupons, warrants on the Treas
ury, the old issue of the Bank of Ten
nessee, and, In short, all debts ex-
cept those preferred by law, be fund
ed into one uniform series of bonds,
have thirty years to run, with
seml-annnal interest coupons attached,
bearing interest at the rate of six per
cent. per annum. He thinks there are
several valid reasons why the entire in
debtetlness should be evidenced by a
uniform series of obligations. He says
we have now I'm circulation more than
a dozen series of State Bonds issued at
different times and for specific purposes.
Confusion is thus brought about, and
the free circulation of bonds materially
interfered with, and their market value
materially impaired.