The Van Buren press., 1873-01-21

for the protectioa of the insured. wos!d
recommsHd that the different insurance
companies doing business in this state be
sevsrally required to deposit with the
treasurer or ether designated officer, flf
ty thousand dsllsrs OF said bonds, which
may be levied upon in satisfaction Of any
Judgment that an insured person may OBJ
tain against the company making the de
pesit.
A careful estimate shows that the Va
rious insurance companies. during the
past year, took from the state in the way
OF premiums, one million ef dollars.
while net one OF them had dollar in the
state that could have been used to satisfy
q Judgment in favor OF the insured
Should such . law as l have suggested
be passed, l have no doubt that within
short time after its passage The insurance
companies would take the whole number
Of bonds authorized to be Issued, and
thus place in the treasury one million dol
lars in current funds.
The supreme court, at its June term,
A. d. 1872, affirmed the decision OF she
chancellor in the case Of Thomas Me-
Creary, as the administrator OF Benjamin
Williamson, deceased. against the state
Of Arkansas This decision settles the
questisn ~ to the right Of the state 70
.forecloss the mortgages given in favor
OF the Real Estate hank, and transferred
to the state, Of which there are great
number, embracing hundreds Of the most
valuable farms in the state. l am advis
ed that in many Of these cases no dofense
will be made, other than that already
passed upon by the courts. In view OF
this fact, l feel called upon to say that
the interests Of the state would be best
subserved bv granting time to the slain-
ants Of these lands in which to pay the
am cunts found TO be due. l therefore
recommend that the claimants be allowed
10 pay these mortgages in such iastall'
nents a. may be found convenient. With
such further provisions oflaw as will con-
tinue the DEGREES in force, and cause each
payment to operate as a suspension OF
sale for the period OF twelve months from
the date Of payment,
Such a law would, in addition to the
relief afforded 10 the claimants OF the
land, create a snkinp fund with which to
retire the bonds. II this be done, the
legislature. within n few years, might
safely abolish the tax Of two and one
half mills on the dollar Aow levied to pay
the interest on the public debt. The
rates per cent. or the taxes now levied
for ali state purposes are nine aud enc.
half mills on the dollar, and il these rates
can be reduced to q total OF seven mills
on the dollar, tho measure will be hai!ea
with JOY by people already heavily bur-
thened with taxation.
Under the provisions OF the late ap-
portionment act OF congress, Arkansas
was given an additional representative in
the national councils 1t will. therefore,
probably become your duty to 70 district
the state for congressional purposes. In
this connection, would recommend that
as far as possible the system Of gerry
man dsring be discarded, and a moro lib
eral and enlightened policy adopted, in
harmony with the progressive spirit OF
the age, and in keeping with that dessrv-
edly popular and growing sentiment re.
specting the true theory OF republican
government that seeks to guard and pre-
tect the rights and interests OF minori.
ties.
Iwould respectfully call your attsn.
ton 10 the very great necessity that sx.
lists for. the revision and digest Of the
statute laws Of the state, . service very
much needed TO expedite the business OF
the courts and reduce our laws to some
definite and tangible shape within tue
grasp and easy comprehension OF the peo.
pie. The work already begun in this d.
r.c,ion is, l am advised, purposrly in
complete with view to the incorpora-
ton of such changes in the law as the
present legislature will doubtless make.
The labor Of digesting has, however. been
performed, and it now remains for the
legislature to provide for incorporating
in the digest the acts Of the present ses
sion and the publication Of the entire
body Of the laws Of the state.
Having with sufficient clcarness, I
trust, indicated the general course and
line Of policy that will pursue In my
adm nistration OF tho government, and
recommended such measures in connee.
ten with those made by my predecessor
a. will meet all present and pressing en-.
ergenciss, permit me, 10 conclusion, to
express the hope that your deliberations
will DO conducted in a pseceabls and har
msnious manner, and that they will re-
suit in the accomplishment efmuch good
for the whole people and greatly redound
to the honor, safety and welfare OF the
state. ELISHA BAxrER.
What TO DO WHEN YoU ARE TX TRoU
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