The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1874-02-10
OtJH FINANCES.

We arc awaiting with much interest the
coming reports that are being prepared by
the different departmental officers, that
we may have the situation and condition
of our States finances before the people
in detail.
in the meanwhile, however, we fear |
that the Legislature is not preparing to
srapple with the subject in such syste-
matte manner as will insure wise and |
comprehensive legislation upon this sub
ject. .,.,-.......-..
Hsving the welfare OF our great State
at heart, and impelled only by desire to
serve the best interests Of the people, we
feel justified in making some suggestions
in advance upon this most important sub
ject. And first, we may say to this al,
ministration that much is expected Of it,
perhaps too much; but, be thatas it may,
anything less than laws that embrace
policy that not only looks to the imme-
diate payment of every just claim against
the State that is due, and the placing OF
the credit Of the State upon solid basis
for the future, so that every claim or debt
is met promptly at maturity, will fail to
satisfy the people. We are no. RESPONSE
| BILE for the condition of our States finances
and credit, as they now, stand. But for
their future condition md standing we
are wholly SO, and besides, it is one
Of the chief principles of Democratic
doctrine to pay what we owe and
to pay it promptly. There is much truth
in the saJ ing that "what is everybodys
business is nobody's business and we
fear the exempIication of the truth OF
the Saying by the present Legislature.
The Finance Committee of the two
Houses, charged with the consideration
and elaboration of current business, have
not the time to give that consideration tt
the subject of our financial standing, and
, our future wants in this respect,to do jus
tice to the subject. Therefore we sug'
pest for the consideration of the two
, Houses, the propriety Of the appointment
of a joint committee Of the two Houses
of picked men, with the privilege OF
continuous sitting, and wholly excused
from attendance upon their respective
: bodies and from duty connected there
with, which committee shall be charged
with the duty of providing (by a bill tt
be reported by them) a financial polio!
e for the State, comprehensive, graspint
the whole subject, and not merely pro
: yiding for an emergency. To 90 thi'
i successfully, time, thought and patien
q study, adding therto the valuable sugges
tions of the able and trained financia
, minds of the country. In our opinion
: this is subject of so much impoi tanc'
that we confess to some apprehension les
the subject may be dealt with hurriedl,
: and mainly with the view of meeting
: present emergencies. There is an abun-
8 dance of brain capacity in botf
: Houses to undertake this or any Other
!. important subject OF legislation
z DcluOlu, III iuSt, h1NO W. S'SA AAS''AA
body composed of as many bold, origina
and comprehensive miHds. Nor have WI
the least fear of the results Of their work
if properly undertaken; but, we take i
, as fact beyond dispute that no admins
tration can survive the effect of dam
: aged credit, whose obligations are no
met, and whose credit is bysword; ant
: while it is remembered that the curren
r indebtedness of the State is largely un'
. provided for, warrants at about sevent.
, cents, service vouchers at q ruinous rst'
discount at the same time. County sfte
county is asking to have the collection o
its taxes deferred, owing to the grea
a scarcity of money among the people. W.
! earnestly insist that there Is no subjec
{ requiring more patient and faithful con-
sideration.