Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1874-12-09
LET THE STATE USE HER MO
NEYS FOR THE RELIEF OF
THE PEOPLE.

Examiners as to the amount OF moneys
in the Treasury. By that statement it
is shown that the State has cash on
hand (co;n and currency amounting TO
upwards of 1887 900. gold. Over and
above this is the amount of capital in
ponds belonging to thai irreducible. TN
available and pretty much useless hoard.
the State School Fund. Unfortunately
our State Debt is in such a shape (bondS
with several years maturity granted to
theml that this money cannot be used TO
hquidate the same; and the said eight
hundred and thirty-odd Thousand dollars,
under present circumstances, is OF no
more use 10 the people, whose cash it is,
than Old Barkis' guineas were TO the IL
oxidation of TIE liabilities Of the South
Sea Bubble. Indeed, the State is in
this sort of plight, namely: While she
has on haGl larger amount Of money
than she owes, tie debt is in such 4
shape that it cannot be discharged short
OF a given number of years, unless the
d-iolti5rs choose 10 surrender their
claims and thus deprive themselves of
their perfectly secured, ten-per-cent
IeaIing paper. To call II the bonds and
insist upon casking them would be
kind Of Reputation: for many investors
doubtless placed their money in these
bonds for the very good reason that they
promised TO run for several years and
pay heavy rate OF interes; all that
while So, We are between holders
option and reputation, SO far as our
bonded debt IS concerned. Now, the
government must go on, and the interest
on the bonds INNS. be paid; and although
under orr beautiful system Of govern
ment it is all right for the Legislature to
pay itself and its attaches and incidental
expenses out of any moneys that may
have got into the General Fund. the peo-
pie must be taxed to raise revenue for
paying the salaries of State officers, in
terest on the debt, &c. Now, it seems to
our non-fnancial mind that there might
be plan adopted which should put the
State into an attitude more like that |
which would. under Ike circumstances
of solvency, be taken by . sagacious in
dividual or a wisely conducted corpora
ton or business house. What sense is
there in taxing the people 1.25 per
cent fo- State purposes" when the State
has money enough on hand which, if
properly invested, would nearly or quite
pay ali current expenses? Why, if it is
wisdom on the part Of an individual to
keep his money employed and earning
something for itself. is it not equally
wise for the State to give like employ
rlent to lis funds: Perhaps We shall lie
met with the averTnent thai tie dignity
of Il Sovereign State cannot permit of
herself going into trade and the business
of money loaning; bat to this the an
swer Is ready, that the great and wealthy
and aristocratic government Of the
Netherlands, for centuries has deemed
it not beneath her dignity TO carry on
the business of trader aud deal in
commodities which come under the head |
of goods. wares and merchandise The |
merchants of Holland demanded an is |
suance OF Understanding government
bonds in order that they might have
safe sort Of investment for their surplus |
means. Having complied with this de-
.nand, the Dutch government found that |
in order to relieve the people from the |
taxation necessary to the raising of rev.
enue 10 meet the interest on these |
bonds, itself must deal with the outside |
world on the basis of merchant. This
little plan being adopted, and the public
means being probably invested, the
government of the Netherlands affords
q means Of profit to her people instead
of being tax upon them and their in
dustry. Now why may not our extra.
idle moneys be utilized to the relief OF
the tax payers Of the State? May We
not hope that the incoming Legislature
will develope ingenuity and talent
enough in financial direction, to meet
This question as it should be met-with
IN eye to the lifting OF a srievous bur
ben from the shoulders of the people?
Should not this be the question, indeed,
having precedence in point of import
nee to Gil others which will come before