, 1874-01-14
NUNICIPAL AND STATE FINANCES.
S1,~cia, Dispatch to Tie khieaqo Tribune.


| SPRINGFIELD, jan. 13.-Halpin, OF Cook, has i
length taken his eeat and comes prmed fun Of idea
| On taxation matters. He has in preparation bill +
meet tho deficiencies arising In municipal revenue
from delinquent ta1es- His plan, BRIEF Ia that 1t
time to be stated By the City Council the Collecto
shall return The delinquent LIST from his warrants To-
collection, to the proper officer; and from the GATE
/ such return the penalties impo<ed by the Reyenu
! law shall become lien upon tho property and be CT
tended gu tho tax List tor tue following year, and, d
the end Of the two years. limit for redemption th
property shall become forfeited to the city. The city
on report Of the Collector shall have power to fss,
certificates Of indebtedness to the amount Of the de
] hciency in the municipal revenue caused by tht
delinquency IN the payment Of city taxes
and penaltyfunds is to be used to louidae the none,
borrowed on certificates Of indebtedness, and the bal
anes TO apply, first On tho floating debt Of the city
J finally, On the redemption Of she bonded debt.
BLOW AT TAI-BUfERs.
This BILL 1t is csined, woud enectua1y put IN end
to that pestferous class in the community called tax.
huyers many Of whom many haye anoassed vast wealth
in trading upon the sfortunes ignorance Of the{1
ftllowcfsizens It is calculated that the passage Of
OF Chicago alone from 700 TO $00 600 pcr aunun
and greatly accommodate parties whose property had
become incumtered by liens for delinquent taxes.
coSvERs1oN OF CITE FUNDS.
Following is Senator Mearaths bill rclatng to city
funds which war introduced In the Senate to-day:
AN ACT to authorize the Legislative authority Of any
city in tLis State having o00 600 nhabauts 10
Use any money standing to the credit Of any city
fund, general or special. to meet the deuands on
SEC l. Be IT enacted by the people Of the State Of
Illinois represented in the General Assembly, that it
Etate having 600 inhabitants to authorize the
Mayor and Comptroller Of any Euch city By resolution
ordinance to sny moneys standing to tho credit
Of any city fund, either general or special, to inert
the demands upon any other city fund in which there
may be de1ieiency correct account Of ali MONEYS
Comptroller, md said moneys shall DO r.
placed by him within not to exceed ai1
Subsequently received into the city Treasury to the
credit Of the fund thus supplied provided however
moneys shall be no used or transferred unless ade
quate provision has been made for their reinburre
ment within said period. Whenever the term City
Council is used this act, it tha be held to include
the Common Council of any such city.
the transfer Of such city fund and wherefore
gency e1iste therefore this net eha tnke effect and
be In force from and after its passage.
RErESUE BILLY INTRODUCED,
Several bills were added to the literature Of the
House mostly on the subject Of Revenue. They have
been anticipated but indicate general desire to
amend tha. law which was so fearfuly and wonder
fully made
\ CRAP BILL
In the Senate Glenn offered bill providing that the
6tate Treasurer shall pay for If presented or p1lr-
chase IN open market: county township bonds IT.
plus ir hs hands to the credit Of the county town
ship and providing that In Of failure SO to use
any surplus it shall be invested in United States bonds
to form sinking fund for the indebtedness Of any
such county or township.
COUNTING THE MONEY
Carpenter. Chairman Of the Finance Committee,
II obedience to resolution Of the House. v1slted
the Treasury Department this afternoon to sec about
counting the money Assistant Treasurer Sanders in
formed him that Treasurer Ruiz WIS in New York On
. financial mission for the State, and had many
vouchers With him, lut would be back On the 2sth
inst Mr. Carpenter will cali his Committee together
to-morroa, and decide whether they will proceed with
the count now await the return Of tbs Treasurer
TIE TIME FOR COLLECTING TAXES.
The Revenue Committee decided this evening to re-
port bill for extending the time for collecting taxes
until May TO- In conformity with Instructions Of the
House. Several Of the Committee n1e opposed to the
BILL which can hardly pass the House; and, If It does
It won't 60 through the Senate the Senators believing
1t would do no great good to put OF the day Of reck
oniag.