The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-11-24

lnolana Reports, $0,OUUi sONoIn-
or's office, $4,000; secretary's Office,
8 1000; auditors Office, 1900; treasurer's Of
fee, $1,000; attorney generals Office, Yl,OOO;
superintendent's office. 5000; superinten-
dents travelling expenses, 5000; adJutant-
generals pay, $500; quarter-master-gonersls
pay, $500; contingent fund, $500; total,
S33S, 100.
PUBLIC INSTITUTIONS.
State Normal School. $1,000; State Univer-
sity, $4,000; Purdue University, $4,000;
agricultural premiums, $500; geologics;
survey, $780,; State Horticultural Society,
$1,000; Insane Hospital, Sl55, 900; Deaf and
Dumb Institution, $5S,400; Blind Asylum,
Home, $3.50; Female Prison, SIC, 700; State
Prison South, $4,000; State Prison North,
(self sustaining). Total, $S7,O5O.
PUBLIC INDEBTEDNESS
Interest on school bonds. S234,2S6 80; on
war bonds, $3.50; on temporary loan, $751;
/ 700; redemption of temporal loan. $500, 900;
| redemption of internal improvement bonds,
| $50, 900. Total, S544, 426 %. Grand total,
s ,S74,076 90. The estimates for 1876 are as
follows:
EXPENSES.
Judiciary, Sis, 900; prosecuting attorneys,
S19, 900; executive and administrative, $S2,-
900; public printing, $50, 900; fuel and sta
tionery s., 900; state house, $500; state library,
5 1000; sherin's mileage, $4,000; distribution
of laws, 5000; expenses Supreme Court, 5000;
Indiana Reports, 5000; governors office,
$1,000; secretary's office, s., 200; auditors Of
| flee, $3.50; treasurer's office, $1,000; at
tOrney-general's office, $1,000; superinten-
dents Office, 5000; superintendent travelling
expenses, 5000; acknowledgements pay, $500;
OBSERVATION-DISCLOSURES pay, 5000; con
tingent fund, $500. Total, S239 ZOO.
PUBLIC INSTITUTIONS.
State Normal School, 1000; State Univer-
sity, $4,000; Purdue University, 10000
agricultural premiums, $500; geological
survey, 5000; State Horticultural Society,
81 1000; Insane Hospital, 5000; Deaf and
Dumb Institution, SOS. 400; Blind Asylum
S32, 500: House of Refuge, $1,000 Soldiers
Home, $4,000; Female Prison, SIS, 900; State
Prison North, $4,000; State Prison South,
(self-sustaining.) Total, S372.900
The taxable property of the state is, in
round numbers, $685., 900, 900. and there are
265. 900 polls. The balance in the treasury
will meet probable expenses till the first OF
March, and the January settlement will add
$500, 900 to the general fund. The state will
receive in 1875 the benefit of a tax of Is cents
on the hundred dollars, and so cents on each
poll. The receipts of 1875 are estimated at
81, us, 900. The receipts of 1876 will depend
upon the levy to be made by the general as
semblY.
PUBLIC INDEBTEDNESS.
Interest on school bonds, 1884, s6 90; on
war bonds, IS. $40; On temporary loan, s94, $50;
redemption of treasury loan, $4,000; re-
demption of internal improvement bonds,
$4,000. Total, s9l2,O26 80. Grand total,
81, $50, 126 90.
Estimates for current expenses. new build
- - 1910 -4lA - fha nAro4r1 ~ tho
institutions named: Insane Hospital, $780,
$50 05; Deaf and Dumb Institution, S73,4OO;
Blind Asylum, Sl07 900; Soldiers Home,
S44,450; Female Prison, S31, 700; State Prison
South, S164, 142 so; no estimate of receipts.
THE ASSESSMENT LAW.
In 1872 the total taxable property of the
state was 1868, 1861, Ash, and by the assessment
of 1873, according to the returns made to
the State Board of Equalization, the value
of real estate was s7O3. 32l ,523, and the value
of personal property in 1874 is 1921 ,95s, 707.
Total, 1865, 2SO, 23O. This shows an increase
of taxable values in 1874 over 1873 of S311,-
9l2, 100. The above figures show the opera
ton of the new assessment law in securing
the assessment of property for taxation.
Under the present assessment the real value
has been more nearly obtained than ever
before. / am of the opinion that an assess
IQcnb VI real pIOPcIbN OnOO III bWO yOdAO 10
too often, and the enhanced values -
tanned by frequent assessments will hardly
offsett the labor and expense involved.
1 am of the opinion that once in five years
is often enough. The auditor also thinks
there are, in the new law, serious defects in
regard to the assessment of capital stock
and suggests legislative action in regard to
the same.
have compiled a table showing the rates
of taxation in the State by counties, and the
total average levy on the hundred dollars in
each county for 1878, and a table of county
levies for 1874.
THE STATE DEBT.
The total foreign debt is $I,172,7 55 II. OF
this amount the war loan bonds, six per
cent, amount to $4,000; temporary loan
bonds, eight per cent, $1,000 due March
IL, 1875. Temporary loan bonds, seven per
cent, due April Is, 1876, $780, 600 tempo
rary loan bonds. eight per cent, due Deem
Der 1, 1876, $500, 900.
DoMEsTIcsDEBT.
Total, sS,9O4, 7sS %, making a total debt of
81, sou, 5Ss "a.
The total redemption during the year is
S21, 275.
The total internal Improvement bonds
amount to 81, PIG Is. During the two years
past internal improvement bonds have been
redeemed, and interest paid to the amount
of 1886, 400 81, S43, 1s4 20 of it being paid in
1873.
wABAsH & r. CANAL.
The report of the president of the board of
trustees shows the following as the receipts
and disbursements from 1S47 to 1874: Total
receipts. S4,SS9, 732 05; total disburse-
ments, S4,S47, l99 "A; balance on hand Octo-
Der 1, 1874, S42,534 81.
EXEMPT FROM TAXATION.
Returns from AZ counties show that this
class of property, which includes property
of the United States, of churches, of benevo-
lent institutions, fire engine implements
and buildings, educational institutions and
some others less important, is, in those AZ
counties, $40, 9S6, 146.