The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1874-07-18
HISTORY AxD the nrcoRD.

HISTORY AEb TIE RECORD.
Previous 10 the introduction of this
measure before the Legislature. there
were two financial bills pending in the
Senate. as follows
One was 10 change the time Of the pay
ment Of the revenue into the State Treas
ury to April LIST OF each year; thereby
giving the people longer time in which To
pay their taxes. Sec Session Acts, 1871,
page 81.
The other was act 20 amend chapter
81 Revised Statutes. Title. Beyenuc aud
Taxation. See Senate journal, pages 7I3,
IA, 7lj and 7l6.
The primd object of this last bill was 10
increase the amount OF revenue. Its adj
vocafes, however. were unwilling to pro-
pose to increase The rate Of ta1, but hoped,
by some stringent additions to the reye-
nue laws, to force higher rate of assess
nieIt Of property, aud thus 10 indirectly
bring about an increase of the revenue.
: They claimed that the financial emhar-
easements of the Treasury imperatively
demanded increase OF revenue, and
: therefore opposed the passage of the first
bill, because, as they contended, the State
/, Treasury WAS not Ia condition to grant
the indulgence asked for by the tax pay
ers.
Under these circumstances, b. common
consent OF the Senate, IL was agreed TO
consider The two bills together; aud by
reference TO pages Gl5. 90 and o. OF
SENATE Journal il viii be seen that they
were postponed nj and to he same time.
Ga the 18th Of March Mr.. Tyler enter
ed upon the discussion of these two bills
lie advocated the passage OF the rst aud
opposed the last. lie maintained that
the cnbdrrasSmcnts Of the Treasury
arose from rtizlnAna ssussns., es.s,i sl.st. !.
wise adm Illustration of the finances of the
State would result not only in the relief
of the distresscs Of tho Treasury, but in
the pas nent OF the State debt and the
relief OF the people from excessive taxa
ton. lie coHtcndcI that the cash on hand
in the Treasury, together with the mar
kei value Of the stocks held by the State
in banks, &c were ample TO pay OF every
bond of the State. both due aud uutlHe
aud that without computing the claim Of
/ 81, 1913 96l which the State held against
( the Quilted States. That this being dane
then the annual revenues of the Sinking
/ Fund would GO 10 the Treasury proper,
+ aud thus prevent any future deficit aud
( avert the necessity of an increase of tax
alton. Nor was this all. By this means
! the State would have large surplus OF
cash, and ceuid without any embaIrass-
menf extend he time for the payment of
the revenue into the Treasury to the LIST
+ of April of each year, thus giving the
farmers ample time and opportunity 10
dispose OF their crops and to meet their
taxes n
This is n rapid outline of Mr.. Ty lcr's
I speech, and il was the first mention that
WAS made OF this measure in the LeSis-
! Iaiure This was the suggestion" of
The measure TO which have referred as
being due o Mr.. Tyler, aud II was the
first that Col. Turner had ever heard of
H. The conception OF it lad never enter
ed into his mind. II was entirely new to
him, as well as TO others.
As matter OF course II created sem
sation amongst the members OF the Leg
islature. Ii opened a way by which TO
{ escape the necessity of increasing lax
alton upon the people, and the members
were very naturally pleased At its sug-
! eesiions. Ii was the common topic OF the
conversation Of all the members and
there was much anNiety upon the part Of
I al-of them to learn whether the state
menis of Mr.. Tyler could be sustained by
I the figures. Col. Turner shared this
anxiety with others, and Mr.. Tyler was
orerw helmed with questions, and the
Auditors Report and every other avail.
able so Ircc of information was examined,
until The mass OF the members became
convince,
Gil. Turner was almost convinced. but
he approached the matter with that timid