, 1875-05-08
Total principal Of stas debt. ST., ,5aa
Accrued interest {eaiimstel 5,9D0 900

Accrued interest {ealimstel 12o ooo
....,........ sl7,7p,uls
Tho total assessed value Of the ta1able prop
erty of tbs State IL &s5, ,ooo,goo. probably one.
half tho prcaeut fair cash value. tbs NarlaMd
party began operations by inserting iu tbs now
Constitution the following Tbs General AS
gemtly shxtl not hays powor to loyY State tazeH
for any ons year to exceed, ia the aggregate,
erty Of the State Tor that ycar."-Art. xri Sc, 8.
Making deduction for losios uncpllcctabIe, II
will be seen tlas tho total amount to be realized
from tho utmost tax the Legislasuto can impose
IL insufficient 10 msst tbs interest on tho debt,
which are to DO pald out Of that amount, 10
Iockoned NJ nothing. II rnsist l.aso bpen tho de-
termination then, as II il HOW, That tho debt
SHOULD Kor EE PA1p,
though the policy OF aSownd population has
been abandoned, and tho present schetno Ia for
Reputation to the o1tent OF Rbout GGyh pcr cent
by tho process Of "ncaIiug" tho debt. Tho
Legislature, acting under tito nuv Constitution,
proceeded to enact i Ian making the total levy /
per cent, az nllls Of which IL appropriated for
passed al net ausFcnllug for tho yenr 1875 tho
law imposing penalty OF 10 per cont for nuu-
paytnent Of taxoa. Tho natui al result ia. thnt,
~ toth tbo Auditor and Treasurer Of 6sats in-
rhat arc paid on ccu!ation,-wlicA ano1na-
loua phrase, With 4 little explanation, Mill bo
found only triflo more anomalous than
would tho statement that nome uf
tho heaviest real-osato ovnern in Chicago, OH
speculation. never pay any taxos, and make
money aud have their property improved at tho
expeuae Of ths ANAL propsietors, all by tax
1ghting. In Chicago, II current ruport DO cretl-
crty from taxation, BY defeating tho lery; III
Littls lock, brokers mako contracts for tho lny-
luont Of taxes ut from 4J 10 20 ccnta on tho
dollar, and pay them, and return to .hoir Gus
tomor tha Coitectos's official receipt In full. The
payment u made IN tho State scrip issued under
tho carpet-bng Administrations, at wh!ch. &C.
cording to tho AboYo statement furnished bY
Commissioner psavy. Of tho Finance Doard,
$4,000, u0O Is outstanding, or Nas nhen tbs col
lection 81 t.aoa ths yusr wse ~ Sesun' M though
decision ot then Chief-JuBtice Mcclure, th,s
mas made TecclyaD!e Tor taxes and tie Garland
Administration, doubtless to sYa[d tho oliutn
Which reputation would hays attracted, laR not
disturbed tbas decision. unlos4 tLo leyy Tor ray
ment oi tho interunt Oh tho dobt ~ nis, pay-
Abls in greenbacka can be esteemed such. This
scrip now rates At 10 10 33H ceuta Oh tho dollar,
Il which figure tlto M broker H; buys j.. and
threo.fourths tho ta1es OF bis cuuton,ors, aiding
the remaining fOursAi In cost AZ tho lowest ea-
innate, tbs amount outstanding ia moro than
Buflicont to pay thrcc-foutths Of all ta1ea tllht
eau be leytcd nEd coiaectel for tAa yaAra rs and
10. Uy Sec. II, Art. XVI, OF tho new Coh.litu-
ton, Il is provided, "No money arintng lou,
tax levied for any purpose small DO used for any
othor rurpose 10 ttlat, ~ Gov. Garland aIAtcl,
'Itho present Administration IL
nraNlao WITHOUT ANY AoNEx3"
and on III eu,pty Treasury, which thurs asems
l,stto prospect Of being otner tlau ampty lulipg
LiB Administration.
Upun accession to poner, tho GArlknd Admin
uty, iucluling, 1t is stated. about Ga, zoo
belonging to tho Legislative Fund, when
suttictA for tho pay Of the ncinbers,-
leaving in tho neigAborhool OF s70,OUu alt
told, which. under tue Constitution. eau
only bo apslcd tor The specific purposes for
which ieyle,l, and which sen,aius Ia tho Treasury
HOW. Tho public schools wero closed last pi,i.
ter for lack Ut tnnds, aud will rs,nain clo1ol
nest uinter; aud, wlllo oi4argcn aul recr;tniua-
tol,s ale ban4sed ~ to Who IL tcppousibIo for
this, ttlo most potatlo feature about it il, tbat
nobody appears 10 regard tho. closing
Of tho schools ~ any such cas
laln!ty IA it would 10 rehsriud
~ being by the people Of any State north OF the
Ohio larcr. Possibly A1lansas las bven yisttoi
ty 70 sslhy calaniisles that, now that tic Htato
IL abolI. to tecoves from nobt OF t!Ianl, suspon-
Btoh Of tho public schools for two ,ears ia cn,,.
sidcred 80 relatively = light ruattsr. aud lin
poverty OF tLs country. incident to tho crop.
failure Of lass year. and tho past political dis-
turbannas, u to DO urged III extcnua.ion,
TIE soLE nEBouAct
OF tic Hats Government, II uaa stated 10 Tu1