The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1875-01-13
Total amount to July /. 1875

l, 1873 ss,22s 10
To the above amount due on cou-
pons, with interest to July 1, 1875,
$3.228 10, add amount of judg-
ment in Circuit Court of Hamblen
county bearing date August 10,
1874. $706 65: interest on same to
July /, 1875. $50 so; cost Of judg
ment, say $40 90; total amount due
on said judgment July l, 1875,
1868 10.
The amount of the floating debt
evidenced by warrants. has not yet
been definitely ascertained; but the
nearest approximate that can be
made TO it. will! fix it at not less
than $500 90.
In current expenses of the year,
including repairs of streets, tax col
lectors' commissions, salaries of
officers. etc. etc, will amount to at
least $3.50 90; making total liabili
ties that should be paid by the pres
ent board. S5.O41 80. Saying moth
ing about the principal of the bond
ed debt amounting to S14,600 90.
that will fall due in the years 1878
and 1879, and for which there is, as
vet, not a dollar of sinking fund
provided.
To meet the above Indebtedness
of $5.O4I 33, already due. there
were the following taxes put into the
hands Of the collector, by the pres
ent BOARD:
Taxes levied for previous years
and unpaid Oct. 1, 1874, $1,07l-
80. Poll taxes levied for the present
year, $l47 90. Other taxes 80
cents in the hundred dollars, levied
for the present year. $2.225 20.
Total amount due on all tax lists
now in hands of collector, $3,443 So.
From this, deduct amount already
collected and paid on warrants and
coupons not included in above state
ment, 1886 G8. Amount tax list
yet unoollected, S3,O56 So Proba
BILE amount % be collected on pre-
vileges between this and first of
October 1875. 500 90. Total pos
sible amount of revenue from all
sources, 3,j56 50. II every dollar
of this revenue were paid in to day,
and interest counted on it to 1st
July next, it would lack about-$I 400
90 of paving the indebtedness of the
corporation due at that time And
yet we hear Of rumors that q number
of citizens will not pay their taxes,
until the question of the present
high rate of taxes is tested by the
courts. Their idea is that the cor
poration cannot go beyond the tax
levied by the State, of forty cents in
the hundred dollars. But it would
he we'll for them to bear in mind,
that the present Indebtedness of the
town was created by due authority
of law. and the authority to create
the debt carries along with it the
authority and the duty to provide
for the payment Of tAhe debt; and as
the present tax is greatly Inadequate
to meet the present demands, so
far are the citizens from obtaining
any reduction of their taNes, that
they may thank the creditors OF the
corporation if the present board is
not compelled to levy still further
tax, for the payment of the interest
now due on the bShtled debt.
For the correctness of ehe above
statement Of the towns finances, /
cordially invite every citizen to an
inspection of the corporation books
aid papers now in my office; and it
would be we'll for the people Of the
town 10 better acquaint themselves
with the affairs of the town. If they
would 90 to the trouble of informing
as to these matters, they
would save themselves the trouble of
making many senseles complaints
against their board of Mayor and
Aldermen. Upon the one hand the
Board is denounced for levying high
taxes, while upon the other hand
they are abused and villified for re-
fusing to condemn and pay for use-
less streets, to make expensive i'm
and to pay every whim-
steal claim for damages that the in
genuity of some Of the citizens can
couture mp
1t is to be hoped that the good
citizens who care for the welfare OF
the town will give their assistance
and cooperation to the authorities in
their efforts 10 bring the town out of
its present embarrassed condition,
rather than to he studying every i'm
pediment to throw in their way.
Respectfully,
WIN. @. TAYLOR,
Treasurer of the Corporation.
See advertisement of House and Lot