Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-02-26
NASHVILLE.
Proceedings OF The Ie sislature Yestgr-
day-Treasurer MOrrOW's Esti-
mate for 1875 and 1876.

Special to the Appeal
NASHVILLE, February 25-In the
senate Senator Mosely offered joint
resolution to appoint committee to
prepare draft OF the most important
measures now before the legislature, so
that some may be perfected before ad-
journment. Rejected. The senate bill
creating the county of Wisdom passed
its second reading. Senate bills on
third reading, fixing the compensation
OF the encouragement at two thousand
dollars, rejected: to protect married
women in the possession Of personally,
passed.
In the house a petition from q grange
in Giles county praying for the abolish
ment of the office of State superin-
tendent of public instruction. By Mr..
Cummins, a bill dispensing with the
bureau of agriculture, and the substitu-
ton Of the bureau Of agriculture statis-
tics and mines; by Mr.. Pollard, bill
to allow Houston county to issue bonds
to the amount Of ten thousand dollars
to procure supplies for her citizens; by
Mr.. Cooper, a bill to extend the time OF
the payment Of the taxes Of 1874 until
November, 1875; by Mr.. West, q bill
allowing any county in the State to
issue bonds or borrow money t. furnish
supplies for said county. Mathes, Orr
and Taylor were appointed on joint
committee to investigate the Bank Of
Tennessee. The senate amendment to
the bill allowing additional justices of
the peace of Chattanooga and other in
corporated towns, was cOncurred in.
The bill repeating the conventional in
terest law passed its third reading by a
vote of forty-two to twenty-seven. The
present indications are that it will pass
the senate. The house revenue bill
making county trustees revenue col
lectors, passed third reading.
ESTIMATES BY TREASURER MORROW.
To the Thirty Ninth General Assembly of
Tennessee:
The treasurer, in response to requests
of your honorable body, herewith SUP
mits his estimates Of current annual eX-
penses, and rate of taxation necessary
to meet the same. 1t is not claimed
that the estimates are absolutely cor
rect, but they are as much so as five
years experience in the affairs of this
Office, and desire to aid your honorable
members in arriving at the facts, enable
me to present. Now that the facts are
before you, if errors exist it will be easy
ucltCL Wncu buuJcClCu W al
itemized examination. Very respectful
ly, W. MORROW,
State Treasurer.
LIABILITIES.
Whole number OF bonds registered
and funded to December 20, 1874
(see T.. l33 compJroller's report)-....S23 400
Old East Tennessee University bonds $4,000
s28,S52, 400
Bonds TO be registered and funded
Up. l35 comptToIler's report) )-......... 10000
s25,9S2, 400
Deduct 81 bonds paid in.......S944,OO0
Deduct purch 'se money M'M.
and Man. railroad. ............-. $4,000
Deduct purc'se money Tenn,
and Pacific railroad..-........ 10000
Deduct coupons on above. 72,OOO-S lySlb,OUO
Total bonded debt when funded
and registered S24 666 400
OF above, solvent roads should pay
interest 6fZSf ,S5o
Leaving for the state TO pay on. 81 37S 44
Add school fund per cent. certificate 25l2,5GO
Total interest-beariDg debt on
which the state Is 10 pay -4.........S p oSJ,SU4
The above estimate goes on the assumption
that all OF the g, 10000 reported as not hav-
ing been presented for funding or for regis
tTation, will be presented as soon as the pay
ment Of interest becomes fixed fact for the
future. Should only a portion of them be
funded and registered, then corresponding
reduction can be made in the amount of In
terest TO be raised; but each day brings more
or less OF THESE bonds for registration and
funding.
ESTIMATE OF EXPENDITURE
Interest on sl5s9O,904 IA part at per