Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1875-01-14

GOVERNORS MESSAGE.
Delivered to the Legislature
January s, 1875.

Ge1.tSs,e, Of the Senate and House Of Representa-
tires:
During the two years since the last meeting
of the Legislature, the people of Indiana have
been blessed in special degree with general
health and bouniiful harvests, and l again
Invoke the continuance Of kind Providence
over them
REVENUES AND APPROPRIATIONS.
The assessed value of the taxable property
of thu state in 1874 was 595i. which
was an IN rease Of more than 1900, 900, 600 since
1872. That increase in the assessment was
attributable in part to the increase of values
in the State; but it was largely caused by the
operation of the revenue sct passed at the
special session of the last Legisla ure. That
set required that taxable property should be
assessed at its value. estimated at the fair
price it would bring at a fair. voluntary sale"
Prior laws had required assessments to be
made upon cash values, but long admins
trative construction and usage had allowed
much lower Valuation By the exercise OF n
dllgent supervision the Auditor Of State was
sbls TO advance the va.usticn in the spirit
well in accordance with the letter of
the law. Tue app.a sement at the fair yaius
fixes plain rule. which Is easily understood
and wh ca excludes all discretion d sfests ia
yoritism and partially, and prom otts equahty
and justics toward all. The law also CONT
tuted The Governor, Lieutenant G 5vernor.
Secretary Of State, Auditor OF State. and
treasurer Of State a board Of equalization,
with power to assess the property ard s;oek
of corporations, including railcoad companies
With care and great libot the board sought TO
make the valu4 so that the assessments
should lie just to the people and fair toward
the railroads. The action Of the board IN
creased the assessment of railroad property
in the Stste from abous 511 900 o o in 1872 TO
nearly $40 000. 600 In 1874
Tnefe age two hundred ard sixty-fve th Ju-
sand persons III the State who are subject to
n al or mol Ia Of fifty q each The
assessments of property, amounting to nearly
$955, 100 900. and the personal or pol tax, con-
sti.ute our important sources of revenue. In
estimatli what may be realized at any pro-
posed rate Of levy, experience has shown that
u deduction mus be made of twenty per cent.
for delinquenoie5. When you shall have de-
cided VIII II appropriation, of the public MONEYS
you viii make for each of the next two years it
Will be OF easy calcu alton what tax levy nu LIST
bs made to supply the State Treasury. A
low levy must re preceded oy economy in the
appropriations. lbs urge respectfully, but
very earnestly.
Thu appropriations must be sufficient to en-
able each department OF tie State government
to exerc,se It's functions without hindranco or
delay. Thus far there Is no Question or dis
cretion. So, also, the common schools, the
benevolent institutions, and the public safety
must be sufficiently provided for. But the
expenditures for these purposes should be
made with ngid economy and with view to
substantial and permanent benefits. VIII you
allow me to suggest that it would be appreci-
stei by tue people should your reforms COM
mence W tn q reduction in legislative expendi-
lures. l. would be an assurance to them
which wouli promote puolic confidence and
give your proceedings an additional moral
weight. At the session of 1871. the miscel-
laneous expenditures exceeded the pay OF the
memters and at the last special ami regular
sessions that class of expenditures was still
hon 4 "A -
did not exceed the pay of the members, which
had been increased for the regular session.
suggest the propriety of vision of tie act
of Dec. %, 1872, which prescrIbcs the number
and classification of your employees, with a
view to = further reduction.
RECEIPTS AND EXPENDITURES.
There was III the treasury March J.,
loio...... ACKNOWLEDGEMENTS. .$l6y,633 ~
From that day until the close Of the
year ending Oct. 81, 1878, there was
received for State purposes from all
sources .--.-.--------.-... ,l9l IA
during the year ending Oct 81,
1874, there was received tor STATE pur-
poses ACKNOWLEDGEMENTS. 6y3,Uel 81
Daring the Last session OF the Legislature
1t became apparent that the revenue would
De lnsdefuate 10 meet the ordinary expenses
OF the STATE. Provision had also to be made
for the one hundred and nine -y-one old bonds,
Is rec uiTed by the act Of Dec IL 1872 In
that Condition of the finances, tho act O.
-ts-ch ~, 1873. was passed, authorizing tn
Go. ernor, Auditor and Treasurer Of State 10
lake temporary loans 20 meet thu apprOpria-
tons. Pursuant to that act, temporary loans
were made follows:
At per cent, due March IL, 1875 IS 100000 90
Al per cent, due April Is, 1876. 5lU,0VO OO
Az per cent, due I.ec. l. 1876. 200 900 90
Total revenue for >. sse purposes
ceiyed during the two years ending
Oct. -, 1874, including Temporary
loans and the amoGnt in che treasury
-narcn 1, lcso--. 2,4lu,9is OF
Durlnp the IN np-fad NC al
on account OF benevolent institutions, $685.
so46 SO. This sum was realized from the labor
OF the inmates and from individuals and
counties pursuant to law. l
at the close of the year ending Oct 81.
1874, there was In the treasury 92i4, 203. 49,
Inc payments from the treasury during the
two years ending Oct. 81, 1874, for revenue
refunded, for ordinary expenditures. and for
the benevolent institutions. amounted to
S1,544, 2l6.43.
By the act of December II. 1872, the Gov
ernor, AttorDey-General, Secretary OF State.
and treasurer OF Stste were authorized to
take up and redeem" one hundred and nine
ty-one old bonds issued ~ authority of the
State prior to the year 1871, WI CHI had not
Deen surrendered under the adjustment made
oy the State with her creditors. Pursuant to
. that act ninety-seven OF the bonds with their
coupons, nave been SURRENDERED and paid.
amounting to S495 4S7. 90. Nincty-four are
vet outstanding, part not having become
due, and the residue not having been pre-.
sented for payment.
For more particular description of the
bonds and coupons which have been paid, /
refer You 10 the detailed lists thereof winch
accompany the reports of the Auditor of State
Tor the years 1873 AID 1874
FOR statemenE OF the. receipts and expend-
ltures on account OF the college, eaiipe.
bank tax, surplus revenue, and miscellaneous
iunos, refer you to the same reports.
STATE DEBT.
The State is INDEBTED a. fofloys.
Five per cent. csrtidcste, State stock 2G $50 %
Two aud one-laI per cent cert;f-
Gates, state s;o;k ............. 32s, IA
War loan bonds, Fix per cent. :, due
1881 l39 goo 90
Tenp orsry loan made unaer of
March AZ, 1878, which have before
mrnuJned mor5 in de all ......... $4,000 90
Sinety-.our Old bonds required 20 lie
PAID by the act Of Dee. IL, 1872 -. $4,000 O0
A~sei ti.lsx 100 II
The accumulated interested upon the
nInety-four oil bonds should be added, but
have no means of ascerraining the amount,
Dus the same will not be large
The lndzbte mess OF the State to the school
fund il evidenced by five non-negotiable