The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1876-09-12

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stature Of my State in addition To ON,
public free schools, established by law d
College for the coloreL youth of tn,
state and appropriated thousands o.
dollars for It's perpetual endowment.
HOMESTEAD EXEMPTIONS
| The Constitution now IN force exempt,
from forced sale a homestead in In,
country Of 200 acres, with all its i'm
proyements, and a homestead in cities
md towns not exceeding in value five
thousand dollars, ut time so designated
There is also clause eyempting cur.
rent wages from OBSERVATION-DISCLOSURES.
'ntlng IN this respect wages to property
Thus the wages of the landless aborcr.
living by the sweat of his brow, and
the homestead of the family, around
which wIdowhood and orphanage cling
in misfortune, are forever exempt from
iohtby the humane declaration OF or
ganic law.
PUBLIC DEBT AND TAN LIMITATIONS
1t may he asked itall the advantage,
that Texas offers in cheap lands, variety
# product, health, comfort, and law
abiding people, are not countcrbnlaucrd
10y heavy taxes. The bonded debt OF
Texas is 81 26i7l7 The taxable prop
erty OF the state in September 1873.
was S2I5 100000. To-day il is officially
estimated ut SSOO,OOO,0OO 4 tax Of less
than onc-and-a-halr per cent. if levied
and collected on this property would
eNtlngulsh at once the entire debt of
the State. Her credit once tottering
now stands erect, the peer Of any other
State. The accruing interest ON her
dent Is PAD promptly at her treasury,
ana her bonds sought eagerly at home
and abroad. With the increase of our
taxable values, the fabulous growth Of
our population, with a rigid assessment
and collection OF the taxes, forcing the
necessary expenditures of the govern
meht and the revenues to cancel each
other guarding against all deficits
leNaS may soon discharge every dollar
that She owes in less than the next dc.
cade OF her history
Our constitution provides that 9TH,
state tax on property exclusive of the
tax necessary 10 pay the public debt
snail never exceed fifty cents on one
! hundred dollars valuation, and that no
CITY, county or town shall levy more
than onc-half of said State tax. Thu,
for the future the State and county tax
shall never exceed seveuty.fye cents ON
the hundred dollars. This wise pro-
vision restuin- the State and county
nom imposing upon themselves and
their PoStcrlty, great public debts.
crushing and to crush the industries
and prosperity Of generations to follow
after us,
WEALTH NNn rorulArION
We have, sir, to-day, after SO richly
cnduwing our schools, universities, In
ternaI Improvements, and public chart.
ties and asyhIms, we still have left uu-
Appropriated 100000 acres of public
lands We are yet, too, only in the
earl manhood OF our life; yet we feel,
MIR. President IN recounting what we
have in present wealth and power, your
ownpride and love for the Republic, ny
wei as our own, will be gratihed
fOur taxable property was in 1850
Sl 100000; in 1860, S29i 100000; in
1870 Sl74,SlS,9S6 in 1875 $275 900, 600
in 1876, 300OO0OOO.
From cotton crop not exceeding
$4,000 bales thirty years ago, Texas has
become this day the largest cotton pro.
ducing State in the Union, reaching
100000 bales, Her annual exports OF
cattle are estimated at six millions
CSC, 200 0OOO wool ~ 100000; hides,
81 500, 600; beef in barrels, 81 100000,
and fruits and other exports Mt 5000.
600 The table | now read, Mr.. Presi.
dent, carefully collected from official
data shows what may be regarded nv Il
startling discovery by our sister States
of the Union. That discovery, if you
please, shows Texas to be the largest
producer of the great staple in the
United States. These are the figures
full of hope and meaning to my Stat,
and to the Union