The Centre reporter. [volume] (Centre Hall, Pa.) 1871-1940, 1877-01-11


At Che yvAr ot S99i. .2D1, agd q balance at
.hc close SgN}g, In other words the
receipts came within SS2io vt myvtiug
lhC expenditures, The State deb, WAS
rcduccd during the year S2'ilSh ltaN~f
m- an outstanding debt ut S-2".S"au
ur dyluy,iug the sinking funds assrt-
amounting 60 Spo5LSlo "a total iudyh,-
y1uya unproyidcd turutSlaH2lu3n
lu lhc next lyc yvaIs. commencing lui
Evnroarv lS.s, thc Governor say about
twelve millions ui the State .uau- tel
come payable, On this sulv,, lhv
Governor says:
rousy the same would take an au-'
unal payment ut nearly tNo and q half.
millions uf dollars. This ls uy, puc.l,H-.
. bcu.g desirable !, therefore, J,c.m-
mend 1aAl q new iryu lc authorized. ut.
Ii r.ly ul Interest uut exceeding u,y FvI
.yaraw ycayymauiy lu nNyvu Nv-Is aE,
. p ,ah.r ln thirty years. lar SUCH au.auHT
rs taaN b., deemed lu exec, o. "a reason
.H5s reduction ut the public debt Ion
/ ..c ayNt dVvNrars. A ueW live pyg yva
. ,um iuau would ba taken promptly ID Z.
premium and \ large amount ut interest
saved The drslrblilty II su,h invest
|w.u. may enable Tho laau Go be rla,yl.
|aI even % lower rate of interest The
Iuau> ui the STATE would chem Successive
/ |Iy bc.omr payable during yae uvN, dir
I .s wears. and the Sinking Fund tomlulS-
-.uagr guu.a always redeem, annually.
I ,hg @m0Gut required 10y the ton,tl.u-.
I ayu, cog more. 30 necessary, at paI AHo.
would uJ, bee iorc,d 90 SO into the mar
I att and purchase atH premium,
The estimated receipts ut iAc sinking
aul during ;ht year 1857 show lha,
lover q million and half dollars Nlll hy
applicable tuy the redemption ~ The
public deb, during The lsc.l year.
FALLING oFF IN EEyENyEs.
| The revenues of the State lglnemalE.
.y derived from the profits of corpora
| gaus and business il is estimated thy
receipts Of the general fund log the cur
Trent fiscal wear will E,ll below those ui
/ ltst year S.>1.5pl The Governor us..-
mates THAI there can bc a reduction I'M
/ Expenditures 90 $4,000, leaving $3.50
I SOD % bc provided for As 10 how tAl,
! lvlsicu,y can be made up tae ENvsH-
/ Tive Says.
/ The drdriyncy can probably be sup
rLyi without additional taxation. bN
| ~.ryug,hiug the hands OF the financial
IuIlcyrs ofGht State and a rigorous yu~
/ If.g,gmuut Of the tax laws The present
system gt assessment and collection 81
mercantile and tavern licenses is CNpen-
I ~tyc and inefficient Sometimes there
iarc u1 assessments, and when assess
wcu.s are made there are no collections
+ and when collections are made the
money is slow In reaching the Treasury.
! The whole subject Of mercantile and
/ tavern licenses, in the manner Otlssvss-
meme, collection and publication ought
. o. hc revised. By avoiding unnecessary
expense and making the officers uf the
I state responsible for the execution of
I Itat law. through their own appointed
agents. the returns from .h., source mas
be largely Increased. With this tu,rra.-
/ ul revenue. / feel satisfied the general
cNucusvs OF the Government can by met
without rvscrtiug 20 additional taxa
ton.
+ The Governor advises q revision ufthe
tax laws, 50 that the stock %! all corpora
tons rayiu. less thar six per cent. shall
J ne appraised instead Of taxing their
/ dividends lie also Aygrs reduction
. 3D.. lAe lax ua the capital s,utA ut l.vs-
f drul paving railroad corporation, and
. tAc imposition ul grus, receipt tax
c4Ga. 90 such reduction. on ,a.s point.
Ac says:
some og The wealgA.gr railroad enter
prise. Of thc State are now paving l,ilc
er uo dividends and therefore very I.t.
DO tax for thc large amogn, of property
represented The uou-pToGuy,lyc, as
well rs the productive, property %! uil~
y.iuals is equally assessed loo proportion
q. p g
toApply the same rule S.r.,tlylo railroad
property on account of its great alvan-
ilecs and benefits % the pubhc yet be-
lieyc the mode OF assessments should he
30 changed rs not 10 give Improbable
railroad property almost total exemption
from taxation,
The tax on railroad corporations uow
amounts % Giuc-tcnlhs Of one mill FOR
each one per Ceutum OF dividends de
c,arcd The Governor would reduce
this tax 90 tiyc-tcnihs Of mill.
rLpES TO uErIEED oUrog rivE. ANu a
NEw ELECTION TO HE HrIp.
Washington special 10 New York TE
bgnc:
Just ROW the rvoritc solution of the
Presidential complication i- O. hold "a.
new election next ftli, and 90 allow the
President ufthc Senate. vhoeyerhc may
hc after ,hc i.h Of March. to administer
the Office and interim. This is 20 be
brought about, according to the gossip
ofthc Iobbies and cloak rooms ~ the
Capitol, by the Democrats iu the senate
debating the questions arising in the
progress Of the count until the clock
strikes the hour of noon on March >.
when IL is claimed the whole operation
of counting the votes necessarily ceases.
Then the Senate is 90 proceed at once -
wear in its new members and elect
presiding officer By the time this is 1c-
cumpiishcd message viii by received
from the Secretary Of State announcing
hat there is vacancy in the office Of
President OF the United States The
nowly-cIectcd President Of the Senate
will take the oath of Office before the
Chief Justice, who will Of course hc ia
waiting with his gown on. and be will
then jump into carriage; drive To the
White House and set the wheels O.! gov
crumcut in motion.