The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-03-08
THE NEW DEPARTURE.

Its work appear. A tax OF one hundred
and fifty cents on the dollar of the grand
list looks like large sum-it is large
sum, but, after all, the raising of it was the
wlsest OF economy. Look at it moment.
The auditors state the liabilities for the cur
rent year-including town bonds due and
to become due, interest coupons thereon,
interest on surplus fund, outstanding orders
of selectmen and overseer Of the poor with
interest thereon, and amount estimated for
the support of the poor, highways and
bridges, and ordinary expenses-st $780,
421. SO. This amount is reduced by assets,
consisting of cash in the hands of the
treasurer, notes held by the town, and
amount due on tax bills-$9, 270, 23-mak-
ing the balance to be provided for this
year, $40, 15l 10. This amount is still fur
ther to be reduced, by deducting from the
amount of outstanding orders $4,000 90,
represented by an order given to Gideon
Fem, on account of the purchase of the
now town farm, and not payable until
January /, 1872 so that the actual amount
to be provided for this year is about sixty
seven thousand dollars.
A tax of one hundred and fifty cents on
the dollar will net, providing the grand list
remains the same as at present, sixty-six
thousand dollars, or within one thousand
dollars of the sum the town was called up
on to provide for. In arriving at the
amount to be provided for, the auditors es-
tmated the ordinary expenses of the town
at thirty-five hundred dollars, or some
thirteen hundred dollars more than they
were last year and those for the support
Of the poor at six thousand dollars, being
the average expenses for the past six years;
and these are rather over estimates than
under estimates so that with due care and
ecsnomy on the part of the selectmen and
overseer of the poor, this tax of one hun
dred and fifty cents will pay off all of the
outstanding orders which are due, and the
interest thereon, some twenty thousand dol
lars of our funded debt, and nearly the en-
tire current expenses, including the un-
reported orders of the last overseer of the
poor. The result will be that we will start
the new year with only some two or three
thousand dollars of accrued Indebtedness.
The town will then owe only some ninety
seven thousand dollars-or, deducting the
twenty thousand dollars of surplus fund
borrowed the principal of which is never
to be paid, seventy-seven thousand dollars.
OF this amount Ave or six thousand dollars
will be represented by outstanding town
orders, two thousand or three thousand
dollars of which will be due Immediately
and three thousand dollars-the order to
Gideon Fenn-due January /, 1879 The
remainder of the debt will be pa, able in
inst ii IN tents of ten thousand dollars each
on the first days OF July, 1878, 1870, 1880,
1881, 1882, 1888 and 1884. and fuu her
installment of fifteen hundred dollars in the
latter year.
II then the affairs Of the town are man.
aged during the coming year with that care,
prudence and economy, which every one
expects-and of which the character of
the officers elected is sure gusranty-the
auditors report will show, at the close of
the year, about the foil wing amounts to
be raised for the year 1878:
BoLds due July /, lS7s............. $4,000
coupons thereon. ......"........... 200
Outstanding orders. 8 900
Interest on surplus fund. 1874
Current expenses ESTIMATED at
same as this year,. 1850
$31, 9S4
Thus we will have In round numbers
the sum of thirty-two thousand dollars tC
raise by tax, or otherwise, to carry III
through the year 1878, pay the current ex
penses, the bonded debt becoming due, in
terest thereon, and all arrearages of every
kind. With the grand list, as it now is, q
tax of seventy-five cents on the dollar will
net thirty-three thousand dollars, which
will meet all these estimates and leave 6
thousand dollars with which to pay any OF
ders of DR.. Cochran, for the past year, IL
excess of the two thousand ldollsrs which
we have already allowed TO meet his unre
ported orders.
In, 1879, we should start out with som,
six thousand dollars less to raise, which
would require tax of only sixty cents Of
the dollar; and this sum would gradually
LESSEN each year, as the interest on tn,
debt ceased, the town farm become more
and more productive, ETC., ETC., until by
1888, the town would only require tax Of
some twenty-five or thirty cents on the dol
lar II the ordinary expenses of the towI
should increase with the growth of thu
town, the grand list would increase in lik,
proportion, 80 that the taxes would no
necessarily increase. SO that with tn,
large tax this year, and with care, ecouo
my and prudence in the management Of
town affairs, the day of small taxes and NJ
Indebtedness is fairly within sight-and WI
trust that there will be no backward step
In the matter.
And this policy was inaugurated by thu
solid men of Rutland, the men of characte
and standing, men whose interests ar,
identified with those of Rutland, the pro
perty owners, the men who pay the taxes
and those who believe that the affairs OF
the town should be managed with the sam
care, wisdom, economy and prudence will
which they would manage their own at
fairs. 1t was opposed, with very rare ex
cep Ions, by those who care not how ex
travaganlly the affairs of the town ar
mana ed, by men who showed their dlG