The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1877-01-10
The Houses Meet IL Joint COnyen-
tiOn to Listen to Executive
ElOquence.
The Governor Addresses His Final Mes
sage to the Legislature.
An Exhaustive Review Of State Matters and a
Brief Reference to National Affairs.

At II o'clock yesterday morning the two
houses of the legislature met in joint session
In the hall of the house OF representatives.
The room was crowded with spectators, many
ladies being present. Governor Williams oc-
cupied seat at the speakers desk. Governor
Hendricks was escorted TO the hail by the
committee appointed for the purpose, and
read his message as follows;
Gentlemen of the Senate and House of Repre-
sentatives:
In this communication wish 10 put you i'm
possession, as fully and clearly as i can, OF the
present financial condition OF the state, and OF
the management of the state institutions, and
of the several state offices during the past two
years. For detailed information, must refer
YOU TO the several reports herewith submitted.
STATE REVENUES.
The assessed value of the taxable lands and
improvements in the state I'm 1875 was S62l 49,
g73; of railroads, SSS 436 gl9; of other corpora
lions, si,045.503; of telegraph companies, Sl7S,-
AL. and Of personal property, s2sS667, a. maxi
ing total of the taxable property of the state,
SS7 73g, 7S3. This shows adecreaSe In value OF
made in 1875 will remain unchanged for five
years, under the act of February H. 1870. The
property made in 1876 shows n decrease since
1S75.Thc returns made in 1875 show two hundred
and eighty-two thousand three hundred and
ninety-one persons in the state who are subject
toa personal or poll tax of fifty centSeac The
ass @ nd no, Of properly amounting to SsS
our i'm pCrtant sources OF revenue.
ACCEPTS AND EXPENDITURE.
There in the treasury, October 81, 1874,
$24, 2O3.7S. During the year ending October 81,
1875, there was received for state purposes as
revenue 81 ,39302y.S. uring the year ending
October 81, 1876, there was received for state
purposes 81 III ,67S.73. During the same years,
lent institutions S3}i,Ol255. This sum was
realized from the labor OF the inmates and
from individuals and counties pursuant to
law. The payments from the treasury during
the two years ending October 81, 1876, for reve-
nue. refunded, for ordinary expenditures and
tiOns amounted 10 S2,fS,7lS.25. During the
same two years, pursuant to the act of Decem-
Der u, 1872, sixty-hve bonds with their cou-
pOns have been surrendered and paid,
amounting 10 s73,679.00. Twenty-Five are yet
outstanding, some not having become due and
io6 snna FS5 ana more
pOnS, which have been paid, refer you TO
the detailed lists thereof, which accompany
the reports of the auditor of state for 1875 and
1876. For statement of the receipts and ex-
pendituTes on account of the several trust
funds, / refer you to the same reports.
STATE DEBT.
The state is indebted as follows:
Five per cent. certificates, state
Two and one-haT per cent. certiG. '''V'
Gates, state stock 1926 Is
Six per cent. war loan bonds, due
ISL $4,000 %
ls13......... .........- 5000 90
The accumulated interest upon
the twenty-nine old bonds should be
added, but have no means of accu-
rately ascertaining the amount.
The sum will not be large.
Seven per cent. temporary loan
bonds due April l, ls7S............... 200 1000 90
The temporary loans at seven and
eight per cent made under the act
of March 10, 1873, which became due
April 26, 1876, and December l, 1876,
amounting to $4,000 have been dis
charged, and six per cent. bonds in
lieu thereof have been issued under
AUTHORITY Of the act of March u, 1875,
as follows:
Six per cent. temporary
loan bonds due April /,
ls79............. 600 GOO
Six per cent temporary
loan bonds due Decem-
Der /, lS79...............-......... 10000 90