The Russellville Democrat., 1877-01-18

from the recommendation Of the
 Land Commissionef as to selling
 school lands and real estate bank
 lands for cash.
 Speaking of the subject of i'm migration the Governor says he i believes that the state is now i able to move energetically in this cause; and he submits to the Judgment of the General Assem-
 ply whether q bureau for this pur. pose shall be organized in connec-
 tion wlih an agricultural, mining
 and manufacturing bureau as con.
 tempiated by article 10 of tGe Constitution, as heretofore sug gested by him, or whether it shall be an adjunct to the Land l Office.
 In regard to educational mat ter3 tue Governor says: "Fhe views 1 entertained and express ed on thls subject in the canvass of 1874, havr not been weakered
 in the least, but all subsequent reflection on the subject has strengthened me in them, and I ardently hope that the legislature
 will exert itself in every possible way to aid, foster and build up permanently, "A general, suitable and efficient system of free schools
 The governor repeats the same recommendations made hy him to the adjourned session of the last Legislature, wherein Ire advised d change of the law in regard to the publication of legal notices.
 The state finances receive due notice, and the discussion Of the same occupies considerable DOT tion of the Governors message. On this subject he says:
 "From the estimate hat have been made, it will appear that it will require the taxes of belweer two and three more years to retire the outstanding Treasurers War rants, provided the present rate of taxation is continued. and Chat no further issue of eaid warrants is made. 1t is the deliberate opinion of the Board (thv board of final ce, of which the Governor is ouc) that it will be better for the State to contiune the policy that has been pursued since ila organization, of borrowing money tG pay cUrrrnt expenses until ali the outstanding Trcasurcr's war rants are taken up and cancelled, rather than to renew the system of issuing more warrants and thus bringing about a further and constantly increasing drprccia- tion of such paFc". The result of that depreciation would be, that cur public institutions of charity would perish for want of support; official salaries would be reduced so low that good men of fair abilities would be compriied to decline the public service. and the State would have to pay en hancca prices for everNth;uepur chased by it. In the cpd thr S,8tc would have to adopt, under a1c meutcd dilicpltieS, the same poji CE which is now being success fully acted upon; or otherwise the State Government wouid he come so cloIged with irrcdcpma able and uncurrcnt paper as To render all it's operations difficult if not hopclossIy impracticahic. 1 The board has every reason to believe that the six percent bonds of the State could br di~pQ9ad ot at as much as seventy five cents on the dollar, but it may easily he shown that su'h q mrthnl of raising money k far le, s ronom ical than that of yearly loaus ut rate of interest even mu h higher than that paid for the loan ucao- tiatel in IS75. Thrre will be no for continuing these leans heyond the neNt two years
 Further on the Goyernsr says: '.In regard the settlement of the :. mass of the debt of the state, the /. Board, after the most thorough ! consideration that ttey have been ! competent to give the subject, are . of the opinion that no liaal action should he taken at this time"
 The board expresses hopeful feelings as to the general result, and says that, "wiCh the undeyel- 1 oped resources of om state, and { the advantages of free govern | mcut, we canuot doubt but thatI in a few wears her finances will be in satisfactory condition, and that no stain will rest upon her honor"
 Many other points of intores, are t0urhed ubOn bv tbp Governor