Osage Valley banner. (Tuscumbia, Miller County, Mo.) 1879-1881, 1879-05-01
SPECIAL HESsAGE.
REVENUE BONDS.


which we're issued 10 pursuance OF law en-
acted by the last Legislature, Shortly after
my inauguration, discovered lsrge iabili.
I ties had been incurred during the preceding
two years. in exeesS of appropriations made
Tor that purpose. These liabilities had not
been improperly incurred, and no doubt
would bsve been paid II the money Rppropri.
atsd for such objects had not been already
lsryhapated. To provide for tho payment OF
money fef the dessshcFst n ~ ssss ssss
tions for tho years 1873 and 1915 y was pAss-
cd, and the sum OF SEQ 667 SO, was appro-
! prlnted for That phrpOab Ia consequence
Of these and other existing lisbilhies the
loan for S250,0t0 was authorized. A large
sum would then have been asked for, bat
/ tor the constitutional pre- hibitiop. These
bonds are payable out Of the revenue iund,
and there 10 not, and will not be, money In
the Treasury wherewith TO pay them.
therefore recommend provision be immedi-
ately made for the issue II $3.50 900 coupon
bonds, due and payable within two years
from their date, with interest at the ratio OF
per cent, per aunum, payable semianpus.
| IT,, and that the said bob0s OF their proceeds
] be exchanged for ihe outstanding revenue
bonds, aud that S250.0o0 be appropriated for
that pufposp.
sTA.E TREASURER
BY an bct Of the Legislature, approved on
| the 10Th March last, provision was rnsde that
The treasurer should, within thirty davs
from that date, give q new bond, with suhl
Client snreties, or vscste his offico. That act
provided the bond should be for $500 coo
whilst tho sw which WAS Ia force when he
6fst entered on the discharge 0i b duties as
Treasurer required bond for 81, ,COO. 600.
The number OF sureties-uot less than ten
I Is prescti tibed by the itrm' ard present lsws.
,Oa Saturday evening, the l2Ih inst, the
Treasurer presented 10 me bis bond for ap-
proysl. There were twelve suretles on his
burds and each hss justified, Ia lhe manner
required by INV, 'that he waR worth the
.monnt Get opposite his name, sitter tho pay
mert of all ueb's for which be is in any wise
bound or liable" WIKI some OF the sureties
had no personal acquaintance, nor bad
any personal knowledge ot the properly they
! owned, its nature, where situated, or their
liabilities. Nor does the law provide any
means whereby the Governor eau lnyesti.
gate such mstters. II the bond had not been
| approved on or before the llth itst., the
uifl,e Of Treasurer, by the terms of the Law.
would have become vacant One or Two OF
the sureties iusnh, d in this city. The sure.
| ties swOre thpv Were worth sums which
iaggrsgsteed $6l5,o01 or $4,000 IN excess
.1.nsaf.ns.sae red sbY tRe laws Upon
the evidence presented TO ne, which was
their own afidsvits, pronounced the sure
| ties good aud sufficient. Ispprcved OF the
bond on Monday, the nth inst, and IL 10 on
| tils Ia the ofice OF the Secretary Of State.
II IL necessary to reduce the expenditures
Of the State, or 10 increase tE revenue or to
do both, The revenue is not gu. to 10
defrav the expenses OF the State government,
liquIdate its Indebtedness, payab ctr m the
Tho revenue fund, and TO provide tor such
casualties as msy occur The rebuilding of
the LunAtic Asyum il required by Justice
and hGmanity. The outstanding revenue
bonds should not be renewed alter this year
II the LEGISLATURE should levy poll tsI, il
eau be collected ibis year, and enSble por-
ton Of these bonds 10 be paid before the ex.
piration OF Two years, and enable work TO be
commenced on the ssylum this year, and,
if NOS completed lhis year, 20 hs completed
al an early period next year. There will be
greater delibqueecies In the collection OF the
poll tax than IN the collection of tax on
property, and This delinquency should be
considered. II the Legislature will impose n
poll-tsx Of one dollar OF every male porson
of the sge of twenty zone and upwards. the
regNnue bonds can be liqoi1sted within the
insuing two years, and the treasury be re-
lievsd of It's other embarrassment.
The treasurer, in bic BIZ nnIal report, stat.
cd there was balance in the treasury an The
1rN VI UduuhF1 ihNhy W NNt 7pO o..
Toe only sums RvailsbIe Al that date were
the deposit in the Back of Fommerce-Sl22.-
303 I--and the currency in vaulL--$2 ,i97 so
-m4kifg & Si24 500 81.
Since the Treasurer has given new bond.
settIement should be mSde between the
Treasurer and the State. Difficulties may
arise which can now be avoided. The sure
ties OF the bond Hrst given by the Treasurer
are liable for any delinquency, neglect or
sff fba g,lt
prior 10 The approval Of tie new bond, and
Il the money Tor which tho Treasurer is nc.
countable shall not be adjusted and pad TO
the STATE, ! advise authority be given that q
suit be commenced, on tbat bond, agalns, the
Trea-urer and 81 bic fureties. But whether
this shall be done or NOT, II is proper the
suretles on the new bond shsll know Tor
what sums OF money they arc responiible,
an5 therefore Justice requires that this set.
tlemeDt shall be speedily made. The mat
ter rests with yoa TO have this settlement
made, as does also tho authority to COM
menee suit agaipst the treasurer on his bond.
have DO Authority IN the promises. nor has
any other executive officer such authority.
SWAMI LASDs.
The State has received from time 10 time,
and probably will raceiYe money on account
OF the sale, by the Government OF the United
Slaiet, OF lands which bad been duly and
properly selected as swamp land.
/ recommend the sum OF S20,000 or 90
much thereof as may be necessary, 30 APP
propriAied for the purpose OF paying 10 the
counties entitled thereto such eums OF money
AS may be psid into the State Treasury by
the GOVERNMENT OF the United States as
indemnify for swsmp land sold by the
Unlted States. also sdvise this AppTopra
lion be made aya,lAble Immediately, as there
is some money which can DO paid now 10
some counties.
CRIMINAL costs.
! hope the. Legislature viii not adjourn