New-York tribune., 1879-01-15
AN ABSTRACT OF TIE MESSAGE.
nm. g-r,.r,'- rrN,NCtAT CoNpIIIoN
THE STATES FINANCIAL CONDITION.
Cnrnrnnr Mcclellan savs: The finanCi

Governor Mcclellan says: The hnanclal
condition OF the State most satisfactory. You VIII Oh
serve that the Indebtedness " the State has been ne
creased within the wear by 100000, and that 40 all tenn
porary loans and unpaid balances OF former appro-
prlaors nave been discharged. the existing debt con
sl,ts solely OF tie outstanding bonds 0l Ae war ioa'
aud .ow amounts 10 $2l9G3O0.
As the sinking fund now reaches the sum OF 81 i5s
$50 ST. and 800 900 OF the principal rs paid on each
year. ihs debt may bp regarded as "a SIN ii ana tenn
porary burden Under the OF the last session re-
ouirng the sinking fund 10 provide here
after for the accrung interest, and Tor $1,000"
o. the annually maturing principal, the state
fund i'm otner words the state taxation, is mater ais
relieved and Will Drnceforth furnish only $4,000 each
year In the course II few years, should nothing oc-
cur 10 interrupt the natural working OF the sysieIn the
State fund eau be still further relieved, ana no long te
will eapse before the shaking fund will furnish all he
means Qurcd TO meet the principal ana interest o the
debt.
While the receipts from taxes have fallen Of some
S 900 and those peculiar TO year nearly $4,000.
m, rrcc,ps from iucuru c. from taxes on corpora
tons interest and dividends, state Prison receipts
fines licenses, etc.--iayc increased some $sl,ooO,
50 that the total receipts eXceei those Of thc
last year by about 10000. On the other
naud III consodueuce Of the care exercised bY TIE
asi Legislature IN regard 10 appropriateness ana from
other causes the cXnendlturcs proper To me year were
nearly 400 900 less than those OF the prece ling ear
o tI,t il bn- been pos Ic tu pay on Al tn floating
debt and enter the new year with a credit BALANCE OF
nearly rl2OOOO. ,
Ii nonng IN occuIs and no Iarse unr Xpeced
aluIopiia lon- are made, more than proDaDr thal
n thcr reduction Will be practicable anu proper III
another year.
Remembering that the state proper now calls for
81 on every 81 900 OF Yauat on Hnl that, Inc rcuuc-
ion recommended Is ", IL VIII call for onlN % cents
on eicn ~ 900 ot Vaiudlun uld AK tht iiApAtIs
of tht Stale 10 tucir TAX blilS ana utleIhHc
for themselves much ore thcy pay Ter c"uhp'
ship and municipal purposes than Tor the expenses
Of the sac. In making this cOmpari'"n It must be re-
mem bcrcd hat the state school tax ~ = mIiS upon
the dollar or ~ each thousand o valudu0h rtthfh'
directly the people in The form OF 70 rata d'tl '-
tiou t0 the public schools O the various stct" 20 t
1.-The state schoO taX-has really bOilng Whatever tp
go with the expenditures Ot th" state Government ana
should be separated from the state TAX proper III Hdh-
Iug the comparison referred 10.
iHE DkBrS OF CIIRS AND TOWNS.
Governor Mcclellan calls attention 10 the heaYy
burdens OF some OF the cities and towns. He says
While IL Is Il source Of cong auauOn that we can re-
duce the state Onchalf. would impress upon Yoh
Al through CiilZrNs or me STATE now
small a portion ~ forms OF the entire taxation.
Ia order bring out this contrast more fOIclDy,
present the following tabular SidcWent- uDtahtd rom
oicdi sources which may he regarded AZ authentic
.S far Is they 20: