Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1879-01-15
s7,s7s,4e4si

Total... s7,675,464.s
Out of this during the same period
has been paid s6,653, ,9335s, inclad-
ing 81, ,06s, l0345 for loans redeemed
There was in the Treasury on Decem-
Der l, 1878, 1927, ,53l 20, all but $780,.
4s6,3S of which belonged to special ac'
counts The fifty thousand in the gen
eral account has since been reduced
The public debt on December /,
1873, was s2l $50, 200, having been re-
duced during the fiscal year to the OK.
tent of 81 ,O68 19345. To Offset this
are. the assets of the sinking fund,
amounting to ss,50i ,s96s6.
Treasurer Noyes makes some inter
csting explanations to show how the
revenue has fallen short. He says:
A large number Of counties in the State have
contested tbc authority Of the Board Of Revenue
Commissioner, under act approved May 70, rs,
| to change the amounts of tax on personal prop
erty as returned by the Com mmissioners Of the sew
ernl counties. and have 50 far been successful
This will materially decrease the amount Of rev
enue that would otherwise have been received
from that source. This question should, by prop
er legislation, be settled, for as the Law now
stands the burden Of taxation Ia unequally borne.
The question Of the payment Of license taxes by
the county Of Allegheny Ia still pending 10 the
Supreme Court. There has been paid during the
present year, claims on account Of the riots Of
July, 1877, S5si,sll,63, and l am informed by
the Adjutant General that the claims have al
most all been settled and paid. The receipts Of
the Treasury for the year have fallen siSg $50 oS
below the estimate Of my predecessor in Office,
aud the expenditures have exceeded the estimate
S2ei, ,9ssss.
The appropriations statement is u
particularly interesting one. For what
is called the appropriation year, from
June ], 1873, to May 81, 1879, there
were appropriated by the Legislature
sums aggregatng 95,sll.66, and
there are undetermined appropriations
10 be met within that time estimated
at enough more to bring the whole ac-
count upto 81, 500, 1890. Some $780,
600 of this will go over to future years,
leaving I2,472.6O. OF this, s3,O25,-
1868 has been paid, and s6i4, 900
more is provided for by the revenues OF
the sinking fund, leaving TO be paid
out of the general fund, before the
first OF June, s3,403, ,0O6.27. To meet
this, there was IN the general fund on
December ], $50, O,4s63s, and it is esti.
mated that the general fund receipts
will amount to some 81 1900, 900 by the
end of the appropriation year, which
will leave deficit of sl,752, ,5l9,s9 on
the 3lst of May,.ls79.
The estimated revenue for the fiscal
year ending November 20, 1879, is.
Sinking fund sls55. 900
General fund ..-'.-. S,S95o00
Totai.... $685., coo
The estimated expenditures are di.
vided as follows:
sinking fund ...."".. Sl,65enOO
General 4,O92,0
Total.."., ....."..,........- - ,fS2OeO
II will thus be seen that the csti-
mated ravnnnaA fn- tho oannrai fund
for the fiscal year ending 2Otb Of No
vember, 1879, will fall short of meet.
ing the expenditures s697 1000, if the
appropriations are kept within the es-
Inmates. The estimates Of the sinking
fund expenditures were made with the
expectation that the Legislature would
pass an act dlverting from the sinking
fund to the general fund a part of the
tax on capital stock, as has been found
necessary for several years past.
1t must be apparent to any one that,
with deficit Of scventeen hundred
thousand dollars staring the Treasurer
in the face, for the first of June, and
an excess Of expenditures over receipts
for the fiscal year of nearly seven
hundred thousand dollars, some.
thing will have to be done. Things
cannot go on in that way great
while, but it is a notable fact that no.
body has yet said anything about econ.
omizing. Every ono is looking around
for some new thing to tax. Very few
Of the members have any idea of their
responsibility in this particular; some
Of them don't care and some of them
can't understand the meaning of fig.
nres as plainly given as Blake Walters
has made these.