davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10
Decrease Of valuation of 1878 compared

-
with lS77. Sl'3oi, 10
The state tax for the current fiscal year is $40
Go-0UO mills per chapter $780, Laws of 1885, for gen.
era purposes 53i1000 mills. per chapter $50. Laws
OF 1875 for canals $40 mill per chapter l4o Laws OF
The above tax Of 9-lo mills the present valua-
ton will yield s7.941,2y7 ".
For the ensuing fiscal year recommend the follow
ing rate Of taxation. viz.:-For the general fund,
i2I-10OO mills for schools, 9l31Ov0 mill tor den
cheney in canal debt sinking fund. 3oO-lO0o mill.
Total, 2 1850 mills.
THE GENERAL FUND DEBT.
On the LIST of July. 1875. ss0o.OUO of the general
no general fund debt upon the state, except the
Indian annuities, which amount to $780, u an
1S sbs 81 a. SIX
is s122.694 81 and this is expressed upon the
books OF the department as debt Hasmuch as the
six per cent stocks of the state command premium
In the market of twenty per cent would sug
gcst to you the propricty OF settling this debt with
the Indians ,na By treaty f0r.1 years ago the ge
tion. after so long an existence. makes proper
britt history of its inception. Early IN, the
life of the state the policy was adopted OF
creating FUND. the revenue from which ex-
pected to meet the ordinary expenses of govern
ment. This fund was gathered from the securities
taken for lands Sold the revenues from quit rents.
the stocks received from the general government by
the state on account Of expenditures made In its be-
half aud various other stocks andsecurtics. In the
year 1900 this fund amounted to s3.550OtO. So deep
was the feeling In regard to Its preservation that i'll
that year tax of one mill was levied to meet an I'M
expected emergency which carried the expenditures
beyond Its revenue In 1877 this fund had capital
of $4.3v6,943 "a. and to its revenue was added
the auction and salt duties. OF this capital
$l,50O,000 was used for the payment Of State
debt created before 1926. From 1917 to 1886
the auction and salt duties were diverted
to the Eric and Chanplain canals. Various
appropriationssto the school and literature
funds, and the working of chapter 6 of the laws OF
1882. authorizing the stocks aud bonds and mort
cages belonging TO IL to DO sold exchanged for
cash, the avails to be applied to the ordinary OK
penses of government resulted in the final ex-
oht ,tr.,f ,Pt tn1 Df tha nd
1885. So great was the solcitude of the lawmakers
at that time In regard 10 burdcnng the people with
direct tax that State tax levied between the
years 1896 and 1s42a period of sixteen years. Dur
Ing these years the credit Of the State loaned ~
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10
Review Of New York's Revenues
and Expenditures.
REDUCING THE STATE DEBT,
Increase Of Taxation Recon-
nended for 1879.
TOWN AND COUNTY BURDENS
Facts and Figures Which Pre-
sage Free Canals.

CoMFTRoLLER's OFFICE ALBANY, Jan. ., 1879.
To THE SPEAKER THE ASSEMBLY,
SIR-I have the honor herewith to transmit to the
Legislature my annual report exhibiting the condi-
ton of the finances of this State at the close of the
fiscal year ending September 80. 1878.
Iam respectfully. your obedient servant.
+. p. OLCOTr. Comptroller.
ALBANY, Dec. 81, 1873.
Agrceaby to the statute. which makes it the duty
of the Comptroller to direct the fiscal affairs Of the
State and to place the before the Legislature,
with such suggestions may be pertinent, pointing
to the better administration OF the finances, beg to
hand you the report OF my department for the year
all the accounts kept by the State. with its various
funds. into one condensed statement. which state
RECEIPTS AND PAYMENTS
Aggregate balance in the treasury OF
Aggregate s receipts during the fiscal year
lending September 80, lS7S.. .l2.AO45O VI
Total. SIS 163. 939 %
Deduct payments during the .13.s70.055 %
Balance in the treasury September 80.
The several funds from which these aggregate re-
suits drawn are the canal fund, the free school
fund, the Ellnra Female College educational fund,
the general fund debt sinking fund. the bounty
debt sinking fund. the general fund revenue the
common school fund, the literature fund.- the
United States deposit fund.- the college land scrip
fund, the Cornell endowment fund. ana the MIL
itary record fund.
REVENUES.
The following condensed statement gives the rev.
cnucs and expenditures the last fiscal year. show
ing an apparent deficiency of $sS5s3 3S
Deficiency OF the revenue October l. 1871 1882 1916 16
Amount of warrants drawn on the treas
ury during the year ending September
80, 1878 (see Schedule III. 6,49O,652 81
Amount transferred to the following
funds for interest money in the
treasury during the year. belonging to
said fund, viz. =
School fund ................ STAT ,622 90
Literature fund. 400 OS
United States deposit fund. 12.252 O6
100 $50 II
Total So, 1888 307 "
Amount of receipts into the
treasury during the year
ending September 80, 1878
(see Schedule &c.,. 80, 096, 952 48
Amount transferred from
school fund for bond for
lands. GIG 81
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10

that the reform upon the canals has been real and
the interest of good government. The Importance
of the retention by our State of the trade of the
Western and Northwestern States is too manifest to
need argument In the constantly increasing develop
ment or the agricultural pursuits OF our country and
in the growth of its manufacturing industries there
IL much of encouragement for the future. To these
ariouSintercsts there is no question of more vital
importance than the question OF cheap transporta
ton We arc inclined TO be thankful when
told that the crops large forgetting that the crops
are valueless unless they are marke'aDie. Let US
is cheap. The cotton fields Of the South and the
mines Of Pennsylvania practically valucess when
the machinery and spindes OF the country are still
the machinery and spindles Still when the crops
OF tho West and Northwest rotting in the grana
ries. Transportation is King. Cotton, grain.
ton il the middlcnan between the producer and
the consumer; its tax is barometer marking the
rise and fall OF the nations prosperity The express
sion ..capital versus labor has led many unthink
ing people to believe that there IL war between them
One is dependent upon the other a. animal exist
ence is dependent upon air The rrcprcssble conflict
IL between transportation the hand and capital
aud labor the other. Ii is more profitable to the
transporter to ton of freight certain distance
for certain price than It is for him to move double
the amount the distance ut halt price. The liz
tercst OF the transporter IL to move the minimum
amount for the maximum price. What the coun
try needs for ia prosperity ~ tho reverse OF this
order OF thngs--thc maximum of movement FOR the
minimum OF price. He may be great who makes
two blades OF grass grow where grew before but
far greater will he he who causes 20 be carried two
tons of freight at the cost of one ton before.
mn. oLcv1rs PROPHECY.
In producing country rs vast in extent as ours
the prime necessity for true prosperity Is cheap
transportation. Those who prevent IL enemies
of prosperity and oppose themselves directly ~ the
labor and capital OF the people.
within very short time the four great trunk lines
connecting tho West with the seaboard have taken
united action, which. IL maintained, practically
places them under one management, 80 far ~ the
tax to be levied ON freight and passengers is con-
cerncd. A committee has been appointed "to whom
pll matters in connection with east and west bound
freight and passenger rates shall be referred"
com missioner to whom absolute power is given is
appointed to arrange differences between the COM
mttcc
heart look upon this compact except with the
greatest apprelensions.
The time cannot be far distant when these corpora
tons, with their enormous capital and great load OF
bonded debt, will 50 tax commerce " compel the
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10

building freight road of three feet gauge between
T Chicago and New York. A road OF this ki'it can
probably b. constructed and equipped at much less
cost the amount that Is now extracted annually
from the passenger freight and miscellaneous earn
ngs OF the New York Central road and It's connexions
between the two cities.
In the railroad report for. 1877 their earnings gre
given follows:-
New York Central and Hudson River
road. $26, SO 055 &C
Lake Shore and Michigan Southern
roau io,<i4sa'1 -
Total $50. T93 $50 0a
VALUE OF THE WATER ROUTE.
The water route between. Chicago and New York M.
for outlet for the products of the West for seven
months in the year, which is of incalcn!abe beneht
to commerce and the countrys prosperity. WIRE 1t
not for this water route which is entirely indie
pendent of the railroad lines the between
the East and tine West would be at the mercy OF the
four trunk lines. The following table gives the
average rate of freight by the water route between
Chicago and New York wheat lpcr hushel of sixty
pounds) aud iper bushel OF hftysix pounds for
the years.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10

These hgurcs arc more eloquent than words and
may be safely left to speak for themselves. No
honest and intelligent mind can require any com
ent upon them or desire any return a. the old and
corrupt mctliods. Along with the results thus
lower than ever before KNOWN and u great many
articles have been placed upon the free list
Although In my opinion the requirements of the
constitution rcldcr IT probably dangerous TO attempt
further reduction OF tolls IL Is matter congrotu
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10

Apparent deficiency September 30. 1873. sss5,s3s ss
The foregoing statement presents the account OF
the general fund revenue as it is recorded on the
books Of this Office but owing to balances due from
county reasurcrs ut the close Of the fiscal year. and
payments on account Of the appropriations OF 1873.
included in the tax in ISL. the RI. trent ds
OF the fund at the date Indicated rhe supplementary
statement gives the correct result aud shows sur
plus of 1871 800 81 In my annual report to the
last Legislature the surplus was estimated at
sa754.565 OF. The result is therefore, apparently
$500 600 50 below the estimate; but Ss0OO of the
100000 appropriated in 1878 for the New Capitol is
included in the payments of the last fiscal year. and is
rasy so 'd more favorable than the es
timate.' In other words. if the surplus had
not been reduced for New Capitol purposes 1t would
have amounted the 30th September, 1878, to
So 191 904 81 The is accounted for by the re-
duction of prison expenditures amounting to
800 80 compared with estimates based actual
appropriations and increase OF SOS 93l "a in the
earnings. The balance is made up by receipt OF
Ss2T3s 7s from the United States ON account Of
claims and other miscellaneous receipts in excess OF
estimates, and balances of appropriations covered
into the treasury by the lapse Of time.
DEBT OF THE STATE.
On the 30th September 1877. the total funded debt
was $40. 951 .054 81. classified as follows
General fund. ........................ Sg2osoa o.
Canal. 99oO.S60 w
Bounty Observation-Disclosures. 10000 90
Total. slo,057, o54 81
On the 3oth september 1878, the total funded debt
was 80. 15A,O54 81. classified as follows:-
General fund. ....................... Sl226sA 81
Canal. S,VzOooO w
Bounty ACKNOWLEDGEMENTS. 1000 20
Total. .so,l54, o54 81
The general fund State debt is all paid. and the
item of $12269 81, included above represents the
amount required to yield ut the rate OF six per cent.
the sum necessary to pay the Indian annuites. Inc
balance of $11 900 Of bounty debt for which funds
are provided, had not been presented for redemp-
ton the close of tho fiscal year. balance OF
S1,O1232S Is in the canal sinking fund leaves the
amount Of that debt unprovded for. September 80,
1878, at $S.00s.031 ~.
The State debt the 30th September.
1877. after deductirg the unapplied
balances of the sinking fund, amount
90, iVt,ooo 90
On the 30th September, 1873 Including
$122, 694 S7). S.l3O,S26 I'd
Showing net contributions to the sink
ing rund Of. Observation-Disclosures. s576937 IL
The actual reduction of the debt during
the period by cancellation being II. $685. 900 0O
TAXATION ASSESSMENTS.
The gross valuation of taxable property
in 1865 was .... ...............s1 81, 7GG 0so, 40
The gross valuation in 1878 was. =, 73S 37S 600
Increase in ten years. .............. 1912 49, AGO
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10
Actual surplus September 80. is7s.. sl.s9l.Oo4 81

Actual surplus September 3d. 1s7s... S1391, 004 81
FAVORABLE CONDITION OF THE CANALS.
The Legislature will be gratihed to learn that the
new system Of canal administration has fully met the
most sangune expectations OF its friends. The eff
cheney, economy and integrity OF one responsible
ecutive head have been amply illustrated IN the first
lie Works entered upon the duties of his Office tho
9Th day of February last. BY his prompt and encr-
getc exertions, favored by mild spring. ne able
TO open the principal canals the 18th day of April
and kept them open until the 7th day of December.
During whole period of navigation the canals have
been kept In excellent order and the boatinen have
had very prosperous The total tonnage for
the whole season of navigation amounted to 5,l'OS2
an Increase Of 2l4 $50 tons. At the time there
has been large reduction ia the cost OF maintenance
and operation.
The entire expenses of operating the canals for the
fiscal year ending September 10. 1877, reported by
the Auditor, including salaries of officials and mis-
cellacous expenses chargcable to the of the
canals, amounted to OBSERVATION-DISCLOSURES. 81 500 GS
The corresponding items for the fiscal
year ending September 30. 1875 aggre-
gaze ....................... '",fao W
Showing decrease of................. $40 $40 IL
This saving is the more gratifying since as allows
stated the canals not transferred from the Com
inssionors TO the superintendent until February y
last and tho system had therefore been I'm opcr-
alton less than eight months ut the close OF the fiscal
year. II IL but fair to add that, while the expenses
have thus been decreased more than thirty per cent
the canals have been kept in excellent condition. and
have been open to navigation 237 days during the
season OF 1873 against 214 in 1877 and I'll in 1876
The not revenue for the fiscal year ending Septem-
Der 80 1873. was. $2S,yO2 3S
Net revenue for the fiscal year ending
September 30. 1871. 1901 %
-
Showing an increase Of. s245 s71 O5
The following brief statement shows what has
been achieved the reformation OF gross abuses
IN canal management was undertaken IN ls16:--
.II.. <l..I.n
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-01-10

I0tQl.. I.
Amount of receipts into the
treasury during the year
ending September 80, 1878
(see Schedule D............'
Amount transferred from
school fund for bond for
lands.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
aryVigIe lie ms

Mary Vile is making all necessary
preparations for the Sunday-schooI
Convention, to be held there next
month, and we predict the delegates
will have a pleasant time. We know
they will be well entertained as far as
the singing is concerned. We heard
the choir practising on Wednesday
night, and must say were much
pleased with the selections as well as
the execution. They propose to use
Gospel Hymns No. 8, and ordered a
number of these books from New
York. They have some copies now,
sufficient for practice, and ale making
good use of them. Maryville is
abundantly blessed in the way of
churches and schools, and a good COM
munity is the natural result.
The public school building has been
turned into court house, for the
present, and the county officers have
their offices in the building. We I'M
derstand the county intends to erect
new court house as soon as possible.
Business seems lively in Maryville
just now, and the prospects for the
future are brighter than they have
been. The merchants have been kept
busy during the past few days waiting
upo 1 their customers.
Tie town Of Maryville has her full
share, If not more, OF pretty young
ladies, but we understand that the gen.
eral complaint among them is the
scarcity Il narriageable young men.
The trouble might be remedied by Sc
curing reduced rates over the railroad
and shiPpiUga car load. Applications
shall receive prompt attention.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
9ailgGhruuitle
FRIDAY, MAY 2, 1879.
PENCILETTES

Chew Jaekson's Best SWeeI Ne w Tobacco
Cheap Shoes at II. w. Halls.
New Goods, at Rush Strong's,
A cool head insured by wearing H.
w. Halls Hats.
Baptist Church Festival tonight in
the Store Room of the Opera House.
1t was decidedly gloomy May day,
drizzling rain most all day and quite
cool.
The varions Sunday schools of
Cleveland are preparing for a grand
union picnic in u week or so, says the
Herald
Cleveland Herald {, Oar young
friend, J. c. White, OF Knoxville, has
been spending few days with his
many friends and relatives in this
city.
According to the Maryville Inde1, a
little son of Bud Lane, who lives near
MiseI's Station. Blount county, acct
dentally cut his foot with an ak last
Sunday, nearly severing it from his
leg.
The Roane County Sundsy-schOol
Convention meets at Kingston next
Tuesday. The address OF welcome
will be delivered by Mr.. E. E. Young,
aad the response by Rev. w. b.
Brown,
The Cleveland Odd Fellows celebra-
ted the Anniversary of the Order in
an appropriate manner. The address
of welcome was delivered by Col. ID.
ri. Nelson in his usual excellent style,
as We learn from the Herald.
The Herald gives an account of
rather a disasterOus fire, which occur
red at about l o'clock last Friday
evening near Cleveland. 1t was the
house OF Mrs. E. E. Fletcher, which
was discovered to be on fire in the roof,
and the wind blowing fiercely, eondue-
ted it to the barn, carriage mouse,
smoke house and other out buildings,
all of which were swept away. The
dwelling was q good brick structure.
Very little property was saved. The
loss is estimated at S., 600 with no in
surance. Among the most valuable
things destroyed was a library which
cost Mr.. FIegcher 81 500 in his life
time. Tuers: was 30 one in reach but
Mrs. +. and tw" young children.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
J. r. OGDEN,
General Passenger Agent
The Blessing OF Strong Nerves

Is recoverable. not By the use of mineral soda
tivss, but by recourse to eff sctusI tonic treat
ment. OpiateI and the like should only be used
as auxilisriries. and then as sparirgly as posi-
bic. Vigorous nerves are quit ones, and the
most direct way to render them so is to reinforce
the vital energies. That sterling invigorant'
Hostetter's Stom ach Bitters, will be found all
sufficient for this purpose, since it entirely re-
moves impediments to thorough digestion and
assimilation of the food, SO that the body is in
sured its due.amount of nourishment, and con-
sequently of stamina. Rheumatic tendencies
and affections of the kidneys and bladder are
also counteracted by the Bitter, which is besides
a pleasant medicinal stimulsnt infinitely purer
than the raw exoitants of commerce. which Iea"t
ieiuriously upon the nervous system.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
SENATOR CONRLING's GREAT
SPEECH.

Owing to the universal desire to
read Senator Conkling's great speech
delivered in the Senate Chamber last
week, we propose to print it in full
on Saturday morning. 1t is conceded
to be the greatest speech delivered in
the Senate since the days of Daniel
Webster. Persons desiring extra cop
les OF the paper containing the speech
will please notify US by the first mail.
Single copies 5 cents, 6 copies 25 cents,
10 copies so cents. Postage paid. Send
in your orders.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
Poverty and Suffering.

I" was dragged down with debt,
poverty and suffering for years, caused
by sick family and large bills for
doctOring, which did them no good.
was completely discouraged, until one
year ago, by the advice of my pastor,
procured Hop Bitters and COM
menced their use, and in one month
we were all well. and nOne of US have
seen a sick day since, and / want to
say to all poor men, you can keep your
families well year with Hop Bitters
Tor less than one doctors visit will cost,
L know it. A workingman."
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
Our Fire Pamp can be used for
spTinkling lawns and flower beds.
HAWKINS. BUTT, DEPUE & Co.
PREN0nAH

Mr.. Frank ii. Hubbard, represent
ing the we'll known drug establish
ment IF john +. Henry, Curran &
Co, New York, is in the city looking
after the interests of his house. He
did not forget the CHRONICLE on his
rounds.
Mr.. J. J. Marker, of Greeneville,
came down yesterday to spend short
while among her many friends in
Knoxville for the benefit of her health.
She is the guest of Mrs. VIM. Coff-
man.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
One Gallon of Wafer.

Just at the beginning offs fire is worth
more than a c!s,ern full when fire gets
at fail blast
Buy our Fire Pump aud you can
save Insurance, aud perhaps fire.
HAWKINS, BUTT, DEPUF d Co.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02

Dealers say how are we to know that
DR.. Prices Cream Baking Powder is
unsophisticated Know it, because it
always gives satisfaction, and other
kinds are bought at price so low that
it points at once to adulteration. II
consumers knew the character of cheap
baking powders, very few would use
them.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
Chancery Sale of a House and Lot
No. 225O and $3.50.

No. 2250 and $780,
Mary Ferriter, Admir-, We. A. r. Formwalt ct al
and M. W. Hufaker ct nj. VS.. Nary Ferriter
ct al
PURSUANT TO A DECREE PRONOUNCED
JIG in the above cause at the March term, 1877,
and revived at the March term, 1879 of tbs
Chancery Court at Knoxville, Tennessee, will
sell at auction, to the highest bidder. in front of
the court house door, in Knoxville. on Saturday,
the Gath day of May next. at III O'Clock a, m,
the store house and lot m entioned and described
in the pleadings lying in the LIST civil district of
Knox county, Tennessee. beiDg lot No. Is in
Swans Addition to Knoxville. fronting SO feet
on and running back lis feet. Said sale to be
made subject to the DOVER interest OF Mary
FerTiter therein.
TRIMS.
Sad sale will be made on a credit of six and
twelve months and in bar of the guilty of re-
demption, taking from the purchase note with
approved security, bearing interest from date.
curity. =
April S3rd, 1872
spriI2sw4t NJ. L. PATTERSON. c. j. d.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
Ice Cream Hall.

1 have just opened my Ice Cream Hall
for the season. 1t has been newly fitted up
and is now, without doubt one of the largest
and handsomest Halls in the South. The
Cream can not be excelled. Parties and
families supplied with Cream, Cakes, &C.,
on short notice. P.kERN.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02
CITY ITEMS.
SPIRO'S ICE CREAM HALL.
Open for the Season.

Thanking the public in general for past
favors, hoping to receive this season good
share of your patronage. We are prepared
to furnish Ice Cream, Cakes and Choice
Confectioneries. We make q specially in
furnishing Picnics and Excursions on short
notice and guarantee satisfaction.
Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1879-05-02

At one time when the Cholera was
raging in the North, firm in Iowa bought
at one shipment !, 900 cases 12,oOO Bettles)
of DR.. McCabe's Medicated Blackberry
Brandy. Throughout the whole country
it is known as a sure cure for Cholera,
Flux, Diarrhea and all Summer COM
plants