Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1880-10-13

Year ending July 81, ls1g.........,...... 1850 q
gain for economy of more than 1913 900 with
in the four years named. These items of Total
expense of courts" include the county clerks
orders for the same time.
Comparing the state expenses, as shown by the
auditors and county clerks ORDERS we have the
following figures:
State expenses for the las, year of the last ben- ~
Same Tor the year ending july ST. lsso SiS40s 81
showing change on the side Of economy of
more than $50, 900 between the two years named,
as compared with one another These statements
include all the expenses of the state for the years
named, and believe them to be a fair exposition
of the saving made from year to year in the state
expenses. ,o-o
and that establishing the salaries of certain state
officers and the pay OF certain state employees,
under the suggestion of my immediate predeces-
sor, are having salutary effect upon the ex-
penses of the state. 1t is to be hoped that the
present legislature will be rs vigilant in this
spect as any former one has been.
INSPECTOR OF FINANCE.
In addition to the duties formerly imposed upon
the inspector of finance, the act of 1878 requires
him to report to the general assembly the cond
ton of the several savings banks and trust COM
panies within the state This duty has been very
thoroughly performed by that officer, and COM
mend his report to your consideration.
The whole number of depostors In all the saw
ngs banks and trust companies in this state, July
l, 1880, was "a, $50, an increase in number Of
2,2l4 during the past year, and there stood to the
credit of such depositors at that date, S9,075,
3l4.39, an increase in total amount of deposits
during the past year of 1896 SO OF this first
named amount 81, 347, 0.44 belong to residents
of the state, the balance to non-residents. Dur
ing the past year interest and dividends amount
to S327. 90S %.
In 1878 the legislature passed an act taxing de-
posits in savings banks onehalf of one per cent
This tax has given an income of $50, 1876 o. for
the year and half that the law had been in force
up to the date of the report OF this sum S16,-
COZ 30 come from that portion Of tbs tax levied
upon nonresident depositors, and remain in the
state treasury for the use of the state The
mainder has been distributed TO towns in proper
ton TO the deposits from the several towns-one
town receiving two cents as Its proportion. Would
1t not be better to have the whole tax go into the
general fund Of the state?
desire TO call your attention to several very
important changes proposed by the inspector of
finance, but have no space or time now His
very able report makes the necessity of the
changes proposed clearer than | can make them
appear.
TAxEs.
am satisfied that you will feel warranted, from
the reports of the treasurer and the state auditor,
in leyyng a tax for the support OF government
for the next two years, at considerably less rate
per cent than has been levied for the past two
years. The rate for 1878 was thirty per cent, and
for 1879 forty per cent, 1t would be idle for me,
at this time to name any sum, but after the vari-
Gus appropriations have been made, the treasurer
or your committee will make some estimate TO
guide you in this important matter
In view OF the great interest that has been
pressed by all parties during the late political
campaign in this state, in regard to the finances
OF the state, and the earnest desire felt by the
whole people for retrenchment in state expenses,
need not urge upon you the necessity Of the ut
most vigilance on your part in guarding the
treasury of the state The habits of extravaganza
generated by the false abundance of war times
are gradually giving place to habits OF economy
In the household and In private business. These
habits should be cultivated III the public service,
and officers of the state should be held to the