The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1880-01-16


Total indebtedness. 80 99S 745 rs
From the foregoing the following deduc-
tions may be made, to show the act
ual amount of debt the State owes,
and is required to pay:
Chickasaw school fund 1915 229 II
Common school fund .... SIT GAG 46
Warrants In the Treasury,
owned by the State, and
included In outstanding
warrants. ...... .......... 100 Zo( ~
Cash balance in the Treasu-
ry, Dec. 13, 1879. ....... 300 757 ID
Total .............$ 50 61S 900 AZ
Thus it will be seen that the actual
indebtedness of the State, including the
Agricultural Land Scrip Fund, 1927
$50 90, in per cent. bonds, due Janu-
airy 1896, 1919 4s5 26.
This shows decrease of the debt du-
ing the last two years of about 1920 O0O-
90.
There are remaining in the Treasury,
uncurrent worthless funds; accummula-
ted during the war, amounting to $780,
1856 40, and counterfeit one hundred
dollar note. received by the present
Treasurer from his predecessor. / res
pectfully recommend such legislasion rs
will authorize the Treasurer to cancel
these amounts and remove them from
his books. / also recommend the pas
sage of nm act to cancel the indebtedness
of the State to the Common School
Fund, which amounts to $Sf2 $40 GT.
This amount stands on the books to the
credit OF the Common School Fund,
while no interest is paid on it, and the
Schools are supported by direct taxation.
Since the constitutional amendment of
1876, there can be no objection to the
passage Of such an act. 1 further sub
NIT that it would be well to make some
disposition of the Railroad warrants held
by the State, and reported outstanding.
Should the foregoing items be expunged
from the accounts Of the Auditor and
Treasurer, their books will show cor.
rectly the financial condition of the State
In May last, received from the Uni
ted States Treasury Department, OF th'
two per cent. fund, 81 405 81; and o
the three per cent, fund, s. COS 98
which paid into the Treasury. 3ubse
quently, formal demand was made up
on me by the Vicksburg and MeridiaI
Railroad Company for the amount il
the Treasury to the credit of the two pc
: cent. fund, This declined, and th
amounts remain in the Treasury, to th
credit Of the respective funde.
The attention Of the Legislature ha
e been repeatedly called to large quer
r tity of land on the roll of Tallahatchi
= co unity, held in trust by the State, o
e account of Levee District No. 1. TAKE
e are due on these lands since 1874, aud
n recommend that some provision |
made by which they may be sold, so I
o to divest the lien Of the Leyee Boar
e and perfect the title to the State. I'll
Ie matter is fully explained by the Audit
in his report, to which I invite yol
special attention.
There is much complaint from son
Of of the counties in the levee districts, {
le account Of oppressive taxation. III
Of subject demands your attention, and
ID any relief can be afforded, L doubt II
RS that the proper remedy will be apple
ct For the detailed operations Of Il
Financial Department Of the Cover
n ment, I respectfully refer you to t
reports of the Auditor of Public A
counts and State Treasurer, which W
be transmitted to you at an early day.
~ COMMISSIONER OF SWAMP LANDS.
81 The commissioner Of Swamp Ian
has sold, since his last report, about.t
Il thousand acres of land, under the Act
M FEBRUARY 1st, 1877, and has issued p
oo oo ents for about the same quantity, und
90 the Act OF 1907, as authorized by 8;
90 act of February 1st 1877.
10 From his report it will be seen Il
W the United States Government has 81
$3.50 acres of land, for which
Is State is entitled to indemnity, amou
90 ing to S52, ,215 90. The State is also
- titled to about 10000 acres in lier
Is lands which the Government has perm
ted to be located; and there are 387,:
acres confirmed to the State, for which
% patent has been issued. recommC
w that provision be made for sending
W agent to Washington for the purpost
w obtaining from the General Land OF