Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1881-01-18
-I,14l.Sus 80

OF the receipt, 30. 90 Wa, for temporary loan
aud bonds sold, -lG1,t2i Tor savings hank tax
sl>,4Jl Tor railroad tax. $3.50 for telegraph thy
Sll.0Si for insurance FAX, <2.lD for pedlerN IL
crnsr> $3.50 Tor duties ou commissions and
81 rs tor fee ia office OF Secretary Of State; and
the balance from iaNc,.
OF the expenditures S2l5,pO was Tor public
Debt S3i7,sl2 Tor interest ON debt, SSO, iSO Tor
sinking fund a. meet debt, SS2,OO To pay cunt
in.-OuJ expenses $4,000 for schools, and SD
90 to pay temporary loan.
The Treasurer has made NO estimate, for cN-
tr,orlinary expenditures for the year OF 1851,
nor made estimate of the receipts and eXptndi-
turr> for lNs1. lie estimates that the new Na!ua-
ZION will L. a ,lsht Increase on the old, AMI sug-
s,.,t, an assessment Of u mill, a the basis OF
thc STATE tax for 1871.
Liabilities OF the state, Jan. 1. 1881.
pcducting the sinking fund, Sl,3OI,sj., from
the bonded debt. -. ~. 100. leaves the sum Of
Sl.i,6.Oi3. a, the Indebtedness Of the State on
the bonded dcDi, and for which coupon or regis
trr,.d bonds arc outstanding.
Agricultural College Funds.
During the year 1876. the State Treasurer III
vested in accordance with law, proceeds Of The
sale oi the Land Scrip, Ia the amount OF SlOi. 800
In the State of Maine siX per cent. bonds; and in
cludcd in th, investment was e3O,Wr bonds
which became due August IL, 1850.
To comply with the law in re-nveSting this
s30 600 the treasurer would he Obliged Ia pur-
chase bonds in the open market, and pay pre-
MUM therefor of fifteen per cent. or more. The
treasurer would therefore suggest that he be au-
,horifcd by the legislature 10 issue State note
in favor OF the Agricultural College for $4,000,
hearing interest Al the rate of six per cent, "a
take the place of the bond now past due.
By some inadyertanCc the usual appropriation
for the pavmeni of awards To the several agricul-
tura societies, a. provided in chapter IS, section
10 revised statutes was omitted from the appro-
priation bills made BY the last Legislature, and
that no serious inconvenience might occur 10 the
parties interested, the governor and council, by
their order of April 20, 1880, advised and request
al the treasurer TO advance 10 the several socie-
ties the sum due each, relying upon future leg
i,lsiure for the payment ofthe same. The treas
urer. As thus advised and requested, has advanced
the sum of 50 to the several societies and
reouests that this sum he inserted in the first APP
preparation To be made by the Legislature.
The Telegraph Tax.
The Governor and Council under the act rela-
tive 10 taxation OF telegraph companies, APPROX
ed March 70, 1850, assessed the following taxes
for the wear 1850, upon the several companies in
thc state. as by their return 10 this Office under
date OF April 80, 1880
Western Union. $4,000
Maine. Observation-Disclosures. ......-.. LOU
Montreal ACKNOWLEDGEMENTS ''.'-''''- oco
Atlantic and Pacific. OBSERVATION-DISCLOSURES. l25
The Maine, and Atlantic and Pacific companies
have paid their tax but the Western Union and
International by their attorneys decline 10 pay
the tax assessed uuon them aud propose 10 con-
test lis validity.
The Railroad Taxes.
The act relating TO the taxation OF railroads