Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1881-01-13

ss.l45,esl 81 ss,145,es4 ST
This includes $3.50, 900 paid for revenue bonds
which matured June /, 1879.
This shows q balance of 1884 ,O267S in the
revenue fund. But part of these receipts,
though properly placed in the revenue fund,
the proceeds of the sale of $50 renewal rev
enue bonds of 81, 600 each. authorized to be
issued and sold by an act of the Legislature,
approved May 8, 1879, to pay the revenue
bonds which were issued in accordance with
the act of April %, 1S77.
$50, 600 interest on the same, are not ordinary
expenditures.
nance and support of our eleemosynary in
stitutjons, for the last two years, the sum of
1927 ,o575 paid from the revenue fund. This
ASYLUM, in 1880, at St. Joseph.
There were also expended during the same
time in support of our common schools, the
Lincoln Institute, the three NOrmals schools
and the state University. the sum of $l,145,-
3sl.s9. But OF this amount the sum of 1868 ,72o
amount of interest which had accrued on
bonds and certificates of indebtedness of the
State, held in trust for the State school and
seminary funds. Nevertheless, those sums
of money were raised by taxation of our
people during the last two calendar and ifs
cal years
OF THE REVENUE.
The revenues of the State will naturally in
crease some with the increase of population
and of wealth. The price of property, and
particularly of real estate, has been greatly
depressed. fer few years past, In the
.
property Increased, but at too late a period to
enable the enhanced valuation to materially
affect the assessment of that year. It must
be borne in mind all persons are required to
give in the property held and owned by them
on the 1st day of August, and the valuation of
taxes will not be ready for collection on that
assessment till the autumn of the next year.
The following statement shows the valuation
of the real estate. the personal property and
the railroads, bridges, and telegraphs in this
State for the years named:
1878.
Land. 2I5
Town !67, l61 lib
Railroads, teiegraphs and bridges. 2s,7265si
Total $751;, 46, 555
TOWN lots...... ..................... I69u,6 20
Raiiroads. TELEGRAPH and bridges. as'Ia3s SIS
Total .$55s ,3sl 443
The assessment of 1879 is the assessment up
on which the tax has just been collected, and
the assessment of property which was made
upon the 1st day of August last is not yet com
tumn Of ISL and viii be levied on that valua-
ton. Additional taxes will be derived from
licenses and from the ad valorem tax levied
dram shop or beer house licenses. For more
particular and specific information concern.
the state Auditor and the valuable tables ac-
companying it. am OF opinion Union da por;
ton OF the renewal revenue DOnQSCan De palu
at their maturity, but not all.
STATE INTEREST AND SINKING FUND.
The tax which forms the interest fund is is
of per cent, or 20 cents on the 500 of the as
sessed value of property, levied on all real
estate and other property and effects subject
to taxation, and, by the provisions of the Con.
stitutiOn, is to be applied to the payment OF
the interest on the public debt. The interest
on the public debt has been promptly met and
paid. The residue of the interest fund consti
tutes the sinking fund, and Is to be applied to
the extinguishment of the bonded indebted
ness of the State. During the years 1877 and
1878, the sum of $535, 600 was paid in the extin-
Uuishment of the public debt The law pro-
vfdes when there is sufficient money in the
sinking fund to purchase one or more bonds
of the State, the Fund Commissioners shall
call in for payment q like amount OF the bonds
Of the State ithe Hannibal and ST. Joe Rail-
road bonds excepted), but the Commissioners
shall not purchase or redeem any such bonds
at q higher rate than their " face value" No
bonds Of this State fell due in 1879, according
10 the previous reports of the Fund Commits
sioners and all description OF bonds which
the Commissioners were authorized TO pur-
chase sold in market at a premium OF from
to 10 per cent. None of the option" or $40
bonds were redeemable TIL the LIST OF May OF
mus. while none of the bonded indebted
ness Of the State was paid in 1873, for the rea-
sons given yet in the year 1880 double the
amount of bonded Indebtedness required TO