Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-01-17

r,,s .on,,x SAT- o.
1889 81
T-..Ls .... 17.47l %
I.Nho s,I78 81
T.ndsS gill 20
Ti.s~I LASS Is
NJ 2,lo3 81 |
a;nr., $3.50 81
1Uh;s. pir. TIL <6
ToAl. ....'~AS~''s
To this should Be added the tai de-
rived from the proceeds Of tailines in
Humboldt. Lincoln. Lyon. ormssy.
Storey and White Pine counties. amount
Ing 10 5000 81. making . total tai from
proceeds Of the mines OF $ll6.l los "A.
The amount Of the State debt, with
accrued interest. on the S1st Of Deceu.
bsr. 1880. was SIC. SAG o2. and the cash
assets applicable to the payment Of the
same at said date amounted to 1884,
4Os ls. Balance on hand after paying
al the State debt. $l7s.oS II.
The receipts Of the State Treasury
from the organization Of the State gov
eminent In 1865 to December 81. 1880.
are given In detail, amounting to So
47l,25s IS. Prominent among the
sources Of revenue II the State Prison.
The receipts from that institution did
not amount 70 much until 1874 when
they amounted to s2i. 7ol co. against
S22s7 the year before. In 1876 the
receipts ran up to $s7.4ss 90. nearly up
70 which gratifying sum they have been
kept during the past four years.
The Controller calls particular aitsn-
tion to the condition Of tho General
Fund, that being the index Of the fnan-
cial condition Of the State. and makes
the following peril nent rsmarks:
A great mistake IL often made by sup
posing the whole amount In the treasury
u applicable TO the payment OF the State
debt and current expenses, whereas. the
State School Fund and University Funds
arc irrsducible. and cannot DO converted
for general purposes by any power Of gov
eminent. From the General Fund alone
are paid all the expenses Of tho State gov
eminent. except the interest on the State
debt, provided for by special tax the sup
port Of tho public schools, provided for BY
special tax and interest on State School
fund Investments; and the pay OF
the Deputy Land Register. ~Draughtsman,
and some minor expenses In the State
Land Once. paid out Of State school mon
ava. Therefore tho General Fund Is the
prime factor Of our financial System. n
In its present depressed condition, caused
by the great decrease OF bullion produc-
ton, and the reduced rate OF taxation, 1t
will REQUIRE careful consideration and in
fslligent action on tho part Of the Legisla-
ture in making provision for this fund
thst will bs ample for It's purposes. IL re-
ouires no seer to foretell hat ct the adj
journmsnt Of the Legislature tho fund will
DO exhausted.
Az but little revenue will come In before
December next, IL will 30 necessary. IN
order TO keep the State On . cash basis, to
contract . loan. and a. the School Fund
has $95,7iG 81 awaiting investment. and
A. Il Ii probable its income will be large
during the year, / respectfully recon-
mend that authority 30 given to borrow
from said fund. and from other sources
II found necessary. such amount
mot to exceed s20o, 0e0) - may Be necss-
sayy for General Fund purposes, at . rate
Of interest not 10 exceed i've per cent. Per
annum, redesmabls at any time Alter two
years, and payable In ton years, and that .
tax ~ levied for the State Interest and
Sinking Fund to provide for the interest
and payment Of the debt. II will also DO
absolutely necessary TO provide for sum
sisnt revenue for the General Fund to
make 1t self sustaining.
Speaking Of other matters In pursu-
anss Of his suggestions Of economy. hs
says:
There are twelve organized military
companies In the State, seven Of which arc
In Storey county. and the rents for armsr-
lee amount TO $i0,5oo per annum. This
seems somewhat sxtravagant. AID the sub
ject invites attention.
On the subjes, OF railroad property
taxation in this State. he says: There
are loud and seemingly just complaints
that railroad property does not bear its
Just proportion Of the burdens OF taxa
tion." In the matter Of the Central
Pacific within the borders Of this State.
for instance. no remarks:
Ths total aggregate value placed upon
this vast property BY the County Assessors
and Commissioners Of this State for the
year 1889 10 the comparatively insignih-
cant sum Of Sl,l62. ll4. Why, the steel
rails alone, with which the track 10 being
relaid, are worth moro than the whole
property Of the company, - thus valued
for purpose Of TAXATION.
He recommends IN increase Of the tai
on telegraph companies in accordance
with the number OF wires used per mile
and business transacted. Bat his re-
commentator to levy Q tax Of two per
cant. on express companies on account
Of The extra cost they are to the State
In the matter Of protection. will
hardly hold water In visw Of the fact
that Notwithstanding the protection Of
The Law over in the mining towns Of Cal.
Hernia. Wells, Fargo & Co. have recent
ly bssn obliged 10 abandon several Of
their routss. the road agents lsvying and
taking far more than the income.
There are several other suggestions Of
various degrees Of practical merit cor
tanned in this elaborate report Of the
State Controller, to which We have
neither time ner space to call attention
other than 70 say that the whole report
will bear careful psrusal. In some re-
spssts II reads . sssd deal Like . Gov
srnor's message.
The Zulu King. Cetswsyo. Il still con-
Ansd in the cid castle at Cape Town.
where. guarded BY two soldiers. his only