The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1885-01-13

| Total, s0.3I2.SIl
Disbursements and
transfers, 1884. 3.S9S $50 4:
Balance, January l, 1885, 81 .413. S95 3
The revenue laws OF this State are no
perfect by any means. 1t Is especially
defective i'm that part governing assess
ments. | think that Office should be :
salaried one. commanding better pa,
and better talent. / call the attention O
this body 10 letter of especial meri
from Tandy Ill. Trice, collector o.
Buchanan county, i'm reference TO the
defective points in the revenue law. Il
is now. in the hands of the
State Auditor, and will be laid by
him before the Committee on WAYS
and Means. An efficient revenue law il
the source of much strength to the State
bad one of corresponding and vexatious
weakness. Since [ have occupied the
executive office, my official intercourse
with the Auditors office has been pleas
ant and instructive; finding the Auditor
ready at all times to give me desired in
formation and valuable aid in the interest
of the State.
FUNDING THE PUBLIC DEBT.
The bonded debt of the State now
amounts to 81 SOB. 900, and natures as
follows:
1885. $4,000; 1856. s2.I29,O 900; 1887.
So. 720. 900; 1883, 3. 49,, 900: 1889, S347. 900;
1890. S220.e00; 1892, SlS5, 900; 1891.
S743 200; 1895. 1856. 900: 1896, S543, 900:
1897. 81. 900; Total. sl1 SOB 900.
OF this sum this General Assembly
must provide for the payment or funding
of the following portions which mature
before the Thirty-Fogrth General Assem-
bly, shall convene:
1885. $1,000; 1886. s2.129, 900; 1857,
1920. 900; Total. s., 49,, 900.
There will be in the treasury on the lst
day of January. 1885,. 81. 4l3.S95 81. of
this sum 81 .200.0O0 can be safely used i'm
a further reduction of the debt leaving
upon that calculation AN existing debt of
1892 900 to be provided for in 1885 and
1886. | think the incoming revenues
during the year 1885 will meet the sum,
leaving only the bonded debt maturing
i'm 1887 10 be provided for ia some way.
To be prepared for any emergency that
may arise, | suggest that such legislation
be had as will provide for the whole of
the debt maturing in 1856 aud 1887.
If the revenues of 1885 are sufficient to-
defray the expenses of the State govern
ment during the year. and a sufficient
surplus be left to paw the sum maturing
in 1856. then such legislation can do no
harm. The State should be subjected TO
to no hazards.
think the State will have no difficulty
in refunding that portion of its debt that
natures i'm 1856 ut a lower rate of in
terest than it is now paying, and the
bonds will be readily sought at u pre-
MUM, This is the tribute that the iDan-
cial world pays to the uniformly econ
Omical and careful administration of the
of the affairs of the State
No arbitrary prices can now be fixed BY
this body at which 10 fuad the debt. 1t
will be wise TO leave it, to large extent, |
to the discretion of the Fund Commiss- |
toners, only restricting the limit of the |
bond TO twenty years, after five years
time, and not TO bear higher interest |
than four per cent. The terms and the |
under which We are called up |
On to provide for these maturing bonds |
are quite favorable. Our debt has been |
rapidly reduced during the last ten years. |
while the revenues of the State are being |
increased, and its capacities |
steadily developed. The organic Law OF |
he State places such an. insurmoantable !
safeguard around its debt and credit that /
no evasions can be made, by even the /
NEST adroit, of its iron rules and sacred \
These considerations /
place our bonds in high estimation upon
he stock boards of our county.
SINKING FUND.
There was appropriated by the last |
General Assembly 100000 for the re-
iemptiOn and purchase of the bonds of /
he State. Ii is regretted that larger |
sum had not been appropriated. as it |
could have been wisely Used by the Fund |
Commissioners. AS it is, large sum
was left idle in the treasury for many
months, which could have been used for
he redemption and purchase of interest
bearing bonds. Hereafter such errors
should should be avoided, If the money
: not demanded in the interest of the
State and for the special purpose for
which appropriated. the mere act of
will do no harm.
& ST. JOSEPH RAILROAD CASE.
I'm my last message to the legislature
he controversy between the State and
he railroad was fully presented up to
litigation. L now continue its
history After the United States
Court refused to enjOin me from selling
he road and appurtenances for delin-
luent itrerest upon the matured coupons.
he road, or certain trustees. paid that
Bstallment of interest. and then amend
ID its bill in equity. praying the relief as
lsked for In 4 former bill. and in ease
hat -boull no denied aSEiny the alter
native relief of a prepayment of the
50. O00, 900. On the final hearing of this
,illat Keokuk, Iowa, by Judge McCrary.
IN interlocutory decretal order was made
Prescribing legal rules by which the
mount due by the company TO the state
night be ascertained, and referring the
whole matter TO Master i'm Chancery,
Ion. John X. Crayens, of Kansas City,
With directions to take an account there
# and report the same to the court.
A 90 \ 4