The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1886-02-26

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aua 20 Senator shaH he permitted %
skook the cards
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Our State Finances and Our School
system.
EDiToR CLAHION; IL former article
stated thet the Auditof's reports for
the four years ending December 81, 1881 :.
Showed the receipts Of The
State Treasury TO aggregate. 80, 092, 1863
The Audilpr's reports for the
four years ending Dec. 81,
1885, showed the ynrious
amounts collected and COW
cred into the Treasury ag-
gregatcd ........ ,....~S2,0 74, 246.22
The actual difference in re.
ceipls then, is ouly. ......$ 1884
II IL clear therefore, that ii the same
economy bad been exercised during the
years 1928 81 and 'S5, IA was prauticed
during the years lS78-79 so, and ~, the
outstanding indebtedness Of the State Jam
ury |, 1886, would have exceeded the
amount owed by the State January /, 1882
only Sl7 $780, AZ.
But the Treasures reports Of the eG.
pendilurcs + r 1884 IS, which were placed
upon the desks Of the members OF the two
houses on the morning Of the 23d OF Feb
ruary, (seven weeks after the assembling
OF the Legislature) makes showing,
which when properly underslood, will be
appalling TO the tax-payers, and which,
regret to say, is anything but complimen.
tary to the Democratic party. That official
tells us in HE last report, that the total re-
ceipls in State Treasury for the year 1884,
amour. to..... ..,"....,...... xT2b, ISL 40
That the cash balance on hand
was ....... ..................... i. l6S979 60
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Making a total fund 10 run the
State government for the year
1884, of...o.................. =. 1896, 97l.37
The disbursements for that
year, he says, aggregated. H." $3.50, 1899
Leaving as q balance in the
Treasury Jan. |, 1885, 0,Sl2o9
The receipts into the Treasury
for the year 1855, from all
sources, including the sale Of
bonds, aggregated...o......s 9O2, 1880
Which, when added to the cash
balance ON hand Jan. !, 1885,
made grand total OF .....,. .s9ll ,96b 40
The disbursements Tor the year
1885, amounts TO the enor-
nous sum of,..............o 1904, 1910
Leaving as a balance 10 Treas.
ury. on tst January, 1856, the
insignificant sum 0i......S 5000
On the first OF January, 1882, the Treas.
urer Informed the Legislature that the
State had cash in Treasury amounting to
S5i5 LOCAL, aud that the State debt, over
and above her means TO pay, was $500,
li5ll. 70 be fair in the argument, (and
/ don't wish 20 be oiherwise) it would APP
pear IRON this report thpl the State owed,
January /, 1882. $S67 ,52i.h2, and bad
only $545, i0G.4i 10 pay it.
There Is one fact, however, taat ] wish
TO call public attention to just here. to.wit (,
la this estimate is included $227, 100. 90 in
bonds belonging 70 the Agricultural land
Scrip fund, which being permanent fund,
might tape been deducted from he estimated ip.
debfalaeSs Of tAe State IN $50 m,th as much pro
pr,e,g as Il has been done IN 1856. Had this
been done the payable debt Of the Stntc
Jnuary LIST, 1882, would have been $640
Tl5d, and the Treasurer could have Paid
az moments notice S5l5, l06.Al Of the
amount, leaving The State in debt onl,
800 G65 II, very small amount for agroat
state 70 pay.
But how is il now? The Treasurer tells
us that the payable debt OF the State, not
including the Chickasaw School Fund,
the Seminary FUnd, the Common School
fluid old account, aud the Agricuhtrd Land
S9p. faNion January lst, 1886, was $773.-
l66gS,
Now il we add 10 this amount
the Agricultural Land Scrip
Fund which was included
in the estimete made Jau
lst, lSS2..~,,... ,,.,,,...,, s ~ $50 90
The total payable debt Jan.
lkt 1882, would be,.........Sl. 00O,SI6 9S
And we have in the Treasury
TO pay this amount.....,.,,S 5,460 20
Leaving payable debt over
and above our means to pay
f'+fA''"NffNas NNftsfftffs tssssssssR NNstetN -
Comparisons are said 10 be odious, but
| sssumo that comparison here would be
exeusablei
On January lst, 1852, the
payable State debt RcufHq
the Land Scrip Fund was.S S224l5 Ill
Ii We eliminate this lurd from
the account tie figures
would be ,,.....,.......,......S e5 228 II
January ist, 1886, the payable
State debt, Ho'a6.sg the .
Land Scrip Fant, is.......Sl ,0G0.Sl6 %
o. il we consider ibis q "pes-
mangut debt, esthe Treas
urer has chosen to do in h's
iast repert lhe payable
debt is new .-.............,....,S 49, IS
Then il is clear 70 any mind capable Of
making a simple calculation ,ha, tls STATE