The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-09
THE STATES FINANCES.
BIENNIAL REPORT OF COMPTROLLER
PICKARD.
review OF the Financial Operations of
the State and It's Present Condition
charlottesville Property-The Debt
Recommendations.

Il
Pickard, reviewing the financial opera
tons OF the State for period Of two years
ending December 10, 1883, contains thirty
six statistical tables, makes a neat book of
1872 pages, and gives all the information
attainable concerning the States money
matters.
Col. Pickard touches upon the main
questions OF the report as follows:
CASH ACCOUNT.
"Your attention is called to this state
ment, showing the receipts for the two
years ending December 10, 1885, to be
S3,69i, 99637, and the disbursements for
the two years ending December 49, 1883,
to be 81, i0S, 76l.69, and balance in the
State Treasury, subject TO check, Deem
Der 20, 1888, of s22l, 702.06; but in order
to draw a comparison with the receipts
and disbursements for the two years end
ing December 10, 1883, with that OF the
two years ending December 10, 1886,
should be deducted the amount received
and disbursed on loan account, which
would leave the receipts for two years
ending December 10. 1883, 50, as, 004.27,
and the disbursements, -, lag, 26l.69,
which is an increase in the receipts OF
! Sl97. 4l074, and decrease in the dis
burscments OF sli5, OBS. 20, making a clear
gain in the two years business OF the
State OF s;II2, IS003.
LOAN ACCOUNT.
Gas will be seen from tho receipts, the
State has borrowed. under House Joint
resolution No. 30, adopted March -, 1887.
! the sum OF S9l6, 002 10, which has been APP
! piled TO the payment of current interest On
| the State debt. OF this amount S2B2, 500
has been paid back, leaving balance I'M
paid and owing Of S053, 50S.l0. rs il APP
pears from our books. In addition to the
above, the State owes $4,000 TO the
American National Bank, Of this city,
when was borrowed on interest account,
and for which note OF the State, signed by
| the proper officers was executed, but the
amount was not passed into the State
| Treasury, rs was the other amounts bor-
rowed, as the bank preferred taking up
this amount OF coupons, and hold the
same ~ collateral security, all Of which
was satisfactory to aud duly authorized by
the Funding Board.
OUTSTANDING WARRANTS.
"By this table is shown the amount Of
pay warrants outstanding December 10,
1883, 10 be Sl52,5S5.6l.
EXPENSES.
Total amount Of warrants issued, ST.
| i5l, 2Ol.lO; net current expenses Tor two
! yeau ending with December 10, 1883,
! II, 1855, 5l9,9l.
PENSIONS TO DISABLED SOLDIERS.
-"Cndcf the act of 1883, and as amended
by the acts Of 1887, providing Tor the rc-
lief OF soldiers losing their eyes or limbs in
the late war, have now on the pay roll
the following names who are drawing pen
sions: Chas. Brtsher, G. C. Brooks Eu-
gene Buttcrworth. John Erskine. Alfred
Graves, X. G.. Hall, q. Il. Long, Fletcher
Lowry. WIN. McMahan, Allen L. Morris,
John w. Sawrie, G.. 4. Smith. /. a. Stone,
j. W. Tucker and John II. Woodbridge,
numbering in all sixteen. trust that
necessary appropriations win be made TO
continue their pensions, but think it adj
yisabe that some steps he taken TO pre-
vent fraud and TO more clearly define the
character OF wounded soldiers who should
he pensioned.
CRIMINAL PROSECUTIONS.
There was expended. on this account,
during the last two years, the sun Of S37S,
G17, which Is about onc-third OF the
amount OF the net current expenses Of the
State Government, aud by comparing tho
amount with the reports OF former Comp.
trolcrs yon will see that the costs accrnng
against the State, on this account, has
steadily increased. with but few cxcep.
tional years, Notwithstanding the fact that
In auditing them | have exercised great
carc aud diligence, and have saved the
State large sums OF money by cutting out
items illegally taxed.
TAXABLE PROPERTY.
Total value Of taxable property In the
State Tor the year 1856 was S22i, 900, 100,
while for 1857 Il was s2J9. $50, GSl, an In.
crease Of Sli.Gi0.O02. Total value OF taxa
blc properly for 1857 Is $3.50. $50, 0sl, while
for 1855 It i S2D7, 2Oj, O5i, showing an in.
crease OF sj7, GjI,05a.
PRIVILEGE TAX.
"Thc amount Of collections through
County Court Clerks from merchants.
liquor dealers, etc, amounting, for the year
1887, 81 Sl73. O26.70 aud Tor the year 1855
a. Sj7S.OlIOs; an increase In iSsS over
1887 Of Si,ODl IS; an increase for 1887 aud
1883, ~ compared with 1885 and 1896. Of
so, jg2.gl. ! would suggest that the priv.
ilcgc tax law be 80 amended M TO require
merchants 10 pay an MI yalorcm and priv
ilcgc tax only upon their stock, aud that
they be- required to report their notes and
accounts TO thc Tax assessor rs other tax.
payers, so that they may pay only an ad
valorum tax upon the same.
TRUSTEES STATE TAX.
"Out OF tax aggregate for the year
1857 OF s7lS,Gln.g2 there has been col.
lcclcd aud paid into the Treasury the sum
Of 500, 759.Su. after allowing al nbatc.
mcnts, such M commissions. County Court
rclcascs. delinquent realty. etc, which il
only about per cent a. the cost Of coli
lection. Notwithstanding there are q few
hundred dollars yet due, the grcatcr part
Of which viii. In all probability, b. paid
prior 10 January J., 1889.
RAILROADS.
"li affords mo much pleasure 10 say tina,
al the railroads In the State liable for tax.
ton have been exceedingly prompt in re-.
gard 10 the payment OF their taxes.
DTiiNQuENTA
un p,reminf ~. 1874 thrrc was duo the
HtfU IfHI driiuuutut the siiNl oi.... st0 81 n
10 $40, NOM dallnq ncns lie suii Of si5.i61 I.
l
| "a Ia. ...t...ff... ID. fts IL ft,,yatra