The Hot Springs star. (Hot Spings [Hot Springs], Dakota [Dakota Territory, i.e. S.D.]) 1886-189?, 1890-01-17

IN Article II. section /, of the constitution ia as
The legislature shall provide for an annual
4ax, sufficient to defray the estimated ordinary
!sSxpenses of the state for each year, not to ex-
ICED 4s,e in arr one n year arr 2 nj Il, on each dollar 10. Of
I'm the state, to be ascertained by the last as
n essment made for state and county purposes.
;aI . Masn shall H. lick sxce s4p The income suas ss Of the Is' STATE
N Tor such year the legislature shall provide for
SSfevytng . tax for the ensuing year, sufficient
ss5leiency Of the preceding year together with the
25cstimated expenses of the ensuing year. And
ESstor the purpose of paying the public debt the
S7iually. sufficient to pay the annual interest
baud the principal OF such debt within ten years
S1 s'sSa. the nTe1 nasi p ssat e. 81 an tine Is tsx s Ere TN n the
&anent Of the i~ntereset and principal of the pub
ZlAtc debt shall not exceed in any one year g
81 ali taxable property in tho state as ascer.
&tainAd by the last assessment made for the
state and county purposes"
While the second clause of this section ia
e%so,mewhat ambiguous in meaning. the first and
second clauses. taken together, plainly limit
the amount of the yearly ordinary expenses Of
mills ON each dollar Of the assessed valuation
of al tha texablep property in the state. interest
on the public debt not being included in the
last clause Of the section. Now when It is re-
membered that the ex-auditor's Estimate Of re-
based upon5a levy Of 3 mills on each dollar Of
taxable property, according to the late t%erritor-
ial statute, We see that the direct taxi for the
year 1890 will DO one-third less than the est
mate for tbs current year, making the estimat-
led total receipts for the coming year s:s7. a75.s q.
and the deficit as e. = B rate 81 expens.
So: 90. leaving thus q deficit Of esq, 7lo., a.
The popular way out of . financial dilemme
shows by article IS. sections = and 5. * the
constitution, which is % follows:
or ssas; e. Tss ses !na %st 81 s pnsiio improve prove
.revenus .the state may contract debts never to
sioe,ooo. and no greater indssbtsdnsss shall be in.
Cured except for the purpose Of re-
R 81 I. ,a .ayssi0n. III. :u sspts aI The tni Tni,sa
made by Jaw for the payment Of the interest
annually. and the principal when due. by tax
| interest and principal by spch ta1 o. otherwt.e
shall be trsepssis93lss 81. 1 mt. s ~ so ds6s 3 n. Raaa,
!! debt ss.umsd by ths state Of south Dakots:"
,u i. !: pt 1Sas : for e. sss s. .ns s e boass . @ eossr lt 8.
territorial indsbtednes. .s assumed ped. ~ III:
s go; s sns Ss.: tho 70 po sns d fG sSs sssi 81 ns9! e
, create indebtednsss ceases. and stu there viii
, g !. de |; N,o g, si Is:.Ias u 3, ELL sS1iSis sa9sI. for the as
10 NEST the emergency IL ts monumental
a s..si. 70 sn1 1sai: az app sDa to cover n into The Sy s sas
each account on the LIST day Of. January. 1880.
i Ia:a s:ssss.,o e. e th ss :s. e !. "a & % ss sss q aH e g.
tnlssion into the union. and provide for tts y
quidataon BY the is.u: OF u b ssss and r zoe a g
year. and also the year ensuing for ordinary OK.