Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-02-15
FROM THE GOVERNOR.
Els Message to The Legislature OF
lhs States Finances,
HEAVY TAXATION MUST sor be.
Some Increase Needed Bond Issue Rec
uumi uded-Lic'nse on Fo'rIFu Com.
paHlos And Inheritance Tax Adj
Ylsed-- Icln0my Insisted
Upon.

Following q, the special message o
Governor wolls sent 10 the State Legs
lslufe yostofiny afternoon. A. stated
In the NEss report Of the Legislative
proceedings;
Executive OFFICE, State Of Utah,
Bait Lake Cliy, February -, 1909.
10 the Hon. President and Gentlemen
Of tho SENATE;
In accordance with my previously
expressed Intention, respectfully sub
nit for your consideration some sug.
gtsiiOns In relation 10 the financial
problems which At present confront the
State.
conceive II to be the Joint duty Of
the Legislature and the Executive TO
provide In some way sufficient revenue
10 meet, ffsl, tho deficiency existlng
At the present, aud second, tho proper
aud necessary expense Of government
Tor tho current year
by reference TO tho very able ami
c1mprohcnsivo report Of Territorial
Auditor John II. Calne, for tbs yeafs
lsgi0j (Yagta 82.3l, II will be seen that
sue dtnoit lsN us ~ the Tetritoty A.
tbs assumption u statehood, that IL %
say, ,he excess OF liabilities over
available RESOURCES, WIS $3.50, Bs0.ll; aud
that other Obligations Incurred b. the
Territory falling due before July !,
1896, amount 10 s73,8il.0i; msking
the actual Indebtedness Of tho State
July next, 5000, 72l.i5. OF this
amount there have beun issued Terrific
rial bonds tuoi yet duel, an5uniing 10
100000; leaving the nos am0unt Of In
deblodnes- for which revenue should
be- provided, s206,72i 10.
There are but two methods OF faiiing
unds 10 meet this Indebtedness At this
time, yiE by taxation, OF by Issue OF
State bOnda. 10 taxation IL fenortcd ~,
II viii bs necessary 10 fiK tho tax rate
at such a figure that tho revenue ~ be-
derived thefuirom will pay tho debt
anu also meet tho current expenses OF
government. The tax rate for the
yeAfs ls0i.5 for general Territorial put
poses, was mills On the dollar, and
for district school purpote,, o
mills on the dollar. Owing
10 the increased burdens Of State gov.
ornmeni, the tax rate for the current
year, As will DO hereafter shown, must
necessarily bo increased for all puf.
poses to Al least " mills. In order TO
pay on the ilDaung indoutedneis by
taNation, u would be necessary 10 in-
crease the rate 2millamore, 0rto 81 mil'a
To- II 40
coed the limit authorized by the Con.
HututiOn, which 10 mile, for all puf.
poses, II 10 o6vioua That at least a POT.
ton VI the debt musl bo met by the
other method. that ls, by tho issue Of
bonds. 10 10 my opiuion that the Tax
Payers OF the hsate would prefer, rather
than 10 bear this excessive Increase OF
taxation In one year, that bonds be
Issued ~ pay on tho floating debt anu
that II IL ths confident expectation Of
tie people generally that before the
maturity OF tho bonds, increased
revenues arising nom increased popu-
lation and wealth and proceeds VI sales
VI lands Tor the benefit VI State insiilu.
liona now supported from the general
iund, will enable tho State b TUtire the
bonds without Increasing the tax rate
on that account. Az previously ex-
pressed 10 you, II 10 my belief that new
state bonds can readily be marketed nj
four per cent ana sold hi par. | have
pleasure In assuring you that very abs
nnanciets both In salt Lake Ciiy aud
New York have quite recently cOfrob-
GRATED this view.
IL Ia my recommendation, then, with
reference 10 this Territorial deficit OF
say S2lU,OOO, that II hc paid tii by the
issue oil S2U0,010 OF trn.twsnty year
coupon bonds, ana that authority Tor
Huou issue aud for ihs disposal OF the
bonds be given by you without un.
Necessary delay. | also suggest that
authority DO given the proper officers
TO Teiunu nj four per cent tue outslsnd.
ing Issue Of fivo per cent bonds OF 1855,
which arc TedtemEbls IN 1893. Hold
ere OF these bonds will doubtless be
willing 90 surrender the iiye per cent
Territorial bonds, having but two Yeas
10 run, for four per oent State b0ndr,
having ten % twenty years ~ run;
aud from Propositions alTeauy Ia my
possession, am led ~ believe Il AmOnl
the probabilities that regulations loOk.
ing 10 the Rounding OF the i've per
cent Issues OF 1880 aud 1892 Comprising
oil the bonds outstanding would prove
effective, u tho proper authority be
given by you.
From the very careful and detailed
eftimaJs OF Territorial Auditor Cains
(pgges iO.l.2 Of his fepoTt), II will 10
seen that tue probable OK enses OF State
government aud mhinienauce Of state
Institutions tot the year 1896 Will b. 10
fOlluWsi
Legislative rtmunt.,.,.........g tagII %
iAeoutiFe dtpAbm,n'' ''',,,.,...,.., ln,ul W
JUDICIAL department. tsssssssssssssss ti.ANu ~
Expenses - state boards a.......... $500 %
Maintenance oil state inHutuNous.... lt3,ul0 "
Maps aud p.uta Tor county Asstsson $3.50 Is
Bounty on wild amin AlHs...s..s...... l,Uu "
dTatuiuUs 10 discharged conyiCta 80. L. B1 ~
tuuuNet irom luauee,,'',,s'...'.s.. l,iii 70
ntalt llulAlftssss.s go .ttsts sssssssss h,lu 20
National Guard ~ utah...,,..,.,,,, 1850 W
iutUrcat on bonds INSTRUMENTATION. $1,000 10
Interest on Words fair warrants. 500 20
To this must DO added, Il $500, g0J OF
a IA .uuE Hhnli La Hnid ma hpFeiu ana.