The Canton times. (Canton, Miss.) 1893-1906, 1902-01-17

GOVERNORS MESSAGE
s.,,Issase,,ssat q re- 'S' !, 4,
Represented by section 122 OF the
az A. Constitution, have e, sne no os the
stay . "a . condensed summary Vi .me
pre sas If affairs OF the state sosern
status a NJ of the operations OIL lts w.
fnen5 saannrartments, and to recommend
iios uspI confederation such general
for you you. as | deem necessary ana ex.
measures he progress and welfare OF
pedlene .yunn,ent. the business interests
the gosestt state and the needs OF the peo-
Of the o.a'e 90 such come within legis-
1patiive jurisdiction.
n FINANCE. IA
4, legislature Of two years ago
n ing have marked the parting OF
s ~ ways' between an old ana a new is,N
ny s., me- of governmental llperaiE..
sen wanr honorable body at that session
~ ioI liberal above all your predeces-
va for many years at least, In the
sors, aU Of funds for the assist
applo "a maintenance Of tue State IN
a lis,. anr and the proper objects Tor
state AID. ,at,fyinp n note also
~ !. The ,he shirt Of progress and I'D
s sr manifested by you mas p n5sn
s.al.ti approved by the people, VINO
h nore come to know OF certainty tnat
i ICY, money uu when judiciously expended
~ ~ the comfort, education and general
~ toae Mt az the masses, is not extrava-
psu noa Int 4 safe and becoming invest
ment by the state. ono,,or
~ Notwithstanding the liberality OIL
u I'M. said appropriations, and the re-
NV. ,,at;on Nv YOU Of one-half mill OF the
State tax levy, sufficient funds came
i ;,st, the treasury from the various
sonrces of the State to meet all cur
..rt expenditures required, and with
/ ,glt to pay off also S4O0,Q0O.OO OF
go e ner cent interest bearing bonds,
and 70 lefray all the expenses to date
i ; M, in the building OF the new
state.house, without the sale OF bonds
nrovided for by the act authorizing
III erection of a new capitol.
direct your attention to the reports
of the Auditor and State Treasurer Tor
detailed statements Of the moneys re-
ceiyed and disbursed by the State dur
inc the two preceding years.
Il In the hope of furnishing some sug,
cestions for your guidance in making
: Concentrations OF money at the pres
mi session, I take the liberty OF sub
hitting for your consideration the fol
1owing careful estimates OF the funds
likely to come into the treasury during
the years 1902 and 1903, to wit:
State tax for 1902 and 1908 IL AZ (,
at mills -, -
State tax. privileges, 1902 ana 49, oon 4,
1908, under present law. S-5Vou "
La asaw ss School I lands ....... 100000 o.
Fees collected by Secretary OF I,
penitsntiary $4,000 o.
y c Ii appfo 1sos and 1908. $4,000 o.
Back taxes collections, 1902 ooo ooo q,
po lit tax i9c Collections, ii6os and a :,
cash on hand Jan. 1. 1902 $4,000 on
Making grand total for ~ 80 :,
4 the two years ........... .s4,9oV,ooo "
1t will be borne in mind that these
amounts are estimated, but are be
lieved to be approximately correct
and | beg to admonish that should thu
appropriations made at this session ex
coed the above amount, serious embar
rassment might result to the State.
PAYMENT OF BONDS.
The legislature at its session in 1891
Chapter 34). for the purpose of rails
ing revenue to carry on the State gov
eminent for the fiscal years 1896 ant
1897, authorized the issuance of $400,
10000 of per cent bonds, payable II
ten years, with the option given tn
State to redeem or pay off same in fiv'
years from their issuance, and in per
suance thereof and in accordance will
the provision of said Act, there wer
issued and sold on the first day 0
July, 1896, said $400, 100000 of bonds.
BY section of the Act, the credit o
the State of Mississippi was pledge'
to the punctual payment, both o
principal and interest, of said bonds
and at the expiration of five years tn
State was given the option to pay Of
and retire any or all of them.
On July LIST, 1901, when the said or
ton matured, as the agent and repre-
sentative of the State in the premises
| published a proclamation giving ne
tice to all holders of said Mississippi
State Bonds. series 3D." numbere
from to 500. to present same on Jul
list A. D. 1901, to the treasurer OF tn
State of Mississippi at his Office in tn
Capitol, in the City of Jackson, Missif
sippi, for payment in iull, with az
crued interest.
Under this call, have the honor t