Count the Cost: An Address to the People of Connecticut, On Sundry Political Subjects, and Particularly on the Proposition for a New ConstitutionDaggett, David
History
Count the Cost: An Address to the People of Connecticut, On Sundry Political Subjects, and Particularly on the Proposition for a New Constitution
Daggett, David
Connecticut -- Politics and government -- 1775-1865; Constitutional law -- Connecticut
School Funds.
Bonds collaterally secured - - 1,020,542 27
New Lands received in payment of
School Bonds, price at which received, 194,000
Funded 6 per cent. Stock, (real capital) 14,048
Deferred --do. - do. -do. - - - 5,455 7
Funded 3 per cent. do. - - - - 4,570 95
___________
1,238,617 29
___________
Annual Expense of Government.
Viz.
Salaries of Executive Officers, - - 8,630
Debentures and Contingent expenses of
the Legislature for two Sessions, - 17,100
Debenture of the Supreme Court of Errors, 550
Judicial expenses, - - - - 6,100
Expense of Newgate prison, - - - 4,000
Charges of Paupers and Vagrants, - - 4,500
Allowance of 2 dollars on the 1000 of the
list being a draw-back from the State Tax, 12,000
Contingent Expenses, comprising all other
charges of Government, - - - 6,200
____________
59,080
____________
Means for defraying the annual expense of the Civil List.
Viz.
Annual Interest on the above-mentioned Stock
appertaining to the Civil List Funds, 26,553 54
Duties on Civil Processes, - - 5,700
Annual Tax of 7 Mills on the Dollar,
neat amount, - 35,700
_____________
67,953 54
_____________
N.B. One eighth part of all the State taxes and one tenth part
of all rateable polls are abated for the relief of the indigent.
The yearly Interest of the whole School Funds
would be - 74,179 88
Deduct the Interest on that part which lies
in lands, and also on those Bonds whereon
Interest has not yet commenced, amounts to 7, 324 12
N.B. Several Bonds draw Interest in present year,
which were not on Interest last year.
And the whole present annual Interest will be 66,855 76
Add to this the allowance of
2 dolls. On the 1000 of the List, - - 12,000
Total annual amount payable for schools, 78,855 76
Drawable from the State Treasury annually,
by the people in their capacity of
School Societies, - 78,855 76
Payable by the people into the State Treasury
annually in taxes (including duties on
civil processes) only the sum of - 41,400
Balance drawn out beyond what is paid by
taxes and duties, - - - - 37,455 76
Public-domain text, read in full here on John Shaqi.
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