FREE BOOKS

Author's List




PREV.   NEXT  
|<   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163  
164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   >>   >|  
_ of taxation covering a period of about ten years, which if true is of no importance in this connection because the same has no bearing upon the material point now under consideration. The tax _rate_ is always determined by the amount of money needed to meet the obligations of the State, predicated upon the assessed value of taxable property. Changes in the tax rate, therefore, are liable to be of frequent occurrence. The material point at issue is the volume of money paid into the treasury and the disposition made of it. In this connection a slight amplification of the figures already given will not be inappropriate. In 1875, the last year of Republican rule and the year the State was _redeemed_, the total receipts from all sources amounted to $1,801,129.12. The disbursements, same year, were $1,430,192.83, or $370,936.29 less than was received. In 1907 the receipts from all sources amounted to $3,391,127.15. The disbursements, same year, were $3,730,343.29 or $339,216.14 more than was received, and $2,300,150.46 more than was paid out in 1875. In fact, the financial condition of the State during several years was such that the Legislature was obliged to authorize the issuance of bonds upon which to borrow money to meet current demands, thus adding materially to the bonded debt of the State. Can any thing more inexcusable and indefensible than this be imagined? That any one of the Reconstructed governments could possibly have been guilty of such maladministration as this is inconceivable. And yet, this administration typifies what Mr. Rhodes is pleased to term the restoration of home rule at the South, for which all lovers of good government should rejoice. The expert admits that I am right in what was said about Senators Alcorn and Bruce, but asserts that Senator Pease, Mr. Brace's immediate predecessor, was opposed to Ames. This is another assertion that is not in harmony with the truth. Ames was a United States Senator when he was elected Governor. When he resigned the Senatorship to become Governor there remained about fourteen months of his term. There devolved, therefore, upon the Legislature that was elected in 1873, the same time Senator Ames was elected Governor, the duty of electing a Senator for the full term and also for the unexpired term. Bruce, an Ames man, was elected for the full term and Pease, also an Ames man, was elected for the unexpired term. If Pease had been opposed to Ames he could not have
PREV.   NEXT  
|<   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163  
164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   >>   >|  



Top keywords:

elected

 

Senator

 

Governor

 

sources

 

disbursements

 

opposed

 

connection

 

receipts

 
Legislature
 

received


material
 

amounted

 

unexpired

 
restoration
 

imagined

 
Rhodes
 
pleased
 

lovers

 

expert

 

admits


rejoice

 

government

 
electing
 

inconceivable

 
possibly
 

guilty

 

maladministration

 

governments

 
Reconstructed
 

typifies


administration

 

resigned

 

predecessor

 

Senatorship

 

assertion

 

period

 

covering

 

States

 
United
 
harmony

Senators

 

devolved

 

taxation

 

Alcorn

 

remained

 

indefensible

 

fourteen

 

asserts

 

months

 

issuance