Count the Cost eBook

David Daggett
This eBook from the Gutenberg Project consists of approximately 42 pages of information about Count the Cost.

Means for defraying the annual expense of the Civil List. 
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

From the foregoing view of their financial arrangements, it appears that the people of Connecticut not only enjoy the blessings of Civil Government free from expense, but even receive from the public Treasury yearly, in sum of 37,455 dollars and 76 cents more than they contribute to in taxes, &c.

Who can behold this uparalleled situation of finances, taking into view at the same time our embarrassed circumstances at the close of the late war, when we were not only destitute of any funds except direct taxes, but incumbered with a debt of two millions of Dollars, and not admire and appreciate the faithfulness and ability of those who have so sucessfully managed the public affairs of this State.

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Count the Cost from Project Gutenberg. Public domain.
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