Means for defraying the annual expense of the Civil
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
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
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
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.