Section 6 of chapter 13 of the acts
passed at the late extra session, “An act
to provide for borrowing money to repel
invasion*'’ etc., doubtless authorizes the
levy of a further tax sufficient to pay the
inteteff for the ensuing vear on the whole
LANCASTER, WIS., WEDNESDAY, JANUARY 15, 1862.-
issue of bonds for war purposes. But it
will be noticed that the 2-5 mill tax direct
ed by the acts of 1857 and 1858, original
ly designed to raise only a sum sufficient
to pay the interest on bonds to the amount
of SIOO,OOO, authorized by said act, . ow
yields (and has for several years past yield
ed) a sum sufficient to pay the annual in
terest on all the bonds now outstanding
against the State. Deeming that this 2-5
mill tax has long enough .served as a cov
ert source of revenue to the General Fund
I determined to make no provision be
yond the income of that tax for the pur
pose of paying interest.
The Legislature must therefore of neces
sity accept and take measures to provide
for a certain deficiency of not less than
$22,573.21 —.<•» which should be added
for unavailable resources at least to equal
the present amount of arrearages due from
counties, viz: $32,880,28 —making a total
of $56,453.49 —which the probable re
ceipts of the year will lack of meeting the
anticipated calls upon the Treasury for the
same period.
