| Show governors second message the governors second message relating to the finances of the state which ho promised would be sent in i inter in the session is a very comprehensive document he shows first ex auditor Caine fl report that the deficit left ua by the territory at the assumption of statehood of liabilities over available resources was and that other obligations incurred by the territory falling due before july 1 1896 amount to 04 making the actual indebtedness of the state july 1 next of this amount hav been issued territorial bonds not yet due amounting to leaving the net amount of indebtedness for which should be provided how is revenue beat to be raised the governor repeats his former recommendation that bond be issued to wipe out alio territory d indebtedness kutlesa bonds are issued the total tax rate will be 8 mills for all sOB which would be mill more than tha state constitution allows the governor believes in fact is assured that can be issued in ten r twenty year 4 per cent coupon bouda the probable expenses of state government ern ment with the territorial deficit thus provided for would be which liia excellency believed can be on a C mills tax rate 3 mills for general aas and 8 mills for school sor that is a raise of only emills lm ills above the territorial rate which was two mills for general purpose and 3 mills for school purposes the baat territorial assets mant wag only but with taxing ot minea milling claims and coal lands it ia believed the total as as will this year within a year the governor hopes that the state will begin realizing revenue from its land grants which will tend to reduce th rate for school taboa and then he aug geita that a moderate inheritance tax of the wealthy estates left for probate a mod crate annual license on insurance companick com and a small fee of not to exceed 50 per thousand dollars on capital block of corporations are bual means of raising revenue in other states utah ought to adopt similar methods the governor finally concludes with this baliant advice to alie legislators in I 1 annot forbear ti upon vou tho of keeping the safely within th revenue no work or now of money col ao obsolete necessity should bo countenanced at aaaron neither abound unnecessary offices be created we were elected upon H platform pledged to economy let live no to our pledges the charged with the responsibility of hag had committed to it n 10 it trust for the faithful execution of which tua people will hold it to the aric test accountability f it ahall succeed in performing its responsible duties honestly and economic ly and will use its power for the boid ita lor public wil be anew and the pe apo will know where to repose their confidence deain |
