Message of John C. Brown, Governor PDF ePub eBook

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Message of John C. Brown, Governor free pdf Excerpt from Message of John C. Brown, Governor: To the First Session, Thirty-Seventh General Assembly of Tennessee, October 23, 1871 Gentlemen of the Senate and of the House of Representatives: Fully impressed with the delicate task imposed by section 11, Article III, of our State Constitution, I approach it with a full conviction that you will appreciate the difficulties that have attended me, in the discharge of that duty, both immediately before, and since my induction into office. The only reliable sources of information of the State finances, are the Comptroller's and Treasurer's offices, and by Act of Assembly these officers report directly to your body, and their reports pass the delay of printing before they reach the Executive office. Hence, you are fully advised of the financial condition of the State before I can officially obtain such information. The duties awaiting you are not only important, but most responsible. Your legislation will determine the question, whether Tennessee will provide for the payment of the large debt entailed upon her by the casualties and results of war, or whether it will be indefinitely postponed, until our credit is broken down, and the debt becomes so large, by accumulating interest, that its payment will bankrupt the people. The legislation of the last two years, as it appears to me, precludes any discrimination in our bonds, upon any assumption of illegality in their issuance. The Act of the 25th February, 1869, as amended by the Act of 20th January, 1870, chapter 44, permitting Railroads indebted to the State by reason of bonds loaned to them, to cancel their obligations, with bonds of any series or number, in effect acknowledges a liability of the State to pay all outstanding bonds, not specially excepted by the Act itself, or amendments thereto. The Act itself makes no exception. The Act of 6th December, 1870, prohibits the Comptroller of the Treasury from receiving the bonds issued to "The Mineral Home Railroad Company," and the Act of the 29th of June, 1870, forbids the redemption of the bonds issued to "The Insurance Company of the Valley of Virginia." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works.

About Jno C Brown

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Details Book

Author : Jno C Brown
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1332156916
EAN : 9781332156917
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 28 pages
Age + : 15 years
Language : English
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