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The Evansville Journal
Evansville, Vanderburgh County, Indiana
What is this article about?
Raleigh, N.C., March 21: An article in the Sentinel estimates North Carolina's public debt under the new Constitution at $19,476,500 by July 1, 1869, with $851,000 interest ordered paid by the Convention. Additional tax of $295,000 will raise total 1869 taxes to $2,600,000, far exceeding prior maximum of $300,000.
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Public Debt and Additional Tax of North Carolina under the New Constitution.
RALEIGH, March 21.—An article in the Sentinel of to-day, prepared from official data, estimates the public debt of North Carolina under the new Constitution on the 1st of July, 1869, at $19,476,500, the interest on which will be $851,000, which was ordered to be paid by the Convention.
The article shows that the additional tax upon the people of the State required to be raised next year under the new Constitution will be $295,000, both of which being added to the present taxes will swell the taxes for 1869 to $2,600,000. Heretofore State taxes have never exceeded $300,000.
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Where did it happen?
Domestic News Details
Primary Location
North Carolina
Event Date
March 21
Outcome
public debt estimated at $19,476,500 with $851,000 interest; additional tax $295,000, total taxes for 1869 $2,600,000 (previously max $300,000)
Event Details
Article in the Sentinel, from official data, estimates public debt under new Constitution on July 1, 1869, at $19,476,500; interest $851,000 ordered paid by Convention; additional tax next year $295,000 added to present taxes swells 1869 total to $2,600,000.