CONTENTS. 



First Period. 1789-1818. Prolongation of Colonial Period. 



PAGE 



A. Introduction 9 



B. Financial Organs of the State Government 9 



a. The General Assembly 9 



b. Governor, Treasurer, Comptroller ...... 9 



C. The Public Debt 10 



1. Provision for Redeeming State Debt 12 



2. Assumption of State Debt 13 



3. Payment of Balance due the State from the United States . 15 



4. Transfer of United States Stock by the State in Payment of 

 the Public Debt 18 



5. Registration of State Debt 18 



6. Specie Payment 20 



D. Sources of Revenue 21 



1. Taxation, Forfeitures, etc 21 



a. State Tax 21 



b. Form of List 21 



c. Tax Rate 25 



d. Collection of State Tax 25 



e. Exemptions 26 



f. Valuation ........... 27 



g. Duties 28 



h. Non-resident Bank Stock 28 



i. Forfeited Bonds, Fines, etc 29 



2. Extraordinary Receipts 29 



3. Permanent Fund 29 



4. The School Fund 35 



E. Expenditures 39 



1. Education 39 



a. Public Schools 39 



b. Yale College 41 



2. Public Buildings 43 



a. State House 43 



b. Arsenal 46 



c. State Prison 46 



3. Judicial Expenses 47 



4. State Paupers ! .... 47 



5. Humane Institutions 49 



