548 



MICHIGAN". 



In the election of October, 1867, Diaz was 

 an unsuccessful candidate against Juarez for 

 the presidency of the republic; and in the 

 revolutions which successively marked the five 

 years immediately following, he and his parti- 

 sans were the chief actors. It was during that 

 interval that Diaz paid a short visit to the 

 United States. He again came forward as 

 candidate against Juarez in 1871, but with no 

 better fortune than before. After the death 

 of the Indian President, Diaz offered no oppo- 

 sition to the candidacy of Lerdo ; nor did any 

 warlike movement on his part intervene be- 

 tween that time and the publication, in 1876, 

 of the plan of Tuxtepec, and the beginning of 

 the revolution which ended in the flight of 

 Lerdo and Iglesias from the republic, and as- 

 sumption of the supreme power by General 

 Porfirio Diaz. 



MICHIGAN". The following is a summary 

 exhibit of the financial transactions of the 



The equalization of assessments of property 

 which takes place every five years, was made 

 by the State Board of Equalization this year 

 with the following result: 



STATE SEAL OF MICHIGAN. 



State Treasury during the fiscal twelve months 

 closing on September 30, 1876 : 



Gross receipts into State Treasury $1 ,744,406 29 



Balance in Treasury October 1, 1875 1,229,106 50 



Total for period $2,973,512 79 



Gross expenditures during same time 1,909,507 49 



Balance September 80, 1876 $1,064,005 80 



Decrease of balance during year $165,101 20 



As stated above, the gross Treasury receipts 



were $1,744,406 29 



This covers the price of State swamp-land ex- 

 pended in the construction of swamp-land 

 State roads, being not cash 84,445 67 



Leaving for net cash receipts during the pe- 

 riod $1,709,960 62 



Of cash there was received as not 

 revenue $581,560 63 



And from refunding and reim- 

 bursements 80,58530 562,14598 



Leaving for net cash receipts from legitimate 



sources of revenue $1,147,814 69 



The net cash revenue receipts were : 



From direct taxes $475,583 85 



From specific taxes 527,565 59 



From trust-funds 72,775 15 $1,075,924 59 



Miscellaneous 71,890 10 



Total ordinary revenue receipts $ 1,147,81 4 69 



