TENNESSEE. 



755 



per head of the population, about half the pro- 

 portion coined in Germany. The 18,000,000 

 francs sanctioned by the treaty have all been 

 issued, and another million was considered de- 

 sirable, since Italy refused to revoke the con- 

 vention prohibiting the circulation of Italian 

 silver coins pending the resumption of specie 

 payments. France was also requested to re- 

 deem her light gold pieces. Both demands 

 were negatived by the French Government, 

 upon which the Swiss Government in June, 

 1884, gave notice of the termination of the 

 treaty. The treaty was concluded Dec. 23, 



1865, and runs till the close of 1885, after which 

 it is renewed from year to year, any of the 

 contracting states having the right to withdraw, 

 on a year's notice. 



International Conferences. A conference for the 

 protection of literary and artistic property was 

 held at Bern in September. A draft of a treaty 

 based on the proposals of the Swiss Federal 

 Council was approved by the delegates. 



The International Peace and Arbitration As- 

 sociation met at Bern in August and discussed 

 arbitration, the neutralization of interoceanic 

 canals, the Congo Association, etc. 



T 



TANNO-CANNABINE. See DKUGS, NEW. 



TASMANIA. See page 60. 



TENNESSEE. State Government The following 

 were the State officers during the year : Gov- 

 ernor, William B. Bate, Democrat ; Secretary 

 of State, D. A. Nunn; Treasurer and Insur- 

 ance Commissioner, Atha Thomas; Comp- 

 troller, P. P. Pickard ; Attorney-General, B. J. 

 Lea ; Superintendent of Public Instruction, T. 

 H. Paine; Commissioner of Agriculture, Sta- 

 tistics, and Mines, A. J. McWhirter; Register 

 of Lands, W. S. Winbourn ; Railroad Commis- 

 sioners, John H. Savage, G. W. Gordon, and J. 

 A. Turley. Judiciary, Supreme Court: Chief- 

 Justice, James W. Deaderick; Associate Jus- 

 tices, William F. Cooper, Thomas J. Freeman, 

 Peter Turney, and Robert McFarland. 



Finances. The receipts, from all sources, for 

 two years ending Dec. 19, 1884, inclusive, were 

 $2,346,353.94, which includes a balance of 

 $246,790.76 turned over by the M. T. Polk in- 

 vestigating committee. This total also includes 

 the net amount of revenue paid into the treas- 

 ury by the State's attorneys on back-tax collec- 

 tions, $157,401.64. The disbursements for the 

 two years ending Dec. 19, 1884, amount to $1,- 

 701,139.11, leaving a balance in the treasury at 

 that date of $645,214.83. This balance ($645,- 

 214.83) includes $139,473.80 of new issue of 

 Bank of Tennessee certificates, and old issue 

 Bank of Tennessee money, which leaves $505,- 

 741.83 in actual available funds in the treasury, 

 less $21,141.41 in controversy in the Mechanics' 

 Bank of Knoxville. 



The appropriations (for two years) drawn up 

 to Dec. 19, 1884, amount to $1,766,207.15. 



The obligations of the State provided for 

 nnder the terms of the law relative to the set- 

 tlement of the State debt (act of 1883), at the 

 time the work of funding began in July, 1883, 

 amounted to $28,786,066.39, includiug princi- 

 pal and interest. Of this amount the " State 

 debt proper" bonds amount to $2,135,150; 

 educational, charitable, and other bonds, that 

 along with " State debt proper " bonds are, by 

 the act of 1883, 6 per cent, bearing bonds, 

 amount to $648,000, making $2,783,150 on 

 which the State will have to pay 6 per cent, 

 interest. Deducting this latter amount ($2,783,- 



150) from the total bonded indebtedness ($28,- 

 786,066.39), leaves $26,002,916.39, and taking 

 50 per cent, thereof (principal and interest), 

 there will remain $13,001,458.19, upon which 

 the State will have to pay 3 per cent, interest. 

 This makes the total bonded indebtedness of 

 the State under the operation of the act of 

 1883, about $15,784,608.19. 



The Funding Board. The Funding Board be- 

 gan its operations in July, 1883. Since that 

 time, the bonds funded amount to $8,090,- 

 215.39, leaving Jan. 1, 1885, $20,695,851. 



For the amount funded there were issued : 

 6 per cent, bonds, $582,100; 5 per cent, bonds, 

 $317,100; 3 per cent, bonds, $3,445,300. 



A cause of financial embarrassment to the 

 State has grown out of the " Torbett Issue," 

 or notes of the old State Bank, issued princi- 

 pally during the war, which the State is con- 

 strained under a decision of the Supreme Court 

 of the United States to receive for taxes ; un- 

 der the direction of the last Legislature the 

 sum of $200,000 annually is taken up in taxes. 



Resources, The Comptroller's report shows 

 that the total value of taxable property in the 

 State in 1883, not including railroad property, 

 amounted to $222,637,873 a total net increase 

 for the year of $708,060. For 1884 the total 

 value of taxable property in the State, not in- 

 cluding railroad property, amounted to $226,- 

 844,184 a total net increase over the previous 

 year of $4,206,311. This is largely attributable 

 not only to the increased value of property, 

 but also to superior vigilance in assessing. 



Railroads. On Sept. 19, 1883, the total mile- 

 age of railroad in the State was 2,032, of an ag- 

 gregate assessed value of $31,547,299.23. Their 

 average value per mile was $15,521.42; in- 

 crease of mileage over last report, nine and a 

 fraction miles ; increase of value over last re- 

 port, $4,531,199.11. On July 17, 1884, the 

 assessors returned the total number of miles 

 of railroad in the State at 2,094, of an aggre- 

 gate assessed value of $34,350,170.84. Their 

 average value per mile for this year was $16,- 

 400.17; increase of mileage over assessment of 

 1883, sixty-two miles; increase of value over 

 assessment of 1883, $2,802,871.61. The Legis- 

 lature, on March 29, 1883, passed a bill pro- 



