AI:K UIBAA 



and decreeing that all evidences of debt not so 

 shall forever be barred from payment. 

 lirM \\as i^ui-.l 



vvml bonds h*ve been presented for pavm.-i,! 

 which were found to have been ]><n<l already by 



SJMT I lUSill ! II |B Ottdt, C 



ftsttsl4WM*^W^fe 4vV^SP SMM^sS f^haMtt. 



^^^^mSSfST^ff^ who 



Mrfam ~fi <, or Amriali >? . V 

 JMtrlinti ilofasiyktodandaroootm 



. .- 



hall 

 build- 



- 



it is made lawful 



> I r Ji ill f Urtator. or inliilatt. it is made lawful 

 *r Mlsr or a*UrUd para topuMbh . call to 

 Mb tlSlMi or Mm to appear. Otherwise, bo de- 

 M to o0t oTprolwli eUrk, Mbject to 



n empowered to refund existing 



l^dKifM^M IkV l^Mninty IwMwla A^ tKnir 



In II^M / Kr*w4 t^MtrtfrtHk JMllail 



' ' ' 



tfcMii Mdar any lav of UM State, 

 To crwto eovoty htxrilt of nodiooi 



To tax lealnBaT bank notaa, United Stataa legal 



Osted 



liroilstliif as currency, and for other 



nsri t> ttat tighisSissMdar oath. 



- - .. 



fiTiTiii.ii ,.!. 



|O M|fV WOQiW 1MB OH 



*^o ptorid* for tL aopd 

 Hsi uflki nissi iifcaill^ii^i 

 Toriiwiaaist UM Board of 



, 



ofboudaofi 



of the 



oaUwful for any dub to keep i- 





pw silvw. If UM aftfoM to stamped -coin, or 

 *^4^**miW\9o*S*Sn 



.. ;, 



. -,.- 



puwrilrer. 

 Auditor Mills di- 



only 1.758. whirl, 



. . -. .... 



The Direct Tax fuml wan created by the ap- 

 propriation, by an act <>f ('undress of Biaroh 'J. 

 f |156 t 272.65 t.. n-fun.l tin- din-ct tax 

 paid by Arkansas to the National (i-\. rinnrnt 

 in 18(and 1866. The account of this fund at 

 the beginning of the year is an follows : Original 

 .:.:. IUM7160; oo Had Jan. i. isi:s. s:,-.. 

 505.00; received May 28, 1898, $15.170.'j; 

 burned between .Ian', l. ix::. .-,n,l .1 



; .... han.Uan. 1, lw .'.. * 

 condition of the controversy between tin- 

 Oovenunent of th,- I -s and th. 



. f Arkansas, as indicated by the Oovfrn..rs 

 message on this subject is as follows : The Gen- 

 eral Government acquired by purchase in 1888, 

 for ttic use of vii: funds. $708,000 face 



value of Arkansas State bond-. \\ In- 

 accrued interest, amount to $2,671,052.50. For 

 twenty yearspressure for payim-nt has been 

 made. In 1889 the State Legislature con 

 upon not plenary power to represent 



the State in a negotiation looking to a final set- 

 tlement In 1891 Congress conferred upon tin- 

 Secretary of the Interior and the Secret; 

 tin- TvBMorj similar power, and these officials 

 appointed a committee to conduct the investi- 

 on the part of the Government. <>n the 

 receipt of their report to the secretaries, a < < u 

 f. ren, , 1.. t\\r, n the secretaries and the G 

 or followed with a view of reaching a definite 

 basis of settlement. Terms of agreement were 

 decided upon, and a bill ratifying them was sub- 

 in itt.nl to Congress in I-Ybnmry. The State 

 Legislature, by a concurrent resolution of both 

 Houses, formally assented to the settlement 

 agreed upon. The State had put in count, r- 

 clairas to almost the full amount claimed by the 

 Government The Governor's message says : 



We had nnd'iKputrd credit* to the amount of $S68,- 

 281.18. To extinguish th.- law ! nidean 



effort to show tluit tin- l.alance won cquitnhh 

 ffuiahed by claitnn arintng in our favor ut' .t the 



"f the General (;>%-, -nitnent to p.-it.-nt t. thin 

 State all of the lands co \ MOM the 



Swamp Land (Jrant of is.V>. "Th' 

 aouree "t" <nir ootmter-claim, although \v.- m:i 

 were allowed, <-<.nsi<lrru 

 tiooal ntztecnth wotiorw and for land* t. wliieli \\<- 



tied under what Land 



(;rant Thcae two Ian re. We 



wr alao allowed credit for $206,000. being per 

 cent of cawh derived bv th. General Govi-r 

 from nale of oublic lands in thia State, as we w. 

 credited with $7,000 for use of j* iuriii)/ 



the late war, as place of continnnent for military 

 prisoner*. As a rwult of this Kettlemcnt the State of 

 Arkannaa U to receive all of her bondu 

 except 160 bonds of $1.000 each, coupons tx ; 

 therefrom up to Jan. 1, 1895, and in return the State 

 ia to releane and quit claim : 



all claims under the Swamp La: 



Bank-, On May 7 the deposits on hand in 



the- national banks in the State amounted to 



'he loans and discounts were $2,- 



average reserve fund was-43-37 per 



cent. During the two years preceding January, 



