The Quarterly of the Texas State Historical Association, Volume 14, July 1910 - April, 1911 Page: 6
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Texas Historical Association Quarterly.
ditures of the school fund were small, amounting to only $114,-
544.26 in the four years 1862-1865 as against $119,351.60 in 1861.
The heaviest item of civil expenditures was the support of the in-
digent families of Texas soldiers.' The county courts were the
agencies of distribution, and beginning in May of 1863 and ex-
tending to the close of the war the assistance extended was nomi-
nally large but really small on account of the depreciated value of
the notes and treasury warrants. After May, 1864, the medium of
payment was treasury warrants, but these soon became practically
worthless. The ordinary civil expenditures or those for salaries,
support of departments and state institutions, were on a moderate
scale. Salaries remained unchanged throughout the war period,
and their recipients were subject to the hardship of having to meet
with the same nominal receipts prices that were steadily increasing
by reason of scarcity of products and inflation of the currency.
Texas entered upon the war period in an unsatisfactory financial
condition. In 1860 the means for defending the frontier against
Indian uprisings were largely provided by the use of ihe United
States bonds belonging to the university fund. Despite the recom-
mendations of the governor no increased taxation was voted at this
time. By January 19, 1861, the treasury deficit was $817,827.00,
and the revenue which was to come in before the end of the fiscal
year was estimated to fall far short of the deficiency.2 Each sub-
sequent year saw deficiencies, and at the close of the war the
amount of treasury warrants outstanding was $2,068,997.90.
Net receipts in 1861 were $509,788.64, and the total net receipts
during the war period, 1862-1865, were $8,161,928.58. Roughly,
about 40 per cent was from taxes, 8 per cent from sale of bonds,
38 per cent from the penitentiary, and the remainder, 14 per cent,
from interest on the bonds in the school fund, the sale of land,
land dues, the sale of public property, and fees. The proportion
of receipts derived from the sale of bonds does not indicate, how-
'Act of March 5, 1863, Gammel, Laws of Texas, V, 601; Act of De-
cember 15, 1863, Ibid., 675.
'Message of Governor Houston, February 5, 1861. House Journal, 8th
Legislature, Extra Session, p. 17.
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Texas State Historical Association. The Quarterly of the Texas State Historical Association, Volume 14, July 1910 - April, 1911, periodical, 1911; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth101054/m1/14/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.