THE GENERAL FUND.
The general fund, at the present rate of taxation, will not be sufficient, unless it shall augmented from some new source, to meet the ordinary current expenses of the State and the extra ordinary expenses rendered necessary for the completion of to three additional Hospitals for the Insane the usual loans to the State House Fund. It is evident that unless economics can he introduced which will relieve the deficit the rate of taxation will have to be somewhat increased or a sufficient sum borrowed to meet the exigency. In the event that a loan shall be made, provision should be simultaneously made for the creation a sinking fund for the discharge of the debt at an early day. But before imposing any additional tax or providing for any loan, every report should be made to avoid the necessity thereof by reducing all needless expenses.
