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Tag LEGISLATURE OF kgSrgcKy.--This body met together and organized at Frauk- fort on the 3lst of December; Archibald Dixon, Lieutenant Governor took the chair ih the Senate, aad in the lower House, Ms. Leslie Combs, was elected Chairman. The Wings have large majority in both Houses. The Message of Gov. Qwsley was received --this document gives a very good account of the financial concerns of the Ssalc.

 At the close of the year ending 10th of October, Isi6, there remained in the Treas ury a surplus Of s20, ,503, and 1t Is estimated that at the end of the present fiscal gear ihere will be halsnee Of Sl6,093.

 The receipts of Inc Treasury for the year ending on the fOsh Octobtr, 1916, including S33,4f4 36, which remained iii the Treasury ea ias l0th October, 1915. a.aossnled to S42s. 6l0 D; aud there was pasi by the Treasury. in the same year, si0S, ,306 5. The esiirpaiel receipts of the Treasury for the fiscal year ending the i0sh Octpher, fS47, amount to S3SS, ,997 IJ. and it IS expected that the demands upoa the Tsea.ury for the same year will anaoanf te S369, ,9)3 63.

 The debt of the State Is estimated a, Si,- 95e.45S al the beginning Of the last year, daring that time however 1t has been disnis,- ished to the amount of S53, ,430, leaving the debt as now standing s4.585.029. The State has invesssd is good haak stuck shs sam of Si,27a, 500. which deducted iron the dehl as stated above leaves, the sqn, Q 8, ,325s s526, as the actual burthen upon sh. State.

 The message al.oss.seF < very able ore