Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1877-11-28
BONDED INDEBTEDNESS.

In relation to the state finances the
secretary says:
In the last report of this Office, refer
ence was made to the constitutional
and legal provisions which relate to the
providing Of revenues to defray the eX-
penses of the state, and the fact that
appropriations made by the legislature
IN excess of the estimates for eXpendl-
lures sometimes render it necessary to
temporarily use some Of the trust funds,
was also referred to- Hence it need
only be said here, that similar causes
will doubtless make it necessary to use
some of such funds for the
payment of general expenses during
the last quarter of the present year, the
balance in the general fund on the 3Oth
of September having been only So
O1440, and it not being probable that
more than few thousand dollars will
be received into the treasury during
the quarter And it may be proper to
say here that appropriating in excess
of the estimates has not been the only
cause of the small balance in the gen
eral fund at the close Of the fiscal year.
| Owing to the great depression Of bust
ness that has existed for some time past
the receipts from railway and insurance
companies, and from some minor
sources, have been less than the est
mates of such receipts.
By referring to the senate journal
Of 1876, page $50, it will be seen that
the receipts from railway companies
fer the present year were estimated at
$400, 900, while the actual receipts
have been only $3SO72626, including
the sum of $2,90406 due from the pre-
ceding year. The receipts from taxes
to be paid by insurance companies were
estimated at So, 900, while the actual
receipts up to the close Of the fiscal
year have been only $47, 1886, and the
amount to be received during the COM
ing quarter will be very inconsider-
able. =
It will thus be seen that the aggregate
receipts from the sources named, after
Ieducting the amount of railway license
fee due from the preceding year, as
above stated, has been SAC, 064.34 less
than the estimated receipts from such
sources made by the legislature of
1876, and which at the time SEEM
ed quite reasonable. The receipts
from miscellaneous sources have also
been somewhat less than the estimates
made at the same time. Besides this,
chapter 245, laws Of 1877, provided for
apportioning to the several counties in
which the lands owned by the West
| Wisconsin railway company were locat-
ed, on the condition set forth in said
acts, SO much of the license fees re-
ceived from said company as should
amount 70 a sum not exceeding two
and a half cents per acre for the lands
of said company, which were exempt
/ from taxation in such counties. The
amount paid under this act was
! So, S26.1
The following table will show the re-
ceipts from railway companies in detail:
Chicago, Milwaukee and st. Paul Rail
way Co. ........-.. ............ S197, $50 or
Chicago and Northwestern Railway
! Co ...................... - 13i, 1913 60
Green Bay and Minnesota Railway Co. J, 0S0. 90
| Milwaukee, Lake Shore and Western
! r.. - Co .............. 733 90
Pine River Valley and Stevens Point
Z r. Co... ... 81 10
Prairie du Chen Transfer Co.. .... TIA 90
sheboygan and Fond du Lac Railroad
NEUTRALITY-SUSPICIOUS.. 3,a1s 40
/ West Wisconsin Railroad Co.. ....... 80, 124 s.