Mexico weekly ledger., 1880-01-08
State Finances.

The official exhibit of the condition
Of the Missouri state treasury for the
year just closed is far more satistac-
tory than it promised to be last
spring, and affords a signal vindica-
ton of the estimates made in May by
Mr.. holland, chief clerk of the treas
urer's Office. just before the legis-
lature adjourned, there was a general
apprehension that the receipts for
1879 and 1880 would show a def
cheney which it would be necessary to
provide for, and both the governor
and the state auditor asked the leg
islature to make such provision by
supplying additional sources Of v
nue.. The state auditor and Senator
Morrison estimated the receipts into
tn, revenue fund for the current two
years at 81, IA, 900 and the appro.
priations at 81, 224 900, which, with
the balance on hand of 1920, 900,
would make 81, 1898, OOO-showing an
estimated deficiency of SAC, 600.
Mr.. holland, of the %treasurer's Office,
on the other hand, estimates the re-
ceipts at 81, 788, 900, which, with the
balance on hand of 1920, 000, would
make S2,898, OOO-and the expendi-
lures at 81, 758, 600, leaving = bal
ance Of Sl40, 900; and he lntimated
that no provision for additional reve
nue. was necessary. The difference
between these two estimates was ST.
$4,000 on the receipts, and $61O, 900
in the net result. One of the current
two years has just closed, and the &C.
tual receipts and expenditures are be-
fore us-the receipts being Sl,451.-
600, which, with the balance on hand
Jan. 1, 1879, of S177,418, makes y
total of available resources of ST.
379,251; and the expenditures ST.
758'551-showing an actual balance
in the treasury Jan. l. 1880, of $780,
500. The actual receipts, therefore,
are S62 900 more for the year than
even Mr.. holland estimated them at,
and instead of a deficiency Jan. /,
1880, of $685., 900, there is a balance
IN the treasury of $120,69
This is for The state revenue fund.
The state interest fund is in a still
better condition. The receipts into
it for the year just closed were ST.
FAC, 900, which, with the balance,
January l., 1879, of 1856, 069,
makes 81, 1896 1853; and the disburse-
ments were $1,O18, 332-showing a
balance on hand Jan. l, 1880, of
1913, OBJ. The total receipts into
the state treasury for the year just
closed were IS, 1874, 965, which, with
the balance cd hand Jan. l, 1879,
of s472. 465, makes 81, 0O7 ,43O; and
the total disbursements on all ac-
counts were 50, 1888, 857-leaving a
balance on hand Jan. 1, 1880, of
$685., $50. OF the disbursements $l,-
O18, 332 was for interest and debt,
and $501, 70I was for the public
schools. The receipts from the
earnings u the p%enitentiary TO: the
last six months of the year we're
$64, 145, aud the disbursements on
penitentiary account were $73, 141.
The S639, sos reported balance on
hand in the treasury Jan. 1, 1880,
includes $247,2 32 owing by the Mas
tin bank of Kansas City to the state
treasurer. 1t is encouraging to learn
that the amount is smaller than il was
a year ago. The state treasurer has
has been paid $33 ,634 by his official
bondsmen $4,000 from the sale of
Clinton county bonds tur:led over to
him by these bondsmen $4,000 by
Reid and Chr;sman Of Kansas City
1854, dividend from the National
Bank Of the State of Missouri, and
S5,321, dividends from the Mastin
making . total Of $94, 1929, by which
amount his Indebtedness to the state
is reduced. Our state finances, there
fore, are in . sound condition ; all the
expenses. of the government have
been met ; the interest on the debt,
the state school moneys, and the APP
preparations made for the eleemosyna-
nv institutions have been promptly
paid the earning of the penitentiary
have been something more than ita
cost. Instead Of = deficiency there
is . balance in the treasury, and the
present sources Of revenue yield, with
q moderate tax, m income sufficient
Tor ali the wants OF the state.
Eugene Field IL on the Kansaa
rsa $ha