Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1881-01-19

$780, from all sources, were ZIG Gs
Balance September 30, 1879. ......... 588, 84 60
Total. ,54s 60
The disbursements during the same
period for all purposes were. s1,872,1Aes
Balance September 81, 1880. 461, 1893 II
Total. Observation-Disclosures 81 3s3, 543 So
The amount on hand September so, 1880 was
credited to the several funds. as follows
General fund. NEUTRALITY-SUSPICIOUS.. s142872
School fund. Observation-Disclosures. 81, 581 20
School fund income. Observation-Disclosures. 10 689 Ii
Normal school fund. Observation-Disclosures. 31131 81
Drainage fund.-. Observation-Disclosures. $3.50 "a
Agricultural College fund :......:... 22si1 81
Delinquent tax fund.-. ............... 2126 IS
st: Croix & Lake Superior R. R. trespass '''
fund: ................ 174 2S5 o
fund. Observation-Disclosures. 1893 So
Redemption fund.-. 9O12
Allotment fund. Observation-Disclosures. 965 81
Total. Observation-Disclosures. s461, 1893 II
The fiscal transactions and condition of the
state, apart from its duties and responsibilities
as trustee and custodian of the various educa-
t1onal and other funds before named, are ex-
hibited in one account. All the revenues of
the state, whether derived from taxes, licenses
paid by railroad conpani e and other CORPORA
tons and peddlers, or fronns fees and sales of
laws and reports, are charged in the first in
stance to the u"
GENERAL FUND.
The receipts into this fund during the fiscal
year were as follows: -...5 rstf .s-. ..-
Direct state tax S455, 881 80
Railroad companies, license taxes.... As,148 rs
Insurance companies, license taxes. Al, 345 Is
Counties, for the support of inmates of
the several charitable institutions 101 131 81
Miscellaneous sources. ............... 1878 81
Total. 81, o49 4o6 70
Balance from previous year ........... 273 281 -
Total. s., 322, 688 70
The disbursements from this fund, for the
same period, including, as will be seen. not only
the payments for current expenses proper, but
the interest on the states s'war debt, its con-
tributions to the university, to the school fund
income, for free high schools, and for the sup
port of industrial schools, the hospitals for the
insane, and the institutions for the education of
the blind and the deaf and dumb have been as
follows: J,..T#v... ~. --t
Salaries and other permanent appro-
priations. 1879 81
Legislative expenses. 81, SIT IS
Miscellaneous purposes. 24,948 20
Interest on the public debt........... 157,560 90
School fund income. .............. 1903 Sc
Free high schools Observation-Disclosures. $4,000 90
State University. 43, Ii
Hospitals and benevolent institutions. 41so14 50
Milwaukee county insane asylum....... $4,000 90
Total. 81 ,179S15 81
Balance to credit of this fund October
l, 1885,. -. H2, 872 20
Compared with the expenditures of the. pre-
cedlng fiscal year, there is an increase of $1M,-
Milwaukee county on account Of the construc-
ton of its insane asylum; and an excess of
$40, .68 was paid on account of appropria-
tons to hospitals, benevolent and educational
institutions; SO that only Sc, 917.33 remains to
be charged to current state expenses proper,
and is more than accounted for In the increase
of legislative expenses.
The condition of the several educational
TRUST FUNDS
At the close of the fiscal year was as follows:
.ttr tf5s- At interest. On hand.
School fund. S. 716 261 90 S31, 5s1 20
University fund. ........... 207,375 40 1905 SO
Agriculture college fund 4,51s 50 22,8l1 81
Normal school fund 1039, 542 60 81, 131 81
Total. 81, 2o7, ess A s1o4, 6os 90
The increase during the year IN the amount
at interest is 800, 662.79, and in the amount on
hand, 81, 165.4-a gain of $54, $500.
Some complaints have been made that the
sums reported on hand, from time to time, to
the credit of these funds, are unnecessarily
large; but it should be remembered that the
officers charged with the of these funds
must comply not only with the written law
regulating their management, but also with the
predominating public sentiment. This senti-
ment, as exemplified in many acts of successive
legislatures, Enthusiastically favors the policy of
loaning these funds to school districts, towns,
villages, cities and counties; but, except
in the cases of school districts, such
loans cannot be made without special
laws authorizing them. IF this sys-
Nj.
altogether expedient that general law should
be enacted, authorizing the commissioners of
public lands, subject Of course to such cond-
lions and restrictions may be necessary, to
make these loans. Three useful purposes
would be thus subserved. The time of the leg
islature would not be taken up with the consid-
Grafton of innumerable special acts authorizing
loans; a much needed uniformity in the manner
of making the loans and collecting the payments
of principal and interest would obtain, and
fhor, hO do fro no 10 tIrao
when needed, and the necessity for retaining
large balances in the treasury would disappear.
The balance to the credit of the governors
CONTINGENT FUND,
January LIST, $780, was $989.81. The expendi-
lures chargeable to this fund, during the
calendar year, have been 81, 066.27, but In this
sum is included 1885, 90, advanced to the COM
mittee investigating the affairs and manage
ment of the Wisconsin State Hospital for the
Insane, to enable them to meet some of the ex-
penses of that investigation. In view of the
condition of this fund at the present time. and
the possible demands upon it for the present
year, recommend that the sum of 80, 900 be
appropriated thereto at this session.
PUBLIC EXPENDITURES.
The aggregate Indebtedness of the state is
the same as at the close of the last fiscal year,
namely, 80, 252 057. 90, and will doubtless SO re-
main for years to come. This Indebtedness
represents in part the contributions Wisconsin
made, during the war, for the preservation of
the nation, and the annual payment of interest
thereon will be an annual reminder of that
struggle and the causes which led to Themes
to which neither we, nor those who come after
us, can too frequently recur. The forms OF
this indebtedness have been somewhat changed,
by taking up nine of the eleven bonds out
standing year ago, and substituting therefor,
certificates OF Indebtedness to the Agricultural
college fund.
The Indebtedness of the several counties,
cities, towns, villages and school districts In the
state, Is reported to the secretary OF state Al
follows:
Railroad aid. 500 $40 a