The Superior times. [volume] (Superior, Wis.) 1870-1912, 1881-01-22

which demand your consideration.
PUBLIC FINANCES.
The receipts into the state treasury for
fiscal year ending September 80, 1880,
from all sources, 81, IA 7l9 90
Balance September 80, 1879. .......... 588S24 GO
Total. .......... 81, 333, SAB 60
The disbursements during the same
period for all purposes, 81 872 IA 90
Balance September 80, 1880. 4Gl, 1893 II
Total. g., 1888 543 60
The amount on hand September 80, 1880.
was credited to the several funds, as follows:
General .s142 $40 20
School fund 81, 5Sl 20
School fund income. Observation-Disclosures. 1868 IL
Normal school fund. Observation-Disclosures. 3I13I 81
Drainage fund $3.50 "a
University 1905 80
Agr1cuhu cal college fund. ........-.... 22S11 "a
Delinquent tax fund ACKNOWLEDGEMENTS. 2,126 So
Deposit fund .-.......... ............ 1874 As
st. Crax and Lake Superior r. r. tres
pass fund; ............... 174 2s5 %
st. Croix 4 Lake Superior r. X. deposit
funA. -............... 1858 So
Rede1 option fund. ACKNOWLEDGEMENTS. 90 IL
Auotpsent Iund ACKNOWLEDGEMENTS. 955 81
Tstal. SAC, 1893 II
The fiscal transactions and condition of the
state, apart from lts duties and responsibilities
as trustee and custodian of the various educa-
iOnal and other funds before named, are ex-
hibifed u one account All the revenues of the
by railroad companies and other corporations
and peddlers, or from fees and sales of laws
and reports, are charged i'll the first instance to
the
GENERAL FUND.
The receipts into this fund during the fiscal
year were as follows:
Railroad companies, license taxes. 4I8.I48 TG
insurance companies, license taxes. Il, 345 Is
Counties, for the support of inmates of
the several charitable institutions
Miscellaneous sources. Observation-Disclosures. 80, Sg9 90
Total. ,O49 AOG 10
Balance from previous year........... 273,281 40
Total. 1922, 688 -
The disbursements fiom this fund for the
same period, including. az will be seen, not
only the payments for current expenses proper,
but the interest on the states - war debt, its
contributions to the university to the school
fund income, for free high schools and for the
support of industrial schools, the hospitals for
the insane, and the institutions for the educa-
ton of the blind and the deaf and dumb, have
been as follows:
Salaries and other permanent appropria-
tons. ....................... s135, 789 81
Legislative expenses. gI5I7 IS
miscellaneous purposes. ...-........... 22494S 90
Interest on the public debt .......... I57 $50 90
School fund income. Observation-Disclosures. 1903 sc
Free hl9h schools. ACKNOWLEDGEMENTS. $4,000 90
State university. Observation-Disclosures. 1887 10
Hospitals and benevolent institutions. 41g Ola -
Milwaukee county insane asylum...... $4,000 90
Total; 81 .I79,815 50
Balance to credit Of this fund October
l. 1851. ..-.............. 1882 20
Compared with the expenditures of the fiscal
year, there is an increase of SPA 7O3 Of: but of
tins sum SIS. 600 were paid to Milwaukee cOun-
~ on account Of the construction of Its insane
ayslum; and an excess of S42. 1856. G8 was paid
on account OF appropriations to hospitals
benevolent and educational institutions: so that
only S6,917.33 remains to be charged to cur
rent state expenses proper, and is more than
accounted for IN the increase of Legislative ex-
penses.
The condition of the several educational
TRUST FUND
at the close Of the fiscal year, was az follows:
At interest On hand
school fund. 81, 261 80 : 1851 70
sgroataya fe eose fund 20 1S
Normal school fund. -. 1,039, 542 60 31131 81
Total ,2o7, 6g9 a 500. COS 90
The increase during the wear in the amount
at interest is $50, 662.79, and IN the amount on
hand, 81, 156.41-a gain of S54. $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 care of these funds
must comply not only with the written law
regulating their management but also with
the predomlnatng pubic sentiment. This SEN
ument. as exemplitied in many acts of success
slve legislatures, Enthusiastically favors the
policy of loanng these funds to school districts.
towns, villages, cities and counties; but, exceot
III the cases of school districts, such
loans cannot be made without spe-
clat laws authorizing them. If this
system of loans Is to be continued. it seems 10
me altogether eXpedient that general law
should be enacted, authorizing the commits
aT6S cr7Ai Of -,
such conditions and restrictions as may be nee
essary to make these loans. Three useful pur-
poses would be thus subserved. The time of
the Legislature would not be taken up with the
consideration of Innumerable special acts au-
thOrizing loans; much needed uniformity in
the manner of making the loans and collecting
the payments of principal and interest would
obtain, and loans could then be made from
time to time, when Eeeded, and the necessity
for retaining large balances in the treasury
would disappear.
The balance to the credit of the governors
CONTINGENT FUND,
January /, 1880. was S9S981 The cxpendi-
lures chargeable to this fund, during the cal
endar year, have been 81. 066 II, but in this
sum is Included $4,000, advanced to the COM
mlttee Investigating the affairs and management
OF the Wisconsin state hospital for the insane
to enable them to meet some OF the expenses
of that investigation. In view of the condition
Vi thio 1uili IL lLc present Time. ana the pos
s1be demands upon it for the present year. l
recommend that the sum of $4,000 he appro-
prated thereto at this session.
PUBLIC INDEBTEDNESS
The aggregate indebtedness of the state is
the same as ut the close of the last fiscal year
namely: So 52. G57 co, and will doubtless so
remain for years to come. This Indebtedness
represents i'll part the contributions Wisconsin
made, during the war; for the preservation of
the nation aud tba animal ont Of
thereon viii be an annual reminder of that
struggle and the causes which led to it.-themes
TO winch 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 outstand-
ing year ago, and substituting therefor GER
tlticates of Indebtedness to the agricultural col
lege fund.
The Indebtedness of the several counties
cities, towns, villages and school districts in
the state, Is reported to the secretary of state
az follows:
Eallroad aid a, 500 go 60
Interest unpaid l2I6OIs 40
School districts Observation-Disclosures. 27s5GG IS
Al other purposes. .............. 3545518 IS
Total.................... IS, 1857 IS
The aggregate public Indebtedness of tie leo
pie of Wisconsin Is therefore somewhat less
than twelve millions of dollars
ASSESSMENTS.
The values of ali property III the State subject
to taxation, returned by the assess ors for the
past two years, are as follows:
In 1879 In 1880
Personal property. Ss8 127 $40 90 ss9 T47 81 90
City and village lots s5,545 TAG 80 l04 400 I'll 90
Other real estate 1872 629, 498 80 231 al SCI 90
Total S4O6, 800, 185 90 s4a5, CSC, 143 90
The state board of assessment fixed the gross
value of the taxable property in the state at
S445, 5S2, 100, but even this sum i, in my judg-
mpnt rnrch below IFS ant1l.I yatue II Is oF