The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-23


900, The foreign debt at present ia:
Five per cent. State stock eeFtih-
Gates ..................... $14,469. 90
Tive and one-half per cent. State
stock certificates. $3.50. IL
| Temporary loan Observation-Disclosures. $4,000. 90
Six internal Improvement bonds
held by the United States govern
ment .......-.....--..-.... 5000 90
Total. 1907, s25.I2
Added to this is the domestic debt in school
| fluid bonds for S3,904,363,2 20, and the Purdue
| University bonds for S340,Q00, making the to-
| tai bonded indebtedness $4,S76, 608.34. The
| temporary loan bonds, included IN the state
neRt Of the foreisn debt, are payable, at + any
able to retire them at that time, as there will
not be sufficient money IN the Treasury. II Is at
| ment at any time within ten years.
THE PUBLIC PRINTING.
Col, Wolf estimated that the deficit IN the ap-
preparation for public printing during the fiscal
year of 1888 wOuld be $4,000. The WORK done
for 1882, SO far as the public reports are con-
eerued, was all completed, measured and deiv-
cred before the expiration of January, 1888, and
the appropriation of 1888, leaving deficit OF
$1,000. There hes been work done since
amounting 80 So, 900, leaving the deficit at the
end OF the tisoal year $4,000
THE INSURANCE BUSINESS.
From the statement of receipts and Losses,
COMPANIES, the amount OF tax paid for the last
six months Of 1882 was S33, 10y while the
amount paid for the first half of the present
year Is $22,9S1.31, decrease of $lO,l40 sc.
'"pnls large deficit the Auditor states 1913 due
TO the extraO; binary losses which the fire com
panies have had TO meet, rather than decrease
in their receipts" The companies that have
withdrawn from the State during the year are:
The Argentine, of Denver, Coli Citizens. St.
Louis; La Confiapce, Paris; Metr0pole, Paris
and standard, New York. In commenting
nf GItF
anee laws, Auditor Rice says: 'There
are twentT-tiye companies and assoeiations in
whether the act will prove beneficial; = am not
prepared to say, as majority Of the companies
have been organized 80 short time that their
statements do not convey much Information 1t
appears that the impression prevails to great
extent that the bond required by the act is in
tended as protection to policy certificate
holders. and deem it my duty to state that the
Impression is erroneous, as the bond required Is
given by the treasurer of the company to the
directors, and is solely for the protection OF the
company, aud is in no way whatever a prOtee-
ton to the benefciaries of the insured"
THE FAILURE OF THE APPROPRIATION BILL.
SIN consequence of the failure of the general
appropriation bill" Auditor Rice says, 1.-THE sew
eral officers, departments and institutions
left to sueh existing statutory provisions as are
applicable in each particular case. This is not
the first time in the history OF the State when
such a condition of affairs has existed In 1887
there neither a general appro priatt0n nor
tax levy, and Governor AShOei 4. willard did
not convene the General Assembly for the pur-
pose or passing such laws. In his message to
the General Assembly, delivered in November.
1858, in speaking of the failure of the appropri
alton, he says: Although that Legislature
failed to appropriate the means which were in
the treasury to sustain the interests for which
they had been raised, the administrative and
executive officers OF the State believed that such
was the regard that the people had for The gov
ernment they had established, such their anxiety
for the maintenance of their constitution and
the support of their laws, thatit was their imper-
atjye duty to apply the money ia their possess
ion to the purposes for which 1T was collected
There was no law passed by that General As
sembly," Mr.. Rice adds, fixing a tax levy for
State purposes for the term of which Governor
willard speaks. Nevertheless, some of the
counties in the STATE collected revenue on the
basis of the preceding year and paid the same
into the State treasury, where 1t was received,
not as revenue, hut as being in the nature of
loan from the counties paying the same, which
was to be credited and was credited in subse-
auent settlement with such counties. The
amount received in this way was, however
SMALL and Governor Willard was forced to Dor
row from the sinking fund of the State the
of $165, 900, with which TO meet the public ex
penditures. This action of the Governor was
ratified by the General Assembly" Mr.. Rice
says that Governor Joseph A. Wright went even
further, as shown in his message to the General
Assembly III January, 1857. IN which he says
speaking of the failure OF the appropriation:
"Ths neglect does not in any manner impair or
10 the necessity of having and sus.
tanning a State Legislature. Surely, the neglect
duty will not of itself work revolution or de.
stroy the functions of government. 1t is in
framing constitutions an essential principle thas
the government should contain within itself the
power of preservation"
In 1871 the General Assembly did not pass a
general appropriation bill, but the State govern
ment was conducted under existing STATUTORY
provisions deemed applicable in such cases. The
same condition of affairs exists now IN 1928.
All inquiries relative TO how the expenses of the
State government can be mel, the Auditor of
state answers by quoting or citing all laws Civ
ing authority for tue expenditure of the public
funds, Will enable the officers of the State to
meet all urgent demands. The following laws.
providing for the different expenses are cited:
Salaries of the State officers, act of March 81,
1879; fee and salary and general fund act, May
10, 1852; Supreme Court Judges and commits
sioneFs, acts 1881, page 80; sheriff Supreme
Court, section $40. Revised Statutes; books for
law library, 1929, K. s.; circuit judges, superior
judges and prosecuting attorneys, 1892, r. s.;
ACKNOWLEDGEMENTS 6,4l5, r S; State Board of
Agriculture, 2,619 and 1923, K. s: State Board
of Health, acts of 1881, page Az State GeOlOgsr,
SIP, R. s.; Bureau of Statistics, 5,72l, Il. S
Nine Inspector, 5,474, r. s.; Fish Commissioner
3,730, r. s.; superintendent OF Public Instruc-
tiOn's travelling expenses, 4,412, r, s.; Supreme
Court reports, 500. r. s.; Attorney generals
deputy and clerks, 5,67l, h. s.; the Hospital for
Insane, Institution for the Deaf and Dumb, In
stitution for the Blind, the Soldiers Orphans
Home and the House OF Refuge. act approved
May IL, 1869; Asylum for Predetermined Ch
dreH, 2,817 r. s.; the StateIprisons are provided
for upder section 6, Al, r.. g.; Female RetOrma-
tory. 6.200 and 6193, K. s.; Indiana University,
4,660 and 4,661, r. Purdue University, 1877,
Il. s.; State Normal School, 4,550, 4,506, ADDS
aud 4,559. II. S.; state Board of Education, ABB
r. S. Interest on nOn-negotiable bonds is pay
able annually out of funds IN the State Treasury,
in conformity with the provisions of the act APP
proved December %, 1855 and an aot approved
March z, 1867. The State debt interest is pay
able under an act in relation TO the pubic treas
ury.
DoN'T complain bat use st. Jacobs Oil. and