The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-01-10

onbOi Prise ANU caplLdl, nor 10 ma I0r
these employment and advantage.
FINANCIAL.
The biennial reports of the state
and treasurer, here
with submitted, show in de-
tail the receipts and eXpeDdi-
lures during the biennial period ended
June 80, 1888, and present, also, a gen.
eral exhibit of the financial condition
of the state.
The balance in the state treasury
June 30, 1888, aggregated 1924 ,SS2. O6.
The receipts for the six months ended
December 81. 1888, were as follows:
from taxes, $50, 363.72; from prInci-
pal on school lands, $50, 105.96; fIom
principal on bonds paid, Sis, 1856;
from interest on school lands sold,
bonds, S1l5, 333.63; from all other
sources, S166 56O.09-makiDg a total
Including balance in treasury June
30th,) of 81 ,545, 631.93
The disbursements during the same
period aggregated 81 ,3O1 ,9Ol.l8, as fol-
lows: General revenue, $685., l41 IA;
state house, Sl15, 2S2.75; state bonds re-
deemed, $4,000; interest on state
bonds, S2S, 075; militia fund, SI35.47;
veterinary fund, 81. 250.63; permanent
school fund, S287, or. 80; annual school
fund, $3.50. 1859; university perma-
nent fund, $500; university interest
fund, So ,90S: %; Normal school perma-
nent, S10.S75.0O; Normal school inter-
est, IS 900; Agricultural college perma-
nent, $l5, AIS; Agricultural college in
come fund, SI4 ,956-makinga total of
81 ,30l. SOILS.
The balance in the treasury Deem
Der 81, 1888, aggregated S243 $3.50. 70,
divided among the several funds as
follows: General revenue, $14.99; state
house, $29 ,97S, 25; sinking fund. 1858. so;
interest, Sl3. o26.7O: militia, SSO9.S5; vet
Urinary, $2l, 1924; permanent school,
S94 ,220.T0; annual school, S79, 274.1S;
University permanent, S94S.33; Uni
school permanent, 81 .449.71; Normal
school interest, S462.76; Agricultural
college permanent, So. 251. ~: Agricul-
tural college interest, S2,90l.97; insur-
ance, 81, 234; library, 81 ,624 so.
The bonded debt of the state on the
LIST of January 1889, was SSO3. 900, show
ing a reduction since January 1, 1886,
of 1927 500. and total reduction dur
ing the past four years of 1882 500. OF
the bonded debt outstanding, 1886, 00O
is in the hands of individuals or corpo-
rations, and $547 900 is held by different
state funds. The permanent school
luhu lOluo GDON sOOOs ~
So, 600, and the sinking fund, 81 900.
State bonds to the amount of SS6, 00(
will fall due on the 1st day of July
next, but provision has already been
made for meeting them, by the issue Of
new four per cent. twenty-year bonds
to be sold to the permanent schoO
fund, under the terms of an act of the
last legislature. No other bonds of the
state are due and payable prior to DC
tober 10, 1894.
APPROPRIATIONS FOR THE CURRENT
YEAR.
There are some faCtI in connection
with the financial condition of the
state which it is necessary that the leg
islature should bear constantly il
mind. The current fiscal year ends OF
the 30th of June next. The tax levIe!
for this year are already made, and the
assessment of property values Is on the
tax rolls. Neither of these can now bC
changed. The assessed valuation Of
all the property of the state for the
current fiscal year aggregates 1858 PAS,
1872, and the state tax of three and one
half mills, levied by the last legisla
ture for general revenue purposes, will
produce a revenue of 81 .237 1863. The
appropriations made by the legislature
of 1887, payable out the general revenue
fund for the current fiscal year, aggre
gate 81 JOB $40.
If, therefore, the entire amunt of the
tax levy could DO collected and paiC
into the state treasury before June
30th, it would exceed the appropriation!
already made only 1888, 059. Experience
has shown however that there is invari
ably deficiency of about five per CEN
iii the collection of the tax levy, result
ing from double and erroneous assess
ments, that have to be corrected, ant
from delinquencies in payments. 4
similar deficiency this year would ag
gregate $61 ,SlS, leaving in the genera
revenue fund, in excess of the appro
priatiOns already made, only 81 ,24l
| A few receipts from miscellaneou
sources will probably swell this amour
| somewhat. But the aggregate appro
| priations of the present legislature
| payable out of the general revenu
| fund for the current fiscal year cannO
exceed 1928 900 without creating an in
debtedness for the payment of whicl
no money can be provided.
The state has steadily adhered to th
wise policy of making the revenues o
each fiscal year meet the appropriation
| for the same year. 1t is REASONABLE
! certain that the assessed value @
property for the fiscal year ending Jun
3Oth, 1880, will not greatly exceed tina
of the current year. The percentag
of taxation should not be increased
The financial condition of the peopl
| forbidS this. 1t is important, there
fore, that the facts above presente
shall be kept in view in making apprC
priatiOns for the next two fiscal years
The revenues of the state will be am
pie to meet the ordinary current eS
penses of all the departments of tn
government, and to pay for all publ
buildings absolutely necessary to al
commodate our public charities. Blu
the strictest economy in appropris
tions is, at the same time, imperatiVel
demanded, and should be rightly ad
hered to.
| MONEY RECEIVED FROM FHE UNITE
STATES.
The governor is made the agent I
receive from the United States all MOI
eys due the state. During the pas
two years have received drafts, whic
have been turned over to the stat
treasurer, for the following amount;
January IA, 1887, on account of eI
penses of the militia In 1854, 1927 o,
November %, 1888. on account of fiy
per cent on sales of government land
S26, 700.95.
MUNICIPAL DEBTS AND TAXATION.
| IN my messages 10 the legislatures {
1885 and 1887, 1 called attention {
some length to the enormous aggregat
of our municipal debts, and earnestl
urged that stringent restrictions an
limitations be put upon the debt CT,
} ating and taX-levying powers OF coul
J ties, townships, cities and school dis
J tricts. In my message to the legisl
ture of 1887 pointed out the fact Thu
these municipal debts were largely CT
ated by voting bonds to aid in buildir
railroads, and urged that all authorii
to vote or issue such bonds be revOkei
except in counties having no railwS
, lines within their limits.
The legislature of 1885 took no actiC
on this subject. The legislature
1887 enacted u law reducing the linn
of such aid from four thousand to tV
thousand dollars per mile, but unfor
, unately this law, by its own provision
: did not go into effect until the LIST
, July, 1887.
The steady and enormous growth
! our municipal indebtedness amp