New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1889-11-27
HIS FIRST MESSAGE.
The Governor of North Dako.
ia sends in His Mess
age.
He Discovers a Necessity for
Strict Economy in
Finances.

BISMARCK, N. d. Special Telegram, Nov.
.20.-The two houses voted separately to-
day for United States senator. Ex-Goy.
Gilbert A. Rerce received all the votes in
either house. except twelve Democratic
votes, which were cast for ex-Secretary NJ.
a. Mccormack. Both houses adopted a
resolution designating Pierce for the long
term. The houses then went into joint SEES
sion to receive the governors message.
Following are the salient points of the
message:
The history of that portion of the North
west which is now included within the
boundaries of the State of North Dakota
contains much to inspire confidence in the
future of our commonwealth. Little more
than decade has passed since thelndian and
buffalo were driven from her fertile plains.
I'm 1880 its sparse population was confined
SHE line of the Northern Pacific railway.
But the fame of the rich fertility of her soil
and especial adaptability to the production
of peculiar variety of wheat of superior
excellence and the healthfulness of our
climate spread rapidly throughout our own
period Of growth and development that has
scarcely been equaled in the early history
of the progress of any other state or terri
tory. Many thousands of our countrymen
and hardy and Industrious citizens of lands
beyond the sea found in North Dakota new
homes.
Thus, within brief period, we find our
population increased to 225, O0O a popula-
ton unsurpassed for intelligence and thrift.
representing all the enterprise and push of
the young men Of the most progressive COM
nlunities of the East, energized by the vigor
vof our incompatible climate, each year add
ing thousands of acres to our cultivated
fields and demonstrating the adaptabiGty
4 of our soil and climate to greater diversity
+ of crops and agricultural pursuits.
Our railroad system that in 1880 COM
prised one company, with only one line ex-
nearly 1000 miles Of completed road, tray
esrsing her domain in all directions, two
sgreat transcontinentall lines running through
her territory, making many OF our new cit
ass and towns as favorable railroad centers
as some of the older cities Of the East.
3 Nature has, indeed, been bounteous in her
gifts to our state. Our undeveloped re-
sources Of wealth are beyond computation,
and far exceed the most sanguine hopes.
The judicious application of that capital
which such resources must attract, intelli-
gently and harmOniously cooperating with
the tireless energies OF our people, cannot
fail to work out for the new State of North
Dakota a grand destiny.
Owing to the fact that the reports of the
outgoing territorial officers have not yet
been submitted, and owing further to the
limited time intervening between the in
.stallation of the present state officers and
the meeting Of the Legislature, and to the
delay consequent upon the division Of the
assets and liabilities between the two states,
1t is impossible to prepare as complete, de-
tailed and exhaustive a statement of the
financial condition of the state as should
desire but the reports of the territorial Of
ficers will be forthcoming later on, and will
probably be available before your session
closes.
The total bonded Indebtedness to date is
1855, S07.46, being the amount assumed by
the State of North Dakota as provided by
section five of the report of the Joint COM
mission, and approved by the people of
North and South Dakota. Of the outstand-
E5ing bonds, 1921, 900 bear interest at per
Gent per annum, and $4,000 at ~ per cent
: and $40, 700 at per cent, and the $50, 507.46
u re4unding warrants 5 per cent, making the
: sour bonded debt $27, $685.. The bonds is
sued last April for the repairs Of the uni
versity at Grand Forks were per cent
bonds and were negotiated at a premium of
81 per cent, which was a very gratifying in
.dication of the credit of our late territory.
aul legislation looking to the care of our
credit, that our state will be able to nego-
tiate her bonds even at lower rate
Fifty thousand dollars of the per cent
bonds are subject to the call of the state
and 1858, 900 more will be subject to cali
these bonds. should be made as soon as pos
sibie. Owing to the short time elapsing
before the state will have the option Of
calling in a large share Of the remainder Of
ahe 6 per cent bonds, it is believed that they
will at once be called, by offering to ex-
:, change therefor longtime bonds bearing
Z net Soexceed 4 per cent interest.
LWsss<d, therefore, suggest such legislation
asWau authorize the state to refund all the
outstanding bonded Indebtedness possible
aS rate not to exceed 4 per cent. The ac-
scomplishment Of the refunding of our en-
tire bonded Indebtedness into 4 per cent
bonds negotiated at par, will save the state
an annual sum Of $1,000.
The, report of the state treasurer shows
SOL, 513. Al to be the amount received from
the outgoing territorial treasurer. 1t is APP
proximately estimated that North Dakota
viii have to assume $24, 81 go Of the terri
s4orial Indebtedness, and in addition thereto
her share of the unaudited outstanding bills
against the territory not payable until final
adjustment and the amount of which we
have no means of ascertaining. The out
standing Indebtedness assumed by the state,
lis payable out of the general fund, leaving
on hand available at present for paying the
current expenses of the state, S., AS. AS; esti-
mated receipts, S271, 89S.55; estimated ex-
penses, $3.50, 76655, leaving deficiency OF
i Sl08. SiO.SO.
The legislative assembly, by the proyis-
aons of section 10 ofthe schedule of the con-
stitution, is required to make an appropri-
alton to defray the cost of the constitutional
convention in excess of $40, 600, the
amount appropriated by the general gov
eminent. Deducting therefore $50, 900 from
the estimated receipts and adding to the es-
stimated expenditures $40, 600 for clerk hire
and 81, 600 for constitutional convention we
have a prospective deficiency of $155, $685.
make this full statement four financial
condition that we may fully understand the
imperative need and Importance of the
.strictest economy in all departments of the
new state While there is nothing in our
financial exhibit thus made that in any way
affects our credit, since with an indebted
ness of $40, 600, the valuation of property
in the state based on fair money value is
more than SITS, OOo, 900, yet it is ofthe ut
most importance that good business meth
DDS prevail in the management Of our
,n,,to h, made at the earliest DOSSib date