The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-03-25
ATE AUDITORS REPORT.
A Comparative Statement of the States
Finances--FOr the Past Two Years.-
Interesting Railroad Statistics--Pen-
siOnS, &c.

Interesting Railroad Statistics--Pen-
siOns, &c.
The report of the State Auditor for
the year ending November 3Oth. 1889,
is nearly ready for distribution. 1t is
quite full and comprehensive and will
in all probability attract more general
attention than is usually given to docu-
ments of this nature.
The report is prefaced by letter to
the Governor, III which the Auditor
says:
"There is a noticeable difference in
the balance in the hands of the State
Treasurer at the close of this fiscal year
as compared with the previous year.
For the year ending November 3Oth,
1888, the balances were in round num-
bers $42, 900 of the Public Fund, and
of the Education Fund $4,000; while
for the year 1889 the balances were, in
round numbers, Public Fund $4,000,
and Education Fund $11 900. This
difference is thus explained : AS to the
Public Fund, there was already fall
ing Off of nearly 0,000 on account of
the lrummers' licenses; then the Legis-
lature reduced the tax assessment from
twenty five to twenty cents on the 800,
which, with the various increases Of APP
preparations, woald, instead of leav-
ing balance in the treasury, have
shown a deficit of over $l60,O0O
had all the appropriations been paid
during the fiscal year, But by the
timely wisdom OF your worthy treas
urer, and the selling Of 100000 worth
T. 4 1 n. l-.~ /
something over $4,000 on hand. AS to
the Education Fund, that has reduced
by the appropriation of that fund to
various counties by the Board of Edu-
cation.
Receipts and Disbursements.
The receipts and disbursements for
the year iast closed are larger than for
the year previous; the first is owing
principally to the increase in the value
of railroad property, and the effect Of
the tax assessment of 20 cents on the
| 800. on that increase, and on bank
stock, together with the sale of SlOO,
900 worth Of bonds mentioned above
The increase in the disbursements is
explained by the increase Of appropria-
tions to the State Guard and the In
! stitutiOns. the meeting Of the General
Assembly, and the public printing, con-
sequent thereupon. .
The report contains a complete state
ment of the resources and taxes Of each
county, separately as reported to this
department.
Increase in Value.
"There is considerable increase in
the value of land. personal property and
railroad property. This increase in the
former is due, to some extent, to the
fact that the deductions for oyerchar-
ges, errors and insolvents. were not as
large as usual. Still the increase in the
value of property generally, is natural
and substantial.
Railroads.
"There are now in the State fifty rail
, roads operating and paying taxes, an6
. four that do not pay taxes. These
fifty-four railroads have an aggregate
mileage of over 2,700 miles. with an ag
gregate value of real and personal prop
erty, amounting to $l1, us, ,327, making
grand total valuation of all the rea
and personal property of 1928, ,673, SOP
an increase of about S13 900, 900 over th
, assessment, of 1887, the last assess
ment.
Pensions.
, The Legislature at its last session. re
pealed the pension law Of 1885, a
5 amended by Act Of 1887, and substituted
: for it new law, the main designs Q
3 which are to classify the pensioners
/ and to raise q larger revenue to be pai
Y out in pensions to the States disable
soldiers, and to the needy widows G
those who died in the discharge of thei
duty in the late war between the States
This new pension law made it incum
beut on the auditor to get up me-
blanks, both for the old pensioners W h
t are erequired to make reapplications
and also for new applicants for pensions
To this matter | have for the past se>
eral months been giving my earnest a
" tention, and | have sue ,eeded, with til
It efficient help rendered by the Attorney
l. General Of the State Ito whom l woul
J. make my knowledgements) in forml
IT lating four different kinds of bfank
/. which fully meet the requirements {
n the law. The State board Of pension
has also adopted certain ru'es and regl
lations for the guidance of applicants ft
pensions and county board Of pension
under the new law have had printe
several thousand copies each Of tt
- new pension law, aud of the rules an
IN regulations adopted by the State boar
of pensions, and also of the necessar
blanks for applicants, and these hay
been mailed to the Register of Dee,
y of each county in the State, frol
or whom they may be had by those d
is sirous Of ayailing themselves of IL
r. benefits of the law. The blanks f,
in re-application have been mailed dire
m to the pensioners, soldiers and widow
he whose names appear on the old penslC
roll. have number of suggestion
to make in regard to this matter
/, pension legislation, but prefer 10 i
d corporate the same in my next repc
when they may be taken into conside
alton by the Legislature, which NEE
"A next January. Until then | conte
ng myself with simply giving the info
TO nation as to the progress made
u getting the new law into operation