Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1891-01-07

sion; and in $780, in the same direction SIS ,000-
600 had been expended, making toui, valua-
ton of S24,OOoo0o. In 1857, the building ia
IA, go; in 1889, 50 395, ,00l; and during the pres
ent year, S15,000,000, making a grand total of
S37 ,44i,2 ,275. Never before in the history of the
city were better prices obtained for real estate
in san Francisco than in the years 1855, 1889 and
1890. The sales in 1885 were S22 9i6 392: in 1889
500 33 SS3; and in 1890 not less than Si 900 600.
Never before in the history of San Francisco
has there been more money seeking invest
ment in real property than in the last two
years, and to-day there is very little frst.class
property for sale in the market Agents can
only supply the demand for good investments
by constantly soliciting owners and it is
considered fortunate thing to secure property
at market rates In view of the fact that the
employment OF depreciatiEg everything and
everybody, and might lead the uuwary and
thoughtless to believe the stories they relate of
the deeadence of municipalities the fall in
values, the loss of business, the depreciation in
real estate, making San Francisco their point
d dppiti, consider it but just and right and en-
tirely within my province as Chief Executive of
the state, and in its interest to place upon
record, and in this official document an abso-
Lutte denial of all that has been said in antag-
onism, and TO reiterate, as strong as language
can convey its meaning, that to-day no State in
the Union is more thoroughly progressive and
prosperous in every Department than the State
of California"
The Governor doubts If the State Government
can be supported on 50-cent limit Of State tax
alton, but advises that it be tested and that
legislation be limited to fit it. He advises ex-
animation OF proposed changes in the collection
OF taxes. He advises that during the temporary
money should be let to banks for an interest
rate.
EXTRAyAGANcE.
He warns the Legislature against waste of
public funds in the expenees OF the two houses
uQ nf1t6 hos ha or nj - t,x<.
committees consolidated and the clerkship per
diems reduced. He points out the recklessIiess
with which the last Legislature erployed
attaches and squandered money on local ex-
penses.
THE TREASURY.
He reviews the condition of the State Treas
ury at length, and advises that the number of
funds be reduced. accounts for which are now
kept by the Treasury He advises that the
members of the State Board of Health be paid a
per diem when on actual duty, as it is not beft-
ting for the State to ask the members to work for
1t free.
RETRENcHMEST AND OUTLAY.
While commencing retrenchment. he would
not have it pTacticed at the expense of state
needs, nor to the poor construction of State in
stitutions. He urges that the tax levy bill
should be framed TO meet every cent appropri-
ated, that the State may buy. as cheaply and
should be brought under more direct control of
the State Board of Examiners.
WORLDS FAIR.
He urges that California be represented at
the Worlds Fair at Chicago and that she have
a separate space for q cumulative exhibit He
purpose, divided equally between the tax levy
of 1891 and the tax levy of 1892.
II urge this with ali the more confidence,
after studying the experience of Kansas which
State. although possessed of infinitely fewer
resources. deliberately appropriated and ex.
pended, during period Of five years, one mill