The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-01-23

gust "a 1885, $3.50 20; June 5. $780, s69 s2s5 S.
Since the close of the last fiscal year, re-
ceived from the General Governments, and,
on the 25th day of November, 1sS0, transferred
to the State Treasurer, i60,O6I.5l, which has
been credited to this fund This, added to
the amounts named, makes total of S573s-
76O addition TO this fund from the General
Government during the last two and half
years. The permanent school fund, on the
3fst OF December, 1880, amounted to s., 593,
639S3, of which S5,574, 1878 is invested in
bonds, leaving an uninvested balance of only
S19,4T1.1O. The school fund commissioners,
upon whom devoIves the duty of investing
this fund, have shown commendable care
and good Judgment in keeping it securely
and closely invested
STATE DEBT.
The aggregate bonded debt of the State
amounts to SSO1 COO, of which SIS, 500 becomes
que IN 1854 ~oo0OO IN 1880, SfOOOt IN 1885, sZOOs-
in 1897, $4,000 in 1898, SI59 900 in 1888 SIS 600 in
1908. ana SIS, 600 in 1903
The Auditors report shows that s5s6, 900 of
this amount is owned by the permanent
school fund, and $4,000 by the state univers-
ity fund, leaving amounts of bonds owned,
outside of the State funds, S256, 600.
Under an act of the Legislature OF 1887,
whereby the State assumed the payment of
certain guerrIla-raid claims. ceEs!hcates of
indebtedness, the principal of which aggre-
gates $685., 963.9l, have been issued by the
Auditor OF State. This, less the first INSTALL
ment OF s35, 29689 paid, with the bonds before
mentioned, constitute the total State debt.
SUGAR BOUNTEs.
By the act of 1887, as amended by the act OF
1883, provision was made Tor payment OF
bounty on sugar manufactured in this state,
from beetS, sorghum, or other sugar yielding
canes, or plants, grown in Kansas, to the
amount OF two cents per pound, but no ap-
preparation was made to carry out the pro-
visions of the act. Under this law, claims
against the State have been fled with the
Auditor by a number of companies, for the
years 1888 and $780, which Will be presented
to the proper committees of your respective
bodies, for such adjustment as good faith re-
quires.
While the purpose of the Legislature was
doubtless wise at the time, in view of the late
act of Congress revising the tariff schedules
and giving bounty of two cents a pound on
all sugars manufactured in the United States,
a equivalent for the duty removed the
question is presented whether the bounty
offered by this State should not be repealed
MUNICIPAL INDEBTEDNESS.
The Auditors report exhibits the muni-
ctDaI iDdebtadDess of the state in detaiI
county, city. township, village, board of ed
ucatiOn and school district, the grand total
the first day of July, 1880, being s37 JIG, 81.
8s. This is divided among the several muni
cipalities, as follows: County bonds and
warrants, SIS, 23l ,6O4.SS; township bonds and
warrants, s. ,OS0, l30.Z2; city bonds and war
rants, 81 $780, 6426; school district bonds and
orders, $5,9U7, 477.98. The amount in sinking
funds July l, 1890, S62S,31695, leaving
net total municipal indebtedness on that
date of $50, 49I, 66O.3S.
On the first of July, 1884, the municipal in
debtedness of the State amounted to 81 $751;
S29.S6. On the first of July, 1886, it was ST.,
79,299.42 On the first of July, 1888, it had in
creased to S3I, lO7 646.9O. On the first OF July,
1890, it had reached tho sum of S57, JIG 977 .33,
less the amount in sinking funds, above
LOCAL TAXATION.
Municipal Indebtedness suggests local tax
alton, a burden voluntarily contracted by
the people of the various municipalities in
bonds voted to aid railroads and other pub
lie improvements. The amount or taxation
levied for all purposes on the assessed valu-
alton for 1880 S13, 482 1895, as follows;
State 81 585 7s4.sO: county, s4,I45 284.2O; city,
s., O54, 1850; township, SI,457 ,55n7I, and
school, 81, 23s, 1854 81, average OF S3,72
upon each 500 of assessed value.