The Houma courier. (Houma, La.) 1878-1939, 1892-01-23
MISSOURI FINANCES.


tho Receipts and Expenditures Of Public
Money.
JEFFERSON CrrY, No., Jan. 16 State
Auditor Seibert yesterday delivered
to Gov. Francis his annual report
showing the receipts and expendi-
lures of public moneys du ing the fiscal
year ending December 81, 1891.
Without regard to particular funds.
the aggregate receipts and expendi-
lures for the year are summarized thus:
Balances January 1, fs9i.......,.....S 9O4, ,46SsI
Receipts during year 1891. ........... 3949,lS2ll
Disbursements during year 1S9i..... 40 ,220ss
Balance in treasury January 1, 1892. so7, ,45S.1e
The report shows in detail the re-
ceipts and expenditures on account OF
each particular fund.
Concerning the management of the
state debt during the past year the
auditor calls attention to the fact that
the bonds and interest have been
promptly met when due; that during
the year S45O,OOO OF the SH
per cent. $50 bonds were
redeemed; that of this amount
500, 900 was not subject to cali until
March /, 1892. The holder of these
latter bonds agreed to sell at par and
accrued interest, and there being suff-
cient money in the sinking fund to pay
them, the purchase was made, which
resulted in a saving to the treasury of
the interest on the amount from Au-
gust IS, 1891, to March /, 1892, to-wit:
81, ,eS5. 80.
The bonded debt of the state on
January /, 1891, exclusive OF school and
seminary fund Certificates held in trust
by the state for the benefit of these
January /, 1892, to S7,0S3, 600. During
the year the bonded indebtedness OF
the state, as evidenced by school and
seminary fund certificates, has been in
creased SG51, 1858. SO. This is due TO the
application of the $646, 95S. 90 of direct
taxes refunded by the national
government in 1891 as permanent en-
dowment Of the state university and to
the issuance of certificate for $500
paid into the treasury by R. B. Price,
treasurer of the board of curators of
the university, to the credit of the sem
mary fund The aggregate amount OF
these certificates outstanding on Janu-
ary /, 1892, amounted to $4,831, 94s. 23,
educational interests of the state.
AS regards the future rate of taxa
ton, the auditor closes his report with
the following significant paragraph:
''Section of article 10 of our consti
; tuition provides that whenever the tota,
valuation of taxable property in thG
: state reaches the sum OF 5000, 000, ,0Oi
|" the state revenue tax rate shall be re
duced from 90 cents to Is cents on thu
500 valuation. By reference to thu
Q abstracts of the assessment found IL
the appendix to this report it will b.
. seen that that point has been reached
and, unless the state board of equal
zation, which meets the last Wednes
y day in next February, shall, i
euualizing and adjusting tn
valuations of the several spe
cies of property between the counties
reduce the total to less than 5000, 900
900, the levy tor 1892 taxes must be re
u duced to the rate of Is cents on the $40
5 valuation. This board, at its meetiu
q in February, 1890, fixed the total Walt
alton at $500, 772, O99. IA, including raj
ID road, bridge and telegraph property
n When it meets next February the al
N stracts of assessment ofproperty in tn
n counties certified to this Office will, wit
ID the valuation of railroad, bridge an
le telegraph property, foot up probabl
Is about 500, 100000. 1t is evident {
N a glance that levy of Is cent
E. on the S1OO valuation in 1sE
Is on an assessment of 1910, ,OOO, OF
u will not be sufficient to meet the tran
.e fer of one-third of the receipts into I'll
l. revenue fund appropriated for 1899 b
ID the Thirty-sixth general assembly, fc
ID the support of public schools and
ID pay the expenses of the state govern
rt ment The difference between th
IT taxes raised on this sum at this rat
'r will be $500, 445. less than 20 cents o
y the S1OO on $s77, 722, ITO, the total q
sessment for 1891 taxes. This is ser
n GUS problem and must be solved, for
IN will be impossible to meet the demand
10 on the revenue fund with reductio
of $3.50, 445 in the receipts"
e.