The times. (Owosso, Mich.) 1882-1897, 1892-01-29

will guarantee the work to be done with
neatness and dispatch.
For Beginners n the Study OF stare
History
There are questions of taxes and State
financiering and cash balances that even
The Press has not mastered. The question
that came before the ways and means COM
mittees in the House of Representatives re-
spectvey in 1889 and 1901 was how
much money will be necessary to run the
State for the ensuing two years. In lSs9 IL
was decided that 81, 1871, 521.l0 were neces-
sary to be raised by taxation, i'm addition
to cash balance in the treasury. The same
question came before the same committee In
1891 and in addition to cash available ST.
443, $4,000 were to be raised by taxation.
The respective estimates were the subjscts
of action and examination by both branches
of the legislature and the governor. The
Question then resolves itself into one OF sim
pie arithmetic as to whether the amount that
State Treasurer BREASTED will receive
from all sources, State taxes in 1891, 81, 443.-
$500 and refunded direct tax from the fed
eral Government, $4,000, is not more than
Treasurer Maltz received from the one
source, State taxes, in 1889. The Press
chooses to accept for its party the most fla
grant charge of incompetency in financial
dealing in the following:
"From the above statement of facts and
figures II is clearly that the $500, 600 direct
tax money is OH hand.
That there is an excess in the Treasury
over s9 of S55, 900 over and above the $780,
600 direct tax money"
If this were so add the items of $55, 900,
balance In State Treasury from State taxes
of 1890 and other sources, 1920, 600 from the
United States and $1,443, $40, taxes OF
1891 far i'm excess of the total APP
preparation, ever made or used for
State purposes before On the hypothesis of
decreased State expenses why is this money
exacted from the people years in advance
of being needed for State uses. Are some
pet banks to be favored with the custody of
these funds? Good public financiering de-
mands that no more money be raised by tax
alton than is needed for public uses until the
next income is available. Even deficiency
met by borrowing is better than carrying
large surplus. The surplus in the U. ).
treasury was reduced by refunding the di-
rect taxes to the State and the democratic
party i'm Michigan, according to The Press,
has no more genius for government than to
Immediately heap up surplus in the State.
And this Is so soon after Cleveland's famous
expression, 1--WE are confronted by cOndi-
ton and not a theory" and how often were
the dangers of plethoric treasury pointed
out that even the democratic party should
have expected that Sopers surplus reduction
and be OH the keen lookout for the condition
confronting them. The shallow hOllowness
of the democratic papers in Michigan was
never more apparent than in repeating the
silly cry of "a billion dollar Congress-" the
same which appropriated 100000 to this
State and then using the money as assets to
base claim of administrative economy.
The State treasury balance sheet for Jan. a,
larger balance than it did in 1891 means
nothing and reference to it is but evidence
of lack OF business knowledge. 1t means
nothing more than If there is at one time
other time. The receipts and expenditures are
fixed and the State treasurer's balances are
determined for him. for by State revenues
and appropriations fixed by the Legislature
and the variations, are subjects OF business
chances. For example, other things being
equal the purchase of two folding beds in
January would leave larger balance than
if four were purchased in February. Only
of course the purchase of folding beds could
not be made in excess of the contingent fund
fixed by the legislature. Contracts for State
work made by the administration in power
are more usually audited and settled before
whose members have ordered the work.
For this reason the accounts of the work
authorized by the Luce administration were
settled as far as possible before turning over
the offices to that of Gov. Winans. The
same condition Of affairs does not hold this
year, hence the daily cash balance of Janu-
airy 4, 1892, as compared to 1891 is intended
| to deceive.
Kennedy's sweet goods, and Sears best
crackers for sale at Banister's.
Walnuts, butternuts and hickory nuts at
| Banister's.
Black Diamond Coal.
/