The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1892-01-08
JOHN MARSHALL STONE.
THE STATES FINANCES PAST AND
PRESENT REVIEWED.

Hk DIhIk'S fINANVkS TANi AMI
PRESENT REVIEWED.
4 Half Million Dollars In the State Treas''
nry.
Appeal-Avalanche. .
MISSISSIPPI BUREAU APPEAL-AvALANCIIE,
jackson, Miss, Dec !s23, l591.s
Public finance is always a sub
ject OF interest osthe taxpayer
When Governor Stone was induct
ed into office nearly two years ago,
the treasury was found to be short
upward OF $3l5,C00. Nevertheless
the finances OF the Stale seem now
10 be in good condition. This
shortage grew out flhe Heming-
way delalcation, and although
twenty-five months have elapsed
since It's discovery. there is not
even a well defined suspicion as to
when, how or whtre this enormous
sum went.
The last Legislature authorized
the Issuance and sale OF IA large
amount of Stale bonds 20 supply
the deficiency. but by 4 little ju-
dicious financierng, the necessity
of selling the bonds was obviated,
at trilling cost, and large
amount of interest saved to the
S'ale. The expenses OF the cons,i-
tutional convention, amounting TO
not less tllan $4,000, were paid in
1890 In addition to this, State
bonds, bearing S per cent. interest,
amounting TO Sl55,000, and moi
due until January. 1895, have beer
called in and paid; and a new asy
lnm for the colored insane OF the
State has been erected and furnish
ed at cos OF 100000.
| The receipts in the treasury
| for 1890 wCre..... ........Sl 2Jl ,693 b.
And disbursements for same
| year. ..................... l,l5o,2|l Z
Leaving a balance of receipts
IN the treasury amounting to 5 So, 422 8
In 1891, up to dale, the receipts .-.--
| have been, say. ay.............l.2o 2ol2l w
| And disbursements .....---..l ;lS1 ,99o v
Leaving in the treasury ofthis
amount t....... .......S 63,22O o
| Estimating the receipts for ti.'
month OF December by the usua
average, there will be in the treas
urv on January | not less thai
| 100000.
This must be regarded, unde
the circumstances, a good linan
clal showing for Mississippi, an,
the State government has been ad
ministered with as little frictio
during the last two years rs eye
before in lis history for the sam
period.
Thisi is no new feat, however, 70
Gov. Stone. As president of lh
senate IN 1876, he succeeded to tn
govenorship vacated by the pre-
clpltate, enforced and ignon.inou
flight of the carpet bag governor
ALelberl Ames. lie found th
State heels over head in debt, an
taxation at y mills. Before h
had been in Office 60 days taXalio
was reduced to s. mills. Th
next year it was reduced to 5 null
and the next year to 5! mills, an
when the Legislature met again
was reduced to 3 mills. lie wa
re.nominaled by his party, an
served a regular term Of four year
which, added to The fractional pO
ton of Ames' term, made h
holding six years. During This 81
years the outstanding indebted
ness OF The State was paid eft, an
on January l, 1882, when he lal
down his trust, he left a cash ba
ance in the treasury OF S545, lO6 2
A candidate for re election in 1SS
the field combined against him;
: four votes of nomination, after
+ proracled deadlock, he was al
5 preached with "A proposition Tn
t victory would perch upon his ba
l ner at the next ballot, provide
2 he would appoint certain M
e to a high office soon to be vacar
) The tender was spurned. His fiji
went down. But its folds were
i clean as the hands that held
Eight years thereafter, over Il
/. protest of politicians, the peop
called HIM back, and The Constil
lional Convention heightened Il
s term for two wears. John M. Stol
{ is a patriot. lie would not tlatt
n Neptune for his trident, or JOY
!. for his power to thunder. In pea
S he is gentle as the gales Of sprin
/ in war he was he mountain storl
n and his blood drenched more th'
v one Virginia battlefield. OF Il
e people, from The people, for Il
Il people, the public veal is bis fiji
1 concern. In the administration
$ bis office he knows neither triel
Il nor foe, color nor nativity. II
IS remarkable man was born i'll Gi
/. son county, Tennessee, in is;
c. He moved TO Mississippi IN Isl
II Mississippi returns to her slst
State grateful thanks for havi
furnished her such a devoted, co
It petent son.