San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1894-05-04
TEXAS ALL RIGHT.
Hogg Prefers a Low Cash Balance
and Low Taxes.

duu LO" 4dAoS'
AUSTIN, Tex, May 4.--[Special. j
Gov. Hogg this morning, in long
conversation with your correspon-
dent in substance, said: "TeXas is
all right. l much prefer to see the
state treasury in its present de-
pressed condition, as the result
of low taxes, than to set
large "cash balance" as the
result of high taxes. Had the tax
rate remained at 20 cents, the sur
plus in the treasury would be to-
day over a million dollars, thus,
withholding from circulation
a large amount of money now out
among the people. No one can
deny the injurious effect
that such contraction of the
circulating medium would have
produced on the masses during
these hard times, with that amount
of money tied up in the treasury.
The stringent financial condition
of other states would today greatly
overshadow Texas; as it is, the
concession is freely made ev-
erywhere that in this state
there is comparatively less
bankruptcy and more universal
prosperity than in any other agri-
cultural state in the Union. / have
always been opposed to a large
cash balance in the treasury. 1t is
proof evident of high taxation and
it means rich government and a
poor people; it tempts men
from honorable pursuits to
hang around. the capital as Lobbyists
to promote schemes for extrava-
CANT appropriations and govern
mental disorder, and creates dis
content among the masses. No one
will be materially injured by the
scarcity of money in the treasury,
nor will the states credit be affected.
The treasurer will simply number
the warrants drawn on him by the
comptroller and pay them off in
the order in which they are num-
bered. In this way the money
now on hand and all that may
come in will be paid out impair
TALLY to the holders of warrants,ac-
cording to priority,so that any man
in the remotest part of the state
will be on an equal footing with
those at Austin or in the Capitol
building or elsewhere. No claim
now due will fail of payment
on demand, the interest to
become due next July on
the old unm atured bonds
will be promptly paid. The declara
ton made by the treasurer that he
will hereafter number warrants or
claims and pay them according to
priority, as the money reaches the
treasury will put all men on no.
tice who choose to deal with the
state or to continue larger in it's SER
vice. The practice will continue by
man in the state, until taxable
values are properly raised or the
tax rate is increased. Under this
system no one need lose a cent nor
shave his warrant much, if any, for
in his turn, with the most cirCum-
spect impartiality, he will get his
money without any more de-
lay than is usual in any
ordinary business transaction
or in dealings with countries, cities
and other states. At the worst, the
officials and employees who seem
willing to accept the conditions
without resigning, and the merch-
ants who are anxious enough to
sell to the state without murmur
or increase in prices, are about
the only ones that will be affected
by this necessary action of the
treasury" When reminded that
many charged the present situa-
ton of affairs to his mismanage-
ment the governor said: upon the
whole every impartial and sensi-
BILE man who is a friend of Texas
and good government must admit
that in the light of the facts the
truth will commend my admins
tration as prudent, frugal and eco
nomical, instead of joining in the
irresponsible and malignant mis-
representations that it has been
extravaganza in any particular"
SHOOT.
Rio Fra in nuhlin