Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1894-12-20
Figures Presented by Treas
urer Nomland in his Report
to the Governor.
His Financial Operations Are
Conservative and Careful
in Character.
The Permanent School Fund
ExcelIentIy Managed and
Securely Invested.
Cash in the Treasury at a Low
Ebb-Recommendations
Made.

Made.
Treasurer Nomland, Of North Dakota,
has made bis report to the governor for
the fiscal years ending Oct. 3lst, 1893 and
June 30th, 1894. The report shows the
finances of the state to be at a low ebb as
far as cash in the treasury goes. The
financial operations of the treasurer, as
shown by the report, have been of con-
servative and careful character and much
of the campaign 'ghosting" that was
done, and seems necessary to be done in
every state campaign, is shown to have
little or no foundation.
The treasurer gives complete tabu-
lated statement of the various funds OF
the state; money paid out, the amounts
received. and his report is an interesting
commentary on the legislative extava-
gances and close times that have pre-.
vailed in the state during his term. The
report IS only made to June 3Oth, 1884,
and several Of the most important trans
actions of the year are therefore not in
cluded.
The treasurer says that he made ar
the old capitol funding warrants which
became due IN Apsll last, the state being
unable to pay them.
The bonds for the new wing OF the
capitol building we're all placed, not how
ever without some difficulty, owing to
the alleged uncertainty OF title to lands
which were donated the state as security,
$4,000 Of the new capitol building fund
bonds we're sold at par this year and slO,.
600 of the same fund last year. Out OF
this money the new wing, a most hand
some and imposing addition to the capi-
tol, has been built and furnished COM
plete, with the exception of desks for the
senators. The money has been used with
care and it is believed that the state has
obtained nearer value received from this
expenditure than for any public fund
spent for building purposes for many
years. The structure is substantial and
ornamental.
Treasurer Nomland recommends that
the section of the law which makes ap.
preparations for the Soldiers Home a
special fund to be transmitted every GO
days to the institution be repealed as
lmpracticable and unwse. The money
received for this purpose goes into the
general fund and its apportionment a
difficult matter to carry out as the law
requires. The Soldiers Home managers,
who issued certificates Of indebtedness
for building purposes in excess of the ap-
preparation did an unwise financial act.
according to the treasurer. The holders
of these certificates have repeatedly de-
manded the payment of their interest.
The treasurer says the certificates have
injured the credit OF the state aud such
debts ought not to be encouraged or tol-
Grated. The interest, however, has been
paid. It is the same with the two Normal
schools. Certificates Of indebtedness for
material and supplies we're issued as
trick to get the state into debt and trust
to subsequent legislation to foot the
bills.
In the various funds OF the state Oct.
3lst, 1893, there were, all told, sll4..
HAAS. The receipts since that time have
not been what the legislature expected.
owing to the short crops and tho delin-
quent taxes. There have been paid in,
however, since that time from building
bonds sold, refunding bonds sold.
and the school fund, gross earn
lngs tax, insurance tax and the state
taxes, q total OF s636 ,O2688. The per
msnent school fund contributed to this
amount S1lO,322.7 70 and the state tuition
fund, from counties to be apportioned
back to the various schools, s9S.37O.S6
There were $4,000 OF refun1iDg bonds
sold. The convict labor at the peniten.
tiary netted the state $l,725.8S. The
school interest and income fund taxes
were s123,2l33.
A curious little item in the history of
the state finances is the one Of $3O4.13
that were refunded from the Worlds fair
money. This may be considered phe-
nomenal incident IN the history Of North
Dakota finances.
The commissioner OF insurance will
turn in 3741.5O in fees and one Of the
most lucrative Of the state incidental re-
ceipts was the insurance companies tax,