The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-07-05
THE STATE TREASURY.
THE CONDITION THEREOF GROWS
DAILY MORE CRITICAL.
In Addition to $500, 900 Shortage on Reg
istered Warrants Alone, There Now Bobs
up Shortage Of S94,347 so Worth
Of Interest Which Must be Net.

AS was stated in The STATESMAN
last week the treasury ran up on the
first day of July with a shortage OF
100000 staring them in the face In
asmuch as this amount is due on war
rants only it certainly looks gloomy
to contemplate another shortage, but
such an issue must now be faced In
other words outside of this $500, OOO
shortage on registered warrants the
treasury must now wave the flag OF
truce on the question of paying $94,-
347 SO interest now due on outstanding
onds which interest falls due this
month. The interest," is due on the
following bonds:
Revenue deficiency bonds Deem
Der 2, 1871, $261 900.
Floating debt bonds March 4, 1874,
$29S 900.
For redemption of State debt July 6,
1875, 81, 647 900.
For retiring outstanding bonds and
for deficiency in revenue April q,
1879, $1,06S,9 900.
The bonds bear 5, 6 and per cent
interest, and the aggregate for six
months is $94 947.50, as given above.
Next January the same amount Will
be due again, inasmuch as this inter-
est is payable in January and July.
Thus it may readily be seen that
the state treasury enters upon
the month of July with
a deficiency OF $500, 900 IN
round numbers with little in sight to
better its condition. In view Uf this
fact why will the gu0ernatorial can
didaues persist in saying that they
will not increase taxation but will re-
duce the clerical force in the state
government departments and there
by save the states money. They can
beat around the bush as much as they
choose, but they can not evade
the issue-taXes in Texas
must be increased and there is no use
for the gubernatorial aspirants who
are making daily harangues out at the
forks of the creek to say TO the con-
trary. This is a time when Icing
does no good and subdifuge is decid-
edly worse. Instead of decreasing as
the months advance the shortage in
the state treasury is going to increase
When the shortage first became known
it was wisely affirmed that it would
not exceed 100000 by the first Of
January. 1t is already $4,000 and
yet it is only the first OF
July with six more months yet to run
on. There is little prospect of any
more money coming in until the tax
roll payments begin coming in next
February and there you are. Instead
of getting better the condition is get
ting worse. Instead of talking about
cutting down clerks in the depart.
ments. Instead of talking about the
railroad commission and the national
financial question, the able voter of
Texas would much prefer for the
gubernatorial aspirats to touch on
this deficiency question. ls it
too tough a problem tor
them or have they very wisely come
to their safety lies in totally ignoring
the treasury deficiency? If they can't
explain the deficiency the voters
would certainly like to hear some
remedy suggested for the evil Def
cheney is like a disease that once set
tied in the lungs of state treasury
needs immediate attention. Neglect
is sure to prove fatal TO the interests
of the state from every point OF view.
Give us a point or two, oh worthy
eubernatorial aspirants, on this de-
ficiency question.