The comet. (Johnson City, Tenn.) 1884-1916, 1894-01-11
SKILL AND ENERGY.
What They Have Done Fer Ten.
nssses's Credit.
States Financial COAalLGoN The Rsst
In Many Ysars..The Interest PAID
Twice without HOrrsWluY.

NASHVILLE, TENN, January 9-Ths
great State ot EenneASee, though bur
dened with y bonded Indebtedness vi
oyer SIS 100000, 10 in a better financial
condition today than il has bt,u ~
any time since Tue war, Tue January
interest on the boNdsl rs being ito,npI'
ly met ia New York And NS.Gti!ie,
and this, too, without tho State OtIns
forced TO borrow cent. Only tGlce
since the war has the State been able
to meetits interest obligations without
having TO resort to the money lenders,
This was last July and now.
The quarterly statement OF Trelserur
Craig, printed In our advertising col
umns this morning shows that tile bal
ance in the treasury on jan. was
close to 100000, and yet last year was
worse, from financial poiut Of view,
seen during the lives of the present
| generation.
On Jsu. /, 1897, the balance IN the
treasury was SIS, 260,40. On she same
date there was due from the State y
note for $4,000 for money borrowed
to pay interest in July, 1892 This
note, with interest amounting III
$3.50, 40, was paid in February last. On
Jan. l. 1892, the State borrowed $780,
900 with which TO meet the January
interest This money and the interest
on it, amounting TO u SOC ,SS, was paid
on Feb. %.
The legislative expenses were some
100000, and then the DuBose trial
cost $1,000 or 5000, yet the present
administration has met all these
claims and paid nearly $500 600 in in
terest without borrowing,
This remarkable showing has been
brought about through the persistent
efforts OF the present financial officers
of the State. They have worked night
and day IT, avoid borrowing money to
meet the States obligations, and de-
serve the unstinted praises oftAe tax,
payers, and every one, indeed. who
takes q pride in seeing the States
credit maintained.
An examination OF the Treasu.er's
statement shows that SAC, S4150 has
been collected in delinquent taxes dur
ing the quarter ending Jan. l. This is
the largest sum ever collected during
the same period OF time in the history
OF the State. From Dec. 10, 1886, to
Dec. 10, 1888, the entire collection from
this source amounted to only $21 ,294
81. From Dec. l9, 1888, to Dec. IS
1890 $20O71,31 was received, and
from Dec. 10, 1890, 10 Dec. 10. 1892
the taxes paid in only footed up total
of SIS, 3S2,46.
The statement elbows that the ex'
penses OF the funding board for the
past quarter were $2,2365O. OF this
sum 81, 200 went % pay for printing
the peniteAtiary bonds. Three hun
dred and forty nine dollars went to pay
the expenses Of Treasurer Craig's two
trips, and Comptroller Harris one trip
to New York. About $500 was paid
70 Hon. A. B. Newsom for arranging
The cupons which had never been
pasted into books according to law
The balance was expended for express
charges, telegram, etc.
The deposit OF $3,705.14 in the Sec
ond National Bank at Columbia is in
litigation. The money was deposited
under special bond, but the bonds
men refused to pay it after the bank
failed, aud Treasurer Craig entered
suit against them. The Bank o.
Columbia whel it failed had $500
State money on deposit. This hat
since been reduced to $1,150, and $60(
: of this sum will be paid in few days
The statement shows that there is du,
from the Commercial National Bani
| O: Nashville S., 0S,95. Since Oh,
I, Estate nent was made Up, however, al
I but s3ort 81 ,GC0 o. this money hai
l1een 80 ned into The elsurv.
more than $4,000 has been saved =:
the Sale IN zoe mater OF exchapg,
/. EaloAe s'nce Che rev fGMioistratiol
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