The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-12-26
STATE ALSO MAKES MONEY
Cripple Creek Also Helps Out the Fears of
the Public OficiaIs.

| Denver, Colo, Dec. 25.-The gold eff
| fectS of the remarkable mining devel-
| opnent in Colorado are directly appar-
rent IN the increased state revenues
| There is a subSta ntial fee required for
the registration Of Incorporation papers,
and since Nov. l the receipts for that
account in the office of secretary OF
state have averaged about 81 900 per
| day. An estimated deficiency of S125 OOg
| at the date was reduced to 81, 500 be-
fore the end of the month. This was
| not all from the one class Of fees, but
| pretty nearly so.
Instead of a deficiency for the present
| fiscal year, beginning Dec. l, a hand
| some surplus IS anticipated, and that
| without any increase in assessment tax
es.
The insurance department courts on
a considerable excess of revenue be-
yoTd expenses in THE way of fees from
new companies that are TO open agen-
| cleS Within the state.
| StI1l another source from which a
| large revenue is expected is the royalty
| to be received from mineral leases from
| the state lands. Many OF these leases
are being made and the general pros
| peoting has resulted in finding good in
locations in a number of places on the
| states property. This raises the ques-
ton whether this state, as well an 9TH
els, may IlOl duOpl d system OF TAXA
ton which shall make the corporate
franchises it grants, and which are Of
immense value to the grantees, contlt-
| butte the greater share, if not all, of the
state and municipal expenses. This is
particularly a pertinent question in the
mining states, where natural resources
are of such enormous value, and where
the revenue may, without causing any
hardship, be made contingent upon the
output.
The experience of Illinois with its di-
rect percentage tax upon the gross re-
ceiptS of the Illinois Central railway is
suggestive as to what might have been
if the same policy had been pursued as
to all other railways in the state. 1t
would not only have covered the entire
cost of state and county government,
but it would have provided enough be-
fore this time to have put the common
highways Of tine state in good condition
both for the public use and to the di
rect advantage of the railways as feed
ers to their systems.
w. S. Stratton. the luckiest single
mine owner at Cripple Greek, is ar
ranging for the erection of a large cleo
tr'olytic reduction works. either at Grip
pie Creek or Colorado City. II is the
system already in use by the Anaconda
company of Montana, where it has
been proved thoroughly practical. The
generator, already purchased, is an inn
menSe machine, in which tine engine
power to drive ii is directly combined
with the capacity of producing 1000
ampereS at a pressure of only twenty
five volts. II combines the elements of
efficiency, safety, and economy. When
in operation the extensive output of
the Independence mine will no longer be
shipped to the smelters.
The bear movement, to take advan-
tage of the holidays and depreclate
stocks, so as TO load up for an advance,
which is expected Immediately after
the turn Of the year, has been only
PANTY successful All stocks of any
merit have been strongly held. and In
most of them some advance has been
made, in spite of the bear influences.
The railroads are reaping a harvest
and the officials are in a, happy frame
OF mind. The Denver and Rio Grande.
under the able management of Mr.. jeff
cry, has recently paid its first dividend
for a term of years and its earnings
show a stead increase from week 10
week. 1t runs four sleepers every night
from Denver and one from Colorado
Springs. and all full. It is a round
about trip via Pueblo and Cripple Greek
but the distance does not count for
much. as it is a night run and trains
arrive at Cripple Greek at a convenient
and comfonta bic morning hour.
The Midland is earning sufficiently TO
permit rapid reduction OF its outstand- !
ing indebtedness and to enable its Off /
GERS to do some financiering which pro-
videS for extensions and improved |
equipments. Five ninety-five ton freight |
locomotives Of the very best class have |
just been ordered from the Schenectady /
works.
1t must be constantly kept in view. /
too. that the Improvement noted Is not /
local TO Cripple Creek The whole state /
IS involved Taking the state as a whole /
the increase of population cannot he /
less than 800 daily. or at the rate Of 100,- |
0OO rsar wear