The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1895-01-03

Referring to the condition of the treas
ury, the report says:
GAS is shown by the tabulated statements
very healthy y condition. During ' the ne past t
year the general revenue fund has grown
to such proportions that, in my opinion, a
t tSa o Of tw Vo 2l Of mil in
can safely be made and still maintain the
liberal appropriations for the various state
aae ans charitable and penal institu
lions, public buildings and improvements.
State Debt. .
1.-THE total amount of the funded debt
OF the state on Aug. l, 1898, was as fol,
Minnesota funding bonds use)
Mill esota revenne and building g 0'''oo "
Deduct het"t cash in sink Co., GOO 90
p iag fqnd da ;:'.i IN rs :s5's71 80
demption fund -. 80 321 IS 81, e9s II
b bstSa 5 Is4 { aeet scnsi So
the state was reduced $4,000 by the re-
Tnc tot vas paid non tie
Of business July 81, 1894, is as follows. VIZ.
MINNESOTA funding bonds 1Sa2) 7s
37a per cent ............. 81 $3.50. 900 on
minnesota revenue and building mi
bonds (1SS9), per cent. ...... 600 OO
noi Total :;..;:. .:.......... 81 ,e5e, 900 @
dsnptio sa: fund i !. !: IS So, 1874 60
sinking fund -. 26,es2 % 6e,s16 50
Actual state debt ....... :. 81 49,, 1ss Is
State I,cbt. 81 &
THE Minnesota revenue and bu,ld,no
ponds QSS9) were primarily issued to hridge
over temporary overdraft in the general
fpY<9
any time when in funds. In view Of the
large sum Of money In tile treasury belong.
e no ens ge1@nral rSTenue fund wond
as ihereof ps Ss OF
for the redemption Of these bonds ntdis's; Th,
re OF the lax providing for tax levy
p eoud fRe Of fo13 il for
taxpayers to that extent" ."e
The report recommends that the law be
s SO amended as to permit the Investment Of
any state IN the Union, or even in county
i ana te1tT y, bonds IN the State Of Minnesota
1TSeI The total increase to the state from
s s5at &c Col Bebleter has held the ONCE il
SSoo,52SlS., No other state in the Union
sSs asrlge Se such rsnes' large income
t recommended; and an appropriation in lieu
{ hnsInt3 for the payment Of timber culture
tSa ne not Attention 1th Is called the fact
to 90 out TOT the sne psd9isPns 10 Of
text book law has expired bV iimit $4,000
nnd IL Is RECOMMENDED that the $4S, 900 re-
To mn ra IN the tnnd should be- transferred
preparation was originally made, Att rg ~,
is 1;ra also called to the fact that county treas
ryng OF ordery "a counties
that was paid as bounty on wolves after
me bounty law. of 1893 went into effect
1Th ~ + auditors and treasurers being
ca mat, that the legislature pass a law for the
payment OF this money, in view of tha fant
t ,1at{ the change in the law went into effect
WNhout due notice. eS'
Col. Bohleter's valedictorx
The report closes as follows:
IN transmitting to you this. INV s,os+ ~
RH oit as state treasurer, 1 desire to embrace
Itls opportunity to- thank the people Of this
honor of four successive elections ns td gr fht
t tSeiy responsible position of treasurer Of
y yeis s re nv The first six
put put none can know the terrible anxieties
9eo OF state funds in the several stnte
cal panic Of 1s9 and sincereiS h hue man. nan
Zone tSne OF my successors will ever have to 90
TO the s' o9her e eEcers 10th .t,t
p most ny pe se1al n relations
e e0ueta my heartfelt thanks for the Uniform
uhawN IA ana so0o VIII they have always |
,om ~ cannot nnc leave the department after 80
bebaf y Rfer1U v OF service without saying in
have f9und them faithful, industrfous and
ef ttsa Without such service the admin.
difficult as we'll as a disagreeable task. WIFI
suG s force OF clerks, on whose honeaty
ana hdelity and industry the treasurer must
one to administer. / do To- not Sd
hesitate to say that their service is by no
means adequately. paid in comparison With I
OF much less