The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1896-10-10
S $4,000

of these issued under the acts of
1889 and 1891 came down to us as a
heritage from the territorial govern
ment, the refunding Bonds of 1891, is
sued at lower rate of interest than
the old territorial bond; and these Of
1889, being authorized by the act of the
Fifteenth Territorial Legislature, pro-
viding for the construction of the first
State wagon road.
The Normal School Bonds of 1895,
and the Asylum Bonds of 1895, aggre-
eating 100000, were authorized by
the last State Legislature and are paid
out of special fund created from the
proceeds of the sales of lands and tim
Der granted to the State principal and
interest, are payable out of that fund.
The interest however, being chargeable
against the General Fund of the State
until such time as the lands are sold,
when the General Fund will be REIN
bursed. The bond purchasers were
abundantly satilied with the security
the State offered, to wit, the proceeds
or the sales.
These two items, that is to say, the
bonds of 1895, are not properly and
and cannot be charged against our cur
rent revenues. and this leaves but $780,
900 of bonded indebtedness incurred
since statehood, property chargeable
against revenues to be derived from
taxation in the the state. The yearly
interest charged on all bonds now out
standing amounts to S2l ,23O.
The books of the state auditor show
that there were outstanding warrants
on the 2lst day of September, 1895, to
the amount of $2O9, 1872, and that as an
offset to said amount of war
rants outstanding there is revenue
available on or before the LIST
day of January next in the sum
of $256,711 leaving of available rev.
enue for the remainder of this current
term of $46,979 to meet expenses
from the 2Ist day September, 1896, and
this is amply sufficient.
The total appropriations made by the
last Legislature amounted to $469,640;
the annual revenue for 1895 and for
1895 was S2S1OO0 making total of
$4,000; but so carefully have finan'
ces been handled by the present state
administration that out of the remain
ing S46,979 of available revenue,
portion of which was derived from
sources other than that of taxation, to
wit, $T,645; and the Republican ad-
ministratlon, at the close of the present
official term, will be able to say, we
have not exceeded the approprla'
tions.
It will be remembered that, since
the admission of Idaho as a State, we
have been compelled to incur many
extraordinary expenses incident to our
commencing the business OF state
housekeeping. 1t will be remembered
that soon after our admission as
State, the Insane Asylum was de.
stroyed by fire and the rebuilding OF
that institution cost the state $3o'OVO
and there were other expenses which
many people forget. The extraordin'
airy expenditures may be tabulated as
follows:
Rebuilding Asylum. ........S S 50'000
Worlds Fair .............''''' T ToiO00
CRur d'Alene trouble. ........ io,o o09
Improvement of Penitentiary. l6'g g00
Improvement of Asylum. o 9'900
G : Ia eeSV Home Home .,,,..... 25,000
Total ....S 7O,15O
Tt is unnecessary to comment upon
the appropriation for the rebuilding OF
the asylum, for the Worlds Fair or
that made necessary by the C@ur d,
=. sssa...Tk,r. buf If ig Well TO call