The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-22
STATE BONDS.


Nobtey who gives attention TO tie
careful consideration Of the States finan-
cial condition presented in the pages OF
Governor LIrPITT's message can feel any
concern over the matter or do otherwise
than sI+rove oheerfulIy the executive
recommendation to issre State bonds to
the amount of half million OF dollars.
The stGie OF Rhode Island is today in
splendid condition. Rich and populous,
the running expenses OF State govern
ment are easily met, almost unconscious
Iy met, so far as the individual taxpayer
is concerned. The regular sources Of in
come furnish enough money and 10 spare,
although our State Is pehindhand in taxi
ing advantage OF means and methods of
securing revenue that have been developed
in othtr states. Our var debt of s4,CC0-
0CO has been finally wiped out and has
from the first teen so handled that it has
fesmed cnly light burden. Our new
debt today amounts TO a million and a
halt OF dollars, the bonds for the con-
s;ruction of our new State House.
Rhode Island has been peculiarly con-
servntive In the matter of it's administra-
tion of government and its development
and progress in those works with which
q sovereign state has 10 do. Within re-
cent years we have taken some big steps
forward. The era OF development began
with the new state House proposition and
however costly our State Capitol is to be,
the expense will be more than justified
in tho completed and absolutely satisfsc-
tory work that Is assur led us. We shall
never build another State House. The
debt now incurred will be wiped ont
and the Capitol will stand for all time. a
credit TO the public spirit of our day
and generation. We have built court
house at woonsocket and another at
Kingston. We have built an agricultural
college. We are helping to make
breachwny at Block Island. State.
armories have been built and more are to
be ruiIt. Tie Institution FOR the deaf
is ore OF the less costly but not less val
uabe State enterprises of which sovera
may be noted. We are now building a
State Normal School that shall be ade-
qunte to the demand for years to come.
In word, recovering from the obliga-
tions that were assumed to fight the war
of freedom and awakening from the fol-
lowing years of necessary economy to the
neglect oil the interests of State and peo-
pie. the State is now entering upon
period of development to meet the long
standing needs, the now imperative de-
a. Of
1t is for this work, already begun,
appropriated for and in some instances
contracted for that money Is wanted.
The State government has no capital and
the snnual surplus OF thirty years has
been devoted to wiping out the war debt.
Meanwhile much of the stats property has
fallen into decay, much of it has been
outgrowp. State house, court houses.
nrmories. normal school, all are neces-
sary. We should have had them before
now. We shall have them now and the
people will cheerfully vote the necessary
funds to ray for them and every other
Improvement necessary to contribute To
our health, wealth and happiness. The
money asked for by the Governor Is not
to be spent in running the government
nut Is TO be invested IN improvements
that will not only pay dollar for dollar
but tig interest for years TO come
THE DTsTRIBUTIoN OF SEED,