The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-21

were made, the date OF passage, the
amouLt appropriated and the sum ex-
pended during the year 1895 under each
appropriation Is annexed.
The extraordinary and unusual expen-
ditures for the year show that $3.50. 500
have been Appropriated, OF which si79,-
17I.59 have been expended.
II Is evident thatNthe State treasury will
not receive any considerable income un.
til June. The total estimated Income 10
June OF $780, 600 will not provide for
the estimated expenditure of over S474. 900
during the same months. June /, 1885,
including the deficiency of January ],
1895, the total deficiency will be over
s3e5, 600. These estimates do not include
the sums that will be required to con-
tinue the building of the Rhode Island
Normal Schooi under existing contracts,
and those that may be required for the
addition to the Providence county jail,
possibly the State armory in the city of
Providence, and other extraordinary ex-
penses. The total estimated income for
the year 1896 ~ 81 $40, 500. The total or
inary expenditures Tor the year 1896 is
s1,470,0i6 A deficiency at the end of
1896 OF ordinary expenditures OF about
$780, 0c0 Is to he anticipated. 1t is evident
that funds must te supplied from other
thap the regular sources of State income.
The State Constitution, Article 4, Section
13, provides, "The General Assembly
shall have no power, hereafter, without
the express consent OF the people, TO
incur State debts to an amount exceeding
fifty thousand dollars, except in time of
war, or In case OF insurrection or invasion;
nor shall they in any case, without such
consent, pledge the faith OF the State for
payment OF the obligations of others. {"
The power OF the General Assem- bly,
to borrow money being limited to S50,-
0c0 II Is unable to remedy tie present
difficulty. At the time Of tho enactment
I'D el... 81 tt..w. ,f.es "A
penditures of the State were quite differ
ent from similar items ut present.
For the year ending Oct. 20, 1912, the
total receipts and the total payments
were little over S29l, 900. For the year
ending Oct. 80 1913, the total receipts
and expenditures were little over $685.
600. The power Of the Legislature TO bor-
row money was there fore limited TO about
one-sixth of the total business of the
State. The total estimated receipts and
expenditures for 1896 amount to little
over q, 500, coo. Had the Legislature
power to borrow money at the same ratio
TO the total business OF the State in 1896
that was enacted In 1912 it would be we'll
able TO meet the present difficulty.
IL is evident that the income OF tho
State for several years past rs been more
than sufficient to provide for what are
classed as ordinary expenditures and to
leave handsome annual balance. The
expenditures classed as extraordinary
have, however, not only exceeded the
annual credit balance. but have now
brought the Stste TO its present position.
The plan Of issuing Normal School
bonds, as proposed, will not meet the
The proceeds of these bonds,
after paying into the State the S197, 600
already expended, will have TO lie idle in
bank until such time as they are re-
qulreo for Normal School purposes. The
Sl97, 900 TO be paid into the General Treas
ury from the proceeds of these bonds will
not ho sufficient TO enable the state, dur
ing the next five months, TO meet Its OBJ
legations. The plan OF issuing bonds for
the general expenses OF tho state answers
the purpose. IN will enable the General
Treasurer tG maintain credit balance
until the taxes are received during the
coming summer. IL Will, also. undoubt
edly provide for such extraordinary ex-
peuditure ns existing contracts wii
oblige the State TO make during the pres
ent yesr.
CHARITIES AND CORRECTIONS.
The expenditure during the year for
the maintenance Of the different state In
stitutions In CraDston has been 1854. S5i
Notw II hstandipg the great extent and the
very substantial character OF tb" huildinos