The Providence news. (Providence [R.I.]) 1891-1906, 1896-09-22
A MESSAGE.
One to Be Sent to
Assembly.
Will Deal With the FL
nanccS of the State.
More Money to Be Asked for
at Coming Session.
Funds Needed for Normal School,
Militia and Census.
The Special Commission on Revenue Will
Hold a Meeting Mkt Friday.
More Money to Be Asked for
at Coming Session.
Funds Needed for Normal School,
Militia and Census.
The Special Commission on Revenue VIII
Hold a Meeting Mkt Friday.

The mem bers of the General Assem- bly,
will aeet in special session one week
from today at IL o'clock. The business
which calls the Legislature together ut
this time of year is of financial nature,
and the mem bers Will have the revenue of
the state to consider and IN all proba bill
ity the principal source OF thei- infor-
nation win be another message from
His Excellency Governor Charles Warren
Lippitt. This will be the third within q
year.
The problem Is apt to be somewhat
more involved py the calling for extra
appropriations at this special session.
The Normal School commissioners
asked for an appropriation Of si10,0 900 at
the last January session, but ~ the re-
suit of general scaling down they receiv-
ed but $4,000. Now more money is
needed snd must be had before the regu-
lar session In order to 60 on with the
work.
A member OF the commission said to
day that II that $50, 600 which was taken
OF In January could be replaced now II
would just about cover expenses for the
rest of the year.
Adjutant- General Seckett wants more
money for the militia department, and
wants it at the special session. The an
nusl appropriation Of sS7, zoo Is exhausted,
partly as the result of payment of last
years left over bills out of this years al
lowancs, and more money must te mad
to run the department.
The census bureau will need another
appropriation In order to complete its
work, but will probably not ask for 1t at
the special session, inasmch as there is
enough left from the last $40, 600 to pay
the bills between now and January.
The financial situation of the state 10
exactly as it has been for the past twenty
five years. The present furor 10 peculiar
to the present administration and the
special session, the frequency of executive
commiss loners to consider the revenue
OF the State are the result of the Gov
ernor's objection to the states overdraw-
ing its account temporarily at the Rhode
Island Hospital Trust Company.
For the last quarter Of a century there
has been mutual agreement between
the state and the trust company by which
the state could overdraw In anticipation
of its receipts from the town and city
taxes, and the ae reement also stipulated
that the Trust Company should charge
only three per cent, the same rate that II
paid on the states deposits.
This was what Governor Lppitt OBJ
about 1t will be remembered that he
recommended a State bond issue Of $780,
0c0 last winter This did not meet with
the approval of the Legislature and as q
substitute method the tax assignment or
der bill was passed. This authorized the
general treasurer to secure money in anti
cipation OF the June payment OF one hal
the state tax by selling assignment orders
on the several towns and cities. The en-
tire lot was taken for the first payment.
On THE second payment, due Decem Der
10, only one tax order has been sold.
That is for the city of Providence and
amounts to s15l, 900. Orders on the other
towns and cities will be disposed Of as
the State needs the money.
To secure the funds In advance by this
method costs the state four per cent.
which Is just one'per cent. more than
the Hospital Trust L ON psny would charge
IL the usual method OF overdrafts was re-
sorted to.
The amount which the state had on
hand last Saturday night was si45, 0OO.05.
The estimated income for the rest OF the
year Is sl25, 900 so that the states aggre-
gftive sssetis for the remaining months
OF 1895 is 500, ,OO0.05. What the liabilities
will DO remains to be determined by the
action OF the Assent bly, next week.
The state auditor Is busy In preparing
estimates but does not feel at liberty TO
make any statement for pu Diicstion fnnd,
az he is getting the informstion In shape
Tor the Governor to use in his message.
The special commission on the revenue
Of the state has no report prepared and
will not have . complete one for tn spec
ial session.
The resolution by which they were
appointed calls for their repoat at
the next January session aud Chair
man Freeman does not think that
the report will be furnished before then.