The Red Cloud chief., 1897-01-15

yet quite apparent that the Indebtedness
Of the state Of Nebraska Ii comparatively
light. II In no greater than that Of many
other states whose opportunities for Great
tng q large bonded indebtedness are not re-
stricted by the fundamental law as ours.
II Ii interesting In this connection 10 study
the grand assessment roll OF the property
Of the state returned for taxation. show
onG the total assessed valuation thereof,
Tor several years. as follows:
NN0 ACKNOWLEDGEMENTS. Si%. TO. 30t.a
l6l .............,. .............. 1S3. 13s. 236. 2S
lSS1 ................ ........... 1s5, AZ. ZIG. III
IW0 ............. ................ 1gf, I33. 12f.l3
1917 ...., lS, III. t9S. Is
Iso ''",''''''"'.' ........'... In.tts,20,.s
IoS0 ...s'''ss''.... ............ l6I,OIs ,2iO.3I
The census Of 1890 discloses tina the
value OF property Of tho citizens OF this
state Is estimated to be 81. 2i5. 6&, 5l4, and
the actual value Of the sssessahle property
In the state at this time must be con-
siderably more, and yet. as shown by the
assessed valuation OF all taxable property
for the year 1896. the valuation Is placed
at but little over one-eighth OF the actual
value based on the census returns Of 1890.
THE GENERAL FUND.
The large amount accumulated In the
general fund mentioned above, $3.50, $40. 80,
b one OF the features seemingly calling
for some comment. II IL dlficuit to under
stand why this large sum should be al
lowed to In the state treasury
with 30 great amount OF outstanding war
rants unsatis1ed. It would naturally be
expected that such q considerable sum as
this would have bean applied to the reduc-
ton OF tho states Indebtedness as rapidly
40 II accumulated. as Is provided by law.
demand In the exercise of prudent
business management In the discharge OF
. public duty. In defining the duties of
the state treasurer. the law provides that
he II ITO dlsburse the public moneys upon
warrants drawn upon tho state treasury
according to law and not otherwise" It
y also povided In section I. chapter %.
that AL warrants upon the state .
shall be paid In the order OF their
presentation therefor" Section 4 provides
that ut shall be the duty OF every treas
urer to put aside In a separate and sealed
package the money for the payment OF
each registered warrant. In the order OF
its registration. As soon a. money sum-
Client for the payment OF such warrant Is
received to the credit OF the particular
fund upon which the same Is drawn, such
package shall lie Endorsed with the num-
Der and description of such warrant, and
the name and address OF tho person In
whose name the same Il registered. and
interest upon such warrant. shall there
upon cease, and such treasurer shall by
mai Immediately notify the person in
whose name the same In registered and
shall indorse the date OF the mailing of
rh,. d, III, ~ oh.anS rse~a
A. ~ 1872 ,na was
fund should be allowed to accumulate
when there were outstanding warrants
drawn against such fund. and that as soon
~ sufhcient money should be paid into
Us e".n wsIian'
~ >ne oIue' y. ~ 'us.s.ia.o", ma. inter
""u s.am $500 y . "
uus renosc1 a,om .ur.ne. "uDuu.y On ao-
csunv u'e..s.. VIM. :. nay
D AID THAI q literal compliance with the
S.Ssu. sovso s wou.u DO very
S.ncu.t oscAuse VI inc sreat voIums OF
vusnoss csus'oa . n IN oonneouon Win .ne
VOL. .. ,ne STATE .Isasury, yet is spirit
oouIo 90 Iul.y eompi'ea Win ~ making
prompt on seheraI tund war
ssn's r.piu.y Us ,unus ocwmu'ateo IN
xne s.a.S treasury lneIe,or. fnis sct OF
ns s,sntur JOIN III !etter aha spllIt:
neems 70 ave uoon enuIe'y ignored ana
nc Sener.' .unu, ssAlnst whIch Z Iarse
enou"t oL vue.nnunnH "A[lants mas AZ
Wy eAstca, anowea 70 70
uiileh coiisIs' Inn meenoo OF aisposine
= tne stAtes uusines. put IN aouitonai
vuIoen upon tne tAApayers uy inc accu-
1u'a.lon OF 1lso A'hou". oi 'nterest on
Sns untedeemeo warrents mus hegiected.
49, snoahse,. the states !htereeps
wnicn eouio properly nave peen oisouIseo
~ csnce,hhs shis indeptedness ~ rapso!y
possioie. Tns sugsesuon that the siate
!, receivins interest on the money mus
sioweo 20 IN TINS unususl
msnheI may properiy 90 met WIN inc
:sstoMeht mat sucn interest 10 only ~
tne rete OF 2 per oent per annum' WINE
vac s'S.es warrans are ora"ins . per
Csn'. AZ may turther DC said mat ~ "a
Sns uu.y VI inc state, tnrousn Us repre'
sen,suves' 20 nauiuote lts ihaeo.eohesS a.
ssp'uty ~ iunas cumuIate IN tns consc'
sson OF revenues torthatp purpose ana mere
snn1ne,nx tns va,ue OF us own 9Snss;,,
So"s. LiAo"iss. 70 the us.csooh 'nst y
ess been critical period Tor the bank
ane sta.e' ~ wen ~ LOT business 'h.er'
~ ~ Aihus. ~ Gun oe repneu .na,
she sta'e u uhuer no ~oohsatiohs ann ina,
%..se.' ILL., pernicious ooclrlne 20 hoie
~ .no puonc revenues may % us.u ~,
~. pu.pose VI strenkthsn'hs any prxa.'
snaersses os ehterprlses o. any ehaaAcse.
- espeoaany 80 whese tnere are supeIio'
0s ssain.t sucn ,uhos upon sne pa.
ene o.eoi.ors Oh the state. Inc STAY
no. supposeo 70 I'VE ~ revenues 10
sns puapo.s VI sn.e,."s INTO .ne oann
cusin n 20 Sepos., us tunaS up'n II
0I00{ GueOIY Iuun InAI IntY dT6 10 ~