Warren sheaf., 1897-01-14
State Finances.
Total


a2sds;ns @sas !o I ths the soss seea
institutions and appropriat lions have bean
made on the basis Of those estimates.
ceded to. construct the structures author
lied by law. the appropriations are found
barely sufficient to erect the buildings.
equipment must then await the action Of
the next session of the legislature or be
Penses. thus seriously interferins M t with i
the operation of the institution as con-
Th5 opeas e BY he Wsv ay
faith or poor management. Possibly this
Sondition con ut on cannot always be prevented,
agement, it should be guarded against as
fully as practical. To this end I recon-
mend ananttt: that state institutions asking for
the same, always including proper equip
and appropriations for the same. the cost
Of aspa5s ahd Of new
SSigid system Of accounting insisted @ 4 upon: more
Such a system should limit the use of
current expenses from being applied for
repairs and equipments that can be fore
seen and brought to the attention of the
law-making power.
Shifting the Tax Burden.
IN an agricultural community such as
most of our states were fifty years ago,
private ndivduais and is n readiiy nanaS aeacbed cd
by the assessor and made to bear its just
share aCao Of TT the burdens Of goyernmsnt Ihis
complicated. financial 'institut!ons &C of ~ a
the whoe probem Of fsxa9ien IS h9s9Rf
and all the old methods must be modified
rssnce seey ueon and ND 1d f5 | SI
commonwealth such as ours tends rela-
lively more and more to throw the burden
exempt the holdings Of the rich. Ho SFe 70 eor 70
communities in the new and in the old
world have begun to make an ever-in-
such as taxes upon inheritances and cor.
Poration ion; taxes axes and and n fees of var!ous kinds.
ern sources Of public revenue that I wouId
one and one-half mills viii not suffice to
ing the next two years.
atteynon y se hs fseS
Investment Of school and universitS and Ind
other funds under the control OF the
tional amendment be prepared and sub
mitted to the people. authorizing the in
1soSs of nn in Of the nends s Of
Such an amendment was prepared and
was adopted at the last election. Appro-
the new constitutional provision effect
Financial Institutions.
The public examiner makes a number of
wise recommendations concerning the
laws regulating the management Of our
nanfaal fioa fo the 1esfi5r5iSns atten
The banking law Should be SO amended
BY their names that they h are e icae not ins
dGr he @
portance Of this. recommendation can be
seen from the fact that these banks in
The laws governing loan and trust COM
panies she should be SO n amended as to limit
20 issue or The
saeS moPtgaees the &C have Se
in excess Of those in the. guaranty fund
The law regulating national building and
as to permit the stock Of borrowing mem
bers to have DIVIDENDS credited to the
same to the eTten. ,bs that WGuld accrue il
is paying In interest and premiums. This
would leave the earnings OF the non-bor-
expense. Of administration. which would
not be inequitable, when It Is considered
that the borrowers a pay all % profits It's which
EQUITY eeith to the borrowing or debtor class class
OF members. 45bf. ,5 ~ $s
Grain Inspection. VI.
OF the many and varied industries OF the
asricnlture. and OF the objects e which
hssetofers as % directed their attentions. the the