The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1897-01-09

bonds bear s per cent interest. payable
semI-annually. and may be paid at the
expiration Of 10 years
The third session OF the Idaho legisla-
ture provided for the issuance OF $500
for the Improvement OF the Idaho asylum
for the insane, without providing for
special levy to meet the interest, merely
STIMULATING that the interest would be paid
out OF any money In the treasury not
otherwise appropriated.
We also owe $4,000 of bonds issued for
the benefit Of the normal schools situated
In Lewiston and Albion.
This makes a total bonded indebtedness
OF $ss30Oo not a large sum. but yet. ow-
ing to the limited amount OF taxable prop
erty in the state ($2S. So SSS,Os), the tax
levy necessary to meet the interest there
on and provide a sinking fund, together
with the levy needed to run the state
government with its various departments
and institutions, swells the aggregate levy
to such an amount al should make you
hesitate before providing for any further
increase In that direction.
Levy Over the Liualt.
By inquiry in the state auditors office.
l have ascertained that the estimated levy
to meet the general expense next year
will be y cents on each 900. Add to this
cents for the road bonds OF 1889. 3 cents
for the road bonds OF 1885, ; cents for the
normal school bonds. "a cents for the
refunding bonds, n cents for the support
OF normal schools, "a cents for support
OF university. Sl3 cents for Improvement
OF university, 5ia cents for the improve
ment of asylum. cent for asylum bonds,
IA cents for redemption OF university
warrants, and you will observe that this
runs the levy TO s.ls. or 10 cents above
the constitutional limit OF taxation.
This should impress upon your minds
that IL Is easy to provide for the Issuance
OF bonds and the establishment OF state
Institutions, but when the time comes to
meet the payments 1t Is quite a different
matter.
No item Of expense incident to improve
ment OF the capitol building and grounds
or OF the penitentiary has been consid-
cred In this estimate. The support OF the
soldiers home, the asylum and the peni-
Tertiary has been counted In the nrst
item OF - cents.
believe that by persistent effort on
the part OF the state board sufficient tim
Der may be selected for the state during
the coming year to enable the state board
OF land commissioners to effect a sale
which will practically wipe out our bond
ed Indebtedness. and make the needed
improvements to the penitentiary and in
sane asylum But these improvements
must be made without regard to that sale.
as the conditions In botn institutions re-
quire immediate enlargement
When we take into consideration the
fact that we have been admitted only
six years last July. and that upon our be-
coming a member of the sIsterhood of
states We had practically all our state
institutions to create, the people Of Idaho
have reason to congratulate themselves
upon the success attained
There remains unpaid on state institu-
lions BE. 900. SIS, 900 being the bonds issued
for the construction of normal schools
81. 900 being the bonds issued for the i'm
provement OF the insane asylum, and
81, 900 university warrants. The gain the
state has made, therefore. since its adj
mission. Is as follows:
Capitol building and grounds $50. OOC
Penitentiary and grounds .......... 100. 90,
Soldiers home and grounds ........ 1000
Asylum buildings and other I'M
provements added since our adj
mission ........ ...... .............. 80 OQl
State university and agricultural
farm lands ........ ...... ......... $50. 90,
Normal schools ......... .......... 100, OO
1Otdl .-.--.s- ..-...-.- $bZO 0Ja
Less owed on the same ........ is %
Leaving a net gain to the state Of 1896 90
The appropriation for the capitol build
ing and grounds made oy the last ses
| sion OF the legislature $4,000 was mad
eQuate to meet the expense incurred, ans
was exhausted in September this year