Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1898-09-01

sorted to heroic measures to raise the
money. Friends advanced it: life in
surance was converted into cash, any
way to get it. 1t is said that those
| who were lin" for small amounts VIII
be square with the state at the end Of
this month-pay day.
Check for Over 100000.
! Contrary to the usual opinion there is
not much cash kept on hand in the
ereasury-$20, 600 or so. The daily mail
10 a big one, chiefly remttances for
taxes, but 1t Is in checks and drafts
Occasionally a county or town treas
urer drops in in person with pocket
full of money, but not often. Great
big checks are sometimes received
| over 100000, even, from railroads. In
| 1896 the st. Paul roads contribution to
the state was 200, and the North
westerns $407 900, These are paid semi
annually Deb. 10 and Aug 100. These
and all receipts are deposited in banks,
which pay to the state per cent. on
daily balances. There is a commission
of four state officers to determine these
banks of deposit but they may not
carry a bigger deposit than their capt.
tai stock, and they must leave bonds as
sum they desire to carry as deposit.
Thus, 1t is asserted, the state Is pro-
tected to four times the amount it
leaves in any bank.
But the state nevertheless gets
caught occasionally. Two Superior
banks which fell down have over $25,-
COO which only tedious litigation Will
release The First National bank Of
| tod
900 of state money; the Marine bank Of
the same city to the amount of $250,0Oo
and the First National of Madison, of
which ex-senator Villas is president.
100000 The two working banks"
are the Wisconsin Fire and Marine of
| Milwaukee, and the Capital City of
Madison" with which there is a run
ming account, checks being deposited
and drawn daily. The chief object of
expenditure to the state is the charita-
bic and penal institutions of the state.
for which from $4,000 to $4,000 is paid
out monthly-as many as 500 checks
each month.
100000 to support the State.
The cost of running Wisconsin is
from $1,000, coo to $4,000,000 year-say
| 81 10 for every man, woman and child;
or for il man with "A Wife and five chill
drcn the annual burden is $l223. The
| income is from some twenty different
sources. There are handsome invest
| ments in municipal bonds which yield
permanent revenues for the support of
the university, the normal schools, etc.
! These are known as trust funds, and
were chiefly built up on the sale of pub
lie lands. Then there is the tax levy
| local collectors gathering Il certain
| amount for the support of the state
along with local taxes. Insurance and
guarantee companies turn in about
$125. O0O u year. The railways pay
| 81, go, coo, about n third of the entire
income The sleeping car companies
pay 5000, and the telegraph companies
only $4,000, but they will be pinched
harder by the next legislature. The
pcddlers pay l2,5G0; the telephone COM
panies pay $11 900, and the counties con-
tribute about 100000, for which they
are reimbursed by the state supporting
their free high schools, their insane,
| etc.
| Militia Cost $4,000.
| When we come to expenditures one
| realizes what enormous machinery is
| necessary to run great commonwealth.
We spent $4,000 on fish and game in
| terests in 1896. 1t costs the state for
paper $l4, 100. The militia cost $4,000,
including strike and riot duty and the
readiness of our troops for the Spanish
war proved ii was money we'll invested.
| The supreme and circuit courts cost
| $4,000 The legislature costs about
100000 every time it meets in regular
| session The state untversity's has
! grown to he a bill of over $500, COO, and
| the normal school costs considerably
over 100000 The Increase in these
| two lines of expenditure has been
| marked of late years. state aid to
| common schools is about 100000, and
| will probably he more should Superin-
tendent Harvey of Milwaukee become
| the head of the educational system,
| for 1t is his ambition to better the pub
lie, especially the country, schools,
which have been sadly neglected. To
such outlay we will all say "amen!"
Higher Taxes for Insurance Companies.
The treasury department is naturally
on the lookout for increased sources of
revenue At present the fire insurance
companies are being watched with
acutencss They are making n good
/
should pay more to the state which
gives them prosperous people to work
among. Thus "the stock and mutuals'
In 1897 wrote sos, 900 GOO worth of insur-
anCe. There were received as prem-
ums A,a1S 600 Of which $l,600.544 were
maid on fire losses-$7.94 per cent. This
means Il margin of $9,50o00o to pay
agents and meet other expenses and
| r,Ht IN, In
OF losses to premiums was trifle
higher-3S@S per cent, with S2.7l0,000
for expenses and profits, The tax paid
that fiscal year to the state was sol ,l56.
a goodly sum until one reflects what a
giant volume of business 1t represents.
| ORLANDO BIRNETr.
DON'T WANT To COME HOME.