The age-herald., 1898-01-07
OUTLOOK MOST FAVORABLE. The Financial Condition of the State is Promising. THE TAX COMMISSION BILL Will Increase the Revenue of State and Coun- ties About SITS, 5,O0O-R Receipts Through
 Examiners Amount to S50,000.
Special to The .Age-Herald.


 Montgomery, Jan. 6.-State Treasurer Ellis states that Alabama's financial con dition is promising and the outlook most favorable. The interest on the bonded state debt. amounting to s224O0O, was ready before January 1, and has been promptly met through the states New York fiscal agents, the American Exchange National bank. Taxes and licenses are coming in better than usual. The receipts since Oe- tober last were about s60O, GOO in excess of the corresponding dates last year. sE
 The expense last year in procuring tenn porary loans for Alabama amounted to nearly $500, while this year 1t is only $666. The tax commission bill will increase the revenues of the state and counties about $175O00 so far. Receipts through examiners working and collections of old debts amount to about $5OOoO. The governor bor- rowed last November on sixty days time s10o,OOo at the lowest rate of interest yet obtained, namely, per cent per annum, from the American Exchange National bank, New York, which funds are now being returned by the state to New York ahead of time.
 There was a business meeting of the Cradle of the Confederacy Chapter of the Daughters of the Confederacy yesterday afternoon at the residence of Mrs J. D. Beale. Delegates to represent this chapter at the meeting of the Alabama Daughters of the Confederacy in Birmingham next month were appointed. They are Mrs Chappell Cory, Mrs. J., D. Beale, Miss Oliv- ia Arlington, Mrs W. w. Screws and Mrs. W. W. Hill. The officers were elcted for the ensuing year with Mrs. J. D. Beale as president
 A semi-annual dividend of per cent has been declared by the Atlanta and West Point railroad.
 The assignees sale of the Black jewelry stock scheduled to commence yesterday was postponed. The appraisers concluded their inventory of the stock last night The litigation will probably be settled to- morrow.
 The firm of Virden X Rosenberg has been changed to Virden & Co.,, MT. Rosenberg retiring and MT. W. J. Naftal having pur- chased the latter's interest.
 The state convention of farmers, which has been called to assemble in this city by Commissioner of Agriculture Culver on next Wednesday, promises to be a consid- erable affair. Delegates from every coun- ty in the state are expected. The purpose of the convention is to provide for the re- duction of the cotton acreage in the state, and to organize state farmers associa- tion, with branches in the several counties. The railroads have given the delegates to the convention one-third reduction in transportation rates.
 The following are among the attorneys who have been in attendance upon the supreme court this week: Messrs. w. R. Dortch, A. b. Goodhue, J. B. Martin, G. D. Motley, o. R. Hood, D. H. Hanna, J. L. Burnett and N. G. Canning, of Gadsden; Cecil Browne and E. H. Dryer, of Tallade- ga; J. H. Savage and T. R. Matthews, of Annston; M. B. Browne, of Columbiana, and M. A. Porter and P. G. Bowman of Birmingham