The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-03-07
specIal dispatch to the rn.elllgence,r.

u . y ~
Special Dispatch to the rntelllgencer.
CHARLESTON, W. Va, March c.
State Treasurer Kendall has discovered
that the appropriations made by the
recent legislature exceed the amount OF
available money In, the treasury. Ac-
cording to- his calculations, the begin
ming OF the next fiscal year Will find the
state facing an appropriation OF s1,0OO,-
900, with treasury almost empty. He
says there will be deficit and the
state Will have to borrow money to
meet 1t. In the following interview Mr..
Kendall goes elaborately into the con-
ditlon Of the states finances, ending UP
by explaining how the deficit will arise
what do you think of the approprl-
nt!on bill?" he was asked.
II think It's big was the reply. "I.
carries s35o.OOO more than any other ap-
proprlation bill that was ever passed in
the history Of the state"
"Kow does 1t compare with the one
passed TWO years ago!
That's the one with which have
compared 1t, since that was bigger than
any Of Its predecessors, but that bill, in
cludng the 500. 1000 appropriated to pay
deficiencies, only amounted to 81, ,692, ,S92.
This one approprlates S2,03S,000 from
the state fund alone, and to this must
be added the blanket appropriation to
cover the expense OF re-assessing the
real estate Of the state, which is esti-
mated at anywhere from $4,000 to $780,,
900. And 1t must be remembered that
this enormous sum was appropriated to
pay fixed changes and to promote new
enterprises; for with the exception OF
the military deficiency caused by the
late war, there were comparatively few
deficiencies to provide for.
well, will YOU be able to meet these
enormous drafts?"
That's the problem I'm sweating
over just now. Personally, / believe in
q surplus, but the recent session Of the
legislature seems to have preferred
deficlt, and So they legislated that
way"
IN what way did 1t leglslate for
deacit?"
well, 1t was advised that there was
100000 surplus In the state fund. You
Will remember that l was accused DUR
ing the last campaign Of juggling the
figures and manufacturing this surplus
for campaign purposes onlt. but when
the legislature met, 1t found that every
dollar of this 100000 was available. The
auditor furnished a carefully prepared
estimate OF the receipts for the next bl-
enn!Gl period, and according to his fig
ures they will amount to S1.444,0O0. That.
added to the 100000 surplus, makes
H,Sii,OO0; and against this goes an ap-
preparation Of over S2,050.000. So there
You are-subtract s2.05O.OOo from sl,S44,-
600. and sec what You have left"
What do you think OF the auditors
estimates Of receIpts?"
Il have gone carefully over his fig
ures, and while consider them con-
servative. they are not far wrong"
How is it that you estimate that the
receipts for the next two years will be
smaller than they were for the last
two?"
During the last two years we have
made Il number of settlements and clos
cd n number OF old accounts. These
old accounts have practically all been
settled now, so we have nothing to
draw from In that line. Collections
have been remarkably good, and we
have collected practically everything
u7 10 date"
What is the present condition of the
treasury?"
1T is remarkably good; otherwise,
this department would be hopelessly
paralyzed by the unprecedented de-
nands Eow being made upon It,"
No Revenue Measures.
when will this deficit occur?"
Not for some time yet. owing to the
splendid condition of the treasury. I
am still hoping that We can manage to
worm through and escape 1t altogether,
out can't make the figures show 4:
that way. We are all right. however,
Tor this fiscal year. The amount ap-
pEopr!ated for the present year Is near
y N.iQO.000-I can't give the exact fig
uFes because that appropriation to pay
lac expense OF the re-assessment Is
tAe "N' In the equation. We don't
KNOW how much 1t will be until after 1t
is zone. over against this stands $685.
eo. which has already been paid by an
ucipation. Then there was In the treas
ury on the first OF March. sS74,0O0, be-
longing 20 the state fund. The total
vdlance In the treasury was 81 ,i65, ,000
put the difference between these two
SUNG belongs to the two school funds
uhu Is not available for the contingent
e1ptnse7 Of the state. Neither Is the
, ,Mhoe Of the sSH.00O available, for near
" HVo0Oo has been paid in by the rail-
'SadS and, on account OF redemption
~ Iand must be distributed to the coun-
,Ies' districts. and municipalities where
u belongs. But on the other hand, the
ineCeiptS between now and the first Of
nvne'oher Will amount to at least $780,
W, SO we VIII close this fiscal year with
snail balance In the state fund.
nu' at the beginning OF the next fis-
.li gear we Will have to face an appro-
mtatiDn nporoxlmatinB S1.O00.0O0. with u
uIeasnry almost empty. The approprl1-
IONS "i!l become available before the
'gsouEces OF the year can be command
W., ana lheae resources cannot possibly
,htl vt"al the appropriation, even when
"'Sy G,, are well collected"
"hat VIII then occur?"
Stfii Hoping.
\ de!clt--nnd we will be compelled
70 borrow money to meet 1t. This is the
S'uaGon In which We have been placed
@ nv iaF uS nm concerned, l pro-
mse p, mat the public shall be fully ad.
s'sel In regard TO It,"
we're there no revenue measures
''"Sea during the last session r.
,,,t -N9t one: there we're only two intro.
tuced: t they both pnssed the senate,
W.. W." were Killed in tho house. They
, were senate bill No. 10. taxing all do.
nestle corporatIons that have been
"nd ,""nadnhRing TO escape equitable taxation.
."u ~ ond senate bill NJ. 1874, removing the
,nuv''oDo limit from foreign corpora
.,nG, .tsn, and taxing them on their capital