New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-21
IOWA FREE FROM DEBT.
STATE TREASURER ABLE TO DEFRAY obi
CATIONS AS FAST AS, THEY MATURE
DEBTS OF OTHER, STATES.

Burlington Iowa April 10 tSpeciaD.-Resarding
the published statement that Iowa Is practically
ont NJ debt state Treasurer Harriott IL quoted as
follows: The State Of Iowa is practically out OF
debt have the money hand TO pay all out
standing warrants. These warrants will make
their appearance on April n. IN accordance with
the call issued From that time we Will be able
60 take care OF ell appearing for payment up 10
July l. After that date. so far as am apie 70
fudge. there will be no diffculty to take care OF
any warrant drawn upon the State Treasury. Stiil
7 would not wish to have the idea conveyed that
this positively will be the case. All the money
which the State 20 operate It's business upon
comes In inside of two months. and with con-
slant drain upon the Treasury for twelve months
II ,s not reasonable to suppose that the finances
STAMPED during that period. The warrant may be
out only for short at m h pras Er nf'H the
out OF debt and owes no one a doiar, thae a.
Dnss,hIv there will be a falling off in the total a
amount Of assessable property In the srate 1 90 @
COO I would not be surprised IL the real estate feH
of considerably more
Four years ago Iowa enjoyed an unfet'ereo
financial position and had no debt for many years
The present debt which at one time. two years
ago. amounted to about ACKNOWLEDGEMENTS
with the N2,0ooCoo OF Massachusetts or
the 50 900 600 OF New-York-became necessary by
the decrease in assessed valuations. by fire ana
h,, increase In the cost OF maintaining institutions
OF which her citizens naturally proud
recent weekly statement Of the state Treas
urer shows that he has cash on hand amounting
to 1907 743 a. The spring tax collections-that ls
IN. regular income from January to July l. lsS-
most of which is paid during the month OF Apri'
will amount to about $50 900. Of which about >oo'-
600 has ben already paid in. leaving 5000" YET 10
be received. The expenses OF the state hurins
the next three months will be about $4,000 so that
tha
nm the outstanding warrants will just about pal
ence leaving the State still about even on July
/ which is the end Of the biennial PERIOD u'e
date on which all the biennial State reports are
made From July to October !. the time inc
next levy OF taxes is made. the expenses OF the
90 that another deficit will be created. ana me
State will obliged to pay interest on oust s,ns
during next October will. however: much more
than cancel all these warrants and pay an une
state EXPENSES at that time and leave oalancee
suMc,ent 70 carry the State until the next payment
in April 1900 The state will therefore, be peTm ma
less The Legislature makes some very heavy APP
there will be no State debt debt s sse th ax
levy IS mills is the highest has ever peen N N
the nyS G for 'n the purpose of erecting buildings
at the State University.
DEBTS OF OTHER STATES
The debts OF other States generally much
larger than that OF Iowa. some OF them many
times as much Recent reports from state oHce,s
show that Virginia has a debt OF s261ls2; Georgia
owes ss03l 500 Alabama carries State dent OF
50 $4,000: Indianas present debt is, S2Wblo Mls
sours total debt is sos 500: Nebraska has simply
Outstanding warrants against the general fund'
81 5000 and bonded debt OF sl53.2s7. the latter
TO be ell paid in the next year: wisconsin's 'o'a'
debt is s225l 900: the last instalment OF NEWER
sey's small bonded debt-sl ooo-will be paid Jan an
nary 1912. Kansas debt amounts 10 Sfo.Vp,
Ohio's funded debt on November l, lsss wa n
s2n ss5: South Dakota bonds foot up TO t;o'w on
A Aermoni ,sss was ooc debt
on January 1885 reached total or T pspn:wi
S Snn 'se debt is wass a MissIssippIs debt on
October l. 1891 g ss3 M Nsw.f % AZ s6 6o' Of
Witch $500 canabon d., debt ha. besD ssGeS
..n @ ,h,,c defence bonds bringing the total up
70 o Illinois bash has no copans has funded
ness ,s sal ~ al an unfunded debt OF tS03Soi
ana a sinking fund. set aside for the payment OF