Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1899-01-14

al examinations 70 b made ana hled, that IN
| public may have some knowledge OF the ohar'
| acter and result OF such examinations All In.
| insurance companies, orders and societies OF
any kind doing insurance business In the stats
should DO put under the charge Of tho insur-
ance department
| Banks
The information furnished In the report Oh
the bank commissioner In very gratiiying.
Our state banks are becoming moro secure
| than ever, and their condition anoras reason
for congratulation. heartily concur In tho
Recommendation OF tho commissioner tna'
building and loan associations within the stat<
DO placed under tho control OF that depart
mont, and that outside ASSOCIATIONS DO 70.
quired 70 give security Tor the protection o.
Kansas investors rs condition precedent 70
doing business In the state Inc commissioner
also recommends the creation OF q guarantee
fund Tor the protection OF pank ocpositors NC
one thing connected with the business OF pank'
Ing would DO more desirable tnan some pro'
vision securing the safety OF oepositora Tne
plan proposed Is new, u may DC practicaL
commend IL TO your careful Consideration
| fubho Funas
The law provides that the state FUNDS snail
be Kept In the vaults OF the treasurer anu
compliance with this law results In the accu-
mutation OF large sums OF money NJ umes
reaching nearly million OF dollars IL con.
siderable portion OF this fund could DC placed
In private banks throughout the state NJ tne
best rate OF interest obtainaoic' II wouiu resu''
In the double advantage OF Keeping large sums
| OF money In circulation that would otnerwise
lie Idle and increasing the state revenues 70 tue
| extent OF the interest obtained.
Dencicncy.
Each administration mas been reluctant 70
raise the levy Tor state thxes over that OF pro-
ceding ADMINISTRATIONS ana numerous oevicoa
and subterfuges have been practiced 70 keep
within the limit OF former ievies ana stu meet
the ever-incrcasing expenses OF our public IN.
stitutions The last administration reduced
the levy from ~ to 4 i-o undoubteiy upon the
theory that such levy would raise sumcient
revenue TO meet current expenses; but this
levy was insufficient 70 raise the required
funds, and long before tho close OF the term
the payment OF warrants was refused oy
the state treasurer On the ssth day OF Decem-
Der, 1890, there was on hand belonging 70 the
general fund more than 'i9o'OoJ; 80 that the
last administration had some money win
which TO commence business The present ad-
ministration VIII be compelled TO race the stu
alton with trcasuary practically empty
There was on hand December - iSes' q little
moro than ;:hOO), or flo, less than Two years
the worst largs Indebtedness Is turned over
LOT payment A great humpes OF omcers anu Gun.
pioyes under the iast administrator o'ain ,ns.
the legislature hegiecteu 70 MAKE sunc,eh'
appropriation for the payment OF their salaries,
ana nave presented the,r demands ior iarso
balance ana tnis' togetner Win inc oenciency
resulting from tue iaiiure OIL tne lust icsis,a-
turc 10 MAKE sun'lent appropriations Ior .ne
payment OF the ouantreii RAID CLAIMS, thc
claims Tor tue care OF inc aestllu.c 'hsane an Ia
the expenses OF inc speciai session; reach .ne
sum Q, more imam s.o'1 mus M' ,a, uana Ss
ae,sncr ~ more than s,oo COZ Confronting The
new administration. This condition renders It
almost certain that before funds can be de-
rived from new tax levy the money received
under the old one will be- paid out aud the obli-
cations OF the state will again be dishonorcd
The credit OF the state Is too important to be
impaired, and tho neglect to meet the legti-
mate demands made upon IT, even for day
Affects its credit