Daily independent. [volume] (Elko, Nev.) 188?-1915, 1899-01-19
THE GovEKNOE's MESSAGE.


financial TRANSACTIONS OF the State
during the last two fiscal years as fol.
lows:
The total State debt was on the ist
day OF January, 1897, including out.
standing warrants, S6l8.433, and on
the lst day Of January, 1899, $685.
73l.l9, showing an increase during
the two years of S81, 296.l9. On the
LIST day Of January. 1897, we had cash
on hand, S273,s02 60. On january l,
1899, there was in the Treasury, S234,-
9l4.S7, showing cash on hand Janu-
AIRY \, 1899. to he 3S,997.82 less than
on the same date in 1897; this short
age is more than accounted for by
reason of the law allowing the collec-
ton OF taxes semi-annually, there be.
ing now on the assessment OF 1893
the sum of S7l,lS9.04 due and pay
able in June Of this ye ar. and also the
sum Of $685. accrued interest ON
Unite,; States bonds.
AA0 AOOhlC uSDL Juo l6I
day Of January, 1897, was 1907, 600.
There have been issued State bonds
amounting to S75,364.2O during the
last two years, and there has been re
deemed $1,000, thus increasing the
bonded debt S6O. 1864 20.
or the present bonded debt, $3.50
01n 10 irrnIan-,.,lIo
amounting to 1927, 1864 20 runs from
10 to 20 years from the date of issue
Is provided by statute. Or the re-
deemable State bonds outstanding,
sl46,364 20 were issued for Univer.
sity purposes and Sal 900 for other
purposes. will odd that there has,
during the last three years, according
to the statements OF the Treasurer
and Controller. been transferred
from the General Fund to the Terri
torlal Interest Fund the sum Of ST.
29S 46 to meet interest payments on
the irredeemable S3sO,OOO bond, ow-
ing to the mefficiency of the State
levy to produce the required amount
necessary to pay the same. Appi-
cable to the payment OF the iDdebt-
edness, there was OH the lst day of
January, 1899, $4,000 4S. leaving
the net Indebtedness of the Stat.
&563,6Sl 70.
, The actual receipts from all sources
were during 1897 and 1893 $3.50 ,574 81.
The actual cash expenditures for
said years for all purposes we're $685.,
-462 33, showing an excess Of expendi-
lures for the two years OF S38. 1897 81.
During those years there was uur.
chased $75,364 20 Nevada per cent
bonds. There was also bought dur
ing those years $4,000 United States
4 per cent bonds, the actual cost be.
ing $4,000 63. Both purchases of
State and United States bonds we're
made as Investments Of State school
moneys, amounting to $125,298 SO
Deducting from, expenditures the
cum of $4,000 GO, used for the pur.
chase OF United States bonds az a
permanent and profitable invest.
ment. it will be seen that there were
. receipts over expenditures of ell,
O46 81. This amount deducted from
$eO,364 20, excess of bonds issued
leaves q net increase Of the debt
amounting to s49,317 80.
3, CIhe Governor Gays this excess OF
expenditures over receipts is attribut.
able to s37t364 % paid for the support
OF the State University and s24,.
sos AZ for deticiedcy on general ap.
preparation for 1896 g. repairs and ma.
terial Tor State Printing office, armo.
~ rents, machinery at the Asylnm,
building Mt the Orphans Homo and
machinery at the State Prison.)
The above statement will show TO
the entire satisfaction of all that the
current expenditures OF the State for
the last two years have been met by
the regular sources Of revenue.
In regard to the State University
the Governor says: