Republican news item. [volume] (Laport, Pa.) 1896-19??, 1899-12-07
IS A PROUD RECORD
Splendid Showing Of the Admin.
istration of Finances Of
Pennsylvania.
DEBT DECREASED;
REVENUES INCREASED.
i3epuIlican. Have Reason to Conn
mend tho Leadership of Their
Party in the Keystone state. whose
Enemies Are Silenced.

Party In the keystone Sthtc' ""oss
Enemies Are silenced.
Especial Correspondence.)
Harrisburg, Dec. 5.-A favorite line
OF attack by the insurgents OF Penn
sylvania in assailing the present Re 4
publican organization is to intimate
that the management of the state
treasury is not what it should be and
that the state funds are juggled In
favor of political interests. This
issue was squarely met by State Treas
urer Beacon in the recent campaign,
when he went upon the stump and told
the people the exact condition OF the
state finances and announced his de-
sire to have any citizen OF the state
interrogate him upon any matter
whatever bearing upon the admlnls-
tration of the state treasury He ef-
fectually spiked the guns of the In
surgent batteries early in the canvass
and while Greasy, the Democratic can
didate for state treasurer, went around
rehearsing the old stories about the
state funds, Beacon boldly challenged
Greasy to visit the state treasurer's
office and make a thorough examina-
ton of every book and other record or
the office 1t is needless to say that
Greasy never availed himself of this
opportunity to get at the facts of the
case.
REPUBLICANS CAN BE TRUSTED.
This whole matter was reopened last
week, when State Treasurer Beacon
gave out his official statement of the
business of his department for the
year just ended. He makes very
gratifying showing. This report clear
ly demonstrates that the Republican
organization of Pennsylvania can be
safely entrusted with the responsibility
of selecting the candidates to be voted
for by the Republicans of the state,
who will safely and wisely administer
the duties of state treasurer.
The fiscal year ended on the goth OF
November, and it is to this date that
the report of State Treasurer Beacon
fully covers the transactions of the
preceding year. Even the most raDld
anti-administration papers have been
compelled to admit that there has been
remarkably good showing
receipts for the year was over two
millions over those of last year. To
be exact, the total receipts last year
amounted to $19,325 ,120.97 and this
year they were Sic, ,316.97. gain
of So, 1873, ,196.O0 That is good house,
keeping and prosperity combined.
Pennsylvania has never had a more
thorough business administration of
the state treasury than during the
present term Mr.. Beacon has insisted
upon business methods and he has
never failed to promptly pay an ap-
preparation when asked for it, or
where the money was needed. With
Auditor General McCauley he shares
the credit this year of gathering from
delinquent corporations nearly mil
lion dollars. He has also paid the
school appropriation much more
promptly than heretofore. or the
school fund of five and half millions
for the current year he has already
paid out to the various districts total
Of So, ,S95, ,460.52, leaving an unexpended
balance in the school fund of $2,604,-
539.4S. The total amount Of warrants
drawn on account of the school fund
up to Nov. 80 last year was $2,364,-
594.76, showing an increase of over
half million dollars in favor of the
school districts for the same period
this year. Philadelphia is entitled to
$S50,O0O in round figures from the
school fund, and that city has already
received over 100000.
CORPORATIONS PAYING UP.
The income of the commonwealth
this year has been largely increased
by the incorporation Of many big man
| ufacturing and industrial companies.
The bonus receipts from charters and
| increases of capital stock approxi-
mates $780, 900. The Monongahela Coal
and Coke company paid as bonus $685.
900 and the American Window Glass
company $4,000.
| The debt of the state will soon be
wiped out. Each year there is taken
from the general fund and deposited
| in the sinking fund for the eXtinguish-
ment of the debt 100000. so that the
sinking fund will be sufficient when the
bonds fall due to clear off the balance
of the debt. The gross debt is $6,S15,-
299.02, but there is applicable to this
about $6,085, III. Sc, leaving the net debt
only about $730,127.16. The cash bal
ance in the sinking fund, which Is de-
posted in many banks throughout the
state, is $1.954 .255.20. There are also
Allegheny Valley railroad bonds to the
amount of $1.000,000 and interest of
s22,916.66, and United States fours
worth $3,108,0O0 with interest amount
ing to $27,750, due the first of January.
The federal government pays the state
Gill 900 interest on bonds held in the
sinking fund every year and as the
sinking fund increases each year SO
does the gain from interest charges.
A VERY SMALL DEBT.
The gross debt is s6,S15, ,299.O2, but
there is applicable to this about $6.-
O85, ,171.86, leaving the net debt about
$730, ,12716. The cash balance in the
sinking fund. which is deposited in
banks throughout the state, Is 81, 1884,
255.20. There are also Allegheny VAL
ley railroad bonds to the amount of
81, 900, with interest of $22.916.66.
and United States 4s. worth $3,108,0 900,