Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1899-01-20
THE eorEKxoE.s MESSAGE.


HnEprI Transactions Of the State
during the is. tao Esczl pears As fc!.
loss:
The total State deb; rzs or The Isl
Ia! G January, 1877. iDc'ulur ont.
Standing warrants. s5lsi33 and On
the LIT day o, January. 1889, sda9..
bills, showing Al increase during
tie two years Of ssl..Sls. On the
lS day q January. 1897, -e had cash
on h2Sd, szI3-s26. On January I,
laHl. there Eas in the Treasury, sSai-
gliSI. sbozinZ cash on hand Jars-
AIRY j, 900. 10 be s3Ss1 80 les than
on The same date in 1877; this short
age Is more than accounted for by
reason OF the iaw allowing the oollsc-
ton OF taxes semi-annuaIly, there be.
ing now on the assessment; O! 1898
the sum OF sTl.lsa.oi due and pay
able in June Of this re ~. and also the
sum OF $3.50 accrued interes, on
United States bonds
The State bonded debt ON the lst
day C: January, 1897, was s607.o00.
there have been issued State bonds
amounting to sI53Gi2O during the
last tao pears. and there has been re
deemed $500, thus increasing the
bonded deb, sG035i2l.
OF the present bonded debt, $3.50
0l0 Ii irredeemable. The remainde,
amounting to s2S7t36i % runs from
10 to 20 years from the date OF issue
"A provided By statute. OF the re-
deemable State bonds outstanding,
sl46,3G4 20 were issued for Univer-
sity purposes and slil,00o for other
purposes. ] Will cdd that there has,
the last three years, according
the statements OF the Treasurer
and Controller, been transferred
from the General Fund to the Terri
toial Interest Fund the SUN Of el7,-
S3 46 TO meet interest payments on
the irredeemable s3S0,00O bond, ow-
ing to the ~meficiency OF the State
levy to produce the required amount
necessary to pay the same. Appli-
cable to the payment OF the iDdebt-
edness, there was on the LIST day Of
January, 1899, $4,000 4s. leaving
the net Indebtedness OF the Stats
s563,63l 10.
The actual receipts from all sources
during 1857 and 1898 $685. 81.
The actual cash expenditures for
said years for all purposes were 1869,
i62 30, showing an excess OF expendi-
tures for the two years Of s3S.Ss7 81.
During those years there was pur-
chased sT5,3Gi 20 Nevada 4 per cent
There was also bought dur
ing those years $4,000 United States
per cent bonds, the actual cost be. |
ing s49!a3i ca. Both purchases Of
and United States bonds were
made as investments OF State school !
S" SuAbAiHB w Cl%J,LSO Oh. |
DeductiDg from expenditures the
sum Of si9r93i CO, used for the pnr.
chase OF United States bonds az a
and profitable invest
nent, it will be seen that there were
receipts over expenditures Of ell,
oi6 81. This amount deducted from
%, Icess Of bonds issued,
leaves a net increase Of the deb,
amounting to s4o,3l7 %.
Che Governor rays this excess OF
expenditures over receipts is attribn,.
able to s31,3Gi % paid for the support !
81 the State University and ga.
90 AZ for deficiedcy on general an
'ropria.ion for 1895 O. repairs aud ma.
for State Printing office. srmo. |
y rents. machinery at the Asylum. ,
building at the Orphans Home and
machinery at the State Prison.)
Tho above statement will show 10
Tie entire satisfaction OF all ,ba, the
expenditures OF the State Tor
tie last two years have been met by
TIC regular sources Of rcrenpe.
In regard 10 the State University
the Governor says:
1t was found that Tie funds sppl;.
to the payment OF University
claims, and Tor its supror, during The
two years 1897 and 1893, did M, 70.
ceiye revenue enough to pa, IA, tun
appropriation made. Those descie,.
were supplied heretofore not bx |
taxation. but by drawing upon lbe;,
permanent University Finds and by
substituting State bonds in lieu
thereof. This year we we're con.
fronted win the same state OF affairs.
and the Board OF Education ordered
Iliht 5000 in urited States bonds
held by the state Guiyersity Fund bc
sold 10 the State School Fund. bring.
ing tho sun Of $1,000. The money
derived therefrom to the extent OF
vas borrowed by the State
or tho uso Of the state U~niyetsity.
This amount, however. did not pay
III tbs bile, and some provision win
TO DO made to pay the deficiency
hrough failure to realize the Toll ap.
TOR the support OF the
'niversity aud Laboratory, amount.
IL b., a. nna ~