Gilpin observer., 1900-10-18
CONDITION OF THE STATES FINANCES

able judgment upon conduct of affairs since
the of the fiscal period the following
statement has been prepared:
*+++
Between the of Supreme Court denying the valid
y of about 100000 outstanding and the
men of Governor Mcntires the public exend
lures exceeded the public receipts by about 100000 Under
Article X section3 of the Constitution the General Assembly Of
1898 provided for the issue of bonds to that amount for the liquid
alton of this debt 1t thereby enabled that administration
start with balanced books although the limit of bond issue for
purpose entirely
hand valuation fell from 100000
1898 to 5000 10000 in 1895 $2O6 SCI in 1896
AS consequence the received from direct taxa
on for these greatly deceased and but for the extra
ordinary receipts from the office of the secretary of state def
cheney would have been inevitable AS Governor Mcn
tire able the close of his official show balance of
$4,000 to the credit OF the sata fact to which he called atten
tion in his biennial He said The state auditor
estimates the for the 1878 available for the
general purposes O9295O Out
of this be the of the state government
which have been estimated by the auditor 81
would that this estimate rather than than
the that will be necessary While in items
reduction made there others which almost newt
ably must be increased Undoubtedly savings be
made directions likewise will be almost
tan offset by the demands other directions whuch must be
Most Of the items going make this last mentioned
fixed charges which not susceptible of dimnuon
This was in January 1897 The necessary fixed charges
administration estimated $67 20 in prob
able and the declared the estimate ow
His warning of deficiency without revision of
the revenue laws not regarded.
administration nevertheless
affairs of the for the udcousy that the
actual deficiency resulting from diminished income 929O
being 500 M II for the pententa 1000 for the reomatory
95OS the boys industrial school, This he did
valuations fell from $751;
while the
than during the previous administration
In his biennial message January $685.
sad t the the genuinely prosperous year the
history of the state Colorado confronted with the problem of
diminished resulting the lowest assessed valuation
this
demands of a growing progressive commonwealth
The fiscal
25,546 expenditures probable
deficit of s2314O661 This estimate carefully prepared
dealt with fixed charges only allowance growing
demands of the commonwealth and contains possible features
of Governor Adams upon the
Assembly urgent legislative relief
alteration of system effected.
The appropriations from general the
alone
ls9 Those falling in the other classes though they had
been made although the necessity for them unden
Every department within
except penitentiary asylum
sty has done the thing The soldiers sailors
within the third class but kept
open from of overpowering duty.
Each the institutions above larger
allowance than made it, and each asked for the least possible
amount consistent with it's most urgent requirements def
cheney inevitable They aggregate $12OOOQ $4,000 for
the asylum and penitentary respectively and $4,000 the
versity which escaped deficiency 1878 changing
period may be
$4,000 home a total that
100000 less than the
++++
hand, of 1S9919OO have stood
drain which those of previous periods subjected.
The interest earned by the school fund deposit
diverted fund.-
properly belongs and sinking provided
by for the of the capitol building bonds These
epee the available
$225O00.
NE augmented by selection of
$4,000 acres the of which under lease.
school by the receipt of over
fiscal periods
of land have been effected
The issued by the auditor during admin
istratiOn have all times commanded premium.
fact tha hash