Daily camera. [volume] (Boulder, Colo.) 1891-1928, 1900-10-18
CONDITION OF THE STATES FINANCES.

commencement present period following
statement has been prepared
Between Of Supreme denying the valid
W of about 100000 outstanding and the
men of Governor Mcnres administration the public exend
lures exceeded the public receipts by 100000 Under
Article XII Sections of the CONSTITUTION the General Assembly of
1895 provided for the 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
the mentioned entirely exhausted On the other
hand the valuation of the fell from in
1898 to $2O2OOo,OOo in 1895 and $2O659s,561 in 1896
consequence received from direct
ton for these years greatly decreased and but for the extra
ordinary receipts from the office of the secretary Of state def
cheney would have been inevitable AS it Governor Mcn
tire able the close of his official term show balance of
$4,000 the credit the atea fact which he called aen
ton in his biennial He also sad "The state auditor
estimates the for the 1878 available for the
eral funda for general state 81 Out
of this the expenses of the government
which have been estimated by the state auditor 81
1t would that this estimate less rather than greater than
the will be found necessary. While in items
reduction may be made there others which almost newt
ably be increased Undoubtedly savings be
made directions but these likewise will be almost
anly offset by the demands in other directions whuch must be
Most of the items going make this last mentioned
fixed charges which susceptible of diminuon
This January 1897 The necessary fixed charges of
estimated at in of prob
able receipts the declared the estimate low
His warning of deficiency without revision of
the revenue laws not regarded
Adams administration nevertheless managed the
affairs the state for the next two udcous that the
deficiency resulting diminished income $29292O
being $685. the penentry $4,000 for the reormaory
and 81 7e5os IT boys ndust school This he did in face
Of the @ valuations fell fro in 1896 to $751;
100000 k9s while the other
than during NJ previous "dmis 4+t l.ton'
In his biennial message Of January 1885, Governor Adams
ad A the close of the most genuinely the
history the state Colorado confronted with problem of
diminished resulting from the lowest assessed valuation
for Against this decreased income the natural
demands of growing progressive commonwealth"
The auditors estimates then given for present fiscal period
were income 81 1885, expenditures 1856 1921 probable
deficit of 1921 4O661 This estimate carefully prepared
dealt with fixed charges only made allowance for the growing
demands of the commonwealth contains possible features
of extravaganza Governor Adams impressed upon the General
Assembly the urgent need of legislative relief but material
alteration of system effected.
The appropriations from general for purposes the
first second alone available
1899 Those falling the other classes though they had
been made although the necessity for them undena
Every department has kept within allowance every
tuition the penitenary the insane asylum and the
sty has done the thing The soldiers and sailors home
within the third Glass; but Governor Thomas kept
open from of overpowering duty.
Each of the institutions above enumerated asked larger
allowance than made it, and each asked for the possible
amount consistent with it's most requirements def
cheney inevitable They aggregate $20OOO
the asylum and penitenary respectively and $4,000 for the uni
versi which escaped deficiency 1898 by changing
added 100000 for the soldiers sailors
than 100000 less than the Of the auditors
On the other hand the of 1899 1900 have stood
drain to which those previous periods subjected
The interest earned by the permanent school fund deposit
time been diverted the fund.-
where properly belongs and sinking fund has been provided
for by law for the payment of the capitol building bonds These
have served dee the available the of about
$225,O0O
The school lands have been augmented by the selection of
100000 acres. the most of which under lease.
The school fund has been enriched by the receipt
previous fiscal periods when large
of land have been effected.
The issued by the auditor during the present
istraton have at all times commanded premium.
Notwithstanding this fact the policy has BEEN wherever pos
sbe invest the school them par that the
thereon might available for school purposes until the
were cancelled by payment.
$1,000 of warrants issued in 1899, than $780,
redeemed and cancelled and interest saving
more than $4,000 has thereby been effected
of this the preceding administration