The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1900-10-03

millions of Dollars IL Changed {,
Surplus of Two Millions, and TIA.
Fun Appropriation of $4,000, zoo
For the Public schools Can Now
De Met.
Special Correspondence)
Harrisburg, Oct. 2.-Governor Stone
has completely taken the wind out ol
the sails of his critics, the Democrats
and their insUrgent allies, by public
announcement that in view Of the
present condition of the state finances
he proposes to recommend to the leg
islature which meets in January that a
deficiency bill be passed, so as to per-
nit the payment In full of the COM
plete appropriation of $4,000, 600 for the
public schools.
Ii win be recalled that at the close
of the last session of the legislature
Governor Stone was informed that
there would be a deficiency of about
S3,OOOOOO in the state treasury, owing
to the failure of the legislature to pass
certain revenue raising bills which he
had recommended in order that the
expenses OF the state might be met.
The combination between the Republi-
can insurgents and the Democrats in
the house defeated all the bills which
Governor Stone and other influential
Republicans proposed for the raising
OF revenue. The defeating of these
bills and the passage of many measures
involving large expenditures OF money
TnGrifn1 in a condition of =. fTnfwr whit f1n
involved the financial credit of the
commonwealth. Governor Stone de-
cided that the state must not under
take to pay more than its revenues
would meet and he accordingly cut
down q number Of appropriations and
decided that the state could not pay
the full amount appropriated for the
schools until the revenues would JUS
tify that. With Governor Stones CO.
operation, Attorney General Elkin and
Auditor General McCauley at once
went to work TO collect monies due the
state from delinquent corporations and
Others, and the success which has
crowned their efforts has been marvel
Gus.
Governor Stone was criticized by
partisan opponents for his action re-
sarding the school appropriation, but
he believed that the people who were
familiar with the situation, and had
pride In the financial honor and in
tegrity of the state, appreciated that
his action was for the best. Since the
raising of the money by the diligence
Of the states officers q great deficit
has been wiped out, and there is now
an immense surplus, which will meet
all the demands Of the schools without
any default
Governor Stone has made public the
correspondence between himself and
State Treasurer Barnett, which is self
explanatory
STONE LED THE WAY.
Governor Stone, in a letter addr ress-
ed to State Treasurer Barnett, on Sept.
II, 1900, wrote:
Sir: VIII you please give me the
following information:
First-How much has the revenue
for the years 1899 and 1900 exceeded
the estimate made by your predecessor,
and the auditor general, at the begin
eAAAo Va AAiN AeNtl gttil 1000
Second-From what sources has this
increased revenue been received?
Third-What portion OF the unfund-
ed Indebtedness of the state remains
unpaid?
Fourth-What is the amount of cash
now in the state treasury available for
the payment of current bills?
Fifth-What amount of available
cash do you estimate will remain in the
treasury at the end of the present
fiscal year, after providing for the pay
ment of all the moneys then due?
In reply to this letter from the gov
ernor Treasurer Barnett, on the same
date, sent communication to the ex-
ecutive which read:
] have the honor TO give you the fol-
lowing information in response to your
request Of today:
First-The receipts for the fiscal
year 1899 exceeded the estimate made
ut the beginning of that year about
$500 900.
The receipts for the present year up
to ana including today, and the approx
innate receipts for the balance of the
year will exceed the estimate by about
$2,5SS 600, making a total of So, 4S9, 900
OF revenue received in excess of the
estimates.
Second-This increase OF revenue
was received from the following
sources:
For the fiscal year 1899;
Tax on capital stock of cor
Dl.Htl0nA H1In illNl