The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-02-25
STATEMENT OF AUDITOR
IN LETTER IRA NSMTTTTNG HIS
REPORT TO GOVERNOR.
RECOMMENDS BOARD OF EQUALIZATION
As a Remedy for the Unequal Valuation Of
Property in the Several Counties.
Total Number of Polls and
Value of Property.
Value of Property,


State Auditor Aver has prepared with
the exception Of IA few tables the letter
transmitting his report for the year 1899
to the Governor The letter is i'm part
as follows:
To His Excelency, Daniel l.. Russell
Governor of North Carolina. Il.
Sir:-In compliance with the require
ment of law have the honor to here
with hand you the annual report of this
department with reference to the imam
cial operations and conditions of the
State for the fiscal year ending Novem-
her Both, 1899
The balance OF the General Fund in
the hands Of the State Treasurer is $97,-
O49.51, and the balance o. the Educa-
tional Fund is S13. 1886: the total bal
ance being $110.203.07 This balance.
while appearing from the Auditors led
ger. does not show the amount Of actual
cash in the hands of the State Treas
nrer at the close of the fiscal year. 1t
represents the difference bet ween the ag-
gregate amount paid into the Public
Treasury from various sources and the
aggregate amount o. warrants issued
against the Public Treasury by this De
partment for The year. Such warrants
as may have been issued and not paid
by the State Treasurer during the year
are chargeable to the Treasurer as SO
much cash as may be represented by
them. The aggregate amp.tnt of sllcn
outstanding warrants is SIT ,994.41. and
may be referred TO as follows:
Warrants issued prior 10 the close of
the fisca year ending November Both.
1899, 1915.
Warrants issued in December. 1896.
for claims in bills Of cost against the
State. in the Pamlico and Carteret Corm-
~ Oyster cases. Nos 1,61S and 11,S1S
amounting TO $5.61115.
Warrants issued on account of expen-
ses incurred in mobilizing United States
volunteers for Spanish-American war;
S6940.33
Warrants to be cancelled in favor Of
issue Of new warrants under head OF
State Guard. srccial.' on account o.
SpaGish-American war. $16.00909
Slmdry General warrants issued in
1899 and III transit $5.131 %
The aggregate amount Of outstanding
warrants added 10 the balance as shown
by the Auditors ledger shows the ac-
tual cash balance in the hands Of the
State Treasurer TO be Sill. 20663
TAXABLE SUBJECTS AND
VALUES.
The taxable value Of real end personal
property shown in this report is based
on The returns made by the various couu-
ties for the year 1898. The taxable
value of railroad. telegraph and steam
beat property is based on the existent as
sessment of such property for the year
1899
The aggregate value Of all property re-
turned for taxation for the year 1898 +
S2G9. BOP .3SS.42 The aggregate value
OF all property returned for the year
1897 was $3.50. SCI 1879. This report
therefore shows an increase in taxable
values of So. 435. 190.49 over the value
shown by the report of 1898.
The sources of this increase are as
follows:
Real and personal proper
ty. increase ....... 50, IO6, 0i0.0O
Railroad property, increase. S24,101.SS
Steamboat and canal prop
erty ..............,. ZZ,utS.to
Total increase ....... So. 552. 220.66
Telegraph property de-
crease ... 117030.17
Net increase .... SO, 49,, 100 10
\ condensed comparison of the reports
for 1898 and 1899 may he stated as fol-
lows:
1899. Value Of real and
personnel property ......S pa ,953.3G9
1898 Value of real and per-
sonal property .. 232 DAT $4,000
Increase over 1898 81, 706. $4,000
1899. Value railroad. steam
boat and canal property S33 $50, $50. 50