The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-02
GIVEN OUT YESTERDAY
Total Balance in Treasures Hands
is $124,559 10.
DECREASE IN VALUE or RAILROADS
The Aggregate Of All Property Listed For
Tsx,iion for the Year 1899 is $751;.
339, 2882 Is Increase Of
18 Millions.

was made public yesterday.
The auditors ledger shows a total bal
ance in the hand of the Treasurer of $751;
9S824 of this amount, $23, 219.50 is Of the
Educational fund, while the remaining
sos, 1854 belongs to the general fund.
This does not include amounts against
which there are outstanding warrants.
The actual cash balance in the treasury
is $124 ,559.19.
The aggregate assessed value of all
property listed for taxation for the year
1899 is $287 1899 ,2S8.25. The tax value of
similar property for the year 1898 was
$269, 1902. 1882. Therefore, the increase of
taxable values for the quadrennial as
sessment year of 1899, over the year 1898,
is SIS, O36, 1893. ia showing which may be
considered by all good citizens Of the
State as gratifying and encouraging.
The report shows a decrease in the
assessed value of railroad property as
compared with last year. as well as
decrease in the steamboat and canal prop
erty. There is an increase in the value
of telegraph and telephone property.
The receipts of the public fund for the
fiscal year ending November Goth were
81. 61S, 1881, which is an increase of $72,-
3S622 over the year 1899.
The disbursements for the same year
were $1,646. 3S4.6S, an increase of expen-
ditures over 1899, of $51, 1882.
An analysis of the receipts and dis
bursements for the year 1899, similar to
the above, will show that the legitimate
expenditures exceed the legitimate re-
ceipts for that year by 1853 026.55 1t thus
appears that the financial operations of
the State for 1899 and 1900 have involved
an expenditure of 1921 ,236.13 more than
the receipts for those years. The balance
on hand at the beginning of the fiscal
year 1899, and the sale OF S136, 250, 900 of
North Carolina 4 per cent bonds, which
were held by the State as an investment,
have enabled the State Treasurer to meet
the excess OF expenditures above stated.
The amount realized from the sale Of in
vestment bonds was $144, 10000.
In regard to pensions, the report says.
the number of pensioners dropped from
the pension roll for various causes during
the year is 385. The total number of
pensioners is 6,129, and the total amount
expended for pensions is $4,000. The
total amount expended for pensions since
1876 is 81, 1886, 546.76
ESTIMATED RECEIPTS FOR 1901.
The report states that the total amount
of property taxed for 1900 was 1888, 951 ,68S
He does not see any probability that
there will be an increase in 1901.
Taking into consideration the facts
above presented, general summary of
the sources of revenue and the probable
net amount from each source for the ifs
cal year ending November 30th, 1901 :. may
be stated as follows
Alexander county bonds, $1,000.
Atlantic and North Carolina Railroad
dividends, $25, ,000
Banks, license tax on $4,000.
Bank stock, tax on, $4,000.
Building and Loan Associations, 81 200
Corporation tax, $4,000
Express companies, $4,000.
Fees from various State departments,
$4,000
Insurance companies, license tax, $685.
900.
Insurance companies, per cent on
gross receipts, $4,000.
Public taxes, per sheriffs and tax col
lectors, $644,O00.
Railroad, telegraph, steamboat and
ANAL property, $7S.500.
Seal tax from various State depart
ments, $1,000.
Sewing machine companies, license tax,
$4,000.
Other sources, 1000. Total $50, 900
In the above estimate an effort is made
to determine the legitimate revenue OF
the State for general purposes, and the
estimate is based on the taxable values
and subjects already referred to- at the
rate of twenty-one and two-thirds cents
IN the hundred dollars, which is the ex-
isting rate of taxation. No account is
AIKEN here Of the special tax of three and
one-third cents to pay pensions. That
fund is specifically and separately men
toned in this report.
ESTIMATED EXPENDITURES FOR 1901
In making an estimate of necessary
expenditures for the year 1901 1t is obvi-
ously permissible to base such estimate
on the operations of the past two years
and by adopting such a procedure, the
probable necessary disbursements for the
current year may be stated as follows:
Agricultural Societies, $4,000.
Appropriation for disabled soldiers,
5000
Appropriation to public schools, 500, 900.
CdpAtoA square, 1oOV.
Contingencies, fuel, lights, stationery,
paper. laborers, ETC., $44,S50.
Convict account and fugitives from JUS
tice, $1,000.
Executive and State departments $44.-
600.
Fayetteville Light Infantry, $3.50
General Assembly, $4,000.
Guilford Battle Ground $500
Interest on State debt, per cent.
SIP, 900.
Judiciary. $651OO
Legal services and expenses. $4,000.
Normal schools (colored), $4,000.
N. c. College A. and NJ. Arts. s15,O 900.
n. c. Col. A. and NJ College. 81. 500.
~ Board of Health, $4,000
G. School for Deaf and Dumb, (Mor.
ganton), $4,000.
N. c. Institution for Deaf. Dumb and
Blind. Raleigh, SGT 500
n, C.. Soldiers Homa en- mn