The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1901-10-31
The TREASURER MADE THE LOSS

The TREASURER MADE THE LOSS
GOOD. Az
Under a recent act OF the legislar
ture interest is exacted on all state
deposits from the banks, and . bond
is required from all repositories 30
that now the state is still further Sc
cured from any possibility Of loss. 1t
Is doubtful II there is another state
In the Union Of which this statement
can be made that no money has ever
been lost by the state in the manage
ment Of the office of the state treas.
urer.
"A remarkable feature OF the man.
agement of the state treasury OF Penn
sylvania is that the enormous work
of the department is conducted by .
very small force Of employees. In
other words. the work Of receiving
and disbursing about $4,000 900 every
year, entering the receipts and pay.
ments upon the books. making month.
" and itemized annual reports. ex.
amining, verifying and approving all
settlements made by the auditor gen.
eral, keeping a debit and credit &C.
, count with all corporations and coun.
ty officials, with the necessary cor.
respondence Of the department, is
done by eight employees Of the state.
There is not a bank in the state do.
ing the business Of the state treasury
that does not have at least twice the
number OF employees, and possibly
more.
"The Office Of the state treasurer
was never more efficiently admins.
tered than 1t has been under the man
agement of the present state treas
urer, Colonel James E. Barnett. He
came into the department fresh from
his military campaign In Manila as
lieutenant colonel Of the Tenth regi'
ment, and he has brought the state
treasury up to the highest standard 1t
has attained in years.
NO DELAY IN PAYMENTS.
"The balance in the general fund
of the state of Pennsylvania this night
is $6,690,93 For several years
complaint has been made as to the
delay in the payment Of the appro-
priations to the common school dis
tricts. This delay has arisen from
various causes, but 1t does not occur
this year. The state treasurer car
we'll feel proud in the declaration that
about 2,250 of the $500 common schoo
districts throughout the state have
been paid their appropriation In full
and 1t Is expected that less than 81
will remain unpaid at the close o.
the present year.
mo part of the appropriation hal
been paid to Philadelphia or Pitts
burg, It is true. but payments will be
gin to these two counties not late
: than next week. 1t IL no exaggera
ton to say that NEVER IN THE HIS
TORY OF THE STATE HAS TIL
APPROPRIATION ufrO COMMON
ILY AS THIS.
"Ths payments this year will be
made nearly three months in advance
Of last year.
"What other state can compare with
Pennsylvania In this respectf Con.
siderable over "a per cent. Of the
state revenues are appropriated for
the purposes Of public education, .
proportion Of the public revenue far
in excess Of that applied BY any other
state to a similar purpose. most of
them appropriating only 10. 15 or 20
per cent, and many much less
amount. Further than this. the pay.
ments to various charitable and other
institutions throughout the state for
the quarter just ended have been met
and paid.
II might refer to other obligations
and payments required Of the state,
but ! have cited sufficient instances
to show that the state treasurer has
fully kept up with all the obligations
Of the state government. The per.
sonal property tax has been returned
to the counties paying the same with.
out any delay. when 1t 10 paid by draft
or certified check. When paid BY pri.
vate check payment is usually with.
held for q period Of some ten days In
order to give the state depository the
necessary time to present the same
to the bank on which 1t 10 drawn for
payment.
I'm the case Of Philadelphia the
state treasurer paid to the county $1..
211,e15.60 on September s, 1901, and
on the 9th Of September the warrant
for tho full amount Of the three.
fourths. amounting to $soS. .261.62. The
state Of Pennsylvania imposes these
taxes upon the great corporations Of
the state and returns from her cof.
fers the generous proportion Of three
fourths Of the amount received to the
various counties for the relief Of local
taxation.
PRACTICALLY OUT OF DEBT.
"The remarkable assertion can be
made Of Pennsylvania that the state
Is today practically out Of debt. The
total bonded indebtedness Of the state