The Weekly Tallahasseean., 1901-01-24
VALUABLE REPORT
that Of Comptroller ". 4.
REYNOLDS Just out
NERAL SUGGESTIONS, ETC
he, and the Rapidly Increasing
Prosperity of the State s ShOwn.

de-, and the kdploIy increasing
Prosperity of the State { Shown.
The annual report md de to the
vernon January 1st byI IComptrol-
Reynolds, which has just beer
nted and delivered from the TAI
HAssEEAN Job rooms, Is an inter-
ing document to the ia kpayers of
orida. 1t shows, first Of all, that
last vestige of the 100000 in
btedness of the State, Ecreated by
Legislatures of 1889 snd 1891 to
fray running expenses Of the gov
bment, has been paid, without one
bt of extra taxation, besides car
ng over into the present year a
ry comfortable balance. ..
This" continues the report, Sen
ely disposed of all Indebtedness of
e State, except the bonded debt
eated under the Acts of 1871 and
1S, of which there are still m
id bonds amounting to one million
d. thirty-two thousand five hun
ed dollars Isl, ,50O.00), as fol-
VS.: Bonds of 1871, 1867 10000;
nds of 1873, $764,800.00.
"The payment of these bonds will
We to be provided for by the Leg
ature, and this can be done by the
,ue of new bonds drawing low
te of interest to be sold on the open
arket, or by issuing manuscript, or
her bonds, to the Educational
unds, drawing such rate OF interest
may be decided upon.
alt is true that nearly all of the
pnds of 1871 and 1873, which have
bt been purchased for the Sinking
nnds, are held by the Educational
uhdS of the State, but they are still
nding obligations against the State,
the principal must be paid at some
me, or the State will be compelled
continue paying interest thereon
reVer."
Showing an increased mileage IN
ilroads from l.207.71 miles in 1884
slued at $S,457, 1887, to 3,109.7C
aes in 1900, valued at $780,
81, and rtmarking upon the diff
ties Of executing the present law
hout means for examining the
ditOn of the roads the comptroller
8, "there should. be an appropria
% to meet the expenses of exami
ItiOns, when necessary, in connec
On with the assessment Of such val
able property, and it Is hoped tina
be Legislature will recognize th'
hpOrtance of such provision"
The general banking laws of th'
tate are considered adequate to pro
pct the interests of all concerned
zcept when a bank goes into vol
ntry liquidation, or is placed il
be hahds of a receiver. ''It woulc
of great benefit remarks tn
omptrOller, "if the Legislature woul'
dOpt provisions similar to thOs
Ontained in the REVISED Statutes o
be United States Felating to vol
ntary liquidation, 4nd to receiver
pr banks that are forced to sus
end" In other wotds, compel then
3 continue making reports to tn
tate department. otter going int
quldation, either voluntary or in
pituitary.
To facilitate the work of the ta
ales certificate and redemption de
artment, operated in conjunction
etween the ComptI oilers and Treas
rer's Offices, twithd dut doing materis
njury to the Statef the Legislator
recommended toI direct the cancel
Atlon of large nj pmber of old ia
ertfcates which are really of n
alue, and for whith there is no dc
band. Such action would plac
houSands of acret of land on th
esessment rolls, Ind the State an
ounties would redeive the revenu
herefrom which Lhey are now DE-
rlved of by keeping these worse tha
VOrthless certificates.
Referring to theischool sub -distriC
w the Comptroller directs attentio
B serious oversight of former Leg
Natures. He sayB upon this sui
eet:
"ln 1895 the Legislature passe
An act to provide for the division (
Ounties into cOnxenient school sui
istricts, and f4. the election b
nnially of three Echool trustees, an
pr the levying End collection Of
lstrict school tan and providing f'
be holding of Ielections for SUI
urpOses,' but tho revenue law w
ot amended so Is to include the ts
bus provided fSr until 1897. A
ssessments of r4lroad and telegraE
nes made at tIs Office for scho
nb- districts havk been made und
no oct of 1OOE IL oo1Ioo+;o,