Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-02-22

ment announce that the state of North
Dakota is in the best financial condi-
tion since statehood. There is a cash
balance Of more than 100000 in the
hands of the state treasurer or depos-
tied in the several depositaries through
amount is in the permanent funds of
the state, but there is a considerable
portion of it in the general fund, avail
able for the current expenses of the
state. There is a total of $4,000 in
the general fund of the state. A part
of this sum will be applied to the WHIP
ing out of all floating Indebtedness
against the state, and the balance will
be reserved for the payment of cur
rent expenses. In the permanent
school fund of the state there is $312,-
600 awaiting investment, although the
state board of university and school
lands has made provision for the in
vestment of a share of this sum-. For
the first time in a number of years the
officials Of the treasury department
are on easy street and are not wonder
ing where funds are to come from to
meet current expenses.
Payments of taxes have been liberal
during the last two months. During
the month of January the total collec-
lions by the state treasurer were $780,
191.17. Of this amount, 500 5 81
was collected into the general fund of
wa paid in from the sale of state
school lands. Leasings of school
lands brought in $1G,975. Interest
on land sales returned nearly $4,000.
Up to the present time in the month
Of February the total collections to the
general fund of the state have been
$101, 1877 Al, and the total collections
for the month will probably approx
mate 100000. About $50, 900 of the
levy of 1888, 900 for the retirement of
the asylum bonds has been paid into
I1O ~ OcouAy. AOOuL H-c.Nob
has beer paid in during the first half
of February for the support of the
state educational institutions and the
total receipts SO far in February have
been $256,OO The cash balance il
the hands of the state treasurer has
increased from $46O,OOO on January
to over 100000 at the present time
the total increase being about S35O,00 o
= in less than two months.
A further evidence of the growtl
e and prosperity of the state lies in tn
e large number Of new banking institu
. tons being organized at small town!
through the state. In the past few
days the secretary of state has ISSUED
charters to the following state banks
= each with a capital stock of $4,000.
. Farmers Bank of Souris, John Birk.
y holz, S. S. Titus and Tracy R. Bangs
, incorporators. Place of business al
u Souris, B%ottineau county.
9 Kenmare State Bank. Kenmare, ]
W Fox, Howard Dykman and E. G
Y Valentine, incorporates.
State Bank of Dresden, Dresden. P
c. Donovan, W. F. Winter. J. B. Chale
, incorporators.
First Bank of F1axton, at F1axton;
G. L.. Bickford, w. A. Bond. J. o. Han.
. chett and W. E. Burgett, incorporators
State Bank of Rolla, at Rolla; Adam
= Hanna, X. Stensrud. H. Stensrud, in
corporators.
Kenmare Security Bank, Kenmart
E. F. Bonford, E. c. Tolley, w. R. Nc
Glenn, incorporators.
The Wilton Bank, at Wilton: H. R
Porter, P. c. Remington. Walter Ora.
ham and Frank Donnelly, incorpo.
rators.
The last call for a statement of the
: condition of the state banks of thu
. state showed a remarkably large in
crease in deposits of the state banks
Another call is expected in a few day:
and officials predict that a still more
fattering showing will be made.
The demand for the sale of stat,
school lands continues all through thu
state, even after the large sales mad,
at high prices last fall. From Cava
lier county alone nave come request
for the sale of 600 descriptions of Ian
owned by the state schools in tina
county. The board will grant only
portion of these requests and has or
dered the sale of $50 descriptions o
!" selected land. These description
will average about 100 acres each. II
- Benson county the board has ORDERED
the sale of 100 descriptions. Thes
/. sales will take place in May and Their
will be spirited bidding for the land
ID and they are expected to bring higl
prices.