The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1903-01-16


monument to the memory of Tennes-
see soldiers who participated there
in. 1t was fought on Tennessee soil
and was one of the greatest battles
of the civil war. A very large mum
bel. of TenneSsee's sons fought there
and lost their lives in the fierce con-
fiict. 1t is proper that this State
should show its appreciation of their
heroism and suffering. A monument
should be erected of Tennessee mar
BILE to perpetuate the glorious deeds
of those whom this State sent there
to do battle. Not only at Shiloh,
but on the other fields that have been
set apart, or may be set apart, as
national parks, this action should be
taken. These monuments should be
built now, while the survivors of those
battles still live, and while the gen
Grafton that has personal knowledge
, of the magnitude and the Importance
of the struggle is here to see that
the work is well done. l can not
too earnestly urge upon you the ne
cessity of immediate action.
LOUISIANA PURCHASE EXPOSITION.
Beginning the first day of May, 1904,
and ending November 80, 1904, the
Louisiana Purchase Exposition, COM
Louisiana territory, is to be held in
st. Louis, Mo. Under an act approved
March 3, 1901, the government of the
United States appropriated S5,000,000
to aid in the Inauguration of this eX-
position, conditioned upon the city
of ST. Louis having provided S10,000,-
600 for the same purpose. The act
also authorized the president of the
United States to extend invitations
to all foreign countries to participate
in said exposition. In August, 1901,
the president extended formal invi-
tations to all countries with whom
this government has diplomatic rela-
tiOnS to participate. By an act ap-
proved June %, 1902, the congress
provided for the erection of a gov
ernment building and for a govern
ment exhibit at this exposition, which,
added to the other appropriations,
makes a total appropriation by the
government of $6,30S,000. The $1O,-
900, 900 which the act of congress re-
quired to be provided by the city of
st. Louis has been raised. The work
is progressing rapidly and is being
pushed with energy. l recommend
to you the enactment of a law max
ing an appropriation whereby the
State shall be fittingliy represented
and through which we can at less cost
than in any other way publish to the
world the marvellous wealth of the
State and the great opportunities it
affords to the homeseeker, the manu-
facturer, the miner and the investor
l am so strongly impressed with this
idea that l believe a great opportunity
will be permitted to pass should we
fail to provide for this exhibit
CONDITION OF THE TREASURY.
The comptroller, Hon. Theo. F.
King, and the treasurer of the State,
Hon. Reau Folk, have submitted to
me their reports for the biennial pc
riod between December 10, 1900, and
December 10, 1902, which show the
States finances to be in a most
healthy condition. These reports
show the following condition of the
treasury:
Balance in treasury De-
cember 10, 1900. ......S 110,002 90
Received into the treas
ury from all sources
from December 10,
1900 to December 10,
1902, inclusive. .. 5,296, ,03O 66
Paid out of the treasury
on comptrollers war
rants from December
20, 1900, to December
10, 1902, inclusive. -. 1888, ,476 .O4
Balance in treasury De-
cember 10, 1902. ......$ 422, ,557 go
When 1 was inducted into Office
January 16, 1899, in addition to bond
ed Indebtedness we owed $3.50, 900
money borrowed to pay interest that
had heretofore fallen due, and other
floating debts. Upon this we had to
pay $4,000 interest before it's extin-
guishment. 1t became necessary to
observe the strictest economy to meet
this large sum and carry on the State
government and pay current interest.
Three per cent coupon "set-
tlement" bonds .....$ 6,509, 300
Three per cent registered
settlement bonds. 80. 6,O92 900
Four per cent coupon ere
demption' bonds. ..... 469 900
Four and one-half per cent
coupon redemption bonds 100000
Four and one-half per cent
penitentiary bonds. -. 600, 1000
Total regular interest
bearing bonded debt. :. . .$14, $40 300
Five per cent certificates of
Indebtedness held by
charitable and education
al institutions ......... 10000
Six per cent certificates of
Indebtedness held by
charitable and education
al institutions. 622, 900
Six per cent old bonds held
by charitable and educa-
tional institutions. 80. "a, 900
Total regular interest
bearing debt SIS BAG, 300
Unfunded bonds. ........ 675, ,16O
Total debt of Tennessee S16021, ,466
The interest paid on the total reg
ular interest bearing debt is ~S468, ,799,
which, added to the interest paid on
the certificates of Indebtedness and
bonds held by charitable and educa-
tiOnal institutions, makes a total in
terest charge of $509,159
OF the ulfunded bonds, $685. 5,66666
are held by the government of the
United States.
We also have paid $910, ,465.34 float
ing Indebtedness, making a grand to-
tai debt extinguished in less than four
years of $2,12S.965.
INSPECTION OF MINES.
The commissioner of labor and in
spector of mines has Inspected the
mines of the State under the law, but
there has been such an increase in
the number of mines and in the ex-
tent of the operations, that I do not
I11& kI1k a.. 1Ec