The Montgomery tribune. (Montgomery City, Mo.) 1892-1910, 1903-01-16

h~sritances, ierscies. gifts and c~onveyances
In certain cases. TO provide revenue for
educational purposes, for the malntenn nee
and support OF the Missouri States uni
Nersity and Its departments has been
sustained by me sapnTine Sous,o ,rs,.-
ury under this statute was made on the
3ist OF january. 1870. Since that date sf1.-
stS' sg!.ss being apportioned 10 the state
university and ~, 'vb.H to the Rolla school
THE las, general assembly appropriated
t5o4, 200 Of this tax for the benefit Of tho
State university ana fsi,0D TO promote
the Interests OF the school ot mines, ~
tionai to ihe iisi,s rs appropriated from
the state revenue fund To meet the sal
univ MN S SusrI ,he ssbbcol ~ ~, 'e
II Is estimated Nv State Auditor Allen
that the. income to the university and
school OF mines under tho provisions ot
the collateral Inheritance tax law will
not be- less than tgpo!oou yearly.
Estimated Income.
Auditor Allen ntHn estimates That the
total receipts into the stntc treasury, on
account ~ the state revenue fund, will
be about S.sp.op for the ensuing biennial
recommend that tho appropriations
for all our state institutions bs rs gcncr-
enucs Of tho state. A sound public pol.
Icy. however, absolutely aud inilcNibly
commando that tho total Of the appro.
ptiations be brought within the limits OF
our estimated revenues
state Indebtedness.
The outs'anS,nE deb, ., the ,,ase on
,hTss and 9ns;ss't per sent relanamg
ansesIednsIsi sipes January ISi' bs ~,
i~ssucd-sL.eD In favor OF the seminary
fund. and ti.Oo added 20. the endowment
school certificates has been onset by the
retirement Of AZ equal amount Of bonds
The bonded deb, 81 ihe state las a.
standardization. the outstanding debt, be.
ing only $4,000 at this time. In addition
10 ,he rsdyc,Ion OF the p,ln iipai OF m
the interest. upon the bonded debt and
school certificates
Tho people Of this state are 10 bs con-
graduated upon tho inspiring fact that
tho Inst Of the outstanding bonds VIII
very yoon he paid. Thirty ycarA nso sllns
Missouri. AZ that time the bonded debt
was 81, 'C,,uO, the tax rate being MY
cents on the one hundred dollar. ,ynlun,,
ton. Slowly. but certainly, this debt nnd
interest has been liguidnted, while. the
tax rate has been reduced Just one-half.
The nnai aud complete cstlnguishmcnt Of
the bonded debt. to be contaminated and
announced at an early date. viii be the
occasion OF. great rejoicing .amonH the
payment OF the outstanding bonds. Mis-.
souri, hnn set apart N.uyp.oyD from the
sinking fund 90 meet the requirements Of
the Worlds fair appropriation.
school Certificates.
The state certificates OF indcbtcdnesh
commonly known nv school certificates
nov amount Ia N.aps. Aitte The school
fund amendment recently adopted by the
people, requires the legislature To ca
tend these certificates ~ they mature fot
such periods OF time AVA At such rates
Of Interest an may hc provided by law
II also requires the legislature, upon tie
payment Of the state bonded debt TO 70.
duce The rate Of state taxation To- meet
the requirements ~ the public debt from
ten cents on the one. hundred dollars
the one hundred dollars valuation. THAT
IN to Sny, with The cNtlnguishmont Of the
bonded debt, all the requirements .of tho
constitution Ia respect 10 ~" public debt
Will have been fully met when ~" icris-
inturr provides a Sufficient mount nnnu.
ally 70 pay the Interest upnn. the school
certificates. which now constitute an on-
duwmcnt fund Tor the bcuoh' Of MlsuOu-
IL magnificent educational system
The Interest cliarge upon ~. treasury
amount, IN round number IT, t2sn,u' an
uually. Upon the hnsla of the present as
a-nsmcnt Of the taxable property OF the
state, "a levy uf two aud on".hhlf cents
On the IN" hundred dollars valuation VIII
be- ample Ia meet this liability However.
to annoyance aud confusion. | r"cutn-
mend that Ia lieu VI the ten ContH On III"
ono hundred dollars valuation h't.totnt"
levied, "a levy of three UontH on the one
hundred dollars valuation be authorized
, for III" fiscal year Uf 1870, and q l.vI ~
valuation for the fiscal year of ipt
The complete payment of our n~uistand
Ing bonds. together with the reduction 81
' state interest taxation, Will Conatltut" "a
chapter IN our iiscll affairs most pleasing
10 0vcfy taxpayer, Such a record speaks
for itself. u needH No .noomium. u jus.
tiuss the wisdom and the economy which
have distinguished the management nt
our iinhncial affairs during tho last thirty
years, and H. u high tribute Co. the hon.
7 csty and business nugnclly OF hlsHoufiH
. officials, both living und dead,
Now that Missouri y soon, 70 Pc ireeh
Il should bc our constant aim, by IN"
continuance ~ liberal and progressive
policies, To promote every Interest Ut THIS
. IN harmony with the advancement Of tho
J marvellous century IN which VI" Hive.
p While II H. true that much has already
. been accomplished In the development OF
our resources. yet much remains to be
done. We have not yet fuliy measured
the extent 81 our .yer,gNp.nd,1 re-,
Z power bcck0nH M To sim greater com
Z quests. We must continue 10 20 forward.
+ departments,
The departments ~ Insurance, Whpfi
building ana loan, mines und mining, fac
tory and beer Inspection ana ~" Once
a II the Northumberland, which are
% branches Of the "N"'utiN" department
, lre All In chlfge II capable uih,lnlt wlu
= have faithfully p"rform'd their duties ~.
g rruuifsd hy nav. Al ui these ORANGES nj
the state government are important. bul
. hHamuch ~ ihrs" officials viii submit
q reports ! shalt not Ia dcuiil review thoii
y lahorH,
The insurance department has growi
In recent years to De- u very important
= executive Office, ~ IL one Of TIC lntg.i
" revenue producing branches Of tho state
y government annually phYiuH into tho state
, treasury several hundred thOufaul dol
/" lnra moro than the ruHt NJ H. mAlutc
= nance. The receipts from fees paid by IN
aurAucc companies amounted TO f,i,bfbG
during the birnnlIl pcrind "ldlDF the ilrsl
ni tho present year. Tho insurance de-
q purtmont n required annually 10 ASSESS
7, | AGAINST every insurance" company not or
H...l..I sat..N.p tI., Iatt4 al NIluN.ftFt o.. IA