Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1903-03-21
STATES FINANCIAL STATUS ]
EXACT AMOUNT THAT WILL BE
TO PAY ALI CHARGES.
Appropriations since Governors Veto
o steras y iii Not Exceed the states


Auditor Scherr has been doing some
careful and ~painstaking figuring on the
problem of the State 5 financial status.
Among other things he saws:
"Since the adjournment of the Leg
islature and after Governor White We
toed items of the appropriation bill /
have been enabled TO ascertain the ex-
act amount that will be needed to paw
the charges on the Treasury for the
fiscal year ending September 80. 1903.
II have been, to use a commercial
term. taking stock, to find out just
where we are at. After a careful
and complete summing up of the re-
sources and liabilities, l am much
gratified to be able to state that the
appropriations for the two fiscal years,
1903 and 1904. will not exceed the
States revenues for those wears. and
that the charges upon the treasury
will be promptly met. All this in
spite of the fact that the legislature
of 1903 appropriated for the wears 1903
and 1904 nearly $500. 900. 90 in excess
of appropriations made for 1901 and
1902 but not a single bill was passed
creating an increase in of the
State. and the very largely increased
expenditures must be made under
present existing conditions. This all
means that the money now on deposit
mr. Stofa nn rnncac in thn We riouc shan he
of the State will be practically with
drawn between now and September
30th. next. and it will reauiro the
closest collections by this Office to
make all ends meet. AT least 81. 300,
600. 90 will be needed between now and
the close of the fiscal year, September
80, 1908, and $3.50, 900. 90 of this vast
sum must be collected between now
and the period mentioned. This will
give an idea of tue Importance of
having parties who are charged with
collecting the States revenues to be
paid into the Treasury. attend to
these matters promptly, and this office
will insist upon prompt payments.
1.-THE appropriations made for the
year 1904 are not as large by $3.50. 600
as those of 1903. and by January, 1904,
State deposits will again be in nor
NAL condition, but until that period
is reached, the banks now holding
State deposits will be heavily drawn
upon. and the balance they now carry
in favor of the State will be practical
ly wiped out bv the close of this ifs
cal e
1.-THE of the State have
been closely collected. Not a cent is
due from sheriffs for the year of 1901,
and this vast sum was collected by
this Office without one cent of cost to
the State in the way of commissions
to attorneys and state agents, a record
which unprecedented, and of which
this Office feels justly proud, but a
small balance of revenues for 1900 re-
mains in the hands of sheriffs, and is
now IN process of collection. The rev.
enues for that year have also been
collected without a cent Of costs to
the State, the interest ACQUIRING from
those accounts more than paying com
mission to state agents for accounts
put in their handssagainst two sheriffs
who are in arrears for hat wear. All
appropriations made for the years 1903
4 will be promptly met and at the
close of the iscalsvear 1904. the State
will have a very comfortable surplus
to its credit. all of which ought to be
very gratifying to the people of the
State"