The Holly chieftain. (Holly, Colo.) 1897-1987, 1904-10-14

and cali IL a showing Of the cost Of run
ming the business as to take the total
OF the treasurer's books and call il tbs
states disbursements. The Two things
are entirely separate, Yet the Republi-
can takes the total Of the treasurer's
transactions for the year and prints il
as a statement OF the expenditures.
The only true way to compare the
cost of different state ADMINISTRATORS,
is TO take the total Of the current cash
actually expended in the different per-
iods and institute comparison. Cash
received from the United States gov
eminent for instance. and turned over
to the experiment stations connected
with the agricultural college has moth
ing TO do with the taxes paid by the
people Of Colorado, though II appears
on the books OF the state treasurer and
is included in the total OF his 1ransac-
tons.
The receipts from lease OF state lands
belonging to the school funds and other
collections for the schccl fund have nc
relation to the cost of operating the
state They have no relation TO the
taxes paid by the people. Whatever
money comes from those sources il
turned directly into the school fund.
Yet tais money. as matter OF course,
appears on the books Of the state treas
urer, TO account for Its passage through.
his hands. and the Republican included
1t in its statement OF alleged disbuise-
ments because the state took them out
OF one pocket and put than into an
other
The actual revenue of tile state. avail
able to be expended by the state gov
eminent as it will, is derived from these
sources.
From the 4-mill tax On assessed valu-
alton.
From the fees collected in the Office
OF the secretary of state.
From the collections in the insurance
department.
From fees collected in the treasurer's
Office
From interest on deposits of state
money.
From small collections in various
other departments of the state
Through these channels the money
must come. There Is no other way in
which the state can swell its revenues
School land business, renittancas from
the United States government to the
experiment stations and the various
investment trust funds on account of
state institutions are distinct from the
working revenues of the state
Taking first the assessed valuation
on which the 4-mill levy is collected for
the state every year, it will be found
that 1t was in the two years of Cover
nor Adams and the two years of Gov
prOnr paahndy DC fpIIcu-e..
Assessed Valuation.
1897 lGoy. Adams ........ 1887 1924 $40
1893 Gov. Adams ......... 1872 243,0S0
1868 Gov. Peabody ....... 1873 900, oo1
1904 Gov, Peabody ....... $50 ,01o, GOO
1t follows as matter of course that
the revenue in each year was mills on
the dollar of the assessed valuation,
less five per cent, which is the average
net loss through failure to collect. The
collections from this source each year
We're as follows:
1897 tAdams) .............$ 749S35
1903 Peabody) ............. ,265, 400
4oof NfeaDOdy) r.............. 1,S3B, 100
During Mr.. Peabody's term the new
revenue bill has provided largely in
creased receipts from the secretary of
etc. The revenues from these sources
during the four years under considera-
ton were as follows:
1898 (Adams) .............. ISL 06S
1919 tPeaDody) .............. 4OS, 1S1
1904 (Peabody) last quarter es-
lmated. ................... 100000
1t is evident that Governor Peabody
a
Governor Adams The above figures
show where it came from and where
it must have come from Nobody can
dodge them. In addition, Governor
Peabody received over 800, 600 of avail
able sulplus cash from the administra-
ton of Governor Orman. There will
not be cent left at the end of this
year from the surplus left by Governor
Orman or from the revenues received
during the current two years. Governor
Adams revenues were not sufficient to
pay the necessary expenses of the
state and he ran In debt to the extent
OF $71 BAT. A recapitulation of these fig
ures shows the following comparison
between the cost to the taxpayers of
the state OF the two administrations:
Governor Adams.
lS97-f,rom 4-mill levy. 749, 1886
1S97-Collection of fees, ETC.. 166,522
1s98-From 4-mill levy. 73O,523
1s9s-From collection of fees,
etc. ............... 1s1,oss
Debt incurred ........ 71,347
Grand total Of Adams two
years. ................$1, 1895, 2so
Governor Peabody.
19O3-From Anil levy 81 oes 400