The Birmingham age-herald., 1905-12-10
J. Craig Smith Presents StatiS-
 tics for Fiscal Year
BALANCE HALF A MILLION
New Railway From Hopewel to Mont gomery-County Cotton Farmers
 Elect officers-W. H.
 Vaughan, President.

bursements of the state for the year end ing September 30, 1905, in which he shows the conditions of the finances for that time, and the balance carried over to the current twelve months period. The state ment is as follows:
 Balance from 1904 O4............. .1, ,191, ,624. .43 Receipts October 1, 1904, to Sep
 tember 30. 1905. 05.................. 3,353, ,537 .S9
 Total receipts ................. .$4, ,645, 1892. 32 Disbursed for year ended Sep
 tember 30 1905 .................. 8, ,1S0, ,OS2 Fl
 Bal. Sept. 30, 1905. ,415, ,130. Il
 Receipts.
 The larger items of receipts are-State taxes s740. .ss1 .6S; special soldier, $SO9 2s5. .62; special school. s92S, S,oOs7S; poll for 1904. s90.ss5.11; licenses, $33o,24S6S; recording mortgages. s67,243.74; solicitors fees, s27,- 6ss .s4; sale school lands. slss12.76; licenses of express. telegraph and sleeping car companies, s11,o15.67; insurance depart ment, s97, 64; fees of the secretary of state, s5,614.57; sale supreme court reports. $4265; department of agriculture, T2,74S.s4; sale of tax lands, s51So.s6; corporation franchise tax. S1s.s22S S7; convict depart ment, s5s1, 31; college of A. and M. Arts. s25,0oo; railroad license, S4274; oil combany licenses, $2773.49; sale of lands Alabama Girls Industrial school, $4750; fees on examination teachers, sb9o5.T.
 Disbursements.
 Among the larger items of dsburse- ments are: Feeding state prisoners, s9l,- 1e9. 70; college of A and M. Arts, $2S, ,7S1 .25; education, s1,111 ,255 .61; salaries supreme court judges. s2S,310; salaries circuit court judges, $35, .SS; salaries circuit solicitors, $2S S39. .98; chancellors, s12, ,3S3 06; geological survey, $500 ;agricultural department. S55, ,3s3. 60; railroad commissioners, s95Oo; convict department, $235, 451 IS; quarantine, SIG, GOO; interest on A. and M. college and university funds, $56,2SO; insane hospital. $219700; schools for deaf, dumb and blind, $59, ,397. .50 schools for negro deaf, dumb and blind, til ,500j interest on state debt, s44s,955 military department, sD,223.s6; special appropriations. H0,18; Girls ln- dustfial school, s25,oOo Confederate pen sions, s345, ASA. 10; registration sl4,56S; main tenance of Confederate Home. $S71S.75; capitol Improvements, s66,25e.50; auditors office, SSl00; treasurer's office, s6600; secre- tary of state and help, sS30o; attorney gen. eral and help, s41oo; governor, s5O0o; lieu tenant and acting governor, s2S25.2.
 Bonded Debt.
 There has been no change In the bond ed debt since the last report. It remains at s95S7, 600, with interest annually of S448, ,6S0, and with S135, 400 barred by statute of limitations. However, the governor has refunded sg6600O of these bonds. which mature on January 1. for which he re- ceived 102 for 31a per cent new securities. These bonds were issued In 1876. in ex- change for endorsed railroad bonds and drew per cent interest.
 In the report of Judge F. J. Rutledge, state bank examiner, which Is given by the treasurer, 1t Is shown that the re- sources of these institutions on October '. 1905, were s36, 4as, ,252.26, as compared to $50, ,2S3, ,34234
 Peter Schlicher of Trenton, N. J., and w. R. Sweeney of Boston were in the city today to look into legal matters in antici- patton of running a railroad from Hope well, in Cleburne county. to Montgomery, with view of getting to the Alabama river with lumber from mills owned by the Vanderbilt Timber Mining and South western Railway company at Tallapoosa Ga. This company is very rich, made up of capital from New York and New Jer- sey, and has been trying to get an outlet this way for some time.
 It is proposed to construct line of rail way from Hopewell. south to Montgomery, taking In Edwardsvile and other towns of that part of the state. It would travel through Clay, Tallapoosa, Coosa and FL more, after leaving Cleburne, and before getting to Montgomery. It would be about 125 miles long and tap some of the finest timber of the south yet untouched. Get ting to the headwaters of the Alabama river here 1t will give them big pull on export business, as they may raft logs or bargs the lumber right to Mobile all time of the year.
 The company Is looking primarily to the lumber business and do not figure so much on a railroad for passengers and freight so much but of course that will come as the country to be traversed Is without railway lines and is very rich.
 Cotton Warehoused.
 At meeting of the Montgomery County Cotton Growers today 1t was discovered that there is an enthusiastic demand for stock In the s100000 warehouse which a local company. composed of cotton grow CTS of the county. There has been a can- vass made of the country and every grower in it has subscribed to the stock.
 There has been the most honored re- sponse to the work of the association locally and the farmers have taken In hand and carried out every reform that has been proposed. The old officers wero reelected as follows
 President w. H. Vaughan; vice pres ident, M. C. Scott; secretary, Charles l.. Gay; treasurer, A. J. Jones; county or ganizer, M. B. Williams.
 The following old executive committee was elected: