The Providence news. (Providence [R.I.]) 1891-1906, 1905-01-05

belng built In Providence needs an appro-
priation made available at this time; and
the proposed reorganization OF the courts
now being considered by a special com
mission. and the consequent additional
court house accommodations required II
the reorganization shall be approved by
the general assembly. will add not only
to the extraordinary expenses, but also
to the current expenses. Other additional
expenses may be pending. but these are
sufficient to prove beyond doubt that 1t
is time for the general assembly to take
up this subject and 10 consider II with
a view not alone to immediate needs but
future probabilities.
NOT FROM gxTRAvAoANcE
It should be said here that the increase
in the states expenses. which may seem
large when the expenses OF today are
compared with a few years ago even. has
not come from extravagan IT is the
legitimate result of the gradual but
steady enlargement OF the states work
While the state has kept pace with the
calls for better accommodations for de-
partments already established: while IL
has added new departments as the general
assembly, In response TO the demands of
the people. has authorized their estHtftvt=
ment; while Il has entered upon public
work requiring large expenditures while
II has been doing all this. and more too.
II has not provided new sources OF
revenue. and neither has IL obtained from
old sources all TO which Il was entitled
Its plan has been Ito pay az you GO"
Large expenditures have been incurred
for new buildings and improvements de-
manded by the people-the Providence
armory illustrating one and the improve
ment OF the public highways the other
expenditures OF a kind which no business
concern would consider as chargeable to
current expenses, and these expenditures
have been made from the annual income
In many states such expenses are pro-
vided for by bonds. but here no bonds
have been issued for any purpose save
for the erection and furnishing of the new
state house. I would not recommend
change in this policy. but do urge upon
the general assembly the imperative
necessity OF providing for the state an in
come which shall equal its expenses and
OF not allowing the condition which now
presents itself TO become even worse be-
cause OF neglect
RETALIATION RECOMMENDED.
In order to secure an early relief.
recommend that the general assembly
authorize a revaluation Of the several
cities and towns as a basis for the state
tax. would also suggest that the general
laws OF the state regulating taxation.
'SP''idhy as tHfN Apply 10 personal prop
erty. might well he so amended as to
provide for more suitable valuation OF
such property for purposes OF taxation.
Property which Is protected by the ublic,
and which depends for its value very
largely upon conditions resulting from
public expenditures. should bear It's pro-
portionate share OF the general expense
According TO the annual statement OF
tho condition OF state banks. savings
banks. institutions for savings and trust
companies OF Rhode Island. on June 70.
1904" compiled by the state auditor. there
were on that day q savings banks and II
trust companies located and actively en-
gagged I'm business I'm this state. Besides
these there were 10 savings banks and two
trust companies In process OF liquidation.
A few figures relative 20 the institutions
I'm active business will be Of interest
The reports from the twenty one saw
ngs banks show deposits amounting to
SG3 iS6 sos 81. and profits on hand OF
s. .6e9, 273.os. making a total Of SCI. .oss,-