The Saint Paul globe., 1905-01-05
BLOCK REPORTS ON
IHE STATES FUNDS.
Treasurer Issues Annual State
ment Of Minnesota's
Finances

Inc annual report of State Treasurer
John ii. Block for the fiscal year ending
July 81, 1904. given out yesterday shows
Minnesota to be rapidly becoming a rich
state, over 81. .0O0,0 GOO in bonds and GER
flncates being at present tucked away in
the state vaults and $1.462, ,635s53 in cash;
an increase OF 20 per cent over the last
year.
The state now holds bonds from the
following states: Alabama. Delaware
Massachusetts,, Tennessee, Virginia and
Louisiana. The State institutional fund is
now $3.50, 200. the swamp land fund, $780,
700, and the International improvement
land fund $4,000. Tax collections for the
year We're $1.639, oil and the total dis
bursements So. .4S9. .560.74 During the year
capitol certificates of indebtedness to the
extent of So, $50, ,00o-were issued. of which
S5Oo,000 have been paid. OF the remain.
ing outstanding certificates all but $10,-
eoO are now held by the state
Inc expenses OF the state institutions
were as follows:
Board of control, ss5,s74os; soldiers,
home. s79. 9.300.72; state university, s617, =
934.z Grand Rapids substation, 81, ,656 SO; !;
Crookston subStation, S15,425. 81; St
Cloud normal s44925. Sc; Winona normal
S65, 1868; Mankato normal. S39. sos. 40;
Moorhead normal, $37,117.34; Duluth nor
NAL, $S5,973.SS; st. Peter hospital, $780, s.
g6S.2 .2S; Rochester hospital, s193. 5S;
Fergus Falls hospital, $207, ,373. so; Anoka
asylum, S33,84SS3; Hastings asylum, s3s.
229; school for the deaf, $93, 285. II; school
Tor the blind, SIS, ,6746 school for the
feeble minded, s1S7, ,61099 state public
school, Owatonna, $67.121.06; state training
school, sSS,60856; state reformatory $112,-
1864; state prison, 1928, 49,. .05
Receipts from all sources were:
County treasurers. 81, 784. .926 go; mineral
leases and contracts Toe,
from iron ore. $66.728 20; timber cut on
state lands, $607,9S1 80; railroad COM
panies, s1.974,o70. 10; steamboat taxes,
Sl3. .332 30; telephone companies, S56, ,S1S "a:
telegraph companies. s2,532; sleeping car
iines, $3.50 AZ; express companies, $25,-
S64 -57; bonds and interest, $I476, ,562. so;
loans to school districts, etc, s272. .616. 81;
grain inspection fees, $251, ,442 81: soldiers
home. s35, 1876; state institutions, ST.
1898 30; state bank fees, S427O 90:
building and loan associations, $414 80; in
terest on bank deposits, $23, 269 SO; dairy
and food fines, $16,050. 10; game and fish
commission receipts, S11, ,301 II; secretary
of state fees. $2,475. so; insurance COM
panies. s299,966. 45; Incorporation fees,
$40, $780,. inspection of Illuminating oils,
$30,334 o5; examining city offices, $500;
dictionary fund, s3,311. 55; freight line
companies. taxes. 81, 712. Sc; miscellaneous
sources, LII. .09 The total receipts
were S8,757,325. .09.
Mr.. Block recommended that the present
law making the warrants of the auditors
office payable to the payee be so changed
that the warrants in the future can be
made payable to the bank
The report highly praised the treasury
force, whom it declared to be competent
and all that could be desired, and further
stated that under the nightly checking
system inaugurated by Treasurer Block
an Overdraft was impossible.