Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-11-26
Annual Report Of Auditor B. f.
Carroll Completed and
Made Public
STATES EXPENSES INCREASE
Cost Of Conducting Iowa's Business
Larger by More Than 100000 Than
Last Yea-Auditor Makes Recon-
mendations for Changes in the
Laws.
Special to Times-Republican.,

4
financial statement accompanying thu
report indicates the expenses of thu
state the past year have increased
compared to the previous year. TIL,
auditor makes several recommended
| tons for changes in the existing ac-
| counting laws and the extension Of The
state examinations to counties ant
| school districts.
Auditor Carroll states that the re-
i ceipts from all sources paid into the
general revenue for the year ending
June 80, 1905, were $3,426,7sS, and the
receipts for the year ending JuneA 80
1905, amount to SS,466, 100, which shows
an increase in receipts of s39.362.
At the close of the last biennial pc
Rod, after deducting all outstanding
warrants, there was balance in the
treasury of $1,302,542. At the end OF
the fiscal year just closed. after like
deduction was made. the balance was
$S11,S22.24, showing decrease of $780,
1876. This decrease in the balance
in the treasury added to the increase
in receipts ,$39,362, shows a total in
crease in expenditures of $430,0S2
which increase is fully accounted for
by a liberal increase in appropriations
by the Thirtieth and Thirty first gem
eral assemblies, as shown in compar-
alive statement No. "A of expenditures.
The estimate of receipts for the next
biennial period is $6,S72,2OO, which is
based upon levy sufficient to produce
100000 per year from taxation, and
such additional receipts from other
sources as the past and the future
seem to- justify. believe this estimate
is conservative, but do not think it
would be prudent or safe to anticipate
more. The estimated receipts, as shown
above, added to the amount in the
hands of the state treasurer on the
first day of July of the present year,
namely, s1,074,7S8.31, makes the total
available resources of the state for the
next biennial period $7,946,9SS.OO, from
which, however, should be deducted
$1,223,174.00, being the amount of the
extraordinary appropriations of the
Thirtieth and Thirty-f1rst general as
semblies, yet undrawn, which are liza
bilities and must be met, and which
would leave the net available resource
es of the state for the next biennial
period s6,72s,S14.00.
The estimate of the expenditures Of
the state for the next biennial period,
based upon the present general laws
and the expenditures during the last
fiscal period, counts between the coun-
ty and state. He says:
"Mr. J. F. Wall, chief clerk of the
revenue department, has devoted some
time to this work and has found that
the methods of bookkeeping employed
by the different county officials and
that in many instances discrepancies
arising between the counties and the
state can only be adjusted by personal
visitation. He has also found that in
some counties the permanent school
fund is in very unsatisfactory con-
dition. Last year he found eighty acres
OF land in each of two counties which
belonged to the school fund of the
state and the existence of which was
not known to this department. This
year he found in another county forty
acres of land belonging to the school
fund of which no record appeared in
this office and the existence of which
we knew nothing. He also found that
in some counties there exists losses
to the school fund dating In one in
stance back to 1856, which have not
vet been made good by the counties as
required by law.
Auditor Carroll is. also heartily in
favor of legislation for the regulation
Of loan and trust companies. He de-
clares that there are thirty-three such
organizations in the state, many of
which are doing business blindly, not
because they have any desire to disre-
gard the law and escape proper regu-
lation, but because no law has been
enacted with special reference to that
business Mr.. Carroll strongly urged
such legislation in the strongest terms
in his last report and reiterates his
statements still more strongly.
The condition of the banks is pro-
nounced excellent, there having been
but one failure during the last year
and that of bank with only $4,000
capital and with small deposits. There
are now 499 savings banks reported to
the department., 252 state banks, and
twenty five loan and trust compan-
les.
During the last year sixty-six savings
banks and eleven state banks have
been organized. The banks and loan
and trust companies reporting to this
depar tment possess combined capital
lzation of $25.699.S00. with deposits Of
$3.50, 6O9,746.76, showing an increase of
"a pital over that of one year ago of
81, sos, 900, and an increase of deposits
Of s23, 115,9s7.47.
Mr.. Carroll expresses his approval of
the law passed by the last legislature
providing that committee from the
board of directors shall make and re-
port two examinations OF their bank
to the department each year. He be-
Iieves this will supplement the EXAM
nation made by the bank examiner and
will prove to be Of great benefit to the
state in general. In this connection
the auditor repeats his recommends
lion that law be enacted providing
FOR AN annual report on banking and
the publication Of a bulletin.
Mr.. Carroll points out that the pres
ent report includes but a single year,
from July, 1905, to July, 1906. By
reason of the change to biennial instead
IF annual elections In the state, the
biennial fiscal period is made to be-
ginning with July 1 of the even num-
oered years instead Of the odd num-