The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1908-08-07
Minnesota; Fifty Years of Development;
Report Made By c. c. Dinehart.
From Mondays Daily.

from Mondays Daily.
The state of Minnesota yesterday
closed the fiscal year and the first half
century of its existence with $685.
2S2.64 in the, treasury, the total re-
ceipts for the year being $l2,446, 2sO.64,
a gain of about $l,20O,OOO over the
preceding year. Compared with the
figures for 1858, when, the otal receipts
were $2s6,9O2,36,. and the balance at
the end of the year was -$4,063.ls,
these figures ,forcibly demonstrate the
growth Of he state during the fifty
years.
Figures seomphed. by State Treas
mrer C! C. Dinehart contra sting the
states financial condition. IN 1853 afs
ford some striking Illustrations of Athe
changed conditions. In that time the
total amount raised by taxation has
grown from $554,OOO to $2S,000,000;
the assessed valuation of all taxable
property from $4l,0OO,OO0 to $780,
100000, and the annual cost of main.
tenance and operation of the state
institutions has grown from $500 to
over $2,0O0,000, with a total expendi-t
ture for the support of these institu-
tions for the semi centennial period of
$4,000, 900.
When the state started doing BUSH
ness it had state prison and few
normal schools. Now it has institu-I
tional property worth $20,0OO,OOO, and
has permanent school and university
funds aggregating $l6,5OO,OOO, with
2,75O,OOO acres of land still unsold, the
proceeds of which will go to these
funds
Treasurer Dinehart's Review.
Mr.. Dinehart's financial review Of
the states first fifty years follows:
"This year marks the fiftieth ami
versary of the state of Minnesota and
it is interesting to compare the finan-
cial condition of the state, the first
wear of it's organization with the pres
ent year.
''Taxes levied for all purposes, state
county, township, city and village in
1858 were $554,OOO. In l9O7-S They
were $28,OOO,OOO. The total assessed
valuation of taxable, real and per-
sonal property of the state in 1858 was
Sal, 100000. In l9O7-OS it was $780,,
100000. From Jan. l, 1858, to
Feb /, 1859, the total receipts of the
year ending July 81, 1908, the receipts
were $l2,446,2sO.64, as compared with
sll, ESQ., 42.27 a year ago.
"In 1861 there were only two classes
of state institutions, the state prison
and normal schools. For them there
was expended that year for support a
total of $500 Last year for the
prison, reformatory, insane hospitals,
university, normal schools, schools for
the deaf, dumb, blind and feeble
minded, the state public school and
soldiers home, over $2,OOO,OOO was ex-
pended.
"Since the organization of the state
there has been disbursed for the
support of all state institutions $685.
100000. The total expended for the
buildings of the various institutions
has been $l5,OOO,OOO, of which the in
sane hospitals have received $3,000,O00,
the university $2,O0OOOO and the new
capital, $45OOOOO This amount, $l5.-
100000, with the value of the ground
where the institutions are located es-
timated at $5,0OOO0O, makes the insti-.
tuition property of the state worth
$2G,OOO,OOO.
Schools Are Rich.
THE permanent school fund now ag-