Daily independent. [volume] (Elko, Nev.) 188?-1915, 1908-02-29
SATURDAY, FEBRUAkY =, 1903
NEVADA'S FINANCIAL STANDING

Whatever may be the other short
comings of Nevada-and in the eyes OF
many other states they are Iegiup-thif
state can make financial show ING moi
equaled by any other state III The Union
and can put to shame many that affec,
to despIse Nevada us the black sheep in
the sisterhood Of states.
Nevada is not rich state-rich in
population and diversified resources and
In the total property valuation, as COM
pared with some Of the older st ates OF
the Union; but there If no state that has
better financial ere lit; no state that has
so little mde no state that has
so large property valuation per capita
or Ii making such large percentages Of
gain i'll valuation from year to year, no
state that has u larger school fun ;, and
lower state tax rate.
Nevada has never repudiated debt .
nor does che owe Il elngle cent to
any one. How many Of her many
critics among the states that can
say AS much? There is not single
dollar Of bonded Indebtedness owed by
the state, and ON the other hand che
owns bonds Of other states in which
she has invested her surplus school
funds, to the amount Of hundreds of
thousands OF dollars. Proud Nassa
chusette, that wraps her draperies tight
around her and reaches Tor the smelling
salts whenever Nevada is mentioned
does not hesitate to borrow money from
this same despised state and is in our
debt to the amount OF $3.50 ,OOO as evil
denced by tbe bonds held In the school
funds OF this state At the same time.
during the prudent administration of
Governor Sparks, there has always been
abundant money for all state purposes.
And IL our state finances have been in
such healthy condition during the lean
and hungry times OF Nevada's past,
what can oe anticipated for the future,
no" that the state ls entering into the
period OF her greater prosperity?
The total valuation of all taxable
property in the state of Nevada for 1909,
at the beginning of the states revival.
was s33, l6l ,6S3. ln the succeeding
year, it increased by four million dollars.
or, to $37,172,779. In the following
year, Goldfeld and Bullfrog districts
began To figure in a substantial way in
the tax rolls, and the valuation iumped
over six million dollars, or to s43,239.-
GS4. In 1906 there WAS another big pain
the total valuation being S48, ZOO, 900.
But 1t rema;"ed for the year 1877 to
make the most startling gain Of apy
year, for the total valuation for that
yei.r was S7l ,986,2Sl. Thue, in the five
years from 1903 to 1906 inclusive, the
property valuation Of the state increased
from S33, Isl 1888, to 81 ,0c6,28l, or 100
per cent!
What may we expect in the current
year, l908H The increase in the total val
uatiop for this year will not be less than
$l0,O00,000. This prediction is based
upon the fact that much of the extons.
i've railroad building Of the state, begun
last year did not figure Oh the tax rolle
Of 1907, but will come into this ycar,s
total. The Bullirog road, the CIarI,
road, the BoEax Smith road, the West.
ern Pacific road, all finished after the
assessment OF last year, will add tremen-
dously to The tax roll Of 1908, and in ad.
ditIon there are several ehOrter lines.
Then, alec, Goldfeld will contribute
more TO the grand total this year than
last, for all the principal bocks md
hotels Of this city and many OF the finer