Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1909-11-23

The annual report of the state
treasurer's office for the year ending
October 81, 1909, was submitted to
Governor Burke Saturday afternoon
by State Treasurer Bickford, and to
those interested in the financial at
fairs of the commonwealth, it furnish
es many items of interest in detail
ed and concise form, which is a mark
ed Improvement over the financial re-
ports heretofore published by the
state departments and institutions.
The form adopted by State Treas
urer Bickford gives a detailed state
ment of the income and disburse'
ments of the state treasury, that of
the income being shown under a sep
ararate heading with the various sub
divisions. while the expenditures are
shown under f1fty-five different head
ings and subdivisions. The form in
which the report is presented is one
approved of by up-to-date financlers
and expert accountants, and while 1t
does not take as much room in the
printed book as the old form, its
several items are before the reader in
such a way as to be clearly under
stood by the laymen who must nee
essarily have more than an ordinary
knowledge of the affairs.
The report shows that the cash
transactions during the year Novem-
Der 1. 1908, to November I, 1909,
amounted to $5,17O,916.29. The cash
receipts during the period was 49,
5S8,O1070, as compared with $685.
increase Of $1,011 ,937.2S.
The report shows that the interest
on deposits of state funds in the var
ious banks during the past year a
net increase of $15,042.03. The
amount received as interest On de.
posts for the previous period being
$2S,0S77S, as compared with $43,-
1881 collected during Mr.. Bickford's
first year in office.
The increase Is accounted for by
there having been a larger general
cash balance on deposit and also ow-
ing to the fact that a more careful
and rigid check was kept by Mr..
Bickford on the interest due from the
various banks. sr
Mr.. Bickford's report shows that
there is due from suspended banks
the sum of $22,265.90, of which s12,-
1896 is due from the First National
Bank of Rugby, and $10,152.44 from
the State Bank of Barton. This
amount is not now available, but suits
are pending in the district court look
ing to the collection of this money
from the bondsmen who became sure
ties for the bank. The state has al
ready realized a dividend of rs per
cent from the Rugby bank, which re-
duces the original balance of $16,.
1914 to the present amount.
Mr.. Bickford's report shows the
bonded Indebtedness of the state to
be $1,151, 300. The report of a pre-
decessor in Office for the year 1908
gives the bonded Indebtedness in the
sum of $692 800, overlooking an in.
debtedness of $459,0O0 for which the
state is responsible and on which it
pays interest at the rate of per cent
per annum out Of the various funds
Mr.. Bickford shows that all of the
bonded Indebtedness is held by the
common school funds of the state
except bonds amounting to $324,60O,
which are held by eastern investors,
the interest on same being paid semi
annual through the Chemical Nation
al Bank of New York City, at an
expense of $16.23.
There is considerable speculation
On the part of persons interested in