The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1909-01-14
MESSAGE OF
GOV. HANLY
ACKNOWLEDGEMENTS
OOO~OOO~ON@

-~OO~-~-~O~O~~0~0o~
the Indiana Legislature is in part as
follows:
The financial condition of the State is
exceptionally good. The revenues for the
fiscal year ending Sept 80 1907. ex-
elusive of transfer funds and including
balance in the treasury Oct 81. 1906
of S;EJ7 ,G5i.60. aggregated S4.J99 333.JS:
the expenditures were S3.7O1. 705.97. leav-
ing a balance in the treasury at the close
of the fiscal year ending Sept. 80. 1907.
of SSJ7.627.61- The revenues for the ifs
cal year ending Sept. 80. 1908, exclusive
of transfer funds and including the bal
apce in the treasury at the end of the
fiscal year 1901. aggregated S5,21I ,3I0SJ;
the expenditures were $4.724 .2J3.S5. leav-
ing balance in the treasury Sept. so,
1903. of S49J, III. In this balance there
was no advance payment. nor were the
revenues for the present year anticipated
or impaired.
The revenues for the present fiscal year,
exclusive of transfer funds and including
the balance in the treasury Sept. 80
1908. will aggregate S4,63I. 152. Appro-
priations heretofore made for this year
and liable to be dishrrsed aggregate ST.
1921, leaving an available balance for
specific purposes of :s44S.031. From this
balance. however, must be deducted the
probable expense of the present session of
the General Assembly. S120.000, leaving
net balance from the regular revenues
of $32S,031 available for specific pur
poses for the present fiscal year.
The , per cent sinking fund levy made
last year will create a revenue during the
present fiscal year. coming into the treas
ury in June, of $4,000. If this fund
BE- transferred TO the general fund the
me- balance available for specific pur-
poses for the present fiscal year will be
1888 031
Estimated Revenues.
The revenues, based upon present levies {
and existing valuations. for the fiscal
year 1910 exclusive of transfer funds, are !
conservatively estimated at 1892. 1893.
The regular. expenditures for 1910 are
estimated at S2991 ,326. leaving a balance I
for the fiscal year ending Sept. so. 1910, I
available for specific purposes of 1885,
IT, The cent sinking fund levy
J62- The 3 per cent sinking fund levy
made last year. coming into the treasury
in December 1909. and during the fiscal !
year 1910. will produce $24G,O00. If this q
fund be transferred to the general fund
the aggregate sum available for specific [
purposes for the fiscal year ending Sept. '
~. 1910. is cOnservatively estimated at i
$i,116.j62. The revenues for the fiscal Q
year 1911, exclusive of transfer funds G
based present levies and valuations. i
are estimated at S3927 ,SSS. The regular $
expenses for the fiscal year 1911 are esti-
mated at S2,991 .326. leaving a balance I
available lOr specific purposes for the f
fiscal year ending Sept. 30. 1911, of 1
S936,J62 i
Available Funds.
If the sinking fund revenue for the {
present calendar year is not transferred 5
10 the general fund.- the funds available g
for specific purposes between now and b
Sep 30, 1911. will aggregate S2,201, 155. 5
and will measure the limit of specific APP f
preparations unless the revenues for the n
fiscal year ending Sept 80, 1912, are
anticipated and impaired.
On the 31st day of October. 1904. the a
close of the fiscal year last preceding the +
present administration. the treasury bal o
ance was S60,601 3d. but to obtain this r
balance advance payments from county =
treasurers had been called and received, r
and the revenues for 1905 anticipated in 4
the sum of S1J474O But for these adj y
vance payments there would have been =
no treasury balance. but deficit of S94,- >
13S!O7. Sept. 90 19pS after four years a
of extensive construction of public build !,
ings aggregating S2,,362 5000. this deficit y
was recouped and an actual balance of 7
S493. Ill accumulated without calling a .
single advance payment from any county q
treasurer or anticipating the revenues of y
this year a single dollar, and without in q
creasing the total tax levy on account I
thereof the fraction of a MILL
To do this. however the 3 cent sinking
fund levy was transferred to the general
fund for the years 1905. 1906 and 1907
This was done without impairing our :
ability 10 meet the foreign bonded indebt- .
edness of the State within six months
after the privilege to pay accrues, and
four years and a half before the debt ma
lures. ,
Under the two preceding administra- :.
lions remarkable record was made in :.
the payment of the public debt Under
the first S2,21G,O0O, under the second 3d. :.
00S.000. an aggregate during the two adj
administrations of $5,22i.OO0. =
During the present administration :,
$f07 900 has been paid on the principal .
OF the State debt and the last dollar of :
the debt now payable cancelled This =
seaves total foreign bonded indebtedness
d only $4,000. none of which will be =
layable until January. 1910, and none
Of WHICH will be due until 1915.
A step in the direction of State super L
vision and inspection of private BANKS 4
xas taken by the Sixty-fourth General &
Assembly The law as then enacted was "
crude and ineffective. 1t was valuable d
,nly as a beginning d
But the legislation had during the ses- Z
sion of the Sixty-fifth General Assembly a
was of more value. The result of its o
operation has been to lessen somewhat {
rhr number of private banks in the State n
and to increase the number of State ;
banks. The number of private banks in T.
the State Sept 80. 1907, was 213: on u
Sept 80, 1908. 1SS. decrease Of %. n
The number of State banks in TIE State e
Sept. 30, 1907, was 235; the number e
Sept 80. 1908, 2J6 an increase Of 81. i
During the fiscal year 1908 there was
No State bank failure within the State
During the same tine there were seven )
private bank failures. One of these fail v
ca before the operation Of the private S
Banking act providing for examinations t
became effective. The other six were 0
closed by the order of the Auditor of i
State shortly after the private banking 5
act went into effect, upon examination G
made under its provisions, showing the
banks to be nsolvent.
Depository Law. IN
The act of the late General Assembly
providing repositories for public funds
has now been in operation year. In !
that time it has indicated in the most