The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1909-07-10

There has been an effort in certain
Gus is for several days past to ms
Represent the condition of the state
uta-Crr. Misleading statemet IS
LnN, leen published in the press AID
l wish again to call the facts to the
attention of the public.
Il my message to the legislature l
compared the condition of the treas
ury on June 80. 1907, after l was in
augWated, to the condition Of the
treasury on June 10. 1903, at the time
CCmpIet Il H. message.
Within the last few days a state
ment from the treasury department
3nS reen made public, making q con.
II ison Of the condition Of the tt..as
ury on June 20, 1907, when l was IN
augurated, with the condition of the
tiv.sury on June 26, 1909, when
retired from the governors Office.
will di"ru.s these figures, rather th2n
those in my message as they apply
to the exact dates under considera-
message as it was necessarily pre-
pared several days before | retired
rs govern.l.
This treasury statement shows:
Available cash June 29,
1907 80. .............. .S1S9, ,375.04
Available cash June 26,
1909 ...... .... .....S SI95,92O.9S
In addition to this available cash
balance on June 26, 1909. were the
near beer fees, amounting to S22I,-
300.24.
These near beer fees were cot
lected as result of legislation pass
I'd at the extra session of the gis-
latnre in the fall of 1908. and wa"e
ai that time appropriated for t9c
lurLose of handling the convicts 10
prevent a renewal Of the lease Sys-
tcin. AS the conyicts have be Ii
successfully handled without the u'e
of this money, it is now in the treas
ury available for use, requiring on Y
a resolution by the legislature to az
thorize it's use.
On June 26, 1909, when retired
from the Office of governor, there Wds
in the treasury available cash for I'M
mediate use, $193,92O.9S; near beer
fees, 1921, 300.24-Tote.l, s420,221.22.
This money was in the treasury.
The legislature will beyond question
make the near-beer 3loney available
and it was this sum which was let
when | retired as governor as against
when | was inaugurated the sum Of
$1S9,37504.
Omitting these figures entirely Ger
tain newspapers are using the letter
written By Treasurer Brown to the
governor to create the impression
that there will be deficit of 100000
in the treasury during the next quar-
ter, and they seek to create the i'm
preston that this is an unusual con-
dition of affairs to the diScredit of
the management of the states finan
ces during the past two years.
The letter of Treasurer Brown
shows:
Estimated receipts for the
Sd quarter, i. e., from July
l to October l of the
present year 80. ...... $3.50, ,O00.0O
Estimated disbursements e. 530,000.00
Available for general pur-
poses after payment of
July interest 49,. .... Al, ,T26.25
Near beer fees in the treas
ury ...... ........... 227,30O.24
July interest ...... ...... 145,577.50
Disbursements by the state always
ir1
quarter of each year. 1t is quarter
in which no heavy collection of taxes
is made and a disbursement of about
S150,0G0 fer interest on the bonded
Indebtedness Of the state must be
made at the first of the quarter.
An excess of disbursements over
receipts for this quarter of the year,
amounting to 100000, is q normal
excess for the third quarter.
TT asurer Brown made his esti-
mate because from the statement Of
the treasurer last year for the third
quarter it appeared that the dis
bursements exceeded the receipts
S200,0 10000.
AS stated before, the treasurer in
his estimate Of excess of disburse-
ments over receipts for the present
quarter, used the treasury statement
for 1893 as the basis for his estimate.
There are a number of items Of ex-
peuse not included III that state
ment, tut there are also a number Of
items of revenue not included in it,
which Offset the same and leave the
comparison, taken as q whole, a fair
one.
The mistake the treasury aiarmistg
have made is not to understand that
the interest payment is one of the
disbursements for the quarter which
helps to make the disbursements ex-
ceed the receipts.
There was on hand before the July
interest was paid ......S1s7 ,33O70
If the estimated excess Of
disbursements over re-
ceipts for the quarter ct