The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1910-12-29
IDAHO BETTER
FINANCIALLY
Has Decreased Indebtedness
In Spite of New
Bond Issues.

During political times especially we
hear great deal about the financial
question, In relation to state, county
and city usually we'll embellished with
prejudiced and highly colored critic
isms which are often entirely unbound
cd. 1t therefore affords the Globe
no little pleasure to place before our
readers the following encouraging re-
port from the Boise Statesman on the
financial condition of our state:
That the indebtedness of the state
OF Idaho has been materially decrease
during the administration OF Governor
James II. Brady DIS shown by the re-
port Of State Auditor s. ID. Taylor on
the states finances.
1T is very gratifying to me to be
enabled to state that the records OF
my office show that the Indebtedness
OF the state has been substantially
decreased as compared with that OF
the preceding biennial period said
Mr.. Taylor today. ION October /,
1908, the state net Indebtedness was
s1,02S.SS7.sl, while on October /,
1910, 1t was $3.50 ,27.31, having been
decreased to the extent of 5000
so.
THE progress made by the state
along this line Is remarkable In
view OF the fact that during this
period. the state issued Improvement
bonds for public improvement, and
at the same time slightly reduced
the state tax levy for general and
special purposes.
The each balance in the treasury
October 1, 1908, was $645, 1884,
while on October /, 1910, 1t was
1915. 10S.75. having been increased
$2G0.925.34. 1t must be remembered,
however that the significance OF the
cash balance in the treasury depends
upon the relative amounts thereof
belong to the endowment funds. OF
the cash balance on hand October 1,
1908, there was $76.262.51 belonging
TO the various endowment funds, leav-
ing balance Of $56S.920.90 applicable
TO Mquidating the expenses OF the
state. On October /. 1910, the endow
ment amounts In the cash balance
In the treasury amounted to $146,-
069.01, leaving s770, 034.90 to apply
ON the expenses of the state. In brief
there was 1901, 1884 more in the
treasury on Oct. /. 1908. available fol
the liquidation OF the obligations o.
the state
The total cash apportioned intt
the state treasury through the audi
tors office from October /, 1908, tt
October |, 1910, amounted to 1920.
321.s0. During the same period tn,
auditors department issued war
rants against the state treasury tx
the amount OF $4.469. 697. 744,and ia
edition thereto there was paid on
by the state treasurer the sum O
$5S6.9S.72 for 3the redemption OF In
terest coupons, for the redemption
OF state warrants, In excess of tn,
amount issued during the period Civ
en-. and for the interest ON etate war
rants. To make this more plaii
though, perhaps 1t is we'll enough tt
say that the total disbursement
amounted to s3.O0s, 936.46. but tina
to eliminate the endowment or per
manent funds that OF the $5,279,
$3.50 received, the amount of 81.
SCI. 0s4.S9 consisted OF endowment
funds. or the $5.00S. 396.46 disburs
ed, the amount of s1.51S.6 02.14 con
SISTED of endowment funds, therefore
the actual amount received was So
712,236.91 and the actual amount dis
bursad was s3,494. 794.32 from the
standpoint OF revenue and expense
THE assessed valuation OF the stat
In round numbers Is about $3.50, 900,
900. The special tax and the general
interest sinking fund amounts to a
bout 100000 annually. not takine
into consideration the increased as
sessed valuation each year.
THE interest coupons on the out
standing bonds October /. 1910
would amount to $4,000 annually so
there would accumulate approximate
dy $500, 900 each year to apply on the
bonded Indebtedness of the STATE
which was 1926, 500 on December /
1910.
Bonds to the amount of $685.
have been paid OFF since October l
1910.
No little significance attaches I,
the fact that Idaho pays back 81
per cent OF all revenue paid her b,
the several counties for the suppor'
OF public institutions and common
schools IN those counties.
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