The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1911-09-02

By his vetoes of the tariff reduction and free list
pills, President Taft shows his continued belief in
| protection-for those interests which contributed
TO his election. The people can go to-so far as
Taft is concerned
On the first day of this month the state of Wash
pgton had more than $2 OOO 600 cash on hand, ac-
| cordlng to the statement of Treasurer John G..
Lewis. critical examination of his report shows
condition that is hardly creditable to those in
authority. Taxpayers in Washington have been
forced under fixed levies declared by past legisa-
lures, to pay into the state treasury money which
now aggregates more than $4,000 for highway
purposes. This fund is growing daily. The money
Is lying practically idle in bank. All that the state
IS getting out of it is the two per cent per annum
interest paid by the banks. The taxpayers who
put up this vast sum are getting no more There
is not line of industryin the state of Washington
Where the capital cannot gain better than two per
cent per annum There is probably not taxpay-
er in the state among those who contributed this
5000 600 who would rather have paid the state
twice the two per cent could he have retained pos
session of the principal. At the same time the
state treasurer's report shows that the military
| fund has been overdrawn about So 000 In other
words, with more than So, 00O,0 900 cash on hand,
and with the state in the market today anxious to
loan about $3.50, 600 at say. about per cent per
annum, the peculiar system that obtains in Wash
| lngton requires the state to be paying five per
cent interest on its military outstanding warrants
The legislative session of the legislature of 1907
had its attention directed by Governor Mead to the
fact that the money Of the state was then held in
large number of funds; that it was impossible to
divert money from one fund to another; that the
| money was lying idle in bank, and common bus-
ness sense would require that the funds, so far
possible be consolidated, and that the banks that
held the coin should be required to pay interest
upon the deposits. This change was generally
commended, even by enemies of the then govern
or. The good to be accomplished was so sef-ev-
dent the bills went through without opposition
Today there are rs per cent more individual
funds of the state than there were when the egis-
lature made that consolidation. The last legsla-
ture alone created bunch of them every one of
which practically unnecessary, and all of which
were iadvised with the result of the state being
forced to borrow money to carry on expenses of
one fund and pay high rate of interest for the
loan, while it has in its own treasury idle coin up
on which it is getting low interest returns. =
State Capitol Record.
Values are increasing every year and some
day, no doubt, farm land in America will cost as
much as it does in England at the present time
The organized back to the farm movement would
never have been necessary in America if the
people fully realized the Importance of agricul-
ture and the real value of the land.
Farms in the United States, which have an es-
timated value of $28 00O O0O OOO produced ST. 1885,
600, 900 in 1870 while it was said that stocks and
bonds railroads, factories and other enterprises in
which the publics money was invested made little
or no returns. Industrial investments have not
yielded proper returns for the last two years. but
the farms have paid good dividends The farms,
properly cultivated, produce new wealth annually,
no matter what happens in the industrial world.
In addition there also is the certainty that land is
becoming more valuable year by year with in
creases in population. The man who invests in
land wears the golden smile of satisfaction.
Since Taft's vetoes of the tarff-reduction bills,
many eastern republican papers claim that the
votes of the common people will go to LaFollette
or to the democratic nominee for president Well
why in common sense wouldn't they?
No longer will out of town exhibitors at the In
terstate fair have to undergo the trouble and ex-
pense of having express shipments transferred
from the S. F. & N station to the fair grounds.
Beginning Sept 27 and lasting through the fair,
an Independent station will be maintained at the
grounds, and shipments addressed Interstate
Fair Grounds, Spokane" will 60 direct to the place
of exhibition
rs this the newspaper ofice?" inquired non-
subscriber.