The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1911-11-03
STATES FINANCES
SHOW GOOD GAINS
Statement Issued by Auditor of
State Clarifies Financial
Atmosphere.

indianapolis, Oct. 3O.-Rapid re-
Mobilization of the financial condition
of Indiana under the present Demo
cratic administration is demonstrated
by a statement just issued by w. II.
O'Brien. Auditor of State. showing the
exact condition of State finances on
Sept. 80, 1911. the closing day of the
States fiscal year.
The statement shows such tremen-
dous gains over the statement of the
year previous as 10 make Mr.. O'Brien
and his colleagues on the State Board
of Finance-GOv. Marshall and W. II.
Vollmer, State Treasurer, rejoice.
Until the business of the fiscal year
! was closed and the exact condition OF
! each and every fund definitely ascer-
tanned, these officials were not dis
] posed to positively refute numerous
charges relating to the States
finances circulated for political effect
although they knew the charges to be
false and easily controverted. So they
bided their time. secure in the knowl-
edge that at the proper time an
|
the charges to the satisfaction OF
every man. woman and child in In
diana able TO read the English Ian
guage.
Big Gains All Along the Line.
The statement shows gains-big
gains-all along the line. From what
! ever viewpoint-transfer of funds, dis
bursements, receipts, appropriations,
/ deficits-the Democrats gain and the
Republicans lose by the comparisons.
These comparisons are easily made as
Sept. 80, 1910, marked the end of Re-
publican rule in the State and Sept.
80. 1911, marked the end of practically
one full year of Democratic rule.
Thus. comparisons between the fiscal
years ending on those dates are real
for-sure comparisons between Demo-
cratic and Republican management Of
State affairs.
The statement is so clear that even
n child would have no difficulty in
picking out the following salient fea-
lures:
l. The Republicans In their last
year transferred from special funds
penses $1.65S, 1884. while the Demo-
Gratis In their first year transferred
&.26S, 50G.76. making>a gain for the
DEMOCRATS OF S3s9.851.2s.
g The general deficit for the last
year OF Tho Republicans was $751;
171.1i. while the general deficit for
the Democrats first year was only
$40, 1869, making the startling gain
for the Democrats OF $205,675.51.
g. On Sept 30. 1910, the close OF
their fiscal year, the Republicans
showed n treasury balance of s92.-
1885 but TO obtain this balance,
$3.50, 660.61 was transferred from the
Sinking Fund To the General Fund.
One year later. the Democrats
showed a treasury balance OF
s52A91.55, with only $491 ,SS3.6l di-
verted 10 the general fund.
Disbursements SO. e9O.69 Less.
4. The disbursements for the Demo-
cratic year were $33,6S06S less than
for the Republican year.
5. The regular and specific appro-
p-iations for the Legislature OF 1909,
available 1910 and 1911, totaled
$S.955. 662.35 as compared with
total of $742l,223.50 by the Legisla
ture of 1911, available 1912 and 1919.
a decrease OF $l,534.43S.S5.
Ii is easy to elaborate upon the
points made as the statement is
specific In its details In regard 10
the transfer of funds II shows that
the Republicans transferred from the
sinking fund 10 the general fund.
$270,74230 on Oct. 5, 1909, and
S51S,91S31 on Sept. 9. 1910, making
total for the fiscal year of s7S9, 660.6l
and that during the same year the
amount transferred FROM the benevo-
lent institution fund was 1858, 497 .43,
making the total amount transferred,
S1,65S, l5S04.
Coming now into Democratic con-
trd9 there are two transfers from The
sinking fund TO the general fund, one
OF S239,211.54 on Jan. q, 1911. and
second of $14S,964.45 on July 20,
1911, making a total for the year of
1888, 1889 to which is added $780,
330.77 from the benevolent institution
fund, making a total Of 81 PCS, 5O6.76,
which total is less by $685., 651.2S than
the total of the year previous, thereby
establishing the Democrat gain noted
previously.
Paid State Fair Pavilion Bonds.
On the point regarding disburse-
ments II must be said In all fairness
that the total disbursements for the
Republican year entering into this
comparison were $11,2S7,1S4.3 while
the disbursements for the Democratic
year were SS3, 7S5.0S more, or $11,370.-
969.42. but fairness also demands that
there be deducted from this 100000
paid on the State Fair pavilion bonds
and S14,465.76, accrued interest on the
Vincennes University bonds, or total
deduction Of S117 ,465.76, which re-
duces the 1911 disbursements TO
S33,6S0.6S less than the 1910 dis
bursements. This makes an actual
reduction OF s92.27 a day in disburse-
ments between the years 1911 and
1910.
In regard TO the State Fair pavilion
bonds il must be recalled that the Re
publican Legislature of 1907 author
lied the bond issue without providing
for the payment thereof. The hand