Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1911-01-11

tss paid nss the state last
:ues sea a.
s, It it9 and s3.41o.ooo. receipts from
sna
GENERA. dtaxPaysIs ths state sovernent
bursting these collections. the state govern
IS counties $500 900 tor education. s. 4oo, 900
1Gs institutions tts Of correction and charity
s:; than Ser cent q a'G II. .91sssss:
The total ,, assessed valuation Of Minnesota.
az eq. VEL by the tax commission for 1910.
approximately S2lo. 1000. 900 IL personal. an In
o. e ;os
values over 1908 were $4,000. 900 on mineral
only s24.lo0.o0o on acre property
iron ore valuation for 1910 10 3224,ees. 900.
q the
tons We're ss4. 100000: In four years taxable
the tax commission over $3.50. 900 900. or $50
per cent. omitting reference to the much
local. county. city. village lag township and
school district treasures. than into the state
the asr reS
;s1s; 200, a: against $4,000 in 1906. an
years: Farmers and other land owners Of
Minnesota may be interested in the fact, that,
1898, VVV,VOU lands exclusive of citv and
village lots. .2246oo, ooo., or not quite 10 per
things Considered. Minnesota u under re pre,ent
laws and administration appears to be making
E 5000 IN the direction Of scientific and just
Your honorable body will receive from the
tax commission an exhaustive report on state
hensive ever submitted e on that eSbi S@ and
contains q number Of excellent Recommended
Telephone taxes for the two years ending
July 81: 1910, were 1884, compared with
$ sd95' for the two years ending July 81.
Examination by the public examiners depart
ment, pursuant to supreme court decisions,
eG t%mz;t $22s54 Of net revenue Under the
and public examiners department., relative
adding to the tax list for the year ending
July 81, 1910, as compared with 1909. total
earnings and Of re- ta1es
i.artie legislation is now desired giving
statutory form TO the executive rules and
decisions constituting and applying the gross
earnings act, especially with reference to CO.
operative. mutual and rural telephone lines
classes Of companies may be dealt it<1 with tn
Justly and in accord with their respective
business conditions.
State Finances.
At no time in the history OF the state We're
the finances in better condition. The
revenue fund is greater by nearly million
board that $4,000 Should be appropriated
ticates; This will reduce the interest bear
ing debt Of the state and place this amount in
counties and municipalities for public i'm
provements A large number Of loans ap-
PeGaf FOR o unds hoard aoa
unquestionably poor business policy to sell
bonds owned by the state on q. depressed
mend that the legislature Immediately auth
4 orr n the retiring Of capitol certificates in
ior sas
can be granted to that extent.
Railroad and Warehouse Commission.
The important service rendered the state
by our railroad and warehouse commission
is becoming more and more recognized, and
there the is no one today who seriously questions
the effective work Of this commission. One
been the valuation Of state railroad properties
tute fair rate, and the commission is now
Investigating express companies for the Same
In the Minnesota rate cases. the master is
cthh a seriously questions the authority Of
tion and to make
tute reasonable rate. II there is. in fact
any doubt as to the authority given to the
be remedied by appropriate legislation.
The speedy development Of our rural COM
trio lines opens up another field Of regulation
These. electric lines will soon become active
ho
to the railroad and warehouse commission
similarly with the railroads. Again, until
phone ana telegraph lines should also ,ei be
portant that these essential factors in state
Development, upon which the public at large
is at all times dependent, should be under the
control Of the state
Department of Public Examiner,
AS check upon irregularities in account
ing and illegal expenditures, the legislature
or Minnesota many years ago created the
department of public examiner. to whose
scrutiny the great volume Of financial opera
examiner is also required by law to check
and verify the statements of all corporations
%seS %Pss
anDr eaI,n1ngs annually He also exercis-
ship and Village accounts nnon Teoeet NJ
the county board. The law creating the de-
partment is fully justified by results and
ample: From a. financial standpoint, this
department has been an exceptionaliv good
ln as 1t has recovered into the
even though it could not discover one mistake
In years transactions, it's existence as an
accounting office is fully warranted.
State Banking Department
The last session Of the legislature, in COM
p PHI With the general request Of the bank
Ssan 81 ~ 4n the
ment of public examiner and placing them
under superintendent of banks The new
department Dep fa mt began business August I, 1909
months. The result from every point of view
1ustifes the wisdom of the legislature and OF
department, which has at all times had more
than sufficient work to occupy the attention
Of the entire official force. An exceptionally
Of prosperity in the state, and the Success
of banking enterprise under the new regime
IS made by the records Of this department.
was net increase of 40 new banks, of
s20.000,000 in deposits, and Of $22,soo,ooo
In total bank resources, gain Of % per
in Minnesota 6s6 state banks with deposits
agsresatlng sos :O0o,0 900, and total resources
IN the sum of s126,24o,oo0, which is more
volume Of deposits and resources represented
by the state banking system In 1900. A
state banking growth of 200 per cent in ten
years certainly -bespeaks progress. Including
increase in rs years until today there are
sao banks KS IN the state, with deposits aggre-
The federal comptroller Of the currency is
amount Of local business does not justify its
organization, and in cases where the applica-
ton is prompted by local spite Jealousy.
IN TINS state there is a demand for similar
authority on the part OF the superintendent of
banks with reference to applications for
state charters: Such restrictive power then en-
AZ SNn1 f0rnA <~A- 49,