White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-01-22

islative action, Ii would result in
such juries becoming important civic
examiners of county and municipai
affairs and their findings afford a
basis for highly beneficial action by
the legislature in its work of perfect
ing our system of government.
Reduction of State Expenses.
recommend that a joint COM
mittee of the two houses be appoint
ed to investigate the ways and means
of reducing state expenditures and to
report by bill all reductions which
can be effected without impairment
to the public service. 9
State Finances.
The financial condition of the state
from the standpoint of the various
sources of public revenue, is better
than at any previous time in our his
tory. The report of the state con-
troller shows an increase for the last
fiscal year of nearly $S,000,000 in
the valuation of property subject to
assessment. At the present rate oil
taxation on the same, together with
the states other miscellaneous
sources of revenue, the receipts of the
state government are, in round num-
bers, about s1,000,00O per annum.
Nevada has no outstanding indebt-
edness, other than to itself, while the
general government and other states
pay into our treasury interest upon
more than one and one-half millions
of dollars loaned by the state. We
can look into the future with the as
surance of a steady increase in prop
erty valuations and in new sources
from which the state can derive its
support.
State Expenditures.
The expenditures of the state gov
ernment for the fiscal year 1910, ag-
gregated $1,04S, 1926, of which
$3.50, 900 was for the purchase anu
redemption of Nevada state bonds.
At the beginning of the present fiscal
year there was a net ba.ance in the
state treasury of $590,035.97, after
deducting all outstanding warrants.
As compared with previous years the
net balance on January l, 1909, was
s749, ,645.77, and on January /, 1910
$534, ,542.11.
MINES anu Mining.
The production of precious metals
in Nevada discloses the satisfactory
fact that in the last three years there
has been an increase of over 100 per
cent in the value of the refined pro-
duct. In 1908 the gross value was
under $4,000, 900; for the year
1909 approximately $25, 900,
and for the year 1910. about $780,
900, 900.
The public revenue derived from
the taxation of the net proceeds of
the mines has increased from about
100000 in 1908, to over 1925. 900
in 1910. The continued development
of mining properties and the erection
of new quartz mills, reduction works
and smelters, indicate that the maxi
mum production of our mines has in
no wise been reduced, but that, for
some years to come at least, there
will be a steady increase In the pro-
duction of gold. silver, copper and
lead.
The sensational feature of the
mining boom days have disappeared
and the industry at the present time
is on a firmer, substantial and legitf-
mate basis. There seems to be a dis
position on the part of some mining
concerns to evade or attempt to
evade, the payment of the bullion tax
exacted by the state, and / recon-
mend that the legislature give it's
earnest consideration to the enact
ment of some measure that will rem
der impossible any evasion of the
states just tax upon the extraction
of the wealth from her natural treas
uries.
Nevada Railroad Commission.
At the beginning of this year went
into effect, by decision of the inter-
state commerce commission, dated
June g., 1910, a reduction in class
rates on freight shipments originat-
ing from eastern points (west of the
Buffalo-Pittsburg line) and termina-
ting in Nevada, which leaves the
same lower than the rates applying
to California terminals. the effect OF
such reductions being to eliminate the
"back-haul" charge.
A similar relative reduction Oh,
commodity rates. it is anticipated,
will be ordered during the present
year.
The gathering of the data and the
prosecution of this case before the in
terstate commerce comission was by
the Nevada railroad commission and
their able conduct of the case, as well
as the just grounds on which 1t was
Continued from page three.)