The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-02-17
STATE WARRANT
DEBT INCREASES
ESTIMATED THAT SOMETHING
OVER 100000 is NOW DUE
OUT OF SENATE FUND.

According to figures compiled by NJ.
+. Trapp, former state auditor the
warrant indebtedness of Oklahoma is
increasisg at a great rate. The aver
age amount of unpaid 6 per cent gem
eral fund state warrants outstanding
for the year ending November 80,
1909, was 1925, ,G30.66, and the interest
on them was $i9,537.S4. The average
amount of warrants for the year end
ing November 80, 1910 was $1,7S2,-
O245O, and the interest, 6,921.47,
The specific amount for the year end
ing November 80 1910, $2,O32, 1850,
and approximately 100000 more
have been issued since then.
1t is estimated, however, that there
are enough special taxes past due, if
they were collected and turned in, to
enable the state treasurer to call all
Of the outstanding general fund war
rants and stop the interest of more
than 100000 per year for 1911 and
succeeding years.
On the gross revenue and produc-
ton tax alone there is known to be
approximately $957,55S,S4 due and un-
paid. This includes $36S,779.92 known
to be due for 1910, an equal amount
for 1909 and an estimate of $22O,OOO
for the taxes due from companies
which have made no reports at all,
including the Santa Fe railroad for
l9O9-10, estimated at $4,000; other
railroads not reporting, $50,000 Pull
man company. s150,O00, and telephone
and telegraph and express companies,
$4,000, The amounts due from 9th
er public service corporations which
are subject to this special tax cannot
even be estimated.
Mines Owe $1e3,e2o.
For 1910 the tax on COAL oil, lead
and zinc and other mining companies,
reported and due, but not paid, is
$193, ,920.62, and the amount known to
be due from the railroads, aside from
those which have to be estimated, is
s174,S59.30. The amounts due from
the various railroads reporting are:
Rock Island, $59,99964 Frisco, $685.
046.5O; Katy, $29,17S.46; Wichita
Falls & Northwestern, $1,41242; st.
Louis. FL Reno & Western, $399.50;
Oklahoma Central, $1,O977S; Poteau
Valley s39.93; Kansas City Southern,
$S,269.99; Orient, $2,2S652; Fort
Smith & Western, $3.50 Midland
Valley, $5,46O.SS; Arkansas Western,
S92.63.
Must Raise Interest.
1t is also shown that the outstand- |
ing unpaid warrants of counties,
school districts, townships and cities
OF towns aggregates s1O,153,5O or
approximately so per cent of the tax
levied for the support of these muni-
cipalities last year, in addition to sS,-
25O,O00 of interest on municipal bond
ed indebtedness. The interest upon
this Indebtedness must be raised in
cash and is paid out upon presenta-
tion of coupons by the holders OF
bonds to the treasurers of the various
municipalities. The interest on the
warrant Indebtedness amount to $685.
2lO.
1t is estimated that the larger part
of this interest could be saved to the
taxpayers If proper diligence were ex-
ercised in charging and collecting the
taxes. A part of the interest expense
is caused by technical errors of local
officers giving ground for injunction
suits, advantage of which is taken by
the large corporations. The collec-
ton of between sSOOO,OOO and $4,000
600 of taxes is thus restrained at
the present time-Oklahoman