Morris tribune., 1912-07-05

sTn0f Eberhart and Which to date has
refused to endorse any of the other
gubernatorial candidates who aspire
to succeed him. Comment is also in
dulged in On the possible attitude the
81. Paul Dispatch may take regarding
the Young candidacy. He once sued
that publication for libel and while
the action was pending relations be-
tween the two were decidedly strained.
> > {.
The state capitol was all but moved
to Redwood Falls Friday, where Gov.
ernoP Eherhart, aided by Lieutenant
Governor s. 7. Gordon, L. 9, Spooner
and q. T. Young, rival candidates for
his Job, and a score of others promi.
nent in state official circles aided in
the dedication of a new state park.
Secretary of State Julius H. Schnlahl
was master of Ceremonies and no one
was overlooked in making the coca,
sion historic one Rival candidates
for the several state offices crowded
the special coaches attached to the reg.
ular train and everybody fraternized
His exoellercy joked with Lieutenant
Governor Gordon, who in turn extend.
ed the glad hand to Mr.. Young, and
then L. G. Spooner joined the circle.
It was truly a happy occasion, and, as
one of the candidates remarked, quits
profitable in political way.
= i. X
Governor Eberhart may not be to
blame, but can see some excellent
campaign material for the other fel.
lows in an overdraft in the state reve.
nue. fund, which unless relieved prom.
fses to compel touch on outside
parties. Yearly Minnesota borrows
from $1,500,000 to $4,000 to tide II
over the SO called lean period of the
year, which rs in the fall. With the
coming of March, however, the states
strong box is replenished and any ex,
cess loaned to the small banks
throughout the state Strange to say
instead of an excess, which is the
usual thing at this time, there is a
shortage which ait the close of bust
ness Monday was close to the legal
Limit, 100000. When this is reached
the states financial officers must &C
out into the open market and borrow
money at the prevailing rate of inter
est. Slowness on the part of The
counties to make their June tax set
| tlement and the liberality of the las
legislature is held to be the cause
One other embarrassing feature is the
Inability of the state to keep up it!
loans to the small banks At the pres
ent time the state has less than $3.50,
900 out in the shape of time loans
where year ago the amount was BET
ter than $1,000,000.
i Il !.
Why the above extraordinary ffnan
ctal condition may be asked, some
thing that both State Treasurer Smitl
and State Auditor Iverson can prob
ably answer satisfactorily when givel
chance, but the fact remains tina
|
at the wrong time of the year In 1911
| Minnesota was burdened with an over
flowing treasury, the result of severa
unlocked for payments, one of $500
from foreign estate, and the settle
ment of several big railroad suits
What to do with this excess was
problem which the legislature prompt
~ settled by investing it in numbe
Of alleged needed improvements. A
one employe of the treasury depart
ment remarked to me: THAT none
may yet prove calamity. It was pu
to work, but unfortunately other NOR
ey was added to it and that is wha
the officials are wrestling with now.
Three years ago magazines and MT
nfcfpal publications over the countr
were carrying beautifully writte;
stories about Minnesota approachit
the time when it would be without
tax levy for state purposes, but It i
Of note that the last levy was nearly
mills in excess of the previous one.
+ + !.
Places on the state railroad an
warehouse commission have aIwav
been In demand and it looks as
Judge Mills and c. E. Eln1quist, the N
firing members this year, would hav
to fight to retain their official heads
John Rosenwald Of Lac qui Parle,
forffer member of the legislature. ha
announced his candidacy and he wi
likely be followed by others In tn
case Of rivals for places on the con
mission Judge Mills seat has genera
ly been the bone of contention, thei
thunder always being directed at hi
so called conservatism However it |
of note that he led the ticket for tina
office two years ago. Judge Mills
not good material for the seeker {
the yellow" and perhaps that is /
measure responsible for the attack
upon him IN some localities 1t Is sal
of the judge that he can secure quicl
| FP PpfnrpA IN "a C~arSa nf merit than an