The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-10-01
UNABLE, HOWEVER,
TO BUY. FORD LOT
Half of Block Needed for State
Library Building Site Cannot
Be Acquired, as State Lacks
Purchase Price-Audi-
tors Receipts
Grow.

years Virginia begins her new year
this morning with a probable actual
balance in the treasury. When the
old fiscal year ended al o'clock yes
terday afternoon all claims of the
State were paid. all appropriations
brought down TO Gate. all September
saia -!es settled. every pension chck
honore6 and the payments TO the
sinking and literary funds all made.
1t Is evident that IL will be i'm
possible for the Governor to purchase
this year the half of the Ford Hotel
block. which. IL had been hoped. couli
be bought for State Library build
ing site. The law states that before
such a purchase can be made there
mus; be an actual balance in the
State Treasury .ithe. at the end Of the
fiscal year 1912 or a; the end of the
fiscal year 1913. 1t will take weeks
to figure out the exact standing OF
the various funds Up TO yesterday. but
there was certainly nothing like 500
ooo. the requs. ed amount. in the gem
eraI treasury. In fact. 1t is doubtful
IL there was 5000 there. although 1t
is believed a very small balance will
appear.
During the year just enCed state
Auditor c. Lee Moore collected $685.
sis.75 more than in any other one
year in the history Of the Common
wealth. His total receipts for the
year. all funds included. were $',csi.-
$3.50. against $s.i5e.7ie.s0 for the
preceding Year.
There was on hand October 1, 1871,
an apparent balance of $2Ss.SlA.f3.
The disbursements for the eeas. 10
ali sources. were $T.ls3.AeIef. leaving
a balance at o'clock yesterday OF
si34i3sSi. This. however. IS also
only apparent.
one year ago there existed dercit
of not less tnan saso,oeo While there
seemed to be on hand balance OF
sess.oeo in the treasury. IN reality
more than $4,000" worth Of pension
checks were being held over, while
there was due the literary fund some
thing like $4,000. and there were
many unpaid appropriations which had
to be held over until the railroad
taxes could be collected last October.
All Claims Settled.
This year ali is paid The deficit
OF last year has been wiped out, ano
the old pension checks paid. The
emergency pension appropriation OF
the last Legislature has been settled,
and the 1872 pensions paid absolutely
In full. ali checks having been mailed
August 81 Auditor Moore settled with
the literary fund yesterday. In ad-
di,!on, out of abundant caution, he
yesterday paid all scni-monthly and
monthly salaries for September. Csu-
ally these are paid on the first day
cs the month. and go into the new
months business.
Besides all this. criminal expenses
have been heavy during the rscai year
JUS, ended which had most OF the
costs o. the Beattie trial. besides per-
haps $4,000 for capturing and trying
the Aliens.
But the balance OF $i3s.433.sl in
the treasury yesterday is not in the
general fund. 1t includes the military
fund. the agricultural department fund
from fines and fees. the automobile
license fund. which goes TO good roads:
the fees of the state Dairy and Food
Department. ard other sources Of ia
come for which the Auditors Office Is
banker. When ali these various funds
are figured out their credits will con-
sumo the apparent balance and leave
only a very small amount-perhaps. as
indicated above. no; more than $50
But the state is free Of debt and owes
nobody
There are. perhaps. one OF two small
amounts OF current appropriations
to state departments and institutions
not quite paid up to date. But these
are more than offset by special APP
proprtations in which the entire
amount was needed TO buy land OF pu;
up a Guiding. and in which the Au-
ditor did not hold TO the letter Of
the rule requiring monthly payments
Of appropr ia tons
Besides ali the above. IL must be re-
me!nbered that last year no money
was passed TO the sinking fund. while
this fund is now being added TO by
monthly payments. and already $4,000
has been paid this year.
The heavy deficit left by the Swan
son administration bag at last been
wiped out