The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1912-07-04
the action was pending relations be-
tween the two were decidedly strained.

to Redwood Falls Friday, where Gov.
ernor Eberhart, aided by Lieutenant
Governor S. Y. Gordon, L. G. Spoone1
and E. T. Young, rival candidates fol-
his job, and score of others promi.
nent in state official circles aided in
the dedication of new state park
Secretary of State julius H. Schmah]
| was master of ceremonies and no one
was overlooked in making the occa
sion a historic one Rival candidates
for the several state offices crowded
the special coaches attached to the reg
u1ar train and everybody fraternized
His excellency joked with Lieutenant
| Governor Gordon, who in turn extend.
! ed the glad hand to Mr.. Young, and
then L. c. Spooner joined the circle.
It was truly a happy occasion, and, as
one of the candidates remarked, quite
profitable in a political way.
:. :. :.
Governor Eberhart may not be to
blame, but l can see some excellent
campaign material for the other fel-
lows in an overdraft in the state reve.
nue. fund, which unless relieved prom
Uses to compel touch" on outside
| parties. Yearly Minnesota borrows
from &,500,000 to 100000 to tide it
| over the so called lean period of the
year, which is 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 20
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 last
legislature is held to be the cause.
One other embarrassing feature is the
inability of the state to keep up it's
loans to the small banks. At the pres
ent time the state has less than $780,
200 out in the shape of time loans.
where a year ago the amount was bet
ter than S1,O00,OO0.
!. i !.
why the above extraordinary finan-
cial condition may be asked, some
thing that both State Treasurer Smith
and State Auditor Iverson can prob
ably answer satisfactorily when given
chance, but the fact remains that
there is shortage and it is with us
at the wrong time of the year. In 1911
Minnesota was burdened with an over
flowing treasury, the result of several
unlocked for payments, one of S35O.0OO
from a foreign estate, and the settle
ment OF several big railroad suits.
What to do with this excess was a
problem which the legislature prompt
ly settled by investing it in a number
OF alleged needed improvements. AS
| one employe of the treasury depart
ment remarked to me: THAT money
may yet prove Calamity. 1t was put
to work, but unfortunately other mon
ey was added to it and that is what
the officials are wrestling with now
Three years ago magazines and mu-
n1cipal publications over the country
were carrying beautifully written
stories about Minnesota approaching
the time when it would be without a
tax levy for state purposes, but it is
OF note that the last levy was nearly 2
mills in excess of the previous one.
+ !. !.
Places on the state railroad and
warehouse commission have ALWAYS
been in demand and it looks as if
Judge Mills and c. E. Elmquist, the re-
firing members this year, would have
to tight to retain their official heads.
John Rosenwald of Lac qui Parle,
former member of the legislature, has
announced his candidacy and he will
likely be followed by others. In the
case of rivals for places on the CON-
mission Judge Mills seat has general
~ been the bone of contention, their
thunder always being directed at bis
so called conservatism. However it is
of note that he led the ticket for that
| not good material for the seeker of
the yellow and perhaps that is in
a measure responsible for the attacks
upon him in some localities. It is said
of the judge that he can secure quick
er returns on a case of merit than any
member of the commission. He goes
direct to the seat of trouble and COM
pels satisfaction without the usual de-
lay. Down here his running mate.
Commissioner Elmquist, is expected
| to get by with little trouble.
!. !. !.
l spoke some weeks ago of fight
for the creation of a public utilities
| commission for Minnesota as one of
the possible features of the regular
session of the legislature the coming
winter and word now comes that the
new order of things may find it's way
into the legislative districts. PLEDGES
looking to it's support will be asked.
Wisconsin perhaps has the most COM