The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1913-01-25

lied, il is as follows:
The States Finances
The State owes no debt except TO It.
self. 1t has no outstanding bonds nor
other evidence of indebtedness except
from between funds in its own treasury
The State holds bonds of the Federal
Government and other States amount
ing to 81. $40, 900. and there is due the
State as balances on contract oans ST.
2O1 ,S57, making a total Of interest bear.
ing securities aggregating $2,711. S57. 30.
The listed taxable property in 1919
was $101, 087, 079. 96, an increase Of near
ly So. ZOO, 900 over the previous year, and
equivalent to 83 per cent increase since
1902.
The States Indebtedness to the school
fund is $1S1. GIT. The present deficiency
of income in the general fund does not
indicate elimination of the States re.
sources or reflect upon its solvency.
Business and Development
''There is q healthfnl tone through.
out the State. While there is less over
sanguine exploitation of mines. there is
far more actual mining than ever before
in our history. More new settlers have
come to the State than in any other pre-
vious year in our history. We have en-
acted and enforced legislation for the
protection of miners in their personal
safety. in their compensation, and in
their hours of labor"
State Police
1.-THE State has shown its ability under
the State Police law to cope with strike
situations, in preserving the peace. in
preventing violence until calm judg-
ment. leading to agreement, prevails.
thus preventing the bitterness, suffering
and losses otherwise inevitable. Ne.
vada to-day ranks first among the States
in the efficiency and equity of such ex-
ercise Of its police powers"
States Chief Need
"Our fundamental need is correction
of our system of taxation. The high
rates of taxation operate as a brake and
drag to Dur industrial progress. Perfec.
ton of our system of State, county and
municipal government, so that waste
will be eliminated and efficiency in
creased. is necessary. There is DISPOSE
ton to direct the spotlight of retrench.
ment on State government exclusively.
The waste of a dollar in the State gov.
eminent is divided among all the tax.
payers of the State, while waste OF a
dollar in q county is borne by the tax
payers of that county alone, or in q
municipality, by those of a municipality
alone. The waste of a few cents in u
governments is more OF q
burden on the local taxpayer than a
dollars waste by the State"
Economy, State and Local
1.-THE cost of the strictly executive de-
of the State-excluding the
judicial and educational de-
partments and charitable and penal in.
stitutions-but including elective and
officers, Boards, Commissions
and the State Police, is $3.50, 900. ELM
this entire expense. the relief in
Reno, for instance, would be at the ratio
of $31 80 to $34 OF each $1,000 taxable
property. A 800. 900 saving in the
States expenses would mean q differ
ence of 81 on each $1,000 property valu-
alton. The Fundamental need is relief
from the present iuequitable system OF
taxation under which much property es-
capes, or is rndervalued. and OF over
hauling of county and municipal gov
ernments as we'll as State.
The Citizens Committee
The work Of the citizens committee
on Economy and Taxation, appointed
by the Governor, Senator Newlands,
Senator Massey and Lieutenant Cover
nor Ross. Is commended as a "stimulat-
ing factor in the development aud pro-
gress Of Nevada"
Various Amendments
Preliminary steps. looking to q con-
stitutional convention are recommended
An amendment to the constitution
permitting wider investment of the
State School funds to embrace mort.
gage loans on farm property. and the
d~ebentures Of rural credit assoois tions
similar to the Landsohaften system of
Germany. when organized under the
provisions Of any law recommended by
the National Commission investigating
this system for uniform adoption by
the States.
Concurrence is recommended in q
joint resolution of Congress. providing
for amendment TO the United States
Constitution requiring the election of