The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1914-05-01
expense of an extra session OF the
Legislature.
Kentueky's Financial Condition Better
Than Most Of the States.

Will be seen that we are IN SpieHulu
condition.
OF the forty EIGHT States in the
United States, all have bonded In
ldebtedness except twelve, and Ken
lucky Is In the list of States which
has no bonded indebtedness. Ken
tucky's condition is much better than
most OF the Southern States.
The bonded Indebtedness
OF Maryland is ..,.... SIG, 225,000.00
The bonded Indebtedness
OF Georgia is ......, 6,7SO,oOooO
The bonded Indebtedness
| of Alabama Is .....,. 9,0570OO.OO
The bonded Indebtedness
| of North Carolina is 7,539O00O0
The bonded Indebtedness
| OF South Carolina is :. 6,52S,O 90
The bonded Indebtedness
of Tennessee Is ...... ll,4OO,0OO.O0
The bonded indebtedness
OF Virginia is ..,...., 24,9S0, 10000
The Indebtedness OF many North
ern States Is large
The bonded Indebtedness
OF New York is ....~ $70,730, 10000
The bonded Indebtedness
of Massachusetts is i. $4,000, O00.0
The bonded Indebtedness
| OF Connecticut is ..@.. S,304, 900. 90
| II should be remembered also, that
| the bonded Indebtedness OF the city of
Louisville is 1880. 10000, and many
cities OF the United States have large
bonded debts.
II appears from the statement Of
the Auditor OF Public Accounts that
the State was In debt June &c. 1911,
Ave months before | was inaugurated
as Governor. sl,526, 1881 and that the
indebtedness OF the State June 80,
1913 was sl,799 ,943,2S, and on the 3Oth
OF November, 1913 there was $780,
544,20 In the treasury, The increase
| in the debt OF the State therefore, was
made, principally, by five per cent in
terest on the amount of the State debt
since June 80, 1911
II has been repeatedly published
that the appropriations made by the
| first Legislature OF the present admin
istration were greater than the appro-
Ipriations made by the first Legisla-
ture OF the preceding administration.
requested the Auditor to furnish me
a statement showing the expenditures
made in the respective years referred
to.
The appropriations made by the
first Legislature under the admins
tratlon which came into power in the
year 1908 amounted to $1,3S9, 021 90 /;
the appropriations made by the first
Legislature OF my administration, in
1912, amounted to 1915. PASS which
shows that the appropriations made
during the first year OF my admins
tration did not sum up one-half as
much as the appropriations made by
the preceding administration.
| II should be remembered that the
whole State tax at that time amount
ed to fifty cents on the one hundred
dollars OF valuation and only twenty
one and one-half cents of this fifty
cent tax was set apart for the pay
ment OF the current expenses of the
State, including all specific and an
nual appropriations. The school fund
sinking fund and State University get
twenty eight and one-half per cent OF
the fifty-cent tax, which In much more
than the amount set apart for the
payment OF the current expenses OF
the State.
The amount appropriated by the
II
lature OF 1914, is the smallest appro-
priated In many years, the entire a.
mount being only s40.446.00.
Political Wow Of Democratic Party
| Encouraging and Satisfactory.
am glad that address you at a
thine when the political view of the
Democratic party is so full of enthus-
iasm, encouragement and satisfaction
Democrats made great achieve
ments at the November election in
1910. and this pointed to the over
throw of the Republican party, which
had become intoxicated with power
tyrannical in legislation, and despotic
in the management of governmental
affairs.
For sixteen long and wearisome
years, all the Democrats could do
was to promise what they would ac-
complish II given power. The people
believed and trusted them, and said (.
We wish to give you a chance to win
the encomium, Well done, good and
faithful servants, and we will place
all the branches Of the Government of
the United States under your control"
| In November, 1912, the people
| Game like the winds come
When forests are rended
Came like the waves come
When navies are stranded"
land made Woodrow Wilson Presi-
dent, and Thomas r. Marshall Vice
President. and Democrats again took
possession of their own.
Revision and Reduction of tho Tariff.
Complying with Democratic prom
ises, an extra session OF Congress
was called by President Wilson, and
Democrats commenced as promptly as
possible with the great work OF revis-
Ing the tariff. downward, and never
stopped until the work was completed.
In my Judgment, the tariff bill re-
Gently passed by Congress and APP
proved by the President, is the best
tariff bill ever put on the statute
books. The income tax section adds
much to the tariff bin and helps to
make It rank among the best tariff
bills ever enacted by. Congress,
! The Currency Bill.
The second great problem disposed
OF by the first Democratic Congress
lundar praaiHant xUli.oa x,,a. 49,