The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1914-10-08
$T.447,42o.22
$4.o19.o1s2a
$8,42s, 10000

desire TO call your attention to the
$2,233,000.00 of the public building
bonds, or warrants, outstanding. These
public building bonds, or more prop
eriy termed warrants. are issued
against the proceeds of public building
lands. AS the proceeds are collected
the warrants are taken up. These war
rants are not debt on the part OF the
state. The state is not bound for their
payment In any way. The only obliga-
tion the state has is to faithfully COL
lect the proceeds of those lands and
apply them to the payment OF these
warrants. In other words the war
rants amount merely to an assign
ment pro tanto of the proceeds of the
sale of these lands in process of coIlec-
| tion. The statute that provides for the
Issuance of the public building bonds
or warrants does not attempt TO bind
the state for their payment The leg
| islature was without power to bind
the state for such purposes. The
state OF Washington. as we'll as 9TH
er northwestern states. with consti-
tutional provisions similar to ours,
built some of their public buildings by
! the same process That is, by issuing
public building bonds or warrants
against the proceeds Of the sale Of
public lands granted by the federal
government for the purposes of con-
strlcting public buildings. The SUI
preme courts Of those states in passing
upon these questions held that the
same did not constitute a debt Of the
| state, that the warrants or bond merely
had the effect of assigning pro tanto
the proceeds of the sale Of the pub
lie lands in process OF collection by the
state.
| I further desire TO call your atten-
4 ton to the fact that the state is now
| on a cash basis. In statement Is
sued on September 49, 1914. by the
state treasurer (see Oklahoman same
dateH the treasurer states:
"At the close of the fiscal year end
! ing June 30 1915, there will be no de-
! fciencies and there never has been any
deficiencies created during the pres
ent administration. The government
OF Oklahoma win be turned over to
tho next administration without any
deficiencies but on the other
hand a surplus of cash will be in the
state treasury for the fiscal year end
Ing June 30, 1915. will be ac-
tually on cash basis. Income and
expenditure Will walk abreast. Better
still, tho tax levy for state purposes
has been reduced from 3.5 mills I'M
19t3-14 to 1.3 for 1914-16."
Treasurer Dunlop announces that on
October /, 1914, all outstanding war
rants will be cashed. He further said
"The levy for the year ending June
80, 1913, together with the revenuesl
received from other sources than di-
rect taxation, yielded $255,444 more
than was expected. Revenue for the
'eers ,apSi'1R .Igno. 40. 1PtA woaid- ex
ceed the total appropriation for last
AaI oil
valorem taxes due are collected. Onl
the other hand there was an available
cash balance September /, 1914, Of
1886, 1859, which represents unex-
pended appropriations for tho last fiscal
year. Total appropriations for the
fiscal year 1913-1914 we're $3,947,079.b6,
of which has been expended $1,000,
e5217.
"The state received from indirect
sources 81 ,007. .275.97, which was ap-
proximately 100000 more than esti-
mated Appropriations from the fiscal
year 19l3-1914 are $2.795, ,216.95, to
which ia to be added $130,S1b, the In
terest on funding bonds. Added to
this 20 per cent allowance for delin-
quent taxes, It was necessary to make
the levy sufficient to cover sS,6ll2SS.
34 The treasurer had balance OF
$400. 900 cash on hand on September
10 in excess of all outstanding war
rant Indebtedness"
Achievements Of the National Ad- I
ministration.
The democratic party for the first
time since the civil war Is In the ac-
tuai control of both branches of the \
American congress. Under the leader
ship of our great president II has made
an honest effort in "a, the reduction
Of the tariff for the benefit of the peo-
pie; (2), a tax has been placed upon
Incomes, giving relief to those less able s
10 bear the burdens Of government;
(3), a currency system has been pro-
yided that will destroy the monopoly '
II the money power, that power being I
placed with the agents of the govern J
nent and panlcs have been rendered a
practically impossible; ca, provisions a
nave been adopted to conserve the nat I
lral resources of the country and pre- II
vent irregularities in the disposition {
If oil. gas, mineral, and water power I
.esources; go, the agricultural de- I
,artnnent has been extended with '
dew of giving aid to the farming In 4
crest and developing the efficiency OF O
agriculture; (6), the democratic party a
las become the constructive party IN
he nation and shown its ability to do b
md Accomplish for the American peo- {
lie according 20 their modern needs, r
.s distinguished specifically from a !
,arty OF reaction and non-action; p
n. the federal trade commission act; v
a.. effective antitrust act; and CD q
ugt iaws FOR labor. In addition 20
hat. by the policy Of wisely watching
nd waiting and mediating war has
cen obviated with Mexico and friend
hin has been effectively cemented a
nth the South American republics.
.Iso by the wise provisions OF neutral m
tv our government Is practically now VI
he only great government OF the world 81
Z neace We are to be congratulated b
hat we have a government so wisely -
nd natriotically administered. All
oreiRn political entanglements are
-iseIv avoided. This great party now Idl
|. before the American people for ap- OF
roval of its course. Just the other m
av IN Maine. a state that has hereto an
,ra been rock-ribbed In its republi- er
anisrn. endorsed the national admins Sc
-ation by refusing 20 elect m
publican governor by eiectfng DEM tr
rat ana returning its democratic W
,neressman IA a close district The
.mocratic party In the state Is now
ppeaiing to the voters OF this state
BON a constructive platform The re-
nblican party has come before the
sople OF the state ON platform OF ar
.Ration and criticism without any pr
an for constructive relief nc
obstructive Relief-Schocl Fund 70 an
Be Absolutely Ssfeauarded. m
One Of the great assets that we have M
this state Is trust fund Tor the It
uuon schools. including the school du
~wnfI