The Ely miner., 1915-11-26
STA1E'S BUSINESS
TOTALS MILLIONS
TREASURER ESTIMATES TOTAL
FOR YEAR AT $45, ASS, ,69o.33-
INCREASE SHOWN.
TRUST FUNDS s23, ,33s, ,284.s9
Gain of More Than $22,oo0,oo0 In
Forty Years Observation-Disclosures
Prison Farm Machinery and
Twine Plant Receipts $2,ooo,ooo.

ST. Paul.-Minnesota did business
OF S45,439,69O33 during the year end
ing July 81, 1916, according to figures
just made public by Walter ]. Smith,
state treasurer.
This round sum serves to convey
to the mind of the taxpayer the wide
extent to which the governmental
business of the state has grown, but
some OF the mathematical conjurors
In Mr.. Smiths Office have worked out
small table which makes the big
business of Minnesota even more
forcibly apparent. Their figures
show the business is done in the fol-
lowing amounts; s45,439, ,69O.93 year;
S3,7S6,640.92 month; $126,221.36 a
day; s5,25s.22 an hour; $S7.65 a min
ute.
st. Paul.-Minnesota did business
OF $45, ,439,6oO.33 during the year end
ing July 81, 1915, according to figures
just made public by Walter j. Smith,
state treasurer.
This round sum serves to convey
to the mimi of the taxpayer the vile
extent to which the governmental
business Of the state has grown, but
some OF the mathematical conjurors
in Mr.. Smiths office have worked out
small table which makes the big
business Of Minnesota even more
forcibly apparent. Their figures
show the business is done in the fol-
lowing amounts: $45,439,690.33 a year;
So, rS6, 6,64O.G2 a month; $126,221.36 a
day; s5,250.22 an hour; $S7.65 a min
ute.
st. Paul.-Minnesota did a business
of s45,439,690.33 during the year end
ing July 81, 1915, according to figures
just made public by Walter ]. Smith,
state treasurer.
This round sum serves to convey
to the mind of the taxpayer the wide
extent to which the governmental
business Of the state has grown, but
some of The mathematical conjurors
in Mr.. Smiths office have worked out
a small table which makes the big
business Of Minnesota even more
forcibly apparent. Their figures
show the business is done in the fol-
lowing amounts: S45,439, ,690.33 a year;
$3,7S6,640.92 a month; $126,221.36 a
day; $5,259.22 an hour; $S7.65 a min
ute.
These figures represent the total
receipts and disbursements handled
NV tho nffion nf
during the year. They are widely diff
ferent from those of even such late
year as 1875. The total receipts and
disbursements for that year were ST.
Ola, 4,113.93. In that same year the
assessed valuation of real estate in
Minnesota was $21S,S55, ,743.OO. In
1915 1t was $1,274,159,395.00
Trust Funds $23,33e,2s
In 1875 the permanent trust fund
contained total of ,4SO.O0. At
the close of the fiscal year July 81,
they had tripled and quadrupled and
multiplied to the large total of $685.
333, ,2S4.S9. And they are of even
greater value than this figure. Mr..
Smith explained how this actual value
Is realized, as follows:
These figures on the permanent
trust funds represent the actual bonds
in the custody of my office for money
loaned out of the funds. There g
now about $11,0OO,OOO in land con-
tracts FIR state LANDS sold winch .s
drawing per cent interest, and as
soon as these lands are paid for it
will add just that much more to the
permanent trust funds so that in real
fty the actual securities belonging to
these funds at this time is more than
s34, 100000.
The state contributed s4.372.21534
toward support of the public schools
last year, as shown by the books of
Mr.. NTH. To the counties for aid
In building roads and bridges went
LAPS, 9,066.37 from the state.
Profit From State Prison.
Another interesting feature dug out
OF the mass OF dry figures on the re-
eeipts and disbursements of the state
for the last year by Mr.. Smith was the
fact that receipts from the Saltwater
prison farm machinery and twine
plant for the year were more than
S2,000.O0O. The profit of the prison
industries was more than $350,000,
so that the Legislature did not ap-
proprfate one cent for support of the
prison. This means that the taxpay-
ers of Minnesota were not called on
for one penny to aid in meeting the
running expenses of the big institu-
tion with its more than one thousand