Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-09-11

ino,,'da 40 "a cans a deficit" is inclj,.s
include this longtime runnins .aed
as CURRENT liability instead >. a'esUa
ed debt, which to all intents =" -, 'at
poses 1t practically it under tn. 1 ,, sa
ating it, why not include a,so "a. s' %
manent school fund of 1890 %, 90, we st
practically in the same class, ~, .ii
Governor could proudly show az.
of over s55o,o0o instead Of a mea. uaa
And if he wishes to 20 far,, @@
add to current liabilities the p.,',
Indian fund and the Passamaouosss
dian fund and other trust funds ~.
emies' etc, and if he keeps ON !. at
complete the circle and arrivs a,
exact amount of the State deb, .
by me in my printed report in -. ."
OF the public (page ~, as follow. "'u
Assets and Liabilities Dec. a 10.
ASSETS.
Cash on hand, general funds &, 800 -.
Cash on hand State highwav - 81
loan funds ..
state taxes due and unnaid EN
Maine Forestry District tayes -'"''"4
due and unpaid
Carleton fund invested Pc
Robe fund invested .,,'''' L@
Trust funds held. deposited bv fNa
Accounts cunts '' rere,va ;h1;''''.''.,.... 1885,.
'"''e '''''''''... %
e'S ,'.,..'.....'''...."s2,s34 a
LIABILITIES
Funds s' cr "Iu. ir,.ro.; oam
Trust f,,nds purposes .:....", l,oT4gI
Carieton f,,d ~ corporations. 1850
Rohie fund I''u '''''''''''..'..".. lIs
Public administrators fund ~
Receivers fund ....,. 49,.
Due Maine Forestry District
Appropriations continuing by
law OBSERVATION-DISCLOSURES. Hu
School and mill fund due towns ~.
Common school fund due towns ,I:aI
Railroad and telegraph tax dne '"
no towns ,;s,,,:. '..:..,.......:...:...... lsa}
i I've l,oenses 10 De refunded. AM1
Accrued interest on highway '"
loan bonds ..............'' ru
Reserve to retire highway loan
oonds ..:....... NSI
0"'a"ee i'i4 appropriatlons'... Mll
Totals liabilities ... Hsnm1
Net debt Dec. 81, 1914 .......,.. 10S IA
g,Ma
State Highway Loan
ASSETS.
CneXpended cash in treasury ns
New road construction .,,. TNM1
,n,-,, soa
Bonds outstanding ........,,s EeY
Bonds cancelled ............,.,,. AMI
-
saoM1
In this report you will notice smoa
liabilities Funds credited, in,eres, psy|
able for school purposes" nwlwi
This amount of s1,O74,9s7.a is made h
follows: (See page SO of auditors
ed report. 1910 permanent soAed
s4S2, 1882; land reserved for public
s413, 35s.9s; Penobscot Indian fund.- ~
Al; Passamaquoddy Indian fund, ~
IS, and other trust funds for acads
and industrial schools of 81, llsls, mad
total of $1,074,93727
To show my own understanding Of q
matter and the fairness with which
have always treated it. will quote fNs
a letter addressed by me to Gov Halns
Dec. 31st, 1914. at the close Of the Haas
administration. Here is what w'r1
and what was published in the nsvsn
pers of this State at that time:
1.-TWO years ago. my hopored preo'
cessor in his letter and report 10 Io'
Plaisted, Jan. q, 1913 for two yeai
ending Dec. 81, 1912, pointed with PRIV
and Justly so, to the fact that the ca'
on hand and the State taxes due WI
more than enough to pay all ouls'an'
ing payable liabilities in full, eve',
thing EXCEPT PERMANts
SCHOOL FUND. LANDS REsEHs..
FOR PUBLIC USES. UNlVEksl.
OF MAINE AND AUGUSTA HoSfl
tai TRUST FUNDS. / wish 10 y
that what was true then is true n'
with this addition that. whereas ~
years ago the balance in favor Of :. :
State. after deducting all payaos
biiities for the available assets q.
and all taxes due was less thah ~.
(s4,SO4.13). Now the balance IN la'
CONTINUED on Page Column D