Pine Bluff daily graphic., 1915-03-28
GOVERNOR LOPS ,$595,O32 FROM
 APPROPRIATIONS
(Continued from Page D

enable expenditures. No admlnlslra- ! ton should recklessly squander the 1 EeOple's money. 1 do not think mat any institution should suffer for any i lack of funds; and l have taken par 1 ticular pains to see that each one is well provided for during the coming 1 biennial term.
 "The last legislature appropriated $3 ,0S66S1 9S to be derived from the general revenue funds for the next biennial period. Included in this was $139, 400 to cover deficiencies in the various institutions for the past two years, which should have been aveid- ed and, also, $l7,260 for the Smith Lever fund. an additional burden that we have called upon the states finances 10 bear.
 Will Wipe Out Deficit.
 "I have gone through the appro priatlons; 1 have worked long and hard with the different bills; l have seen fit to veto $595O32 from the total appropriation of the Legislature and feel that every department of tn state government will be well caref! for during the next two years. This will make the ensuing two years cost the taxpayers $2,49o,032. The total revenue paid into the general fund for the past bienn1a! period was approximately, $3,9SQ, Q,Q00. .s ;. ..,,
 "For the past few years, the jn-. crease in the total assessable5, prop-a erty of the state has been up in the millions of dollars per annuln, and an increase in the total general reve- hue of about $1350 for the biennial term. Under normal conditions the assessments this year would, increass about twenty million dollars. 5i ,i'It is estimated that becaus se of the tpassasSs4 by this legislature of a supplement tary inheritance tax law. and ..of. D bill regulating j, the taking; of sand anu gravel from the beds and bars of sspNr streams, and of H new law pr0Yiding for the: assess1ienta. Of sesrtainss ears heretolore| 'unassessed, that ou: reve,. nues will increase approXilnatefy $2eO 600, for. the. next biennial periaq, So., taking, into consideration the .un4l uspally hand. year before ds,9 9andg alssa the fact that purs.i@totM assessments wiIl, probaPly S,not :sba: ipcreased,i ttf total revenue, ifors the tne.YYt:i. kienlia period should be approximately .&a>- 1S0,000, so, with the expenditure Of S2,550,0o0 for the next two years the state will have left to the credit of the general revenue fund for the next hiennial period approximately $6So.- 900. There is now something over $550,0O0 outstanding warrants. Toe states deficit at present will but lit tie exceed that amount, and so we see that approXimating our revenues for tho next two years in the light of scme Of the revenues recently enact | ed, and in view of the experience or l the past, we will be able to run the l government on a reasonably liberal plan for the next two years and to 1 consume the present state deficit of approximately $550,000, and that in addition to that the state will have left to the credit of the general reve- rue fund within the next two years approximately $130,000. This should, st least, take care of the deficiencies that may arise. It is utter folly fc! the state to further permit the ex- 9enditures to exceed the revenues. 
 The policy of this administration is che of strict economy. l shall viz
 crously discourage the creation of any deficits in any of the state :'e- Iartments, Or state institutions. do not wish to transfer to my success sor any financial burden for whi c'' he is not responsible.
 Revenues Are Sufficient.
 fully believe that within t!.s reM two years state warrants will oe
 V orth 100 cents on the dollar There
 can bt no doubt of. this fact, if tn, , neat legislature and the next gover
 nor will! keep the expenditures wei wIthin the revenues as has this al
 iainistrat'oa. l believe further tha'
 with the proper economical policies
 by the heads of the state departments , and different state institutions, J Il revenues are sufficient to provide fol