Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-11-01
NORTH DAKOTA
$62,0O0,000.00
AHEAD Of CAME
Tax Commission Issues Statement
Showing Excellent Financial
Condition
STATE Is ITS OWN
BIGGEST CREDITOR
Very Small Amount in Outstand'
ing Bonds Owed to Private
Individuals

AS going business concern the
state of North Dakota ranks high.
The tax commission has just prepar-
ed statement which shows that the
commonwealth is worth $6l ,219,696.Oo
over and above all liabilities. The
states holdings in property, lands and
cash on hand total $61,798,396.OS,
while it's debts check up only $685.
10000. ~
Some Of Its Assets.
The states assets in permanent
funds consist of $7,9S6,39299 in bonds,
$4,29l 40 III farm ioans; $11,511,2 ,2SS.72
in farm land contracts, and $72l, ,V6.66,
in cash on hand It's lands unsold re-
present a conservative value Of $3l,-
159,O3S. spread over 1,641,697 acres.
The military reservation at Devils
Lake is valued at $3.50: the univer-
sity at Grand Forks at $S87 ,203. .09;
the agricultural college at Fargo ssttt
$SS2 2,275.03; the Valley City normal at
$424 ,O0343: the Mayville normal at
1884 1868 so; the Minot normal, $273,-
54O.S5; the Glendale industrial
school, $156,169.70; the Wahpeton
school of science, $149,274.25; the
Bottineau school Of forestry, $5l,-
1868; the public library, $26,26O.14;
the capital at Bismarck, $435,O the
tuberculosis .sanitarium at Dunseith,
$114,255.62: the school for the blind
at Bathgate, $100,S5069 the institu-
ton for the feeble minded at Grafton,
S279,417.53: the school for the deaf at
Devils Lake, $19Y,003.71; the hospital
for the insane at jamestown, $122,-
27S.S0; the penitentiary at Bismarck,
$532,47S.96; the reform school at
Mandan, $121, ,993,45, and the cash on
hand in the state sinking and inter-
est fund, $101,976.13.
The Liabilities.
The liabilities include 100000 in
state refunding bonds; $150,OOO in
state revenue bonds; $4,000 in terri
torial refundinS; capital building
warrant of $3S,0O0, and number of
other small bonds covering state in
stitutions, making total OF $57S,OOO.
State Lands Valued.
The board has valued the states
unsold lands at four times the assess
ed valuation in the counties where To-
Gated. In it's extensive investigation
of land values, the commission has
compiled it's findings as to the aver
age value per acre, and if based upon
these valuations, the states unsold
land would be worth $32,567 1928, or
nearly one and half million more
than the total used in this statement.
The figures on the state educational
institutions are procured from the
board of regents, and those for the
charitable and penal institutions
from the board of control.
No Interest Funds.
Under the law the state is required
to levy each year sum sufficient to
pay interest charges and to provide a
fund for the payment of all state
boards. At present the state has
more than enough in it's treasury for
this purpose, and no levy was made
for 1916. OF the bonded Indebtedness,
$421,7O0 in in bonds owned by the
state and held as an investment for
the common school fund. The bal
ance of $4,000 is owned by lndi'
viduals. These bonds, not owned by
the state, mature as follows: $4,000
in 1920; $4,000 in 1921; 100000 in
1928. and $4,000 in 1927.