The Birmingham age-herald., 1918-01-14
Governor Henderson Issues Statement on Present
 Financial Condition
LUCK NOT SCIENCE,
 CAUSED RETIREMENT
Chief Executive. Warns Citizens That Surplus Does Not Mean Fiscal System Should Not Be
 Changed

Montgomery. January 1s.-(Special) } For the first time since 1907 the gov ernor of Alabama Saturday afternoon was permitted to announce that this states receipts now exceed it's dis hursements and that during the last fiscal year which ended September 50, $141.i14.42 was paid upon the float ing debt which has been mounting up- ward since 1907. Attached to the pub lie statement which was issued by Governor Henderson was condensed statement of the states revenues and expenses for the year, which shows that total receipts were s6,054,s54.7o, while total disbursements were s5,- 913,T40.2S, making receipts greater than disbursements by s141,164.42.
 Governor Henderson in personal con- ference with newspaper representa- lives explained that the statement was compiled by his department for his personal information and was so arranged that no recognition was taken of the various government ap- rropriations or other moneys which come into the state treasury only to be paid out again for a specific pur- pose. For instance, the federal gov ernment gives certain money for a certain thing which is placed in the state treasury but instantly is paid out again. It shows in both columns of the ledger as a receipt and a dis bursement. If Governor Henderson had considered this the receipts would have been above s7,0O0, 0,000s but. the disbursements would have been Ain- creased just as much as the receipts.
 ACTUAL REVENUES
 The governor said he desired to ac- quaint the public with the actual rev. enues which are at the disposal of the state government and for this req son did not take into consideration these special funds.
 He divided receipts and collections into separate items and in an ampli- fled statement showed just what en- tered into each item Total receipts follow: Ad valorem taxes, $4,0S9,695. TO , poll taxes, $141,066.S7; license taxes $7S5,6S9.75; insurance department, $313,Ss4.e3; receipts from other state departments, $1241S569; convict de- partment, $506,s73.94; miscellaneous receipts, $939S472; total receipts, s6,- u04,oJl.Iu. (IOtal earnings or the con- vict department were s1,716,710.49, but exr enses, supplies and maintenance were s1,166,633.99. and circuit court costs were $43,702.09. reducing the net earnings to $506,373.94.)
 DISBURSEMENTS
 Disbursements were as follows Schools of every character, $3,129,- 922.21; Confederate pensions. $993,- 311.90; state institutions, exclusive of schools, $42S,6S4.26; interest, s417,- S19.44; judicial department, $239,- S57.3S; detached activities of the state, s232,055.2S; executive salaries, $1S4,- 051.29: executive expenses, s96,213.46; feeding prisoners, $129,S1596; public printing, s39,950.3S; miscellaneous dis bursements, $14.256.2S; Alabama na- tional guard, $7S52.50; total disburse- ments, s5,913.740.2s; receipts over dis bursements, $141,114.42.
 Governor Henderson,s financial statement and his bulletin to the pub- lie on state finances are the first com plete record of the financial condi- tion of the state to come from the executive department in several years and in commenting on the record of the fiscal year, he said: While I be- 1ieve the facts presented herewith will be gratifying to the citizens of the