The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1920-10-29

states in the Union. It has immense
school and other trust funds exceed.
ing $40,000,000. Last year the cur
rent receipts and disbursements of the
state were over $9O,000,O0O The
states immense trust funds, invested
in high-grade securities, are in the GUS
tody of the state treasurer. All of
the states revenues and expenditures
pass through his hands. Because of
the greatest responsibilities imposed
upon the treasurer of this great state
it is important that only men of ex-
ceptional business capacity and strict
integrity be elected to fill the office
The State of Minnesota has such, an
official in Henry Rines, the present
state treasurer. He is now serving his
second term, and is a candidate for re-
election upon the Republican ticket,
having been re-nominated at the June
primaries. Mr.. Rines has proven his
fitness for the position by the thor
ough business methods which he has
applied to the administration of the
office and by his conscientious appli-
cation to duty. During his incumben-
cy he has adopted new policies in the
depOsiting of state funds which has re-
suited in largely increased interest
earnings. This increased revenue is
much more than the cost of admins
tering the treasury department His
sound business administration of his
office has earned him the commenda-
ton of the people of the state and en-
titles him to reelection
Native of Sweden.
Mr.. Rines is 4S years old and is a
native of Orsa, Sweden. Like many
another Swedish family the parents of
Henry cast their eyes on far off
America when he was babe in arms
and the stories they heard of this great
country prompted them to leave their
native land when he was year old.
They came directly to Minnesota and
settled in Isanti County. In 1876 the
Rines family moved to Kanabec coun-
ty and the state treasurer has lived
there ever since. His home is in Mora.
where he edits a newspaper and con-
ducts real estate business At the
age of % he was elected county audi
tor. He held that post for ten years
In 1906 Mr.. Rines became a candi-
date for the legislature and was elect
ed to the lower house Three times
he was reelected and in his last term,
1913, he was presiding officer. His
term as speaker was marked by bene-
fetal changes in the administration of
affairs of the house. One of his first
moves was to reduce the number of
employees by one-third. He also was
instrumental in revising the rules of
the house that went long way to-
ward facilitating legislation.
Cuts Legislative Expense.
AS result of Mr.. Rines' activities
the expenses of the 1913 session were
1913 per cent lower than previous ses-
sions. Many important constructive
measures were passed during the ses-
sion. One of his greatest achieve
ments was the introduction and pas
sage of bill repeating the old mineral
lease law. This did away with the
practice of mining companies taking
ore out of state lands at a royalty of
only % cents a ton. This act saved
the state school fund many millions
of dollars.
3 Mr.. Rines also was the author of the
bill increasing gross earnings taxes ofs
railroads from four to five per cent,
thereby putting the taxation of such
upon an equality with other
taxable property of the state. This leg
islation increased annual tax collec-
tions from this source over one mil
lion dollars and at the present time
this increase exceeds $1,500,OO0 yearly.