The vidette. (Iuka, Tishomingo County, Miss.) 1912-1967, 1923-07-19

.,ssinn, of s13,440,500 with q deficit
snnrorimating 100000 has aroused
the taxpayers of Mississippi, to tre-
mendous pitch of anxiety and 1t is re-
norted that candidates for governor
ana members of the legislature are
uolemnly promising that no more
bonds shall be issued for current sx.
penses.
Senator McCallum, member Of the
senate finance committee, who seems
10 he an authority on the financial
condition of Mississippi, says that out
~ bonded debt of s5,2S3,000 con-
tracted between 1904 and 1918, only
5000 900 was for permanent Improve
mems. This was during the guberna-
torial terms Of Vardaman. Noel
Brewer and Bilbo. In 1920 $4,7l1,0O0
worth OF bonds we're issued for per-
manent improvements at the various
gtate institutions. This was during
the Russell administration, and the
hond hill was introduced in the house
NJ representatives presided over by
Sneaker Conner, and favorably report
ed by the Ways and Means Commit
tee. of which Representative All
Stone of Washington was the chair
man and It is understood Represen-I
tat;ve Stone was the author of the
hir Candidates for the state senateI
and house of representatives are ask
ing for information touching the
amounts of bonds issued, when, for
what. the amount OF interest, andl
when they mature as this matter is
one OF vital Importance In the legis-
latiye campaign. The official record
with reference to bond issues shows:
In 1904, 100000, az per cent
bonds. maturing in 1884 were issued
for current expenses In state govern
ment.
In 1907, $4,000 az per cent bonds
maturing In 1927 were issued to pay
bonds maturing at that time.
In 1910, s264,OOO 4 per cent bonds,
maturing in $780, were issued for cur
rent expenses.
In 1914 $1,250,000, AZ per cent
bonds were issued to pay bonds ma.
turing at that time and to make Inn
provements at the state institutions.
These bonds mature In 1884.
In 1916, s755,250 IA per cent
bonds were issued to pay bonds ma
turing on that date and improvements
at state institutions. These bonds
mature annually to 1886.
In 1918, 100000 IA per cent
bonds were issued to defray expenses
of the state government. These bonds
mature annually to 1884.
In 1920, s4,711,OOO in AZ per cent,
3/S per cent and 51s per cent bonds
were issued for permanent improve
ments at the various state instltu.
tons. These bonds mature annually
until 1916.
In 1922 $3,5O0,000 ~ per cent short
term notes were issued to pay out
standing warrants and current expen-
ses of the state government for 1922.
Those short term notes mature May
/, 1924
Mississippi Is liquidating the above
bonds, including annual interest there
on as follows: In 1928, $1,011,Ss0;
in 1924, $4,524,6 $3.50; in 1925, $685.
655; in 1926. $685., 942.50: in 1927,
$1,O12.23O; in 1928. $S45.722.60; in
1929, sS21,o1O; in 1880. $1.061. 2s7.50;.
In 1881. $761,o25; in 1882, $736.S12..
80; in 1888, $711.630; in 1884, st..
1926 ,3S75O; In 1885, s355,175; in 1895.
$4S7,775; In 1887. $2s4,ss5. and gen
orally reducing until 1s47
The approximate 100000 of bonds
authorized by the legislature Of 1920,l
and approved by Governor Russell,
fer permanent improvements of the
states property, was handled by the
state bonding commission
There Is revival of the talk OF |
| selling the square on which the gov
ernor's mansion In Jackson was buitl
in 1912. This square is 800 by 800
| feet, and is In two blocks of both the
Old and the New Capitol. It fronts
Capitol street, now the chief business
block Of the capital city. Thoss
familiar with its value think that the
lot for business purposes is worth be-.
tween 100000 and 100000. The sus
gestion has been made at intervals
for number OF years that The pres
ent mansion and its grounds be dis
rosed Of, and modern home erected
for the governor, in the residence
part of the city, or that the governor
be required by law, as is done in some
other states, to furnish his own
residence.