Putnam patriot., 1923-11-30

Hartford. Nov 2G-interest in the report af State r Treasurer G Harold Gllnatric for 1923 was revived hy the appearance tHis week of the report in printed form. it contains figures which ought Co give aatisfaeti6u to every citizen of the state. and which pindieate the fscai policy of the Re publican administration. The fig lres. nt the same time show hgw the annual exBensez of the state have grown by leaps and bounds during fha past decade n i3lf tue eXpendi- taref for the year amounted to Ss,- Z8s .#fZ50 At the close of the fiscal year in June. 1923. the expenditures for that period amounted 10 S2l .2e3,= af7Fs This 8as an Increase af about Ia8 per caul b. greatest increase was from l9is to 1920 when the eX- uenaes ran ap from twelve e nineteen millions hat increase look place at time when fhe state was solving the Hs6biem arising out Of the World Aar There was nothing eIse 70 d. baf to meet the problems. E. would have been q shameful population of BonsihiIitF to have ignored them. Connecticut vas true Co itself in s0lv- fnV the problems and the solution showed that those in charge of the af- Eaifs ef the state shaEed the G0nDeetl- eat capacity of administering gov erument But now that the war problems have been solved and war contingencies have all been met. the time has arrived for taking a view of the situation with the purpose of seeing how expenditures may be re dured For fhe past few years the official eyes af the state have been strained % discover something to tax. This has produced d concentration Of vision which blinded officials to the necessity of finding out how expenses could be reduced l. is time that the official vision became more extended and that the state once more became sanely thrifty and economical.
 On Senator TrumbulPs Initiative
 The first step in tax reduction was taken af the last session of the gener- al mbly. when the committee on finance. If which Senator John H. Trumhall. or plainglle, was the chair man. recommended reduction of a half million ia the state tax on the towns That was q substantial redue- fioH. and the towns particularly the small towns. felt the benefit of it. Ii Was made possible by cutting of the appropriation of q half million to the sinking fund for the redemption of bonds. That fund now amounts to over Sil .1gD 900 and with is own growth from earnings if Is amply able f6 take care of che bonds as they ma fnre. Of course there is the danger Uf raid being made on it by the leg i laturs at any session. But that dan ger k sufficiently remote, so long as the two houses are as ably and pru- dentlv led as they were at the last ses-
 ion. and when committees are made nu of men of the force and ability CT these Wha headed the committees Of finance and appropriations of i925= E hen everything k said about the danger of having a large sinking fund it k mighty comfortable to feel that the largest bonded debt Che state has ever had In its existence can be paid of without imposing another cent of fax obligation en the people of the state Nor should t be forgotten that, hQ the manner In which the bonds have been invested, some of the invest meHts are q source of profit instead of q hardship. Taking the states tinau- eial condition, all in all, t is pretty factory and the Republicans are ta he congratulated on the manner in which their nominees hnVo taken care af Che financial affairs ol the state.
 Assessment of Taxes
 The recent hearing held in tho cap itol by the board of equalization was.