Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-05-15
TREASURY IN 1928.
TOTAL Of S21.0R1,940
HANDLED BY STATE

The state treasury handled ST.
270, 690.22 in cash and $3,811,25O in
bonds and securities during the
year 1923, or a grand total Of $21,-
OBJ, 940.22 in cash and securities, &C.
cording to the annual report OF
Treasurer w. J. Speer made public
Tuesday.
or the total cash handled, $14,'
S55,254,91 represented the balance
left on hand January /, 1923, and
the collections during the year
from state sources, while $2,1S4,-
1892 represented the amount paid
into the treasury for highway con-
struction by the federal govern
ment. other items included $751;
ESQ paid by the government for the
motherhood and infancy fund; $4,
451.52 paid by the government for
control of contag ious diseases:
$736.08 in the state boards funds
for examining architects; &135 ,O64,86
was paid by The government for
was paid by the government for re-
Mobilization work.
The Balance
The treasurer's report shows that
,528,83S.41 of the state funds had
been expended up to December 81,
1928, leaving a book balance OF ST.
326, 416.50. A portion of this bal
ance is represented by bonds and
coupons paid by correspondents in
New YorF' by, advances to members
of the legislature for the extra ses-
sion that closed in December, and
bv advances to members of the civil
establishment, warrants for which
were issued after January l, 1924,
it is pointed out. Therefore, the bal
ance was not an actual cash bal
ance.
The common schools Of the state
do not participate in any of the
funds provided by the federal gov
eminent, or in the state highway
funds, and therefore will not be
entitled to share in practically half
Of the money handled through the
treasury, it was pointed out by Cap
tain Speer.
The bonds aggregating $3,S11,25O
were furnished by insurance COM
panies, state repositories, lessees OF
the states property at Chattanooga
and the W. and A. railroad, the lat
ter bond alone amounting to $780,
900.
w. and A. Road Chief Asset
The states largest asset is the
Western and Atlantic railroad, now
leased to the N, G. and st. l.. rail-
road for fifty years at an annual
rental of $40, 900. The interstate
commerce commission has valued this
property at practically $2O,OOO,OOO.
Other assets include the public
buildings owned by the state; lS6
shares Of Georgia railroad stock val
ued at S4S, 800, and 440 shares of
Southern and Atlantic Telegraph
company stock, Endorsed by the
Western Union Telegraph company,
valued at $1,000.
Liabilities
The states liabilities include $5,-
100000 in valid interest bearing
bonds; $500 in non-interest bearing
bonds, and 10000 in a land script
fund on which the state pays the
University of Georgia 7 Ier cent
annually, making total liabilities OF
$5,384,202.
AS was shown in Comptroller Cen
eral Wright's report published last
Sunday, the main item Of revenue
for the state was the general tax,
amounting to $4,000, 696.01 in 1923,
compared to $3.50, 559.93 in 1922.
The largest disbursement was to the
common schools of the state, or
1888, $500 in 1923, compared to
1852, 4OS63 in 1922. Since this re-
port was compiled the schools have
been paid an additional $4,000 out
of 1923 revenues, and are to get at
least $50. 900 more, it is said.