KANSAS. 



443 



General revenue $215,188 22 



Capitol extension 5,882 28 



Sinking fund 21,714 8T 



Interest fund 74,881 22 



Permanent school fund 187,769 95 



Annual school fund 10-3,726 00 



Normal School permanent fund 8,578 71 



Normal School interest fund 1,458 07 



University permanent fund 10,695 82 



University interest fund 6,767 99 



Railroad fund 7,388 60 



Military 272 08 



Total $644.823 76 



In addition to the cash in the Treasury, the 

 sinking fund contained United States and State 

 bonds to the amount of $218,125. The State 

 debt falling due in July, 1883, amounts to $61,- 

 800, of which $32,000 is now in the sinking 

 fund, $16,000 is held by the permanent school 

 fund, $800 by the State University fund, $3,- 

 700 by the State Normal School fund, and 

 $8,900 by individuals. On the 1st of July, 

 1884, $189,675 falls due, and of this amount 

 $2,125 is held by the sinking fund, $47,425 by 

 the permanent school fund, and $140,425 by 

 individuals. The income to the sinking funds 

 from interest on investments and from the 

 present rate of taxation will be ample to meet 

 these obligations. 



The next bonds fall due on the 1st of July, 

 1886, at which date $100,000 mature ; these, 

 however, can be provided for by the Legisla- 

 ture of 1885. 



The present rate of taxation of four tenths 

 of one mill on the dollar, to pay interest on 

 the bonded debt, will prove sufficient to meet 

 all liabilities. 



The permanent school fund, in addition to 

 the $187,769 cash in the Treasury at the close 

 of the fiscal year, contained $2,280,121.07 in 

 United States, State, and school district bonds. 

 This fund is rapidly increasing, and further 

 legislation will be necessary to provide for 

 its judicious investment. For the past four 

 years a tax of one half mill on the dollar has 

 been annually levied for the purpose of build- 

 ing the State Capitol. " I would suggest," 

 says the Governor, " that this tax be discon- 

 tinued, and that authority be given to bor- 

 row, from time to time, as it may be found 

 necessary to successfully carry on the work, 

 from the uninvested school fund, paying in- 

 terest thereon at the rate of 4 per cent per an- 

 num." The amount subject to investment will 

 soon be $350,000. 



The Legislature of 1879 discontinued the 

 levy of a direct tax for school purposes, hence 

 since that date the annual school fund has been 

 derived wholly from the interest upon the in- 

 vested permanent school fund, including inter- 

 est on the unpaid principal of school lands 

 sold, and the fifty-dollar tax on foreign insur- 

 ance companies doing business in the State. 

 This income from June 30, 1880, to June 30, 

 1882, amounted to the sum of $542,928.70, to 

 which should be added the balance in the 

 Treasury July 1, 1880, $116,000.48 making in 

 all $659,029.19. 



The disbursements during the same period 



were $558,076.18, leaving a balance on hand, 

 July 1, 1882, of $100,953.01. The sum col- 

 lected by the several school districts of the 

 State by direct taxation for educational pur- 

 poses during the same period amounted to 

 $2,791,825.85 making the total amount ex- 

 pended for the support of common schools in 

 that time of $3,350,002.03. 



The State University permanent fund, at the 

 close of the fiscal year, amounted to $48,723.- 

 59, of which amount $10,690.82 was cash in 

 the Treasury, and $38,027.17 in State and 

 school-district bonds. The income from the in- 

 vested fund, together with the interest on the 

 unpaid principal of university bonds sold, for 

 the two years ending June 30, 1882, amounted 

 to $12,106.05, to which should be added the 

 balance of the interest fund in the Treasury, 

 July 1, 1882, viz., $518 making a sum total of 

 $12,624.05. Of this amount there was drawn 

 from the Treasury during that period the sum 

 of $5,851.05, leaving a balance on hand to the 

 credit of the State University interest fund 

 on July 1, 1882, of $6,767.99. The direct ap- 

 propriations made by the Legislature for the 

 support of this institution for the two years 

 amounted to the sum of $64,000.12. Of this 

 amount $63,826.79 was drawn from the Treas- 

 ury, to which should be added the sum of $5,- 

 851.06 interest fund expended making a total 

 of $69,697.85. 



The permanent fund of the State Normal 

 School at the close of the fiscal year, June 30, 

 1882, amounted to $35,073.71, $26,475 of which 

 is invested in bonds of the State of Kansas 

 and school-district bonds. The balance, $8,- 

 578.71, is cash in the Treasury. The income 

 to this fund from July 1, 1880, to June 30, 1882, 

 amounted to the sum of $20,308.07, derived 

 from the interest on bonds and interest on the 

 unpaid principal of sales of Normal School 

 lands. The appropriations made by the Legis- 

 lature to the State Agricultural College for the 

 two years ending June 30, 1882, amounted to 

 the sum of $36,729.09, of which $17,979.09 

 was paid for the purpose of restoring the en- 

 dowment and income funds, and the balance 

 for buildings and experiments. 



The following is a financial statement of the 

 Henitentiary for the two years: 



Cash earnings $89.548 94 



Coal furnished state institutions 12,691 31 



Improvements and buildings 18,467 25 



Total earnings $120,702 50 



Total expenditures 120,045 99 



Balance in favor of prison $656 51 



The total assessed value of the railroad prop- 

 erty in the State is $25,088,156.46; average 

 per mile, $6,786.43 ; gross earnings, estimated, 

 $45,000,000. 



The extent and assessed value of the several 

 classes of railroad property for the year 1882 

 were as follow : 



Number miles of main track 3,697 



Value per mile of main track $5,181 65 



Total value of main track $19,155,571 00 



