SECOND BIENNIAL MESSAGE. STATE OF NEVADA, EXECUTIVE DEPARTMENT, CARSON CITY, January 1, 1895. To the Honorable, the Senate and Assembly: GENTLEMEN: I have the honor to submit for your consideration a brief summary of the affairs of the State, together with such suggestions and recommendations as in my judgment should command your attention. FINANCES. The finances of the State are in that satisfactory condition which an honest, intelligent and economical administration of its resources cannot fail to establish. The State continues to do business on a cash basis, and does not owe a dollar aside from its bonded debt to its own school funds. This debt on January 1, 1895, amounted to $150,000, as against $180,000 on January 1, 1891, showing a reduction of $30,000 during the present administration. Our school funds now amount to the magnificent sum of $1,300,374 26, exclusive of unpaid balances on land contracts, of which amount $1,130,000 are invested in United States four per cent. bonds of 1907 and Nevada State interest-bearing bonds; $100,000 worth of these United States bonds were purchased in 1894, and there is now on hand subject to investment the sum of $98,654 32. An abstract of the report of the State Treasurer is herewith submitted, which exhibits in detail the operations of his department: Cash in the State Treasury applicable to the payment of $216,711 17 190,305 98 Leaving the indebtedness in excess of coin on hand.... $26,405 19 |