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The Indianapolis Journal
Indianapolis, Marion County, Indiana
What is this article about?
State Treasurer Cooper addresses a $156,000 financial deficiency reported by Auditor Rice, proposing advance county collections, potential gubernatorial loan, or halting insane hospital construction to manage until legislative action.
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Treasurer Cooper Thinks There Will Be No Trouble in Getting Ready Money.
State Treasurer Cooper was asked, yesterday by a Journal reporter, if the deficiency of $156,000 in the State's finances, shown by Auditor Rice's report, would seriously affect the Treasury in any way.
"I think," replied Mr. Cooper, "that we will be able to get through all right. We can do as we have been doing—collect from the counties in advance, and in that way we can probably meet all demands until the Legislature convenes and makes some provision for the deficiency. If any extraordinary demand arises the Governor can authorize a temporary loan of $200,000. If it is found impossible to meet all demands, expenses can be curtailed by suspending work on the new insane hospital buildings, which are causing the trouble. The Treasury is run on a very close margin. There ought to be a surplus of $400,000 or $500,000 on hand all the time, so that if any great emergency should arise, such as the destruction of any of the public institutions by fire, the State would be prepared for it. Besides, the Treasurer won't lose anything by having a little money on hand."
What sub-type of article is it?
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What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
The State
Event Date
Yesterday
Key Persons
Outcome
deficiency of $156,000; suggestions to collect from counties in advance, temporary loan of $200,000 if needed, curtail expenses on new insane hospital buildings
Event Details
State Treasurer Cooper was asked by a Journal reporter about the impact of the $156,000 deficiency in the State's finances shown by Auditor Rice's report. Cooper replied that they can get through by collecting from counties in advance to meet demands until the Legislature convenes and provides for the deficiency. If extraordinary demands arise, the Governor can authorize a temporary loan of $200,000. If impossible to meet all, suspend work on new insane hospital buildings. Treasury runs on close margin; should have surplus of $400,000 or $500,000 for emergencies like fire destruction of public institutions.