Rensselaer Semi-Weekly Republican, Volume 39, Number 69, Rensselaer, Jasper County, 3 May 1907 — REPUBLICAN MANAGEMENT AND BUSINESS CONDITIONS [ARTICLE]

REPUBLICAN MANAGEMENT AND BUSINESS CONDITIONS

{Special Correspondence.] Indianapolis, Ind., April 30. —A statement about to be issued to the public by Secretary of State Fred A. Sims will show that the collections by his department during the past three monthß will amount to about $120,000. On_ April 22, when a recapitulation was made for the information of your correspondent, the total was $115,063.71. This not only breaks the record for any other quarter in the history of the state, but until recently would have been considered a fair year’s business. It is very likely that before the end of the year the collections will reach the enormous total of $350,000. To the 22nd of April the department had made the following collections for February, March and April of this year: From domestic corporations, $109,253; from foreign corporations, $519.60; from miscellaneous sources, $1 ,929.50; from sale of court reports, $2,858.50; from sale of automobile licenses, $483.50. For the first quarter of the present fiscal year the collections amounted to $53,928.84, which will bring the total for the first six months of the year up to about $170,000. It seems reasonable to expect that the record* for the remainder of the year will be equally as good. Tribute to Repub I i canisnL. The excellent showing the department is making is due to very prosperous conditions existing throughout the state. The fact that companies are being incorporated is evidence that there is something doing in a business way. The reports of the secretary have always been regarded as a good Indication of the business conditions of the state. Whenever the amount of the collections from new companies was small it has been the case that but little money was being invested. On the other hand, when the collections were large It indicated that new enterprises were being started and that capital was being invested. The report for the present quarter indicates great prosperity in the state and is a refutation of the panic talk in which many of the Democrats are indulging. This report in connection with one prepared In the auditor of state’s office showing that there Is more money in the state and private bankerthan ever before, indicates very plainly that the state Is not going to the bow-wows, as many of the Democratic brethren Insist. —*~ Favorable Comparison Possible. The following table shows the amount of the collections during the past fourteen years: For 1892, $46,000; 1894, $76,000; 1896, $61,000; 1898, $54,000; 1900, $187,000; 1902, $187,000; 1904, $226,000; 1906, $283,000. The reports from which these figures were taken were made every two years. It will be noticed that for the first year of President Cleveland’s last term the collections of the offloe amounted to but s46,ooo—Just about a third as much as the collections for the present quarter of this year. The difference, however, was that the $46,000 was accumulated during a Democratic administration and the $120,000 during Republican times. The ‘‘deadly parallel” shows further that in 1894 —the crest of the Democratic panic—the business of the department of state was still at a very low ebb. The next two reports indicate that It was difficult for the country to recover from the conditions brought about by Democratic rule, but at the close of the first McKinley administration the department began the breaking of records that has continued until the present time. The books at the secretary’s office show whatan unprecedented amount of capitaHlas been invested In Indiana during the last ten years of Republican rule. It is also an index to tbs great diversity of new industries that have sprung up and that are multiplying right along. Not only have the number of domestic corporations increased, but the number of foreign ones doing business in Indiana has steadily increased, showing that capitalists elsewhere regard Indiana as a splendid field for investment. An Untruth Nailed.

The Democratic state committee 1* authority for a statement published In the Democratic papers throughout Indiana during the last few weeks to this effect: "It takes a lot of tax** paid by the farmers to make up th* $860,000 which the lat* legislator* gave for higher salaries and new officers in the statehouse, etc." The story Is ridiculous on the fao* of it. The legislature not only did not make any such extravagant appropriations, but the $120,000 collected by th* secretary of state’s department during the last three months Is more than sufficient to pay the salaries of all th* state officials, their deputies and other assistants and Including, further, all of th* judges of the supreme and appellate courts. The collections for the first six months of this year will furnish more than enough money for th* salaries of every person on the state’s payroll and for the supplies 4hey will have to use. All these salaries will be paid without a cent of the money being taken from the farmers or any other tax-payers. Th* fact, however, that the revenue from the secretary of state’s office Is sufficient for th* payment of salaries, etc., la due entirely to the prosperous conditions under Republican rule* that encourage men to invent their capital in new enter-