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Show I SUE FlflCES , MOST FAVORABLE Not in several years have the balances bal-ances on hand in state funds been so low as thoy were at the close of business busi-ness Saturday night, according to a report re-port from Ev O. Larson, state treasurer for August, completed yesterday. Tho report shows a total of $851,612.16 in cash in the banks, In all funds of the State treasury. It is seldom under ?lf-000,000. ?lf-000,000. This, however, docs not mean what at first blush might be gathered, that the state's finances are unusually low. For example, the balances on hand in the state land grant funds are only $409,043,21 at present. One year ago thev were $910,334.41. That means that approximately $500,000 is out at interest among state farmers this year that last year was lying idle in the state treasury. In addition, the sta'e has just comppleted the payment of $150,000 bonds, issued in the year 1S9$, to refund some old territorial bonds. The state's balances are that much lower than usual, Tor the reason that the money was in the state treasury awaiting tho time when the bonds, which are equivalent to the mortgage on the homestead, should become due. Mr. Larson's report shows that total receipts for August were $486.S75.65. while disbursements for the month) were $726,236.33. The balance on hand at the beginning of August had been $1,090,972.84. j |