bursements for two years, ending November 30th, 1888, to have been: receipts, $2,280,179.85 which, with the cash on hand December 1st, 1886, $481,885.64, and cash invested in state warrants on that date, $352,617.08, make a total of $3.114,682,57. The total disbursements were $1,721,830.31, which with cash invested in state warrants, $575,047.92, and cash balance in treasury, $817,804.34, make a total of $3,114,682.57. The receipts by biennial terms from the admission of the state to the close of 1888, were as follows: At last we have an intelligent and straight forward analysis of the state debt, and an explanation of the causes of its magnitude, which as a matter of fact is surprising to the tax-payer not much accustomed to investigating the disposition made of the public funds, and it will also be discovered that much of the indebtedness is due to the operation of imperfect laws, otherwise the license permitted by loosely worded statutes, perhaps designed to be liberally and not literally construed. Auditor Kingsley, after making a brief reference to the statement of his predecessor, published in advance of the decision of the Supreme Court to the effect that only four mills on the dollar could be levied by the State Board of Equalization for all purposes, whereby that official proceeded on the theory that the general fund was entitled to a four mill tax, says the state debt November 30th, 1888, aggregated $952,544.41, and only consisted of outstanding warrants drawn by direction of the legislature in its several appropriations against the general revenue fund, and bearing 6 per cent; certificates of indebtedness issued by direction of the Governor and Attorney General, bearing 6 per cent interest, and loco weed certificates unredeemed. In detail as follows: As against this rather respectable debt for a state twelve years old, we have an offset in available delinquent taxes of $435,160.38, leaving the debt in excess of revenue, November 30th. 1888, at $517,394.03. The state valuation, as shown by the assessment rolls, has been as EXTRACT FROM REPORT OF SECRETARY OF STATE. The revenue of the state from this office have been for the last two fiscal years nearly three times as much as for any two previous years in the history of Colorado. The receipts derived from this office, commencing with the admission of the state up to the time I came into office, amounted to $52,259.60. During my term of office the revenue for the two years, ending November 30th, 1888, has amounted to $70,652.12. The amount is sufficient to pay the salaries of Secretary of State, his Deputy, and the salaries of the Governor and his Secretary, Treasurer of State and his Deputy, Auditor of State and his Deputy, Attorney General, School Superintendent and their Clerks; in short, it pays the full salaries of the Executive Department and their Deputies for the two years. There are in the state 924 corporations for pecuniary gain, embracing 218 for mining and milling ores, 147 ditch and canal companies, and 559 miscellaneous associations. The capital stock of these various corporations amounts to $373,742,485 divided as follows: Mining and Milling Corporations... $ 181,938,000 22,474,995 269,329,490 $373,742,485 WE DENVER, CAPITAL OF COLORADO AND ARAPAHOE COUNTY. E now approach a subject dear to our hearts, Denver, "the Queen City of the Plains," which, in its brief history, has outstripped the fondest hopes of its founders and excelled the wildest dreams of a Gilpin or an Evans. It has more than kept pace with the advance of this marvellous West. From a cabin in the Fall of 1858 it has grown to be a city of 140,000 human beings, unrivalled private residences, public and private schools, church edifices, public buildings and hostelries. In 1858 the Pike's Peak gold excitement caused a large immigration from the East to Colorado. The placer find in Cherry Creek, near the present center of Denver, caused a few to halt here on their mad rush for gold. General Larimer built a small log hut on the east bank of Cherry Creek, about where the City Hall now stands, and started a town, christening it St. Charles, while just across the creek there was a rival town started, called Auraria. Much jealousy existed between the two towns, which, after a little over a year, were consolidated and called Denver, after General G. W. Denver, then Governor of the Territory of Kansas, under Buchanan, President of the United States (afterwards a brave Union general). At this time Kansas Territory extended West to near where Leadville now is. and Denver was within that Territory up to 1861, when Kansas was admitted into the Union with present boundaries and Colorado Territory was formed out of what was a portion of Kansas, Nebraska, Utah and the unorganized territory ceded by Texas to the United States. For ten years Denver had a hard struggle, then 1870, having 4,759 inhabitants. That year marked the turning point in Denver's favor, and the town in ten years more had grown to a city of 35,629. Population steadily increased, and in 1855 we find it 54,000. January 1st, 1888, it had grown to 96,000, and January 1st, 1889, careful returns show nearly 126,000, which, at this date, June 1st, 1889, has been swelled to the number of 140,000 (estimated), and it is estimated that from 2,500 to 3,000 is being added every month. We now predict that the national census of 1890 will reveal the fact that Denver has a population of 160,000, whereas one year ago our most sanguine expectations did not place the figures above 150,000. Our predictions in the past regarding Denver have been verified by facts when the time came round, and, in fact, more, for in each case our expectations have been more than fulfilled. In order to give a description of Denver we must visit North Denver and Highlands, so that we may obtain a bird's-eye view of the city. NORTH DENVER. Denver has beautiful surroundings, but it can be truly said that no division of this great city equals North Denver and Highlands in all the essentials that it requires to make a delightful residence portion of a great city. No city is perfect without delightful and sightly residence districts, and the North Side affords that absolute necessity. The North Side is not confined to that portion of the city which lies immediately north of the business portion of the city, but is generally understood to be all that portion of Denver which lies across or on the north side of the Platte River beginning at Argo on the north and extending round to Sheridan Heights or Military Post to the southwest. The North Side is the breathing spot for Denver, it being high above the business portion of the city and still very near; the extreme limit of the platted portion north of Barnum's addition, being within the three and one-half mile limit. It is high enough to be out of the smoke and dust of the city, away from its noise and bustle; recently made very accessible by the cable system; ten minutes is suf ficient to take you from the center of this North Side to the business center of Denver. Governor Evans and his associates are to be thanked for bringing this beautiful division of Denver into close connection with the city. The building of the cable has stimulated Colonel Randolph to put on better horse-car service for the North Side. Heretofore the North Side has been dependent upon the one horse system, with cars at long intervals, all overcrowded and insufficient. When the cable began to build, Captain Randolph was compelled to put on two horses and extend out Clear Creek avenue, extend his other lines and otherwise improve his system. To-day the North Side is accessible by three horse car lines and one cable line. With a new cable line building to cross on the proposed Sixteenth street viaduct, then almost every foot of the North Side will be within one or two blocks of a street car and within ten to twenty minutes' ride of the very center of Denver. Is there any wonder the North Side has received a greater impetus in real estate values and transactions than almost any other division? Is it any wonder that some of our wealthiest business men are making arrangements to erect palatial homes on the North Side? Some have already anticipated the advent of rapid transit, and their handsome residences may be seen dotting the hillsides of this delightful place, which residences, in style of architecture, grounds, etc., vie with Capitol Hill for comfort and beauty. The Clear Creek avenue car line is quite appropriately named the scenic route, owing to the beautiful views obtainable from the car |