FINANCING THE CAPITAL REQUIREMENTS 265
$500,000 for an administrative office building. This expendi-
ture appears justifiable, as the present state capitol cannot
house all the boards, bureaus, and commissions of the state
government, and the arrangement under which several
departments are housed in rented quarters is inconvenient
and expensive. A new governor’s mansion at Jefferson City
also seems necessary. The one now in use was built in 1872,
and engineers have given warning that the building is not
safe for the holding of receptions and other large public
gatherings. The expenditure of $150,000 for this purpose
was recommended by the Commission.
For the purpose of this discussion, the expenditures for
capital purposes recommended by the State Survey Com-
mission are accepted. Before discussing the problems of
capital financing more fully it is desirable to consider briefly
the expenditures of the state for capital purposes in recent
years, with particular reference to the question whether the
present capital needs of the state are in the nature of an
accumulated deficiency or whether they are such as can
conveniently be spread over a considerable period of time.
AnaLysis oF Capital ExPENDITURES IN RECENT YEARS
In order that the nature of the problem may be fully
anderstood, Table 83 is presented. This table shows that
-xpenditures for highways in recent years have predominated
in the outlays of the state for capital purposes. In 1928
the total capital expenditures of the state government
amounted to slightly more than $14.3 million, of which
almost $14.1 million were for highways. Capital expendi-
tures for all other purposes amounted to only $250,708, or
$0.07 per capita, as compared with per capita expenditures
of $3.92 for highways. In other words, for every dollar
2xpended for capital additions or improvements to buildings
used for educational, penal, eleemosynary, general govern-
ment, and other purposes, the state expended approximately
$56.00 on account of capital outlays for highways.
In 1927 the capital expenditures of the state for other
than highway purposes amounted to slightly more than $1
million, the per capita expenditure being $0.28. The capital
