On the assessed valuation in 1932 ($1,671,276,370) a direct tax totalling $50,657,489 was levied by the State, counties, school dis tricts and municipalities. Out of each $1000 taxed, $0.76 was levied by the State, $5.48 by counties, $6.51 by school districts and $2.45 by municipalities in 1935. Including the property tax, the State collected during the fiscal year ending June 30, 1936, a total of $123,924,249 from all revenues. Of this $12,329,920 was derived from a gross sales tax. A sales tax of four cents a gallon on gasolene (raised from two cents in 1927) netted $6,411,191. An inheritance tax contributed $509,946. The remainder was obtained from miscellaneous sources. Total receipts for the year contrasted with total disbursements of $120,660,390 leave a balance of $8,752,050. For the year ending June 30, 1935, the receipts were $116,057,481 and the disbursements $117,881,418 leaving a bal ance of $5,488,191. In 1915 the amount of the debt to Virginia, which had been in controversy since the Civil War, was fixed by the U.S. Supreme Court at $12,393,929, plus 5% interest until paid. Besides this debt, the State had incurred a bonded debt of $78,950,000 for highway construction. Money to pay the annual interest and sinking fund is derived from auto licences and the gasolene sales tax. The total bonded indebtedness on July 2, 1936, was $85,330,800.
On June 30, 1936, there were in the State 185 banks (79 of them national banks) with resources and liabilities totalling $322, 979,000. The capital, surplus and undivided profits amounted to $46,705,000. The deposits were $272,986,000, of which over $110,000,00o were on time accounts.
The New River State school at Montgomery and the Potomac State school at Keyser came into existence as State-supported pre paratory schools at a time when there was a dearth of public high schools. They continue to offer the final two years of prepara tory work and have added the first two years of college work, so that they operate as junior colleges. There were in 1936 six State normal schools for whites. Three of them, located at Huntington, Fairmont and Athens, gave complete four-year teacher's courses. One, located at Glenville, gave a two-year normal course, while the remaining two, located at West Liberty and Shepherdstown gave both a two-year normal and a two-year junior college course.
Bluefield Coloured Institute at Bluefield, serving the coloured population in the southern part of the State, gives a regular high school course, plus normal and junior college courses. West Vir ginia Collegiate Institute at Institute, also serves the coloured population, offering preparatory, normal and college courses. There are State schools for the white deaf and blind at Romney and for the coloured at Institute. West Virginia university is located at Morgantown, and is divided in its organization into colleges of arts and science, engineering, agriculture, law and school of medicine and pharmacy. Private denominational colleges of importance are Bethany college at Bethany, West Virginia Wesleyan college at Buckhannon, Davis and Elkins at Elkins, Greenbriar college (for women) at Lewisburg, Salem college at Salem and Morris Harvey college at Barboursville.
The production of coal has increased with remarkable rapidity. In 1924, for the first time the State's production exceeded 100,000,000 tons. In 1929 it amounted to 139,297,946 tons, but by 1932 it fell to 86,114,506 tons, a decrease of approximately 6o,000,000 tons in three years, but in 1935 it had risen to 99, 810,908 tons. In 1935 the output was far above that of Pennsyl vania, formerly the leading State in the production of bitumi nous coal. It amounted also to more than one-fourth the supply of bituminous coal mined in the United States in that year. During 1934 there were 60o companies reporting 764 operating coal mines. The total of all men employed in connection with the coal mines was 105,906. During the year 1934 the average number of tons mined per man per day was 4.17 and the average production per mine was 129,000. Mines operated an average of 155 days in 1924 and 196 days in 1934. The State department of mines regu larly inspects all mines and maintains mine rescue stations at Charleston, Kilsythe, Elkins, Meadowbrook and Williamson. Be tween 1930 and 1935 labour troubles were frequent in the mining districts, due mainly to the determined attempts of the unions to organize the West Virginia miners. During the unrest attending the formation of the C.I.O., however, West Virginia remained generally quiet. At the present rate of consumption West Virginia alone could supply the whole United States with coal for 25o years to come.
