New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-08
GOVERNOR BUCKINGRAMS MESSAGE.

Tie Treasury Of Connecticut, "a appears from Gov
ernor Buckinsbams Message, needs little legislative
add The year began witt $2 i6S 80 on hand and debt
OF $50 COO which debt by the Isl of April had increased
o SIS Geo, the balance on hand being reduced to
g. sS a. This debt mus. be provided for ~ also the
current expenses of the State.
The School Fuei remsins unmpared, and amounts
to 81 Oi6 397 beside surplus of s22 3lS not yet per
msntrty invested. The income the past year was
nearly seven per cent producing $50. There was
also paid into the State Treasury for the Of schools
from the cent tax AL, and from the town deposit
fund s35 O0O Nearly twice the amount of these three
sums has been voluntarily raised by local taxation.
Tie number of children in the State between the ages
Of four and sixteen is 101 1856 TIE school system ia
gradually improving under the operation OF recent
charges made in it. Graded schools have been es-
tabshed in the cities and in some OF the larger towns
and are exciting increased interest, while the STATE
Normal School is doing much in the way OF supplying
teachers.
The project adopted by the last Legislature OF pro-
curing the erection of new State Houses at Hartford
and NewHaven at other expense to the State than
might be re Allied from the sale of the old State Houses
and grounds, has not proved successful. No offers
have been received to construct new buildings on those
terms.
The law in relation to the returns of jont-stook
companies needs amendment as to require them to
distinguish between credits which good and those
which are bad or doubtful and to return the latter only
at their estimated value.
The repeal is recommended of the act Of June last,
imposing an extra tax on banks aud insurance com
panies Oh the ground of its conflicting with the general
rate for the equalization Of taxes
- ,a Gfatar tn,laa Of IL.
road passing through more than half the towns in the
State and constructed at cost of $26 423 69i The
Governor considers it essential that the law should
plovide-frst for the responsibility of the parties
operating railroad for any loss personal I'M jury
arising from their neglect that Of their employees
second, that after default paying the interest pn-
cipal of its debts, railroad corporation ought not to
be allowed to operate the road as to decrease its
value to the injury Of the mortgagees and third, that
mortgages should have full power by foreclosure to
vest themselves with all the rights of the corporation
He suggests that these points legislation is needed
The Governor does not agree with President Blu
chansn in holding the banks responsible for the late
commercial revulsion and present stagnation. lie
links however that additional legal securities for
.ound and stable currency may be provided. He rec.
ommends that the banks be prohibited from paying
interest on deposits, and from making loans on CALI
that they be limited to circulation not exceeding
enty five per cent of their capital that they be required
to keep on hand, in addition to their balances in Bos
ton specie equal to ten per cent of their total indebted
ness-a discounts to cease while the specie on hand
falls below that MARYLAND that they be required to
make monthly returns. The number of banks is sew.
enty six, with an aggregate capital of 500 6ls,723
1t ia suggested that the privilege now enjoyed by
savings banks and building associations of lending their
money at higher rate than that of Elk per cent to
which other lenders are restricted, ought TO be with
drawn.
The message closes with urging the interest Of Con.
neotcut in a revision Of the tariff and with an ex-
preston of the Governors opinion on the pending
Slavery agitation. Hethnks it can only cease by an
abandonment on the part Of the Federal Government
of its attempt to perver the Federal Constitution into
an instrument for the extension and establishment Of
Slavery.