Delaware State journal and statesman., 1866-02-06
LETTER FROM DOVER.

DOVER, February cd, 1865.
AS mentioned in my last letter, propo.
siton has been submitted 10 the House to
take from the School Fund an amount sufli-
cient to pay the debt due the General Gov
ernment, under the Act of Congress of Au-
gust /, 1861. AS this bill is a most impor-
tant one, | submit it to your readers in full,
and beg careful consideration of its CON
tents:-
An Act 10 Assume, and Pay 10 The General
GoeernmeHt the Quota Of Direct Tar ap-
poHioned to this State, and for other pttr-
poses.
SECTION BE ii enacted 6y the Senate
and House IF Representatives. Of the State Of
Deldpare IN General assembly met That
this State does hereby assume, and take
upon itself the payment TO the General Gov
ernment of the quota of direct tax appor-
toned by the Act Of Congress of August /,
1861, being the sum of seventy-fou thousand
six hundred and eighty-three and-a-third
dollars.
SEC. 2.-In order to provide the means
for payment of said quota, Be ii further
enacted, That the State Treasurer be and he
is hereby ordered and directed, without fur
ther delay to perform the duty eniOined
upon him by the first sentence of the first
section OF the act passed on the 18th day of
March last entitled, ''An act to authorize the
State Treasurer TO convert the bonds of the
Philadelphia, Wilmington and Baltimore
Railroad Company into the stock of said
Company
SEC. 3.-And be ii further enacted, That
when the certificates of stock referred to in
the sentence aforesaid have been received
by the State Treasurer, he shall sell the same
F1n lrat nft tha 1.art -. H.,
can obtain for them, and transfer them to
the purchaser or purchasers thereof. And
he is hereby authorized, in the event of his
having any difficulty in disposing of said
stock on satisfactory terms, to procure such
aid in the premises MS he shall deem for the
best interest OF the State.
SEC. 4.-And be ii further enacted, That
the State Treasurer shall dispose of the
money arising from said sale, after deductng
all reasonable expenses attending the exeeu-
ton Of the duties of this Act, (Which expen-
ses shall be audited and allowed by the Au.
ditor) as follows, viz by applying such part
thereof as may be necessary, to the payment
to the General Government of this States
| quota of direct tax under the Act of Congress
Aforesaid; and the residue to the purchase,
at q sum not beyond the par value thereof,
of any of the bonds of this State except
those issued to aid the Delaware Railroad
Company, and those authorized to aid in the
completion of the junction and Breakwater
Railroadi which bonds when so purchased
shall be held by him as Trustee of the School
Fund for the benefit of the Free Schools as
part of their property.
SEC. 5.-AnG be ii further enacted, That
The several School Districts of this State
shall haYe the power, if the same does moi
already exist, to raise by taxation each year
such sum OF money as shall be necessary tC
compensate them for the loss of income tha
year consequent upon the operation of thi.
statute, and it shall be the duty of the State
Treasurer to give them due notice of the
! deficiency as soon after he has discharged
his duties under this Act as convenient.
SEC. 6.-And be Ii further enacted, Tha
all of the Act of Assembly mentioned in the
! second section hereof, except the first sen
tence aforesaid of the aforesaid first Section
thereof be and the same is hereby repealed
SEC. 7.-And be il .turther enacted, Tha
u duly certified copy of this Act be forward
ed by the State Treasurer to the Secretary o
the Treasury of the United States, witliou
delay.
Should this bill, and the bill to sell til,
Farmers Bank Stock of the State to the indi
vidual corporators of the Farmers Banl
become laws, the whole School Fund of til,
( State will disappear in five years Ever,
man in Delaware is interested in the preser
vation of the School Fund, and the Legisla
ture should be informed that it cannot pas
such bills without encountering universe
condemnation.
! ! The following bills have passed boil
/ Houses
} An act to incorporate the Christiana Rive
Improvement Company
An act to incorporate the Gumboro' AM
Berlin Railroad Company
An act to incorporate the Newark Hors
+ Company.
An act to incorporate the Farmers Asso
citation for detection of horse thieves.
5 An act authorizing Clerks of the U. S
!. Courts in the District of Delaware to admin
y lister oaths and take acknowledgements 4
certain cases
. The bill extending the boundaries OF til
i City of Wilmington, will come up in til
House next Tuesday, and the bill for til
. benefit of Railroads in this State is made tn
n special order for the same day. The las
n named bill is what is known as the Consol
dation bill, and allows the Brandywine Raj
= road 10 combine with Railroads in and OF
), of the State as one Company. 1t passe
/ both Houses in its present shape, but ha
Q been reconsdered in the House with vie,
= to certain amendments
IS A bill to incorporate the Harvey Iro
l. Company las been introduced.
Several divorces were granted during til
present week, and road business has bee
= thriving.
II The session will last until the first {
March from present annaarnnnnn