New-York tribune., 1874-03-18
THE HEW-JERSEY LEGISLATURE

CONDITION OF THE SINKING FUND-RIPAR1AN LANDS
OCCUPIED BY THE CENTRAL RAILROAD-A COM
PROMISE SUGGESTED.
fFRoa THE REGULAR CORRESPONDENT oF THE rriBUsE.l
TRENTON, March 17.-The Joint Committee
appointed examine the accounts vouchers. and assets
Of the sinking Fund Commissioners OF the Stare. sent IN
their report both branches pf the Legislature to-day
They say they found everything correct up 20
Feb Of the present year. The assets are: Registered
bonds OF the State sO 900 coupon bonds OF the STATE
SIS coupon City of Trenton. s2O2IO bonds
secured by mortgage property In the STATE No6SOo
making total OF sl.52,1lO The balance in banks Is
Hudson County National Bank, Sl34 % First
National OF Jersey City, S2226 0s Trenton Bank
ing Company, SsG65 total, sl7o25 l7-makins grand
total of sj20 f6j H. Per contra: Balance 10 State,
s3l3252 81. Deduct bonds paid and Cancelled Jan. 1.
sOO 0OO interest paid on coupon bonds. s4i5 interest
paid on registered bonds s3i7g1 total, sl79l6T Re
ceyed from State Treasurer account OF quota OF STATE
tax s55OOO received from john Woodward for inter
est due April s5 received interest on loans accrued
previous April 1879 s,Oi IS; received interest on
oans accrued since April T. 1873 to the credit of the
state Treasury 943 g. OF interest due by the state
on registered there unpaid $780, OF interest
due by the State on coupon bonds there remained un
paid s2sl6 ~ follows IL 1863 s6O IN 1871 sO In 1872
$50; in 1879 5000 1874 s626. There was outsand
ing for interest mortgages, sl2iJ7 30 The C0mms
sioners OF The sinking Fund stated tho Committee
that In their opinion the interests Of the State would be
| promoted by selling the registered ana coupon
| bonds held by the sinking Fund and amount
| ing 20 s22i 400, and investing the proceeds in
| loans on bond and mortage on real estate 10
New-Jrrsey; and unless the legislature opposed &C..
tne Commissioners would invest II, IN their opinion,
! the bonds would command a premium OF several thou
dollars and there would be clear annual gam OF
| Sl2l4 in interest the Sinking Fund would receive
per interest upon the mortgage Investment while
the bonds yield but per cent The vote by when the
Local Option bill lost was reconsi1efed unanimous
y for the purpose OF making the law apply to the whole
state After long dscussOn the Dill 70 regulate the
business insurance companies doing business Ia this
State incorporated another, was lost as was te
bill giving Justices Of the peace power tO collect Tees
from complananfs In criminal cases The bill relating
TO the manufacture OF gycerine or It's compounds
passed ., ~, 90,
At the evening session OF the Assembly. Mr; Cole
introduced resolution requesting that since the re-
speetsbe portion OF the press is complaining or gross
frauds committed against the state IN printing tue
public laws and charging that large sums OF money
have been illegally drawn from the state Treasury by
publishers OF newspapers special committee pc ap-
DO nted investigate the and send for persons,
aud give the to the Attorney q 3nerai for his
action and also report their action 10 tue next Legs
lature, The resolution was adopted.