New-York tribune., 1874-05-07
GOV. NGERsoLES MESSAGE.


CIAL CONDITION OF THE srATE-A REVISION OF
THE STATE CONSTITUTION RECoNMESDED-DIF-
rrpENT WAYS OF DOING THINGS IN CONNECTICUT
AND WASHINGTON.
The following contains the substance Of Gov.
Inperaolls annual message to the Connecticut Legs-
lature and embraces nearly the entire document
which has the merit of not being unnecessarily longs
since te adjournment Of the last General Assembly
financial revulslon suddenly occurring aud rapidly ex
tending nonspecie paying portion OF the coun
try has seriously affected the Industrial ana cominefcu
interests OF our State and would have resulted IN wide
snraad individual suffering for the spirit Of mutual
forbearance and assistance so commendabiy exhibited
by all portions OF our community. Occurring, 1t did
in the midst OF an abundant harvest and in the absence
of anv general pe stlence other calamity its
must be looked for in human action alone and II is not
in my Judgment difficult to discover them there Ihey
ie I'm tba abnormal condition produced by tho great
panson Of credits growing out OF our civil war; OF which
the present prostaon Of business Is the natural reac
ton The enormous public expenditures required for
that contest and the consequent creation Of public in
debtedness in every possible shape to win the favor Of
the peope and promote the circulation OF its evidences
through tho channels Of business would alone have been
sufficient 70 so unduy excite spirit OF commercial ad
venture as TO subject the country to the hazards OF
disastrous reaction Blt when, in furtherance OF this
policy or impeIed by this necessity, IL was de-
termned to discard rs tne Ol
values the only standard recognized by the commercial
world and substitute therefor for our peculiar use
of those very evidences OF public indebtedness WIN
"A value ependng at ts best upon the yariableness or
and at all times subject TO the Chances OF
Governmental interference, the consequences VIC now
deplore were reasonably to be expected Inc
founders OF our Government, schOOled by hard eX-
perencc undoubtedly supposed they had guarded US
from this peril by CONSTITUTIONAL prOVslohs' anu even
when our present Legal Tender act passed. the pre-
OF any other Justification for II than the oyerrung
necessity Of war was hardly made And when tine war
closed the danger OF the step ha had Oeen taken was
most clearly seen anu hGce' @ SI va SOL
EMMY pledged, by ITS declarations through every de-
partment. to a restoration of the constitutional cur
rency, as measure demanded alike by morality and
reason, and financial policy was IN iact IN
tbs have extrieated the country from the
peril that now impends. II isa sad commentary upon
public virtue tha the courage has failed Us 10 carry
that policy out. and that we should be today III the
tenth year since the proclamation OF peace confronted
by the question whether we snail now attempt policy
looking to the iulhment OF the pubic pledge TO restore
the currency to condition OF health by com redeihp-
ton, shall continue in course whel unless humll
science Is all at fault. can only drift into further
degradation OF the currency with all the wrong anu NJ
justice TO individuals involved III such measure, and,
whateyer may be the temporary stimulus, to end in
disaster the recent defeat OF the Congressional Cur
congraiulaton-Dut SHAH greatly err II We suppose
that this question be easily removed from our
path. IL still remains, aud will and necessarily must
remain so long as "a Government note remains dis
hOnOTed by the failure 10 redeem 1t.
REVISION OF THE STATE CONSTITUTION
In accordance with the OF the last General Assem-
State. providing for the holding OF all sessions OF the
General Assembly at Hartford after tho present official
year, was the first Monday OF October last submit
ted the electors OF the State and by them approved
and proclamation has Dcon maze dc,hlIhS III 10 ne a
part Constitution Ihs important organic change,
breaking through usage strengthened by the observ
the altered circumstances OF State since the adOp
ton OF the present Constitution, ana gives renewed
orce il seems to me- to the presented
TO the General Assembly at IT'S last session,
in favor of Convention for the revision
adapt ii to our changed condition ItespecIaIly exposes
the grOssucss OF the present inequality OF representa-
tou-since 10y the loss of that influence which,
riiy attaches the locality where the Legislature sits,
aud winch with rea-On regarded as d cOmPen-
sation FOR nadequacy Of representation, the iHses
town IN the state paying iuiO tue treasury htaly one
sixth OF the taxes levied upon the Grand List Is now
brought respect of its representation 20 simple
level with several Of the small towns, wJe respective
payments for IKE purposes 40 NOT cdull me salary oI
one representative. The conventions Of thu leading
political organizations Of the STATE having united IN
the State indulge the hope that you will allow
this auSpicious opportunity to pass without AT loast
taking the necessary Steps TO tJat end.
FINANCEs-SAyINGs BANKs-INsURANCE.
The condition Of the treasury is satisfactory. The
fiscal year commences with 3sGI9ss 50 hand ana
floating debt, being increase OF nearly $26OJo over
the balance hand last The bonded debt Of the
amounts to S,O4 $40 at SIX per interest At
the close Of the war SO.OO0OOJ. Bonds to the
amount OF SS 400 been purchased during the hast
year. being all ndt offered to the department
that purpose The debt OF the state has been reduced
during the wear S9073l0 o. The present Grand Lst of
the State shows oai value Sj57 9J7O7 being an in
crease of about s. O0OCOJ the previous year the
entire revenue collected during the last year by the
state account of the CNl List was S7J2427 Sc, the
prIncipa sources the onenil. tax on The
towns, producing Si229J3 SO the savings banks
producing <5OGj 20 the tax on railroad companies pro
ducIng sgs41 o. and the Tux mutuli Insurance. com
IL is the opinion OF the Treasurer notwithstanding the
reduction of the State tax from two mills TO one mill
that with economy the income o. the S'atc will be snt
hcient for the extra appropriations required by the
new state llonse But TO insure this, suspension Of
further purchase OF bonds would 10 be necessary
until the completion of tho state House
There 70 savings banks IN operation in the State
Jan. /. 1874, holding deposits Ia tlS aggregate oI
$7069i01 %, beng an increase, during the preceding
year, OF SZ2iGOO o. Their assets have increased during
the year i0jl57 sjthe loans real Increasing
about A,G00JV. with a decrease IN loans and invest
meuts III personal estate OF ABOUT E. OJO0the result
evidently, OF tho reduction OF the tdI estate
loans.
For the details OF Information respecting our great
interest OF insurance, refer 10 the report OF tine
insurance 'olhNNoH'i' ih'rc arr I3V nIt, hre-marine,
dnd dflue Insurance companies uOuS business in this
state repres ntng cash capital Of about $50 eco
gross assets of about s77,0jOOl There are 20 fe
and accident companies doing business In the State OF
which ten are nome coDpanles Ine assets OF the home
companies about sl900JOOJ BENG total Increase
over last year Of about s25,CJJ.OJJ
EDUCATIONAL AND CHARITABLE INSTITUTIONS
TAc Educational Department OF the State appears 10
be IN "a high state OF efficiency. Tested by the number
children proportion to the population who actually
it, benefits by attendance at school, it is believed
to first Of all the States. The of children in
the state attending schools OF kinds during the last
year 1886 OF which number all but s52g attended
the pdbc schools. Tue number of public schoDls IL
CAS- aud The Dumber OF teachers employed about 25O1
receipts from all for the support OF the
puo.ic schools M 1873 were:
From Distinct sGt Town O99 42s SO
ffDm state 1922
ltom school Pond lS2SiS %
IRON Town Deposit fdnd-...'...s......... SJ,ij2 80
Pom local uads l2l96 70
FROM voluntary contributions 7l72 ~
i'om other source ource'...........'..'......, Tll9 IL
5l2,4SJ 20
The capital OF the scaooI Faud s!O.i,lsO 81. and
uiNldes VI To each child of school aVc.
It normal school has graduated 43 pupils during the
i VIC wnoie number IN attendance from Apnl /,
1915, 10 ApIi L. 1874. val 40.