Wilmington daily commercial., 1875-01-07
From our Late Editions OF Yesterday
The state Trensurer's Report.

From our Late Editions OF YesterdaY.l
The state Trensurers Report
CONDITION OF THE STATE FrSAScEs-THE ASSETS
AND LIABILITIES
The report of State Treasurer Davis was sub
mitted to both Houses Of the Legislature, yes
terday. He estimates that the revenues of
the State will be amply sufficient to meet all de-
mands upon the Treasury, to pay the January
interest on the outstanding bonds, to redeem
the bonds then due, and to meet the necessary
expenses of the State government to January
1st, 1875.
The oyster law has not returned any revenues
to the State, but has been self-sustaining, he
says The railroad companies. he complains, are
not prompt in the payment OF their interest, and
the Wilmington 4 Western has not re-
turned cent from taxes on travel
lers. The Wilmington & Reading Co is also be-
hind in the payment of the tax, and the demand
for tax on shares of the Junction Breakwater
has been renewed, the late sale showing that
they have intrinsic value.
The following is the full tables contained i'll
the report
At the beginning of the present adminstra-
ton of this department of the State government,
the State debt amounted to the sum of mil
lion four hundred and sixty two Thousand dol
lars, al, 1862 OO0l as follows, viz
War bonds Issued TO pay
bountes to volunteers,
commutation money to
drafted men, and for
substitutes s...........s IL, 10000
Internal improvement
bonds loaned to the
junction and Break
water Railroad Com
pany, and secured by
trst mortgage. 35Z,UUU
Total liabilities as above II, 462 900
or this debt bonds have
been bought and can
celled during the four
years of your admins
tration to date to
amount of ........... S292, 900
Bonds due and will be
paid January lst, 1875. $4,000
Total bonds cancelled to
that date .......... 1888 600
Bonds outstanding after
January 1st, 1875. 5...,. $l,O74 900
Bonds loaned to the
Breakwatef and Frank
ford Railroad Company
under Act OF Assembly
entitled "An Act to Aid
the Breakwater Rail
road Company to con-
struct their road and for
other purposes, passed
at Dover March 26, 1873,
and secured by first
mortgage, amounting to l5O,OOO
Which makes a total out ---
standing liability of
twelve hundred and
twenty-four bonds of
$1,000 each, amounting
to the sum of. ...... sl,224, 900
The said bonds will mature as follows, VIZ
January LIST, 1885, balance
of war bonds. ......... $4,000
January LIST, 1890, juno
ton and Breakwater
Railroad internal i'm
provement bonds. So. 276,000
January list, 1898, Break
water and Frankford
Railroad internal i'm
provement bonds .... 100000
As aboye........... sl,22i, 900
There will be due the Breakwater and Frank
ford Railroad Company 526. 900 internal improve
ment bonds. upon the compliance by that COM
pany with the act giving it aid.
ASSETS.
The State has investments from which reve-
enue is derived to the General Fund as follows.
viz
Mortgages OH Junction and
Breakwater Railroad, ...... S400 900
Mortgage on Breakwater and
Frankford Railroad ........ 100000
1875 SHARES Farmers Bank stock
at $50 per share, ,............ 6s,75o
90 shares of stock OF Bank of
Delaware valued at S465..... $500
Total assets belonging to gener-
eral fund. d.,.........,.......-
The State has Investments
from which revenue is derived
for the support of Free Schools
as follows, viz
5000 shares Farmers Bank
stock at S36 per share. ....s 900
Loan to Philadelphia, Whining
ton and Baltimore Railroad
Company. OBSERVATION-DISCLOSURES. S5UOO
Loan to Sussex county. y......... 5000
2439 shares of Farmers Bank
stock at 500. ..+..... III $50
81 shares of stock of Bank Of
Delaware, valued ut SiG5
per share. e................... l1.2O5
/ Ii shares of stock Of Bank of
Smyrna, valued at go per
share. ACKNOWLEDGEMENTS. G,SlU
25i shares of stock of Union
National Bank valued at $50
per share. ,.:.............. 9iH
Loaned to the New Castle and
Wilmington Railroad Compa-
ny at per cent............, 10000
Total assets belonging to
school fund ............... $3.50 l3g
Grand total assets ..,........ 81 1873 IS.
If this amount be deducted from
the total liabilities it will leave
a net indebtedness Of ....... l0U.sll
There will be required on the
LIST day Of January next, to
meet the interest on the out
standing bonds. ..........., $50 600
To redeem the bonds due on
that DAY ,,.................. 9bsUOO
Demands upon the Treasury
Jan. l, 1878. 75.........-....... :135,G ,G0C
To meet this demand, there are taxes due
from the several counties. subject to errors and
commissions, about as follows
New Castle county. ....,...... $50 600
Kent county y....... .......... 20 GOO
Sussex county y................ 6 900
Estimated probable receipts
during the month Of January
next. as follows
Interest on Junction and Break
water R. r. mortgage .....,. II 900
Tax on Philadelphia, Whining
ton * Baltimore Railroad Co. 6 $50
Bank dividends belonging to
general fund d............... 2 272
Tax oil Bank shares. ......... 3 S4i
Estimated Process tax. ......... 2 900
Interest on investments belong
ing to School Fund and which
can be used and replaced -. l3 500