The daily gazette., 1875-01-07
SCI, SECOND EDITION
The
'-- The
In closing his report the State Tr'
surer, r. H. Davis, makesthe follow.
'ery explicit remarks

1 In closing his report the State Tr'
surer, r. H. Davis, makesthe follow.
very explicit remarks
The revenue under the act known as
the Oyster Law, and which was crea-
ted as sinking fund, has not, so far
as the Collector of that revenue has
made returns, netted anything during
the present year, but since it has been
in operation, it has been self-sustaining,
and also yielded surplus sufficient to
purchase four thousand dollars Della
ware State bonds for cancellation,
which has been done and charged to
that account.
AS Trustee Of Delaware College
Fund--which said fund was derived
from the sale Of 9O, 900 acres Of public
land, donated to this State by the Gen.
eral Government for the purpose Of es.
tablishing an Agricultural and Mecha-
nical College, have the honor to re-
port, that the proceeds Of the sale of
the said land have been invested in
Of $S8, 900, and that the interest on the
same has been paid semi-annually TO
the Treasurer Of the Board Of Trustees
of Delaware College.
There has been received, TO August
last, from sources the income from
which Is applicable to the support of
free schools, the sum of thirty four
thousand four hundred and seventy
dollars and seventy.fve cents, ($34,-
470 75) and the same distributed among
the school districts. entitled to receive
1t.
Under the act regulating the sale
of intoxicating liquors, passed at the
last session of the Legislature, the re-
venue of the School Fund has been
materially decreased by the reduction
of the number Of licenses granted, and
by the whole of the revenue under
that act being applicable to the Gene
raj Fund, whereas heretofore one
fourth was appropriated to the School
fund. -rr - $40 -r-e-, r-e~ a
/ / regret to inform Your ExceIlency
that some of the railroad companies in
the State are not prompt in the pay
ment of taxes due from them.
never paid one cent into the Treasury
of the State for. taxes collected from
passengers transported, as required by
Chapter 458y Volume ~, Laws ofDela-
ware, entitled IAN act to raise revenue
for this State;' under the act tax
ing shares of stock and net earnings, as
Required by Chapter 362, Vol. 10, Laws
of Delaware, entitled "Of the revenue
of the State" As the officers Of that
company have never made any state
ment Of the number of passengers
transported within the limits Of the
State, nor Of the number or value of
the shares of stock, or OF net earnings:
l am unable to ascertain the amount of
it's Indebtedness. am, however, in
formed by the President of that com
Ipany that there has never been any
net earnings, and that the shares OF
Istock have no value In the market, but
that the company owes the State foI
tax collected from passengers, but IL
unable at this time to pay it.
The Wilmington andlReading Rail
road Company, though heretofore
prompt In the payment Of passenger
tax, is now In arrears for that tax, but
ami assured 1t will be paid soon.a It.
too, Shas never paid any tax on ne1
earning and shares of stock.
The recent sale of the controlling in
!terest in the Junction and Breakwatel
. Railroad shows conclusiyely that ths
. shares of stock Of that road haveintrin
sic value. have, therefore renewed
my demand for tax on shares. In com
. lpliance Herewith, the Treasurer hal
made q formal statement of the mum
!: ber and value of shares, which was 81
0 lmuch less than the price so recently
G sold at, that / refused to accepts it. u
CONFORMITY with law, have assessed
according to the beat information
Icould obtain, the shares of stock o
!. said company and levied the tax there
4 on, issued the duplicates, with warran
: annexed, to a county collector t
! lcollector the same. e.
81 SUMMARY OF RECEIPTS.
. There has been received since January 18th
J 1874, the date of my settlement, under tn
!, various acts to raise revenue and from mis-
a cellaneous sources, belonging to the Genera
Fund, as follows, viz:
For vacant lands. 96
Interest on Investments. 26,272 8
Clerks of the Peace for Licenses ...... o6,s55 4
Fines and Forfeitures. es...................,.. $50
Tax on Railroads. ads.................,.....4 1,6Q4
Tax on Bank Shares. ......... .........-. 4,693
Estate Tax from County Treasurers. 3S,S72
q Process Tax from County Officers ...... 1850
a Tax from insurance Companies....,.. 800
y From sale of Revised. Code. ...,........S 896
b From Secretary Of State for Cornmis-
IBrsakwater and Franiford Railroad
= Company, cost of Internal improve