Daily Republican., 1879-03-26
FROM OUR CAPITAL.
Measure TO Refund tho State
Debt-rhe Lottery Seheme-The
UnfsvsrabIe Reception IL Receiy-


UnfsvsrabIe Reception II Receiv
cd.
Special Correspondence to the Republican.
DOVER, DEL, March 26.
The pending bill reported by Mr.
Hall chairman of committee on Way.
and Means some days since and fixeC
for the special order at eleven o'clock
this morning was announced by the
Speaker. Mr.. Hall offered an ad-
ditional amendment providing for the
expense Of printing the bonds, &C.,
which was adopted. He then stated
that the bonded Indebtedness of the
State as reported by the late Treasurer
was 1888, ,0O0, to this must be added
a certificate Of Indebtedness made for
the benefit Of Delaware College, that of
the s953,OOO outstanding S547, 200
would fall due on the first of January,
1855, aud as the surplus revenue esti-
mated by the late auditor Of accounts
give but GAL 200 in round numbers
which amount the late State Treasur-
er as ne remembered him was two
large by $4,000 to $4,000. 1t would be
observed that one of two events must
occur; that either the revenues OF the
State must be increased at least CSC, 900
per annum and at once, or that at least
$500, 600 wo1ld have to be borrowed
before January LIST, 1855.
In reply as to what could be done
with any surplus in the Treasury Mr..
II. said that if business remained in it's
present depressed condition that the
people should be SO far relieved from
taxes that there ought not to be any
surplus, but if there should be a revival
in business, and he was glad to say
that the signs were improving. The
handsome balance of trade in favor of
this country for 1878 was in round num-
bers $275, 600, 900. The increasing con-
fidence in the future markets of our
products OF this country was conceded
by most of the business men, and the
number of new enterprises projected
is unusually large, requiring an increase
Of labor, material and capital: and that
when capital should be required for
legitimate purposes, money will be
worth more than it will pay in bonds
bearing a low rate of interest thereby
giving us chance to buy in more bonds
at par. Mr.. H. predicted that Govern
ment As with fair increase OF business
will be quo:ed within few years in
the eighties.
He also called attention to the fact
that the J. & b. R. Z. Co., and the Is.
Il +. L. r. Co., together owed the State
5000, 200, that at least an amount of
the indebtedness of the State eq lal to
this Indebtedness should Le allowed to
run parallel with this amount. Mr..
Cochran advocated the bill. The yeas
and nays we're called-there were teL
voters each way. Mr.. Hall who voted
yes changed his vote to no, so that he
could move for reconsideration of the
vote by which the bill was lost. This
was done this afternoon and the bill
passed by II yeas to nays, and will
go to the Senate in the morning. As
the bill reads, it authorizes the State
Treasurer to issue sS0O,0OO Of the de-
nomination of $500 and $1,000, to be
made payable on January lst, 1900, at
an interest of 4t per cent. There is
existing considerable objection to the
bill, and the probability of its passing
the upper house is slim one.
THE LOTTERY BILL
1t is highly probable that Francis Rogers
of the city OF New York will not have
the opportunity to carry out the mn-
nifcent ideas as embodied in the bill
to aid internal improvements. The
members for some reason or other do
not realize his liberality of heart, AID
therefore we spine that his attempt to
purchase the Stats of Delaware to be.
come a party to the mysterious in
wardness of swindling lottery corpor-
alton will be treated as it deserves,
with unreserved contempt. The bill
was read second time yesterday and /!
referred to the committee Oh Ways
and Means, who it is understood, will
report adversely upon it tomorrow.
THE PHOSPHATE BILL.
Tomorrow the phosphate bill will
come up for consideration, subject to a
special order. The phosphate manu-
facturers are well represented and the
division or discension that did exist
between the opponents has almost en-
tirely ceased.
1t is thought that the present measure
will meet with general approval.
speclal Mention.
Counter and store-fxtures for sale,
at J. Halls, Jr., b07 Market street, also
his entire stock Of boots and shoes at
and below cost. Bargains can be hsd
there, as he is selling of to close bust
ness.
Western oats, for seed, and Western
bran, at +. Fell's, 30s W. Front street.
No misrepresentation at Bingham's
shoe store, SO Market street.
A new saving fund. Bingham's shoe
store, $40 Market street, where you can
save money in purchasing.
F. McMonagle, dealer in pictures,
picture frames, &c., would be pleased
10 see his friends and the public in
general at his place of business, N. w.
,orner Third and King streets.
Keller's Life Drops, for sale by Tay-
or g. Fullerton, Druggists, 302 King
street.
Handkerchief Extracts, by the bottle
" in any quantity, at Mclnall's, End
md Market streets. Il
Abdominal Supporters, for relief of
rearing down pains, at the Ladies' De-
,artment of Belts Pharmacy. Entrance
III Sixth street. Lady attendant. !
Prepared Wheat and Papcma for in
ants and invalids, sold by J. r. Hart
! Of l, "A J.,