Litchfield enquirer., 1881-01-13
THE GOVERNORS MESSAGE.
To the Honorable General Assembly of th
 ., State Of Connecticut. -te a'f.

 7 To the Honora6k General Assembly of the 5 :, State of Connecticut; 7-e s'H
 In accordance with the custom of our con- mOnwealth you are assembled to represent the people of the state in thelr highest capacity, that of making laws for their own guidance. At the same time you are called to witness the induction into office of the chief executive servant of the state, and to receive from him a statement of the condition and needs of the public business. In entering upon this place with which the choice of the electors has bonored me, wish to acknowledge the sense Of the responsibility and obligation with which it's duties are assumed, and to repeat, in my Town words. the pledge which 1 have just made in the language of the law, for consci- lsentious and faithful administration of this trust, to the best of my abilities and my light desire only the prosperity and happiness of the whole people of the state. s.5 congratulate you upon the happy auspices under which your session has begun. Our whole land is at peace we are in the quiet which naturally succeeds a stormy political discussion; the issues raised have been deci- sively and clearly settled, and the choice of the nations chief magistrate has been undis- puted- With this. queston have been set at 1 rest the feelings of Insecurity and uncertainty in the business world, which the conditions of the late election seemed to excite, and with tho return of security we may reasonably GA pect continuance of the material prosperity by which the year just closed has been mark ed. How entirely the people of the state of Connecticut shall share in this prosperity it is within your power as lawmakers to say. STATE FINANCES.
 E
 The management of the finances of Con- i nectlcut has always been conservative, and the past year has furnished no exception to this rule. By the reports of the treasurer and the comptroller, to be submitted to you. it will be seen that the receipts Jf the state from all sources during the year ending November 30, 1880, have been $l, ,664, ,82423. The total of expenditures for the same time has been $1 600, 383 36. Leaving balance from the years business of $64, 440.S7. These figures are exclusive of the balance carried over from the proceeding year.
 The statement rendered by the treasurer shows balance of $S42, 146 95 brought over from the proceeding year, and an increased amount $906, 537 82 carried over to the new account. That this may be properly under stood it should be said that the large balances shown are due to the time of year to which the accounts are made up. It is in the month
 
 the money received by the state is paid into the treasury. The consequence is that with the present limits of the fiscal yeal the treas ury begins the year with an amount on hand apparently large but which must suffice for the expenditures of nearly six months. This is not surplus but current funds that will be needed to meet coming demands. The gen eral assembly therefore does not sit with 8 large reserve at it's hand from which to make large extraordinary appropriations.
 THE STATE DEBT. "
 The condition of the state indebtedness re- mains unchanged. The amount of state bonds now outstanding is, as last year, $4, ,967. 500. Of this $3, 939. 600 bear interest at per cent, and $1 ,03l 900 bear interest at per cent. In two years, that is January 1, 1883, an out standing issue of $S77, ,0OO will become due l earnestly commend to you the consideration of means fOr retiring as large portion of this indebtedness as Is possible It is probable that g part of it will have to be refunded, but 1t ought to be as small a sum as is consistent with proper administration of the government and a reasonable taxation. The day when tue debts of state fall due is as sure to come as the day when private debts are payable. In either case the only way in which to meet that day IS by saving. With the present rate VI toAaViOu, ouN WISE duU pTUSIu0Ht eCOUO- my in the appropriation of public money, at least the beginnings of 8 sinking fund may be made by this assembly. As compared with the year ending November 30, 1879, there is an increase in the balance carried over on the business of the last twelve months of $64, ,666. O3 of which $225. 16 is to cover au increase in the public debt reported last year. But as an offset against this balance there remains un- called for, Of the appropriations made last year, and to be paid from the civil list funds, the amount of S76, ,459 B. The last legisla- ture felt called, by the condition of some of the state establishments, to make unusually large appropriations in some directions. By this action it has resulted that the actual pay ments, of the year have exceeded the pay ments, as estimated by the comptroller. by $2O3, 137. 36. The estimated receipts have, however, also been exceeded by the actual re- ceipts, though not in the same degree, the in- crease on this side being $114, 774. 23. making the increase of expenditures exceed the in- crease of receipts by 1888, ,363. 13 So far as now Known there will be no extraordinary de- mand upon the treasury at the present session, and consequently no call for large expend- tures, aside from the regular expenses of the government. In this condition of affairs, with Judicious economy in your appropriations, it IS possible for you to begin a course of prepa- rafion for the retirement of the maturing obi- gations of the state which coming assemblies can follow.
 SAVINGS BANKS.