The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1886-10-29
Legislative Number.

not regarded as subject to present
Though to possibly future) call, and for
which no present provisions need be
made, are the
| u. s. surplus fund................. $l3,387 ~
Unpaid balances due sOldiers...." ~
| Agricultural College fund.......... l35,5OOO
Which sums being deducted from
the general amount of liabilities
leaves the same subject to be
Showing an excess OF available re-
sources for the present year
| over liabilities Of................ 334,2Oo.Sl
A more satisfactory exhibit of
States financial standing can hardly be
desired.
From the report of the Inspector OF
Finance it appears that the whole num-
Der of depOsitOrs in the Savings Banks
3Oth last was 49, 453. an increase during
the year then ending of 1875. being 81
| GIG more than there were two years ago.
There stood credited to the depOsitOrs
at the same date $14 ,253, 963.47, showing
| an increase IN the amount of deposits
during the past year of $554, 73l.S4.
| The average amount to the credit OF
| each depositor shows a decrease of 81 .63,
as compared with 1885,.
The recent act taxing depositors in ex-
cess of $500 has from its passage
caused STEADY reduction in the number
of heavy depositors, and yet the actual
number of depOsltOrs has steadily in
creased. This increase in the first three
years after the passage of the act was
4,195.
The principle that Savings Banks
| were organized for the purpose OF pro-
tecting those having small savings to de-
post rather than to furnish a depository
for persons of wealth, finds encourage
ment in the act referred to.
The suggestions of the present Inspec-
tor of Finance looking towards health
fer conservatism in the management OF
these institutions deserve. and doubtless
will receive, the thoughtful attention OF
the Legislature.
The tables supplementing the detailed
reports of the various Banks, showing
summary of the different classes of as
sets and liabilities, and comparing their
present condition with that in former
years, will be found of interest to those
concerned in the Savings Banks and
Trust Companies of the State.
commend them to your attention. as
valuable summarizing of their historical
financial condition for the periods which
they cover.
The report of the Commissioner OF
State Taxes has not at this writing come
to my hands, and Il therefore leave the
same to be treated of by my successor.
! desire to state, however, that i APP
pears from tn Treasurer's report that
the corporations which are subject to
taxation under the corporation tax law
have paid into the State Treasury $4O3,-
62s.5S during the last biennial period.
RAILROAD COMMISSIONER.
The report of the Railroad Commits
sioner is before you, embracing such de-
tailed reports as have been made by the
railroad corporations therein named.
From this report, as well as from re-
ports of his predecessor, it becomes
manifest to me, that under the existing
laws bearing upon this matter the Com
missioner is not clothed with authority
adequate to attain the purpose for which
this office was created.
10 the suggestions and recommended
tons made by the Commissioner for
further legal provisions to the end that
this office may be of practical use to the
public, your attention is invited.
THE NATIONAL GUARDS.
The organized military strength of the
State remains unchanged in its compost
ton, except that Company E of theregi-
ment has been mustered out by reason
of expiration of term of service, and the
vacancy has been supplied by the or
ganizatiOn and mastering in of com.
pany at Barre.
| have attended the general muster OF
the troops at st. Adams and Burlington,
and also the officers drill at Rutland.
To the official communications and cor
respOndence of this department, as well
as to proper knowledge of its condi-
ton and value as a reliance in the day Of
possible need, have given careful at
tention throughout my official term, and
have on several occasions in the last ten
years witnessed, and proudly noted the
bearing of our State Guards as they
have been on duty, in competition with
the troops of other states. In sOldlerly
qualities of both officers and men be-
lieve they stand first, or among the first,
everywhere.
AS an evidence of the zeal of these
young men in this service of the State,
1t is well to note that at the general mus
ter six companies had every man on
duty. and 97.45 per cent. of the whole
command were out.
They have no lack of good equipment,
except i'm arms. The rifle, as well as the
guns of the Battery are out of date, and
are such as have generally been discard
ed and replaced by arms of modern pat
tern in other States.
believe the regulation arm could be
placed in their hands by properly direct
ed effort on your part, without large ex-
pense to the State.
The reports of the Adjutant and In
spector General and the Quartermaster
Continued onsnert pdge.)