Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1886-10-15

omy,-the whole cost of the grounds,
court house and Jail being but s22 900, of
which Sl6OOO was paid by Il tax on the
county pursuant to the act, and the bal
ance by private parties.
FINANCES.
The biennial reports of the auditor of
accounts, stale treasurer aud inspector of
lhahce are before you. These officers
nave an intimate and particular kuuwl-
edge OF their respective departments and
their reports exhibit in detail the present
status, as well ~ the itemized statement
OF the important financial trust affairs Of
the state. The suggestions and recon-
ihehdaiions contained in these reports
coming Ms they do from officers well equip.
PED with a knowledge of the subjects
whereof they speak, are intended for and
entitled to your candid consideration
from the report of the auditor we find
the sum or the orders issued from his of
lice for the biennial term to be s639, lO2 81
the details of which are clearly set
Lon tn in his report already in your hands
Inc report of the treasurer presents an
ltenlzed exhibit of the financial affairs OF
he government for each of the last two
fiscal years. From this report we find that
at the close of the fiscal year, July 3lst
last, the State liabilities were rs follows,
to wit -
Due towns, q. S. surplus fund IS 1897 60
que sOldlers, unpaid balances. ..... S,551 46
Que Agricultural COLI &c fund ire
presented by state bonds, falling
cue June !, 1900 interest payable
+, semi annually ........... 20. -. l35,5OO 90
Balance due OF appropriation for
:, State Library uidins ........... 22,iO6 81
North Hero and Alburph bridge
under Appropriation of lSs4....,.. 1902 80
total. ...... .................. IS 1924 ID
And the resources are.
Cash on hand and in banks ........S l6O.g14 "
Estimated amount tax from corpor-
r atoms for 1856. ......... 49,, 100000 90
haancc of Huntington fund Sc
curties....... ......-......... ...... 5000 90
Total Observation-Disclosures. .....S 1894 81
The following named items in this state
ment of State liabilities, which are not
REGARDED as subject to present (though
to possibly futurn) call and for which no
present provisions need be made, are the
J.. S. ,urplus tund........ ......,.S 1887 e.
lntald Dalancrs due soldiers ...... s,557 As
Agricultural college fu ad .......... 1880 W
which sums being deducted from
inc general amount of liabilities
leaves the same subject to be paid
presently. ......... ............... Alec 05
Showing an excess of available re-
| resources for the present year
naDlltlcS o1........................ 33i,2O5 w
a more satisfactory exhibit of IA States
financial standing can hardly be desired.
From the report Of the inspector of finance
1t appears that the whole number of de-
| pOsltOrS in the savings banks and trust
companies of the State June Both last was
~. 453, an increase during the year then
ending, of 1913, being 3SlG more than
there were two years ago. There stood
| credited to the dcposltorS at the same
! GATE Sl4 1893 H3 41-showing an increase
| III the amount Ot deposits during the past
year OF $j54, ,3l.S4 The average amount
to the credit of each depOsitor shows a de
| crease OF S4.G3 as compared with 1850 The
recent act taxing depostors III excess of
Fl1OO has from tspassage caused steady
| reduction in the number of heavy deposit
ors and yet the actual number Of deposit
ors has steadily increased This increase
in the first three years after the passage
of the act was T. 1873. The principle that
savings banks were organized for the pur
pose OF protecting those having small
savings to deposit rather than to furnish
depository for persons Of wealth finds
encouragement in the act referred TO. The
suggestion of the present inspector of
| finance looking towards a healthier con
servatlsm in the management of these in
situations deserves, and doubtless Will re-
ceive, the thoughtful attention OF the
| legislature
The tables suppementing the detailed
| reports of the various banks, showing Il
summary OF the different classes of as
sets ana Liabilities and comparing their
present condition with that III former
Year., viii be found of interest to those
concerned in the savings banks and
trust companies OF the State. | commend
them to your attention as Il valuable sum
marizing Of their historical financial con-
dition for the periods which they cover.
The report Of the commissioner of State
taxes has not at this writing come to my
hands and therefore leave the same to be
treated of by my successor. | desire TO
state, however, that it appears from the
treasurer's report that the corporations
which are subject to taxation under the
corporation tax law have paid into the
State Treasury s4O3, 62S5S during the last
biennial period.
RAILROAD COMMISSIONER.
The report of the railroad commissioner
is before you, embracing such detailed
reports as have been made by the railroad
corporations named therein. From. this
report as well as from reports of his pred
ecesSor 1t becomes manifest to me, that
under the existing laws bearing upon this
matter the commissioner is not clothed
with authority adequate TO attain the pur-
poses for which this office was created.
To the suggestions and recommendation
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 f. of the regi-
ment has been mustered out by reason of
expiration of term of service and the
vacancy mas been supplied by the organi-
Zation and mastering in of a company at
Barre have attended the general mus
tiers Of the troops at ST. Adams aud Dur
llngton. and also the officers drill at Rut-
land. To the official communications and
correspondence of this department, as well
rs to II proper knowledge of its condition
and value as a reliance in the day of pos
sible need, have given careful attention
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
nj her States In sOlliprly uualitipS of |