Morning journal and courier., 1889-01-11

Il D6 limited 10 very mO0efat6 AWOuQE, or, ! better still, be forbidden entirely. Loans upon approved collatersls, real estate securi- | ty or investments in stocks and bonds, al- | though yielding less income, furnish safer ! and more reliable asset. I well aware | that it is difficult to throw the safeguard of l the law around all matters of investment of | trust funds, but so long as the State, through ! legislation, aims to protect and guard such ! trusts, let it be done intelligently and cour- | ageously. Additional legislation is found to ! be necessary to provide against and prevent | fraudulent entries upon the books of savings ! banks by officers or employees with intent to | deceive the commissioners or for any other purpose.
 STATE BANKS AND TRUST COMPANIES. Sixteen banks and trust companies with aggregate capitals of $3, ,426, 900 and assets of more than $11 ,o00, 900 represent the banking institutions incorporated under State author l ity. All are reported in sound condition. ! INVESTMENT COMPANIES. Ten Connecticut companies and ffty-six of { other States are authorized to transact busi- , ness in this State, with capitals:
 State companies. es..................S 411t, ITO % Foreign companies, -........ 12,6s55io co SIG, e,7s66 $50 % bonds issued S22, 799 719 co S86, ,9a1. .75s 57 These foreign companies are permitted, through their charters, CT the laws of the States in which organized, not only to dis ! pose of and deal in real estate securities. but also to issue their own debsntures, based on such security as they may elect, usually bonds and mortgages, to any amount which l an investing and confding public will ab- Sorb. Under the ssmi-supervision and en- dersement of this State, through reports and such examinations ss your commissioners are required by law to make, large amounts of capital are being absorbed from year to year. So far as I informed, no standard of sol- vency or security has been devised, by wbich stability can be accounted or guaranteed. The endorsement here given them, in the | manner indicated, is not sought or obtained in other States and if continued here, such institutions should contribute in some equis- able way to the revenues of the State for the I privileges which they enjoy. Through these | sources of investment, and misconstruction | or misconception of the law, large amounts of taxable properties are annually found I missing from the grand list, the State and towns deprived of their just revenus, and the investors in home securities, an indus | tries on whom the State must depend for it's growth and prosperity, burdened with an in- creased and uni just measure of taxation. INSURANCE.
 The annual report of the insurance com-
 
 ! the various corporations transacting busi- ness in this State.
 Ten fire and six life insurance companies, chartered by the State, and eighty-six fire, and twenty-one life companies, organized in other States and foreign countries, are trans ! acting business under the supervision of this department. The vast accumulations of 1 these eorporations-life, $558, ,37O, ,947; fire, $175, ,S3s, ,027. 31 ;-attest the confidence of the | people in these great bene6cent institutions. Sixteen mutual fire companies are also or- ganizsd under State charters. The present laws are well adapted to secure the sound management of these institutions, but any suggestions from the superintendent tending | to promote the development and security of ! these great trusts, should receive your l thoughtful consideration and action. } STATE BOARD OF HEALTH. ] The eleventh annual report of this board presents in detail the work accomplished the I past year. It contains valuable suggestions i for the improvement of the sanitary condi- l tion of the State. The death rate, as esti- mated, compares favorably with that of 1 other and adjoining States, being between seventeen and eighteen per 1000 inhabi- i tants.
 VITAL STATISTICs.
 The number of births during the year was
 16,5 ,5S8, deaths F, 1885. Great improvement
 has been secured in enforcing the laws for ! the registration of births, deaths and mar | risges. The importance of this work cannot l be overestimated when it is considered that 1 upon the correctness of such registration de-
 pends wholly the value of the statistics fur l nished from year to year. Tbe estimated | population of the State, based upon returns
 from .he different towns for the year 1887
 was 727, ,276.
 CONSTITUTIONAL AMENDMENT.
 The last General Assembly proposed and
 ordered published with the laws, an amend
 mendment to the constitution prohibiting
 the manufacture or sale of intoxicating li-
 quors, except for certain specified purposes.
 This amendment will come before you for
 consideration and action. With your ap- proval in accordance with the provisions of
 the constitution, it will further require the
 ratification of the people before becoming a
 part of the fundamental law of the State. It
 is for you to decide if wise public policy de-
 mands such change in the laws of the
 State, heretofore restrictive and controlling | in their character, rather than prohibitory.
 Under existing laws, delegating to the towns
 the power to control in matter of license,
 practical prohibition may exist, wherever
 public sentiment, as evidenced by the voice
 of the people ia their vote, will sustain or l demand it, and in nearly one-half the towns
 in the State such sentiment prevails. | STATE SURVEY.
 My attention has been called to the fact
 that the State has never secured an official
 and accurate typographical survey and map
 of the State, and that a favorable opportuni- ty now exists through the co-opporation of 1 the general government to secure such sur- l vey and map at moderate expense. You | will be asked to give this subject your seri-
 ous consideration. Adjoining States have
 taken advantage of the work of the United l SfQtas in
 setts and Rhode Island the field work of the
 surveys are completed. The desirability of
 securing an accurate map of the State cannot | l think for moment be doubted.
 BOUNDARIES.
 The commissioners appointed under direc-
 tion of the last General Assembly to fix the
 river boundaries between Connecticut and ! Rhode Island have not, as yet, completed
 their work. Surveys have been made, and
 it is hope that some satisfactory conclusion | will be reached in time to report to this As- sembly.
 ! PUTNAM's WINTER QUARTERS.
 The committee appointed to erect 8 suita-
 ble memorial on the Putnam winter quarters
 in the town of Bedding have completed their
 work, and granite monument, with appro-
 priate inscriptions, now marks the ground on ! which Putnam's division of the Continental !
 the generosity of two citizens of this State
 thirty three acres of land, embracing the en-
 tire camp grounds, have been presented to
 the State, on the one condition "that
 they shall ever be held as a memorial ground" The committee recommend the
 acceptance of these grounds on the condi-
 tions proposed, and that you make proper provision for their care and maintenance.
 PUTNAM MONUMENT.
 On the 14th of June, 1888, the equestrian
 statue of General Israel Putnam was unveiled
 in the town of Brooklyn with imposing cere-
 monies, and the work of the commission hay | ing the matter in charge completed, in of6c- ! ially entrusting this appropriate memorial to | the future care and custody of the State. l CoNNECTIcUT's CONSTITUTION.
 have been requested by the officers of the
 Connecticut Historical society to call your att
 tentior to the near approach of the two hun dred end 6ftieth anniversary of the framing l of tha first constitution and the foundation of tile colony of Connecticut January 24, l 1R2Q It is prorosed by this historical so.