Morning journal and courier., 1889-01-11
THE GOVERNORS MESSAGE,
MT. President and Gentlemen:

In the organization of the respective branches of this General Assembly in accor- dance with law, and the choice of the execu- tive officers of ths State, in obedience to the provisions of the constitution, on . failure by the people to elect as provided, you have completed the important prelininary work of this session and set in motion all the depart. nents of the government for another bien- nial term. The power Of election conferred upon and exercised by you was embodied in the constitution by it's framers, and for sev- enty years has been the continued favored policy of the State. Deeply grateful for the honorable position to which your favor has assigned me, l enter upon the duties of the high office of executive with deep sense of it's responsibilities, with single ambition, to serve our beloved commonwealth Loyalty and we'll, and animated by the single pur- pose, to emulate the honorable service of the long line of distinguished executives that have preceded me.
 In obedience to the requirements of law, I shall present to you the condition of the sev- eral departments of the government, with such suggestions as seem to me for the we'll being of the State.
 The reports of the Treasurer, which will be submitted to you, cover the period of two years from June 30, 1886. to June 30, 1888, and disclose most satisfactory condi- tion of the finances.
 The receipts of the treasury from all sources, including balance on hand June 30, 1886, s325, 7S9.23, were:
 RECEIPTS.
 Year ending June so 1887 .s2 ss2 TT. i9
 s5, ,s61, ,ss6. .ss
 EXPENDITURES.
 Year ending June 30, 1887. $2, ,o4s 7ss. .o2 Year ending ,Tuna 30 1SSS 9 962 060. 99
 ss,oo5.s5sol Cash balance June 30 1sss........... Ss55 4s3. .s4 Of this sum $751 ,699 .0s was applicable to the ordinary expenses or civil list fund; the ball. ance consists of deposits with the Treasurer for the several purposes stated below.
 BALANCES BELONGING TO THE SEVERAL FUNDS. Principal of the School Fund ...... .S21, ,42s .17 Interest of the School Fund. ........... 47,749 3s Houaatonic Railroad Company, Deposit of 1os 3a New Haven q Derby Railroad Company, q, Principal of Agricultural College Fund. 7,5oeo6 Unclaimed Deposits from County Treas State qfS5s Ibrarian 1,7ssss $ g Deposit by Receivers of I.tehfeld Bank i45.5G Deposit by Receiver of Woodbury Bank. 51s.6G Principal of Town Deposit Fund. 17,32s4 4e
 sIo3, ,7e4 4s1 The financial condition of the treasury jus tifes the policy of the last General Assembly in authorizing the funding of maturing in- debtedness in bonds payable at the pleasure of the State. Such bonds found 8 ready market at premium aggregating $29, 100. %. Since the date of the last report, bonds of this issue, to the amount of $500, ,00C.00, have been redeemed, and ample funds reserved to meet all the requirements of the treasury The balance of this optional issue of $500,. 900. % can undoubtedly be met without em barrassrnent to the treasury within a reason. ably short period.
 The bonded indebtedness, less cash on hand civil list fund, was:
 June 30 1Ss6 s6................ $4, ,04O 757. 5 June 30 18sS. .-........ 3, 4SS 900. .9 Debt reduced in two years ........... $551 s56 5 October 31, 1888, the gross bonded debt | had been reduced by the payment heretofore referred to, and then amounted to $3, TAO, 600. CO., redeemable ss follows:
 Oct. 1, 1885. zoe 0 Jan. l. 1903 500,0C .0 Jan. l. 1903 1000, 900. .0 Oct. 1, 1a10.. .............. 1f40O00 0 | Nov ISQ7 oDtionaJ bO0000 0