Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-03-12

| tnlHS, anu tndL theory Is concerning the
investments made from the national
surplus revenue fund; fund drawn
from the general government along
back in the thirties. The State author
lied subscription for 5000 shares of
Farmers bank stock, par $50, to be paid
| for out of that fund, and out of that
fund, / think, some Union National
Bank stock, and a $4,000 loan to Sussex
county to help build her court house.
This surplus fund was apportioned to
the states, not according to population
but according to their number of sena-
tors and representatives in Congress,
and it was to be paid in quarterly in
stalments. There were only three of
these instalmcnts paid; the fourth in
stalment never was paid. Consequently
there never was but $36 paid on each of
these 5000 shares of stock. Now, my
| theory is that, that subscription never
having been paid in full, it is very prob
able that the certificates were never is
sued; the par value being $50 per share
and but $36 being paid thereon on ac-
count Of the default of the general gov
eminent in paying the fourth install
ment.
took receipt from my successor,
Mr.. Giles, on February 3D., 1876, and i
know that receipt covers a full side Of
foolscap paper, enumerating the different
items paid over to him, and there are
no certificates of bank stocks enumerated
in that receipt-so much belonging to
the general government, so much to the
school fund, so much to the oyster fund,
SO much to the Delaware College fund,
so much in the aggregate, &C., for which
gave check covering the whole.
AS to the Breakwater & frankfort
mortgage, recall that Jacob Moore and
the directors of the road came up to
me and brought with them the mort
gage, and | delivered to them in ex-
change therefor 200 Delaware State
bonds for $1,000 each, and | had that
mortgage recorded. | don't recollect
whether received the mortgage back or
not; if ! did put it in the treasury safe.
NO RECORD OF THE CERTIFICATES.
The legislative investigating commit
tee ascertained from the officers Of the
Farmers Bank here to-day that they can
find no record of the issue to the State
Of the certificates recently supposed to
be in the little tin box. The State treas
urers reports have shown STA shares
of this stock among the State assets;
2'a,did o. ~, tnese sIares AZ S9o each. ana
o,Voo ny $40 each, making IN az $3.50, 700
al par value, or $402 $40 at their present
~, ". Nalue'
Possibly some light on the issue or
i,on-lssue o. THESE securitles may be
drawn from some old books uneafthed
in the auditors room, at the State
li9use, to-''iy. mere We're SIX Of these
oia . Volumes whose very existence
II mon statd 49, traa,,, ~ 5gaIs,
4 daad and rana ,,o,,t e tsa;s i,s
n rar 6acl s. 1901 Sne H., a - ,Sals
ho6Is canto;n tbn o @,,ie w sf = .ilese
M nav;s .in a 49,, " eS-Ileas
arv 1eSs T, /. ,ei ~" ~. y ~ oailu
hoo,is hrid+o ~ - ~ igote no 100 tiies1
1sYd M Ia, 2"p ~, Nv
eyamina1 vi r. diSeonar n, Iui'T,ut'ly y
10 i,,tarua,, - aisoo ~, VIA 'oi " ~
af thoso s;r 49, Ia 10y ~ H. o ny
otbars a,,,2a,, $50 So, s'i Ir. 'lian NY
tian ~ X davota5 ai,;a4a e d;ai,,l
r,s,ts far s uJ0tT0 Smley ~ ~ uisuItse
ar+,as ~ T,,;,h a. posqs siie eaI 1nes
Traasi,rar p, - oaIM " 100
s,irraotad 49, u ~; pieeeu 'nese res
Erani, Ii L,9ns - ~ ~ Sill III.
. R1rnito fhis az q
HI, 49, ~ - CIV. etssu "
~ ~, III ~ ~ naianeu oMea " ms laihef
~ - II iu''t ~ " ~ heAl uesuay,
y i'es pelIle. ne expressed wish that
- - 80. ~ sliouiu Ihqsil,e inlo anu
- upu ,,. ny ~ amount % tnls lhueot-
49,, o'i,s1s -, ~ ~ NY iilahc any ue-
shanid a. 80, 's ,,, pulilile maj ne
eiio"iu ~ any such investigation on
loOls
- tEhsiAlE BOUNDARY
non. Ihomas T. Bayard addressed
me mehDers ana others tonight, in
representatives Hall, upon the work
81 the commission on the boun-
Diary line between Delaware and
pennsylvania. This commission, il
VIII pe remembered, was appointed
W inc LEGISLATURE OF lse9, to act in CO.
operation with pennsylvania commits
SION III re-establlshing this boundary
line and marking the same by enduring
monuments. The Delaware commits
sloners are Hon. u. F, Bayard, ex-
speaker Is. u, Lewis of the Senate and
efSX-Speaker James IL. Hoifecker Of the
House. The Pennsylvania commits
sioners are Wayne MacVeagh, Robert
y, Monaghan and Il. IL. Miller. The
n - sl"tulE - l721 uPPiopIlhlcu pStUUu
Tor the expenses of the commission; not
one cent Of which has yet been ex-
pended by the commissioners The
commissioners have paid their own ex-
p6nses in all the preliminary work.
Mr.. Bayard sketched, in an entertain
ing way, the surveys of l76S and 1919
and referred to a survey made in 1901,
when William Penn was proprietor Of
the province Of Pennsylvania and the
territory Of the three lower counties on
the Delaware: illustrating his remarks