The Jersey City news., 1892-01-13

This pape7' is democratic in principles
and is in dependent in its pielUs on al
oeal questions. s
Democratic and Republican Finan-
ciering.
The financial history of New York
and New Jersey for the past year
contrasts strangely with that of the
Federal government. To those who
watch the current of events without
partisan bias, it cannot but convey
an impressive lesson in marking the
difference between Democratic and
Republican administration of public
trusts.
In his annual message to the Legis-
lature, Governor Albeit congratu-
la tes the people of New Jersey upon
the splendid condition of the State.
Its financial condition." he says,
was never better" The State Capt.
tol has been remodelled to accom-
modate the increased business of the
growing State. The new Assembly
Chamber has been finished--a thing
to be proud Of for centuries to come
and new offices and audience rooms
have been provided for the Courts
and the public departments. Other
great public improvements have
been realized, notably in the asy-
lums and reformatories of the
State A large accumulation of
floating debt has been paid off. No
new indebtedness has been contracted.
No money has been borrowed during
the year, No additional tax has been
levied. There is no prospect or ex-
pectation that any new tax will have
to be imposed in the future. The
State has paid for everything it has
got, and it has good cash balance to
its credit
Governor Albeit found the State
laboring under floating debt of $780,
600. This has all been paid. The
State Camp Ground at Sea Girt has
been acquired under condemnation
proceedings at cost of 1854, 900. Pay
ments have been made for the Sol
diers' Home, the State Asylum and
the Agricultural Experiment Static.
amounting to $4,000. The Capitol
improvements cost S11S0O0. Some
100000 of the State debt has been
paid, and $41, 900 has been lent to the
Sinking Fund. The fiscal year closed
with a balance in bank to tE3 State
Fund account of $402, 1896
Ex-Comptroller Wempls in his an
nual report to the New York Legisla-
ture shows that the receipts of the
State during 1891 were $21, 243, $50. 80 !;
the expenditures were 9,S86, 041. 60.
The State had $S,938, ,971.90 invested
in its several trust funds. The treas
ury shows surplus of $5, 1922, 773. 9S.
The debt of the State is So, S04, 960
with Sinking Fund of $1,9l3, 030.99,
leaving the net indebtedness $S9l, ,929,
areduction of over $700, 900 in twelve
months. Comptroller Wemple recon-
mends Legislation to absolutely wipe
out the State debt this year.
Contrast these records with that of
the Federal government since the era
of the Billion Congress. Think of the
great surplus squandered, the pay
ment of debt stopped, the revenues at
certain periods showing a deficiency
in comparison with the expenses Of
government. Consider the paralysis
of business, the injury to our CONNER
cial relations, which have resulted
from the reckless tariff laws Then
You will be able to realize what the
true distinction is between Republi-
can and Democratic rule; you can
judge for yourself which is the party
of the people, which it is safest to en-
trust with the conduct of government
for the coming Presidential term.
THE Sixth District Citizens Asso-
citation is on the night track. 1t
will ask Senator Hudspeth to secure
the legislation necessary to provide the
district with q new station house. and
will also employ Mungo j. Currie to
ascertain what citizens lights are in
the matter OF the proposed pass
age across Brown place. The
proper way to enter upon these
matters is to begin at the begin
ming and then there will be no steps
to retrace later on. The rsce mt talk
of shotguns was idle vapo ring and
only served to make the gentlemen
indulging in it ridiculous. Shotguns
are bad arguments and there is no
need for them while the courts are
ready to redress public grievances.
THE selection of Mr.. Hudspeth as
Chairman of the Riparian Committee
is excellent 1t is creditable alike to
President Adrain and Hudson's rep
resentative.
No ore need worry over the will OF
Patrick III. Sheeran. All the heirs
4 l.. |. r.