The Jersey City news., 1892-01-12
Stockholders Must Pay Their
Share-Drag Nets for
Tax Strikers
CHAPTER ON COLD WATER
Comprehensive System Of State Sup
ply to Cities Recon-
mended.
for the Farmers-Patrfotic and
Public Spirited Utterances ON
Various Topics.

The full text of Governor Abbett'7
second annual message as presented
to the Legislature today is as follows:--
Gentlemen of the Senate and General
Assembly
In obedience to the requirements of the
constitution I herewith present to you my
annual message, showing the condition OF
the state and recommending such measures
as deem expedient. r,
Condition of the State.
/ congratulate the people upon the splen-
did condition Of the state at the close of the
fiscal year. Its financial condition was never
better; for the first time since 1855, the
fiscal year has closed without any floating
debt. Under the acts of the legislature
improvements have been made at the state
house, new assembly chamber has been
built, extensive alterations have been made
in the old library building giving additional
Office accommodation; the courts have been
provided with new room for holding
branch court and room for consultation,
all of which improvements were rendered
necessary by tho growth of the state and its
important interests, and will be completed
without borrowing money and without
additional taxation.
Under the liberal laws of the state many
new corporations have been created, largely
increasing the receipts from fees for fling
certificates, and the amount Of tax payable
by miscellaneous corporations. The rail-
road and miscellaneous tax acts Of 1884, 1a1ad
their several supplements, and the pr cn1x
and efficient administration ofkn
L. \ Ia
meet the expenditures sena =,
by the rapidly growing population Of the
state and it's increasing needs.
With all the work that has been accom-,
plished, no new tax has been levied upon
any corporation, and the people still con.
tinue free from the imposition Of any direct
state tax for governmental purposes The
promise made by the executive in 1884, that
no direct state tax should be imposed upon
the people has been faithfully kept. So long
as the government is carried on under ex.
isting laws and under its present econonf
cal management, no such tax viii be neces
sary. If the future needs of the state reduife
further revenue, the taxes upon Corporations
can fairly be increased until they pay equal
ly with individuals. The municipalities az
the state, howeyeg- may properly aak tor
ditional revenue from Sorporatiea IL The5
is no present necessity for increased 3
for ordinary state exnsnditures
In view Of this excellant condition OF 81
affairs, I do not feel callAd upon 70 ass
legislature for any additional tai,
corporate or indiddual for the ordi
penses of the state government.
penditures of the state are kept
limits OF the present sources On
therefore there is no reason 1oflS
-. ILL
If, however, the legislature 81
appropriations for new puliisipgs
accommodations ror present. s'1
tlons, new sources Oh reVenue
vlded. Thls can De done ny tne y
OF collateral inheritance VA,
otner metnoos recolnnnenueu -
message. "A
again recommend 10 oho iesis1sS
N MAKING appropriations, 'noy surety
tne act 1or tne sources ol es0med.
wnicn tne same snau pe pau - nteresta
OF an act Ior a large appiopi ia.ion anva,a
secure the payment thereoi' ING q Aing. ed
tion must be postponed oy 'he nlay MOI OF
partment until sulncien' mUney Ien[ meet
irom some source 10 ihees ~ . 10 Asss \rs'A''
dinary revenues over ORDINARY eAp1 Pr col
Is not sufliclent 10 meet very ~ nes pS.
tionai oraits many oi tne oiu Jerk
tons are stu unprovlueu loi ~ In ~ -
OF time tnese WIN siauuy 49, 10 aSS;,
new appropriaolohs a.e 70 a.a .s-or;SsS
sources Oh reSehue hiu'o ~
Expenditures ana Heceip.s'
During the past fiscal year tne entirs
floating debt OF S4Oo0oo wncn existed AZ
the commencement OF my aaministration,
was fully paid of and dlscnargeo' ana oven
$4,000 paid for interest thereon. Over
$64 900 has been expended LOT optainlne
title to the camp ground at sea dift, which
was taken under condemnation Proceeainga
instituted under acts OF 1888 ana 1854 ray
ments have been made for the nome OF aisr
abled soldiers, the state lunatic asylum, the
agricultural experiment. station and Other