Evening journal., 1893-01-03
THE HOUSES MEET
Both Branches of the Le-
gisIature Opened To-day.
GOVERNORS S MESSAGE READ
An Executive Document of Re-
view and Recommendation.


Presented and Remedies Suggested for
Present Evils-Bombay Hook Suggested
as Site for the Quarantine Station
The Adoption of Stringent Measures
Asked by the State Health Board for
the Prevention of Cholera Epidemic.
The Obstruction Encountered by the
Worlds Fair Commission, Its Progress
and Future Work.
DOVER, Jan. 3.-Both houses met at
10 o'clock this morning The members
were duly Ssworn; the caucus nominees
were elected, and took their seats the
chaplains offered prayer, and joint
committee was appointed to inform
Governor Reynolds that the General
Assembly was ready for the transaction
of business. Both speakers acknowledged
the honors conferred in short but
effective speeches.
Ike Governors Message.
Secretary of State Marvel presented
the biennial message of Governor Rey-
no Ids. 1t was listened to with much
interest and favorably commented upon.
The salient points of the message are as
follows:
Gentlemen of the Senate and House
of Represent tatives:
You have assem- bled for the transac-
tion of such business as may be necess-
ary to the welfare of the people whom
you represent. Within the domain of
legislative authority your will is su
preme The duty of the Executive in
respect to legislation is merely advisory,
as he can only make such recommends
tions or suggestions as he may deem ex-
pedient. Upon you devolves a grave
responsibility, and it behooves you to
proceed with the utmost caution in the
execution of the public trust committed
to your custody. Hasty legislation is
one of the growing evils eff Legislative
bodies, and should be studiously avoided.
In order that no ill-advised laws may
creep into the body of our statutes. you
should proceed at once to the considera-
tion of those subjects which concern the
public, and to which your attention has
in some degree been already invited.
1t is a common fault with Legislative
bodies to defer the most important sub
jects for their consideration to the last
of the session and then dispose of them
in scenes of hurry and confusion. Most
of the uncertainty as to the meaning of
statutes, and their incongruities, may be
traced to this source. No measure should
be passed and allowed to become law un-
til it has been fully considered and clearly
understood. There is no reason why the
last days of the session should be
crowded with business requiring your
attention if, at the beginning thereof,
you would promptly address yourselves
to the performance of your several
duties.
Finances.
The financial condition Of the State
continues to maintain the healthful and
gratifying position which intelligent,
frugal and honest administration of its
resources have served to establish.
The report of the State Treasurer is
herewith submitted, which exhibits in
detail the operations of his department.
The most important feature therein is
the reduction of tue debt of the juno
ton and Breakwater railroad to the
state from $400, 600 to $1s5, goo, and the
consequent reduction of our interest
bearing debt Of 1915, 900. Each reduc-
ton of our public debt results in a relief
to the Taxpayers. and the gratifying
condition is reported of an excess OF
state assets over all state liabilities OF
$347, ,092.00, as is shown by the following
st atement:
ASSETS:
Investments, benefit Of general fund.
1,275 shares Of Farmers Bank
stock, at $50 per share. ..........S IB,bOO
20 shares oflNational Bank of Della
ware stock. at $3.50 per share..... 1900 O
Mortgage on the Junction and
Breakwater Railroad Company -. .
Mortgage on the Breakwater and
per cent ..,.......'...... y' .... 49, 100000 o.
Sper cent ..oop - 'o " 10000
$ 7,iOOO O
Investments, benefit Of school fund.
5000 shares Farmers Bank stock
at cb per share ................. $4,000 0,
3,439sha Farmers Bank stock,
81 shares National Bank of Della
ware stock, $3.50 per share. ...... 2e.S60 0
1l4 shares National Bank of
smyrna stock, at $40 per share 7,SsO
stock, sts7s per share i'SD' ' l9sis
per cent .....,.. .'......... % 15675O
ceat.......'....,...... ..N oo.l.. .. pei 10000
Total assets......................s slo3l, ,sla {
LIABuITIEs
I20 bonds, $1,000 each. issue Of 1885.
payable June ], 1905, at 4 per
cent. interest. -. ,.......-... rs 10000 Q
25O bonds, 81 900 each. issue of 1887
payable June l, 1907, at per
cent interest. ..;.s.............. s5O,OOO
One bond. due school fund. issued
in 1881, payable July J. 1906, ate
per cent Interest. .;.,.,..,..'.. l5s,75O
Certificate of Indebtedness TO
Delaware College, at oper cent
lnteres .-.... ...... .ssss..--.. S3,UOO
70 bonds, LOCO each, issue of 1891.
payable July 1, 1901, at per
cent. interest ..................... 75,OOOi
Total abilities................s es475O
Credits from general fund ........S 4S7.1OO
Credits from school fund. d.......... 544,742 {
Total amount Of credits, general
and school fund und...................S1.03 .03i $40 {
Total amount Of liabilities. 6S4, 100
Assets exceed liabilities. 347 ,O92 q
The credit of the state being TIN