Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-01-03
LIABILlTlEs.


Total ST. ,O3, ,si2.vO
LIABILITIES.
1870 bonds, 81 600 each, issue of 1885,
payable June lst 1905, at per
cent interest......... -..,...,...f l.OOOnOO
$50 bonds, 1910 each, issue of 1887,
payable June st 1907, at per
ono bond, due School Fakd, issued ''''''
in 1881, payable July lst, 1906, at
per cent interest. ................ 156T50,00
College, at per cent Interest s3,OOO.O0
I5 bonds, $l,OO0 zach. issue of 1891,
payable July lst 1871, at per
cent interest, t,..................... 75,OOoOo
Total liabilities. es....................s 6is,75O0O
Credits from general fund. ...,....S 4ST, ,iO00)
Credits from school fund. 54i,I420l
Total amount of credlsp, general
and school funds ..............S 1881, $4,000
Total amount of liabilities. ........ dSi,T5G.00
Assets exceed liabilities. ......... 5 &7,O9a,OO
The credit Of the State is thus kept in
| the front rank, and the consequent benefit
of paying the lowest rates of interest upon
our outstanding bonds has accrued to our
| citizens-a condition that should be satis-
factory to all taxpayers.
EQUALIZATION OF TAXATION.
| In my former message | dealt, at some
| length, with the subject of the eGualiZa-
| ton of the burdens of taxation. recon-
| mending the adoption OF an amendment to
our tax laws which would subject invest
4 ments to reasonable and equitable
| portion of the public burden, thus reliev-
| ing our Durdened land owners to the same
| extent. | therefore deem IL unnecessary to
| take up much of your time in the discus
sion of this matter. | am still as strongly
| persuaded of the justice and necessity of
| such legislation. take 1t that arguments
to sensible men upon subject so mani-
| testify clear and simple are useless indeed.
The fact that the great majority of the
| other States of our Union have found
such enactments valuable and practicable,
| is of itself the best argument i'll its favor,
and ] can scarcely see the necessity TO
multiply arguments to favor proposition
so palpably for the benefit of those who
form the chief Inainstay OF our insttu-
| tions therefore recommend to you, the
majority of whom are yourselves repre-
sentatiyes of the burdened land owners, to
equalize taxation By placing its just pro-
portion upon bonds, mortgages and other
| Investments.
CONSTITUTIONAL CONVENTION.
The people, at the last election, declared
in favor of Constitutional Convention.
1t will be your duty, therefore, to provide
by law for the election of delegates who
shall compose that convention. In this
connection | would suggest that you pro-
vide for the choosing of 10 delegates from
each of the counties. In my opinion this
would give general satisfaction among the
conservative classes. Any system of ap.
portloning the delegates whereby any one
of the counties would have preponder-
ance of strength in the convention would
meet with very general disapproval.
CONSTITUTIONAL AMENDMENTS
At the last session of the General As
, sembly an amendment to the Constitution
was proposed whereby the courts should
have tue exclusive cogniZance of granting
divorces, except for the causes and upon
, the conditions prescribed by the Legisla
ture." In view of the calling OF Il Consti
tutional Convention, proTided for at the
same session, | declined to approve of sale
amendment as it, among other things
, would be the subject of consideration BY
said convention.
FREE SCHOOLS.
1t is with great satisfaction that ! cal
your attention to the public schools. Bu
, few, ii any, State Ill the Union can boas
: OF SO good system at so little expense tC
the taxpayers. In this department the
State has made great progress in the pas
. four years, and never in its history have
the schools been so efficient as now. The
making of all moneys received from thu
| State payable to the party entitled, by
orders or drafts upon the State treasurer
has removed the reasons for many Of thost
: troubles that so frequently arise i'll thu
tha ,a,, ,'' iFor,InS Tlo f,rn;si,i,r " -
G froo taxt Ross ms ora,tIy increasaJ III,
Z attonrja,co ~ mnnr Gistricts AMI ho
,,e ,ia, 10
ton that enables both teacher and schola
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