The daily morning journal and courier., 1895-01-10

propriate, the facts and suggestions which follow:
 FINANCE.
 The report of the treasurer, cover- 5ng two years, from September SOth, AS92, to September 30th, 1894, indicates as follows:
 RECEIPTS. Cash on hand
 September 30,
 1892 ,. S924, ,417 A Received during
 the year end-
 ing September
 30, 1893. ...... $2, 2,200, ,952 26 Received during
 the year end
 ing September
 30, 1S94......... 1,912,1SS 52
 $4,2OS, 09O 7S Total ... $5,127, ,5OS 22 The receipts of the year ending Sep- tember 30, 1893, included the sum of $261, ,9S1 90, being the amount paid by the state as a direct tax during the war and now refunded by the United State government.
 EXPENDITURES. For the year ending Sep
 tember 30, 1S93.. .$2,Sbl, ,9bI 9o For the year ending Sep tember 30. 1894. ,O27, ,122 10 Total SS9 ,o9O 15 Leaving cash balance Oc-
 tober 1, 1894. $7SS,41S or Tt will thus be seen that for the first year of the period
 covered. the expenditures
 exceeded the receipts by
 the sum of.. 7l,0l5 70 And for the second year. ...... .114,98S ST Showing a decrease of
 cash balance from the
 operations of the two
 years of of....................$1S .$1S5, ,999 37
 THE FUNDED DEBT.
 The funded debt is $3,24O, 200, of which k2oO, long since due, and bearing no interest, is still unclaimed; $1,5O0OO0 (31a per cent. bonds) vii fall due In 1903, and $1,74O.O00 6 per cent. bonds) in 1910.
 THE eRAFD LIST. The grand list, as report
 ed October 1, 1891,
 amounted to $372 ,S74,447 OO For October 1, 1S93 the amour. reported is. .... .46, S23, ,352 % Showing an increase for
 the two years of. f.......... $43, 44S,8 ,8O5 OO The repeal of the law requiring es- inmates to be made by the treasurer of probable expenditures explains the omission of the usual statement in that connection.
 sCHooI. FUND.
 The report of the commissioner of the school fund contains much that is both interesting and important. The amount of the fund
 September 30,1s92, was. .$2, 2,012,169 54 September 3O 1893, was.... 2014,449 Al September 30, 1894 was.... 2,011,768 2S The number of children enum- erated for the year 1892 was 167, sO9 Ard for the year 1893 was... 169, ,457 The dividend paid from the school fund to the towns for 1900 aroounted to... .$125, ,856 75 And for the year 1893, to ...... 127092 70 The expenses of management for two years ending Septem- Der 30, 1894, were ............ $2l,7s6 4S This is a larger cost than the aver age during recent years, owing to ex- ceptional circumstances mentioned in 4he report. The losses on real estate
 v4Yt fSC and sold since January {, 1882, Amount to.................... ,$16 449 9O And old losses on bank stock were ....................... 9930 VO Making total Off,. $S6,9f9 9o Aua1ropriations to make up for the heficfency caused by these losses, have rheen made and paid by the state, to the extent of $S2,106.45.
 The Commissioner states that present investments of the departments are eound. A large amount due for inter- est on loans is unpaid and legal pro- ,ceedings have, in some case, been insti- 4uted for foreclosure of mortgages. A gain of s7o6S.54 has been made, hrt not vet credited to the fund, on property SOIus luIOuSh IHC ui9 honesty of an agent of borrowers in the state of Ohio, the fund will suffer a loss which Is thought will not prove Ao be large. The unfavorable results mentioned are probably to be repeated from time to time, to some extent, so long as the state continues in the busi- ness of lending money
 An observation made below as to in- s,astments in the stock of national hanks by savings banks, applies with eauaI force to the school fund.- INSURANCE.
 The life insurance companies of Con- necticut are among the very best of their respective kinds to be found any, ,1uhere in the world. There are six so- raIled old-line companies, whose total assets January l, 1894 (the latest date 4o which we have exact information,) amounted to SIPS, ,162,2SS. The number