Evening journal., 1897-01-05
GOVERNORS MESSAGE.
Recommends the Sale of State
Bonds at a Lower Rate.
DEN0UNCES ELECTION BRIBERY

Secretary Of State Whiteman pre-
scented to each branch of the General
Assembly the message Of Acting Gov
ernor Watson with the accompanying
reports. AS he entered and walked 10
the front of the speakers desks the
members arose as a mark of respect to
the executive. On motion of Mr.. Pyle
the message was read
Following is the text of the message
which is favorably commIted upon
by both Democrats and Republicans:
State of Delaware.
Executive Department
Dover, Jan. 3, 1897.
Gentlemen of the Senate and House Of
Representatives
1t is my privilege to extend to you
cordial welcome 10 this, the seat of our
government, and to wish you success
in your participation in the control of
the affairs of our citizens upon which
/ you have just entered. You are fully
sensible of the individual responsible
! ity that rests upon you as one of the
coordinate branches OF our system of
| government. BY the constitution
under which you are assembled the
whole legislative power of this state is
vested in you, with no one to concur in
your acts and no limitations upon
your capacity to enact laws, except
those prohibitions contained in the
Constitution which created you, and
the Constitution of the United States
and the acts of Congress, made within
the limits of its authority. With the
knowledge of this grave responsibility,
l doubt not that il will be your con-
stant aim to leave behind you a work
that will deserve from a confiding con-
stituency the welcome plaudit: well
done!"
The perpetuity of popular self gov
eminent is contingent upon the faith
/ fulness and disinterestedness of those
r in authority, whether as legislators
judges, or executive. The destinies of
, our people are largely in your hands.
] The honor and respect of our sister
states are in your keeping In a word
you are fiduciaries of the highest de-
gree. The demands of private indi-
viduals, which have for their real OBJ
ject the promotion of private interest
at the expense of the general public
s will doubtless be one of the barriers
+ that you will be called upon TO sur
mount To decline to grant a selfsf
e request is no grievance to him VIII,
e makes it, but an acquiescence in sucl
I demands is oft-times a public injurl
. that is far reaching and disastrous il
I its consequences. l, therefore. caution
! you that you be not deceived by th'
n adroitness and cunning of experienced
agents whose interest in the genera
welfare of the whole people is not com
: mensurate with the duty incumben
\ upon you.
- h. - So Nsr~
/ to participate in the enactment o
e laws, nor his wish to interfere will
I you in the discharge Of your exclusive
functions, yet the Constitution enjoin
Z upon him the duty of giving to you IN
d formation of affairs concerning tn
state, and of recommending 20 you
Il consideration such measures as h
shall deem eXpedient With this brie
introduction / shall at once enCer upOl
. the fulfllment of this obligation.
To intermeddle with the affairs o
=, your organization would be reprehen
n sible and nothing is farther from m
= intention, but being possessed of
N owledge-acquired by experienc
" and observation-of the Importance O
great care and accuracy in the enroll
ment of bills. the irksomeness entaile
upon your body. most especially upO
ne committees upon enrolment, and tn
m onerous duties imposed upon the Sec
er retary Of State in his publication {
of the laws consequent upon the employ
Vi ment Of an incompetent person for tn
performance of this most imnartaT
~ part of your work / am induced wit
97. reluctance to direct your attention I
rt this matter.
ttoo FINANCIAL
4
or nances Of the state to be in the san
wholesome condition tnat has charai
terized our states credit for man
years. By a prudent economy an
n faithful attention on the part of thol
re who have the management of our
'in nances the lowest rates of intere
. have been secured and maintained
The following statement will exhih
IN the states liabilities and assets T
IRE spectively:
'' LIABILITIES.
. Outstanding bonds bearing per. ,.-...
cent. interest ........ ...........S 1000
Outstanding bonds bearing 3ia
per cent. interest. $4,000
, Outstanding bonds bearing per ...
- cent. interest.......... .......... ZlOVcu
ms School fund bonds bearing per
The Certifcates ess' of Indebtedness to
m Delaware College bearing
49, per cent. interest s.sst.-s-.s-ssss o'VlN
Z Total liabilities ..............S 1880
So ASSETS.
aes The assets belonging to the general fu
l. are as follows:
Mortgage OF Junction & Break
IN water Railroad Co., balance
ne of debt at 3 per cent...........S ls5,OOl
he Mortgage of Breakwatcr &
Frankford Railroad Co, prin-
p cipal at per cent.............. 2OO,OW
] ,275 shares of Farmers Bank
- stock at SbJ........ ...........-.. ez,ot'
20 shares of National Bank OF
Delaware stock at $780,. 1000
Total investment general funds 4UsN
- The investments for the bencnt OF
school fund are as follows.
1900 shares of Farmers Bank
stock (on which $35 per share
has been paid in) at S36.......,S lN,OO
81 shares of National Bank OF
Delaware stock at SoO........ lo,5u
erv 2.439 shares Of Farmers Bank
stock at S65. S65.................-.... l5s "
'ast stock at l0....................- Lso
5ov ia shares of National Bank OF
U"' Delaware stock at Sl0.......... t,so
of 254 shares of Union National
- Bank stock at S7S............... 1881
anu / bond of State of Delaware
nf d