Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-01-12

Total liabilities. ............s slY,75ooo
Excess of assets over liabilities 349,669l6
From the estimates of the State
Treasurer Of the receipts and expendi-
lures for the fiscal year of 1893, it ap-
pears as follows:
General Fund.
Receipts of the General Funds 3Ss,3lo.2 20
Estimated expenditures.......-. 304, 5000
School Fund.
Estimated Receipts.
Income from investments. .....S 81, 10000
Appropriation from General
Fund. ................. 100000
Total. ISL, 10000
Estimated Expenditures.
Free text books. 100000
Apportionment of dividends. 119, 10000
Sinking Fund.
Estimated Receipts.
Oyster revenue. 4,5000 90
Estimated Expenditures.
Salaries, expense of guard boat,
fish and oyster police, food
fish and commissions. $4,000
Owing to the unusual demands on
the general fund for paying the ex-
penses of the Constitutional Conyen-
tion and the adjourned session OF the
Legislature, held for the purpose of
making changes in the laws made
necessary by the adoption of the new
Constitution, the State Treasurer, in
addition to the $50, 900 derived from
the extra number of bonds Of the issue
of 1897, was compelled to obtain tenn
porary loan from the Farmers Bank at
Dover Of $4,000 at 312 per cent. This
was done under authority of chapter
| II of Vol. XXI Of the Laws of Della
ware. This loan has not been paid and
1 recommend that you take into con.
sideration the best means of paying it.
| From the estimated receipts and ex-
penditures of 1899, made by the State
Treasurer, it appears that there may
be balance in the treasury nearly
sufficient for this purpose, and u proper
care and economy in the apropria
tions OF your session would insure tn.
discharge of this debt. When we take
into consideration the extraorelinar1
demands on the treasury during thu
past two years, we can readily see tina
IL return TO the usual expenditures, o
previous years, will make the incomt
of the State ample TO meet all necessar,
expenses.
In compliance with the provisions O
chapter $50 Of Vol XXX, Laws o
Delaware, authorizing the issue O
bonds for the purpose of redeeming tn
,, 40 ponds of the issue Of 1887 and tn
10 bonds of the issue of 1891, bot
bearing per cent interest, and to pro
cure $50, 900 to meet the eXtraordinar
expenses of tho Constitutional Con
vention, 245 bonds were issued bearin
interest mt per cent. This is mos
fiattering to our financial standing, q
few States are able to carry their in
! oebtedness at so low a rate Of Interest
All of our bonded Indebtedness, exceI
S}5, 900 of the issue OF 1895, whic
bears interest at 31s per cent, is no
carried at 3 per cent.
: There is in tho treasury to the cred
g Of the school fund 81. 093. "a, derive
= from license fees, which accumulate
a in that fund since the distribution
q 1897 and before the passage OF I'll
Q present school law. This evidently WI
r not intended by the last Legislator,
i when 500. 900 was appropriated to I'll
! school fund and the license fees wei
o diverted to tho general fund. But
o no authority was given the State Trea
@ urer To use this money as part of I'll
! general fund or of the school fund.
has retained it in the school fund f
Il your disposal. recommend that tn
o money be diverted to the general fur
s. at once, as it is badly needed to me
" present demands on that fund.
call your attention to the excellol
showing of the oyster revenue, Whit
constitutes our sinking fund Viii
this fund fell short Of meeting the e
penses in 1888 and 1895, under ii
present excellent management surpl
appears to the credit. This is the +
suit Of the enforcement of the laws III
the careful collection of license fe
DO and the economical management of Il
fund.
ELECTIONS.
/ congratulate the people Of the Sta
on the success of the provisions in t
new Constitution relating to election
The open and scandalous use OF mon
for the influence of voters had asaum
W such proportions as to threaten t
peace and stability Of our institution
and no work of the Constitutions Go
vention was watched with keener i
terest than that looking to the su
preston of bribery. Then came t
test of an exciting election, with
tho old attempts to evade the law a
continue tho shameless practices til
had become such u factor in the {
cision of the important questions viii
our voters have been called upon
decide. 1t has been demonstrated ii