Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1899-02-02

ngurlng.
Ia 1887, the United States govern
ment ordered the distribution Of
moneys. which had accumulated from
the sale of public lands, said dis
tribution to be made among the
several States. Delaware, in accord
ance with chapter 113, Vol. TX, Laws
of Delaware, passed on February 18th,
1887, directed the State treasurer to
use its share of said moneys in the
purchase of 5000 shares of the Farmers
Bank stock. The State subscribed for
the stock Mt a par value of $50 per
share, but, as a-matter of fact, paid
only 1856 per share. According to the
bill introduced by Representative
Tharp, the State. is not credited with
5000 shares at S36 per share, but with
o, GOO shares at $50 per share.
Some members of the committee
claim that the State has the right to
pay the difference between $50 and $50
per share on the 5000 shares, which
would aggregate $40, 200. In cancelling
the shares of stock, the bank is to pay
s65 per share. The State, on the 5000
shares credited to it in the bill, at S65
per share, has 1924, 200, while on the
5000 shares, as some members claim
should be credited, at S65 per share,
it has 1926, 200. difference Of S91, 900.
For this SOL, 900, the State, according
tojthe committeeman figuring, would
have to pay $40, 600, by which 1t would
clear ssl, 900. According to the bill,
the capital stock is to be reduced one
fourth. According to the bill 800 shares
of the States holdings will be can
celled, leaving the State still in pos
session, of 2,700 shares. From the 900
shares, the State will receive S58, 500.
The remaining shares will be worth
s175, 500. According to the committee
mems figuring, 1.250 shares of the
States holdings should be cancelled,
leaving the State still in possession OF
$3.50 shares. From the 1850 shares,
the committeeman claim, the State
should receive S81, $50 The remaining
$3.50 shares, If they were credited to
the State, would be worth S243. $50.
On the shares in dispute, the State
would possibly have to pay the bank
sl4 each, the difference between the
$50 and $50 per share.
The committee gave Edward Ridgely,
Henry Ridgely, Jr., and Walter Morris
hearings yesterday afternoon and last
evening, but the bank officials could
not change the oommitteemen's ideas
on the subject.
THE woRKHoUsE BILL.
Representative Robertson has intro
duced an act to establish the New
Castle County Workhouse. Its provis-
ions include the following:
NJ Within 30 days after this act shall
become law, the judges of the Superior
Court and the Court of General SEES.
sions residing in New Castle county
shall appoint five suitable persons,
residents of said county, who shall con.
stitute, the board of trustees of said
workhouse. The trustees shall serve
for the respective terms of one. two,
three, four and five years. The term
of each shall be determined by lot.
Their successors shall be appointed by
the said judges for the term of five
years. All vacancies shall be filled by
said judges for the residue of the term.
At no time shall all the trustees be Of
the same political party, and two Of
them shall be women. No trustee shall
receive any compensation for services,
other than the actual expenses of at,
tending the meeting of the board.
For the purpose of establishing the
said worlshouse,, the Levy Court Of
New Castle county is hereby authorized
and directed to borrow, upon the credit
of said county, such sum or sums o.
money as may be necessary, and as
may be directed by the said board Of
trustees, not exceeding the aggregate
S15U, 600, and for such purpose shall
issue certificates of Indebtedness Of
such denomination and in such form as
by the Levy Court may be deemed
most expedient. Such certificates shall
bear date July LIST, 1899. They shall
be payable on or before July LIST, 1918,
at any time after the expiration of five
years from the date thereof at the
option of the said board of trustees
They shall bear interest at u rate moi
exceeding 4 percentum per annum, pay
able senii-annually, on the first day o.
January and July in each year.
The money realized from the sale Of
said certificates shall be paid to sale
board Of trustees, and by them shal
be applied to the purchase of the
necessary land for a workhouse, anc
toward paying for the erection, com
pletion and furnishing Of the sale
workhouse, and also to the payment o.
interest on the said loan as it falls
due, until the workhouse is built anC
in operation.
The trustees shall, Immediately after
the passage of this act, procure suitable
lands for the, erection of buildings fol
the accommodation Of all prisoners sen
fenced to terms of imprisonment by
the courts of this State sitting in and
for New Castle county, including thost
sentenced and committed by the MUM
cipal Court of Wilmington, and by the
Justices of the peace for said county
AS soon as the said building shall bt
completed, and within IL days after
notice in writing of such completion
shall have been served upon the sheriff
of New Castle county by said trustees
the sheriff shall deliver to the trustees
at said buildings all the prisoners il
Jail or 10 his charge, under sentence O.
Imprisonment for certain term, ant
all. others held by him on commitment
The sheriff is hereby expressly author
lied and directed to make such dc
livery. Whereupon the said trustees
shall take charge and control of sucf
prisoners, and safely keep them for tn,
residue of their terms of Imprisonment
respectively, or until they be duly dis
charged. With respect to all such pris
oners, and also with respect to tn,
workhouse and lands, the said trustees
are hereby clothed with all the powers
heretofore vested by law in the sheriff
Of New Castle county, in the com
missioners of the jail of said count,
and in the Levy Court.
On or before the first day of Januer.
in each year, the board shall make |
REPORT, in writing to the Levy Court
showing the condition of the work
house, together with detailed state
ment OF all receipts and expenditures
with. such suggestions and recon