Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-01-11
States Finances Good, and Mes
sage Suggests Increasing
Balance to 81, 1000, 900.
LITTLE NEED THIS SESSION
FOR LARGE APPROPRIATIONS
Few New Buildings Required and
Useless Expenditures Should
& Be TabOOed.

~ H- I4 a ~
Following is the Governors message:
Gentlemen of the Senate and General
Assembly,. t
The time having arrived for the con-
yening of the sixty-sixth session Of the
Legislature held under the present con-
Htitution, you assemble as the repre-
sentatives of the people to enter upon
the discharge of the duties enjoined
upon you by that fundamental law.
The general conditions in the State
are, ON every hand, satisfactory and
the people contented n prosperous
The period of depression, which a short
time ago afflicted the country, has
passed and industrial pursuits and
agricultural. ~employments are again ac-
tive. We should give thanks to the
Co Of our fathers and our God for His
beneficent providence toward us and
for the civil and religious liberty which
we enjoy in the republic of which we
are a part.
Financial Condition.
III At the last session Of the Legislature
tLes financial condition of the State
gave much concern, but the legislation
enacted and the economies practised at
that session have proven beneficial and
THE reports of the financial officers OF
the State for the fiscal veal ending DC
tober 81, 1909, show a satisfactory bal
ance, on the credit side.
The free balance on the 3let of Octo-
Der last was 1864, 353.51. The revenues
coming into the treasury of our State
are largely received at fixed periods,
and. in the interim between these Pc
RODS, it is necessary that the treasury
should be in condition to meet all de-
mands.
The fact that there was q free BAL
ance In the treasury at the n or the
last fiscal year should not be held TO
Justify the Legislature at this session
in indulging in large expenditure in any
direction. There Is quite as clear q duty
dpon the present Legislature to main
tain economy in the administration OF
public affairs as there was apo the
last.
Reasonable appropriations for the
State institutions and for a few addi-
tional buildings should be mades aside
from these, there Is 10 demand for any
Extraordinary expenditure at this ses-
sion. 2
The condition of tho State treasury
on October 81 last, may be summarized
rs follows:
state ,Fund.
Cross receipts during the fiscal
year ending October 3l5t, 1903 $8,637, n d
Gross balance October Slst, 1908 2,SlS,26 A
Total n the treasury during
N the nscal ............... I'll 400, a9S o.
Gross disbursement in fiscal
year ending October 31st, 1903 7,77i,615 4;
fG4eaving a gross balance Octo-
N Dor 31st, 1906. $3.50, $50 g.
This shows an increase in the gross
treasury balance of eight hundred and
eixty-two thousand six hundred and six
dollars and fourteen cents over that ex-
s1sting October thirty-frst, one thousand
nine hundred and eight. This was
largely due to two causes first, to the
care taken at the last session of the
Legislature IN making appropriations;
ano. secondly, to the large increase In
the collateral inheritance taxes, which
increase amounted to three hundred and
twenty-five thousand and ifty-three dol.
lars and sixty-seven cents. There was
also an increase of one hundred and
thirty-seven Thousand one hundred anc
kGv0l uOAAdio la OiktbJ SNhho II
the receipts from miscellaneous corpo'
rations.
The gross net balance as shown
AZ above was .x3,boO,SoS D.
Against this bulance
there were outstand-
ing contracts uncom-
Il pleted October 3lst.
1909, which must be
deducted, amounting
Ito .................: S5S,o4a ~
There was also in this
gross balance the
a railroad taxes col
lected n appor-
tx, toned to counties
pursuant to Chapter
40 OF the Laws OF
IS 1906, which had not
on October 31st, 1909,
been distributed pur-
suant to said act.
amounting to ....... 2,376,S 81
---- 2,Tl6.529 /
Leaving q net free balance Oeto-
Der S1st, 1909, OF. ................ S964,353 8
To this add the comptroller's
itemized estimate as to the
probable receipts for State pur-