Milford chronicle., 1911-01-27
DELAWARFS ASSETS ARE
NOW over One MILLION

state Treasurer D. 0. Moore has sub
Initted his report for the ascal ; ear end
ing January 9Th, 1911 to the Lepisls
t1Te. 1t shows that the State has $40
92z IS Of cash in the treasury. aside from
The usual appropriations Itslso show,
thst the State has tangible assets o.
s., 1,O55,375 above al liabilities, which il
If estimated could be converted into
mat much cash. This includes build
ings, lands and securities.
On the new State House S62 500 al
geady has been spent and from SIS OOC
10 S25 600 more will be needed to fur.
niyn and equip the buildings.
Treasurer MOore's report shows
Cash balances Of the several funds
are as follows: General fund, $50, 566 80;
sehOOl fu hd, fl5,5S5.63 sinking fund,
az ~ OS total, $50, ,924 68.
Assets, 81 $50, l6O SO.
Liabilities, 1926, 7S5.
Assets bver liabilities, 81, ,055 1858.
Receipts, exclusive Of balances, S74S,-
676 81 expenditures, $759 Oil 70, divid.
I'd among the several funds as follows 4:
Receipts. Expenditures
General fund 1852 84l.27 S5sI, ,5O7 49
school fund l48, 1850 l7S 685. 90
Sinking fund 1858 "a 5,769 80
The report continues: In all for.
me- reports Of the Treasury Depart
ment for some reason. the property Of
the state at the Delaware State Hos
pital has never been carried as an asset,
nor has the Della ware College Expert
mental Farm and Building" The
present report shows the Delaware
state Hospital as an asset Of S270 O6O
and the Experimental Farm and Build
ings 50 an asset Of S25 900
Continuing the report says: ut will
be notlc ed that the cash balances have
decreased somewhat from those ex.
pended upon the new State House and
the Investments made are considered
this is very good showing"
The principal increase during the
year has been in receipts Of the Sec
retsry OF states office, the increase be- |
ing S27. 40 70 over the previous year.
1T may be of interest to know that
he State spends each year for educa'
tional purposes about 1925, ,OOO;fOr chari-
ties and corrections, SIP 900; for agTi.
culture, So, ,OOOior preservation Of public
health, $500; for improvement Of
public highways, $50 900; and for thu
support Of the National Guard Of Della
ware Sl6 900 This shows that the
State each year expends 1897 1900 for
purpe5 ss that have nothing to do ex-
oept pd ssibly Indirectly with its govern
nent.
Thereport shows that wi,h the S53,.
90C Railroad and railway forfeiture
money there has been purchased $751;
g0c Of bonds and four shares of Farm
ors' Bank stock.
The sinking fdud has purchased
during the past two years for invest
mentS Sl6 COCO bonds Treasurer Moore
recommends the investment Of surplus
roopevs OF the State in good securities.
The recommendation also is made
that some provision be made whereby
the State receive interest on its daily
balances Of deposits in the Farmers
Bank "If other banks are able to pay
interest on deposits l believe that the j
Farmers' Bank could afford to do 80 {
without affecting lts dividend"
A recommendation also is made that
the superintendent Of county schools !
buv the text books for schools instead
oftbe Treasury Department Is at pres
ant He also recommends that the
State nav FOR the books out OF the {
lepareI Fuud and that the am cunt be
not deducted from the dividends Of the
sistric,s thus leaving the dividends
pnimpaired Treasurer Moore calls
attsption to the need OF an up.to date
svs,am NJ accounting for the office,
nsrticuIsrly with regard to corporation J
tsxes and an appropriation will be 4
asked for that purpose. t