Middletown transcript., 1911-01-28
ASSETS OVER ONE MILLION

State Treasurer d. o. Moore has SUBJ
mitted his report for the fiscal year end.
ing January 9th, 1911, to the Legislature.
It shows that the State has $50, ,924. 6S of
cash in the treasury, aside from the usual
appropriations. It also shows that the
State has tangible assets of 81, ,056,3
above all liabilities, which 1t is estimated
could be converted into that much cash.
This includes buildings, land and securi.
ties.
On the new State House $62, 500 already
has been spent and from SIS, 900 to $25, 600
more will be needed to furnish and equip
the buildings.
Treasurer Moore's report shows:
Cash balances of the several funds are
as follows: General fund, $62, ,566. SO !;
school fund, $l5,585 63; sinking fund,
2,772 O8; total $s0, ,924 aa.
Assets, 81 1892, 1908.
Liabilities, 1926, ,785.
Assets over liabilities, 81, ,O55, 1858.
Receipts, exclusive of balances, $743,-
675.5l; expenditures, $7b9, ,9ll 70, divided
among the several funds as folloWsi
Receipts Expenditures
General fund. $685., ,341.27 1851, ,5O749
School fund.- l43, ,475.60 173.655.OO
Sinking fund.-. 7,S58,64 5,769 80
The report continues: "In all former
reports OF the Treasury Department. for
some reason, the property of the State at
the Delaware State Hospital has never
been carried as an asaet, nor has the
Delaware College Experimental Farm and
Building" The present report shows
the Delaware State Hospital as an asset of
$27O,O 900 and the Experimental Farm and
Buildings as an asset Of $25, 200.
Continuing the report says: "It will
be noticed that the cash BALANCES have de-
creased somewhat from those expended
upon the new State House and the invest
ments made are considered this is a very
good showing"
The principal increase during the year
has been in receipts OF the Secretary Of
States Office, theincrease being $27, 40 10
over the previous year.
1T may be OF interest TO know that the
State spends eaGh gear for educational
purposes about $295, 900; charities and
corrections, $4,000; for agriculture, &c..
600; for preservation of public health, $5,.
500; for improvement of public highways,
$50, 900; and for the support Of the Nat
ional Guard Of Delaware $4,000. This
sttteHHs ss..ssass s.ssass tthe 2tate eaeh year extends
$780,, 900 for purposes that have nothing
to do except possibly indirectly with its
government"
The report shows that with the S53, 900
railroad and railway forfeiture money
there has been purchased $751; 900 Of
bonds and four shares Of Farmers Bank
stock.
The sinking fund has purchased during
the past two years for investment $l6,0 600
Of bonds. Treasurer Moore recommends
the investment OF surplus moneys 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
/ believe that the Farmers Bank could
afford to do SO without affecting its divi-
dend."
A recommendation also is made that
the superintendent of county schools buy
the text books for schools instead Of the
Treasury Department as at present, He
also recommends that the State pay
for the books ont Of the General Fund
and that the amount be not deducted
from the dividends Of the districts, tbue
leaving the dividends unimpaired, Treas
urer Moore calls attention to the need Of
an up-to-date system Of accounting for the
Office, particularly With regard to eorpor-
alton taxes, and an appropriation will be
asked for that purpose.