Milford chronicle., 1912-02-16

y amount being S629, ,312 49, This increas
: was general, for with one exception, tn
= receipts from every source ofrevenue wer
more than in the year 1910. The falling
off occurs in the taxes collected by til
: Secretary of State for the organization o
!, corporations, and is due, not to the de
crease of the number of corporations or
ganized, but to the decrease i'll the tota
capitalization of the corporations. The
amount of the decrease is S22, 1892. Al
The principal receipts were as follows:
Sale of Licenses
New Castle County. .sl5l,s5O %
Kent County ................ 9'l69 "a
sussex county. .-....-..-.... Izu0o %
-S176O7S 81
Insurance Department ............... 4s.743 "a
Bank observation-disclosures. 1856 81
Telegraph and Telephone Cos. 49,. ii,i66 81
Int on R. X. Mortgages. ............... 1850 90
| Railroads, State Tax
P. B. & W. r. r. Co............$ $4,000
! Delaware ........ 25OQO
! PbiIa K, reading F000
n ma NJ y p iSSiu'iK '''''''''' 2'g00 Ig00
| NJ d. SV '''''''' S99
l12OOO 90
| Dept. of Secretary of State
! Corporations. ,...............S72,4 2,427 09
Aato6obiIes'''''' A1t5 SoB%ssons 1sSsG0S 50 90
Marriage Licenses. ..... .... 6342 90
Fees from Certified Copies etc 2L67OOO
-- 114.249 90
Annual Tax from Corporations. ......... 52.797 36
Collateral Inheritance TaX............. 1l,O23 %
The most notable increases were in the
receipts from Sale of Licenses, " nearly
$40 ,0O0; the annual Corporation Tax, "
more than Sl4 600; and i'll Automobile
Tax, nearly 81, 900. The Marriage lii
censes have, heretofore, been sold by the
Clerks of the Peace, but an Act of the last
Legislature provided that the Secretary
of Stale should receive these fees. This
is simply a new way to collect an old tax.
The expenditures for the year amounted
to S659 ,69l.77. This is considerably more
than the amount expended last year, but
the increase is directly traceable to the
cost of the session of the Legislature.
Below is given the principal divisions of
the disbursements.
Executive Salaries and all expenses of
the several State Departments and
printing for the year,. ..............s 7l4SO Sc
judiciary (Saaries of Judges and Court
Stenographers and Court expenses
paid by the state) ......;..........,. sO7Ol 81
Legislative Salaries of members, officers
= S other sappiies) 4oslo e
Charities and Corrections (appiies to
Public Institutions, commissions and
soeieties) Observation-Disclosures. .. 1O6 785 20
Public Health. -..-............... 23,40S 81
Pres. and Pub. Of Historic Records. 1872 IS
impPo1ement a5S0Ss Of Public Highways 81 55 s5 Ss Ss
Public Defense National Guard) . 1910 "A
Interest on States debt mot including
interest on bonds to School Fund and
Delaware College which is in Educa-
p ti9nal Expenses. ;....:;.......,i.... 1850 90
Building and furnishing the new State
Rouse. 36, lSl 64
Miscellaneous....... see. ............. S.S1l q
Many interesting facts may be deducted
from the above statistics, few of which
we vii cite below
The people of the State, including busi
ness firms, etc, paid during the year
about S225, 900 for the support of the
State Government.
The State spent for the benefit of the !
residents (eXclusive of the cost of the |
State Government, in all branches in the |
way of Education Public Institutions, |
Health, etc. more than $3.50, 600. In |
other words. the people of this State re-
ceive 81 in return for 81 paid into the |
State Treasury.
The State spends as much, on Educa- |
tion alone, as the total amount paid in by |
the people.
The entire cost of the Executive De-
partment which is the Department that
conducts the business of the State, is only
aboat one third of the amount appropri-
ated to Education, and only little more
than so per cent of the amount donated 4
to Charities and Corrections. No doubt,
to a large number of our readers, these 4
facts are as surprising as they should be
of the receipts of the Sinking Fund,
S12, ,2S947 was invested in bonds to be
held against the State S Bonded Indebt-
edness. Since the enactment of the Sink
ing Fund Commission Law, there has
been SIS, 900, par of Bonds purchased by
this Fund. These bonds together with
$40, 900, par of bonds purchased by the
Sinking Fund during the term of Hon.
Thomas N. Rawlins, and S5l 900, par, of
bonds and bankstock purchased by the
& Railway Guarantee Deposit
Fund, make total of S99 900, par, in
first class securities, held against the
States debt
The total indebtedness of the State is
$3.50, 7S5 the total assets, 81, 1884, 1898. 81.
Amount of assets in excess, $hO06, ,608. 81.
A part of the Bonded debt of the State is
made up of bonds of one Fund to another,
30 the amount of bonds really outstand-
ng, which must be paid in cash upon
is S56S 900.
As the Treasury will not have the ex-
)enses Of a Legislature or the New State
House this year, the State Treasurer esti-