Evening journal., 1914-01-30
AUDIT SHOWS
MORE WEALTH
FOR STATE
Franchise, Auto and Insurance
Texe Receipts for Fiscal
Year Shows Increase
ASSETS OF $l,ll2,3n
OVER LIABILITIES


pleted his report for the fiscal yCar
ending January L.. 1914 which Ns.l
be presented TO the auditing comn.--
tee. now in session here. portion OF
the committee having commenced 10
audit the treasurcr's books Yesterday.
The report. which shows the financial
condition OF Delaware the cNpendi-
lures. receipts. etc, is interesting I'M
aemuch as increases are shown In
many of thc departments OF the State
The balances at the close of the
fscai year 1918. ending January -,
1914. were ms follows:
General fund. S45.791.90. school
fund, Sl5,5S6.9O; sinking fund, S36l.6S;
total. sGi,s42.iN.
The assets oil the State are Sl,939,-
i56.4S.
The liabilities are SS26.7S5.00; as
sets over liabilities. St.112,37t.4S
The cash receipts 10 the general
fund for the year were S676.953.O0.
The expenditures were S707. 1882.
The Balance Yin the general fund is
about $4,000 less than at the beginning
OF the year. but an increase is shown in
the cash receipts of the general fund
over 1912 OF $50 .lGS.2l. while the cX-
lpondituros show an increase OF S94,i ,ip2.
This was due TO the expense incurred by
the Legislature. which amounted TO over
500 600 including special and additional
appropriations the most notable or
(which was $4,000 annually for five
YEAR. to the Women Affiliated College.
The increase in receipts most notice
liable WAS from the franchise tax, which
amounted To S7O94l.7s, q gain OF over
$1,000 There was also a large gain IN
the automobile license tax, the re-
ceipts amounting 10 S34,s35, a gain of
nearly $1,000, which was exclusive of i-
cen,c- sold during the month ot De-
lcemhcr. 1918.
The Insurance and Banking De-
.partment also show gains amounting
to $1,000. From most all the other
sources of revenue TO the State, there
was a noticeable gain during the
year.
One OF the decreases in the receipts
was from the sale OF marriage IL
censes. which is shown to be alout
$4,000. Since May I. 1913. the receipts
from marriage licenses have been re-
ceived by the clerk OF the peace in
stead OF from the secretary OF state
as heretofore and with such receipts
being turned into .he site treasurer
with other fees Il. has not been pos
sible to learn the exact amount OF re-
ceipts from such licenses.
AS trustee of the school fund the di-
| vision of this fund was duly made
/ which showed n dividend of Sl93 per
\ teacher. This decrease was due 10 the
increase in the number Of teachers. and
the amounts expended for tet books
which was Sl275462. which was de-
ducted from the dividend. The total
amount apportioned 10 the schools OF
the State was Sl73li6Ij.
As commissioner of the sinking fund
the state treasurer purchased during
the wear. $4,000 par value of the Now
Castle county bonds. which with the
SOP 600 previously purchased and the
s5l5OO in bonds held by the railroad
! guarantee deposit fund. increases the
4 amount that the State hoNs in first.
class bond, 10 sl250O0. which is TO be
applied to the states bonded indebted
/ hess.
The money derived from the oyster
revenue IS also placed in the sinking
I fund to be invested in first-class Sc
curities. There was a decrease Of
I almost $4,000 from this revenue dur
ing the past year, which may be ac-
( counted for because Of the consider
able amount spent on rehtting the
State guard boat. with an engine and
repairs. as the boat was unable 70
do active service under sail, and also
to keep up with the other oyster
, boats. many of which are fitted IN
with motive power.
The assets OF, the railroad and rail-
way guarantee deposit fund. including
bonds and bank stock. amounts to
S51 500, making a grand total Of as
sets to be Sl,990.656.4S.
The general fund investments. in
cluding bank stock and railroad
, stock, amount TO $394,O00.
The receipts of the general funt
Z for 1913. were as follows: Balance
S92, 2,347.64: clerks Of the peace. H.
4 censes and fees, S159. .234.44: insur
ance and banking department S69,
204.S5; railroad, state tax, S1i2.0J5
interest on mortgages. S11 $50; tele
graph and telephone companies, Si2.
Z 642.63 express companies, S2,S96.O3
Z department of secretary Of state
: Sl62.123.99: manufacturers Of steam
: gas or electricity, SS59.G9; franchise
tax from corporations. S70.94l.IS
= collateral Inheritance tax. Sl1.CO2.57
7 state laws and codes. SS7469; L.
Z Government appropriations TO col
: leges. $4,000; Delaware State Hos
Z pital. receipts from pay patients. etc.
/, S12,7i6.2G. together with receipt
from sale OF old paper. dividend
nom bank stock. appropriations re
Z funded. etc. give the entire total re
Z ceipts of the General Fund as S769.
Z 3OO64
The expenditures Of the general fun
{ Ton 1918. were as follows;
; Executive department. SG6230.5l; lie
partmcnt of Justice. sf3,sG7.67; legis
4 iaiiye department. S5j.5la6G; charitie
and olccmo.ynary Institutions. S9a.77e
%; preservation and publication OF mis-
torical records. Si,S29.l7; education
S2gl 4f4.26, agriculture. SlS2ij.7l; pub
lie health. S2302iIS; improvement q
public highways. s3l ,45S.32 public ds
Tense. s25,31lGS; interest on bonded deb
S2nlJ0; miscellaneous. S2l .237.li; bal
ancc. SCI ,7fa.4S, making a total of ea
penditurcs of S7dS,007.G0.
School nd-Investments, ban
stock. par value. SSO4.450OO; ban
stock, market value. $500 622.O
bonds. S1S3.7S5; making a total in
vestment of S944. .4O7.
| The receipts Of the school fun
shows S1SS,733.69. with the expendi
ture the same amount. including tn
balance January II. 1914, of Sl5
$3.50
II