The Penn's Grove record., 1915-11-05

or $267 ,5fl.39.
Comptroller Edwards sent a tele-
gram to Governor Fielder telling the
governor the condition of New Jer-
sey's finances.
States Financial Condition.
The following is the condition OF
the State at the close of business Tor
the present fiscal year:
Balance in the treasury
available for State uses.$ z, 37O,976 %
Amounts due or to be-
come due on contracts
and acquisitions which
have not been present
ed for payment. ....... 2,l03,599 10
RESOURCES
Balance for State uses, October 81,
1914, $1,OS1, 383.69.
Balance, Smith-Lever Fund, $4,-
221.92.
Total receipts, November 1, 1914.
to October 81, 1915, $12,16S,1O9.83.
Total, 3d. 53,715.44.
LIABILITIES.
Amount of annual appropriation act
of 1914, $7,634,419.60-
Amount of supplemental a%ppropria-
ton act of 1915, including special ap-
preparations by same Legislature,
$449, 704.36.
Amount carried forward to current
fiscal year from previous years on
contracts, and on acquisitions of 1914,
81, 1862, 278.48.
Receipts from earning institutions
included in total receipts from No
vember 1, 1914, to Ocotber 81, 1915,
but which are credited to them and
are available for disbursement by
them in addition to their earnings
and appropriations, $S10,110.18.
October, 1914-Earnings of State
Hospital, Morris Plains, to adjust
amount due that institution that
could not be credited previously, $685.
743.03.
Balance of 1914 appropriations ne
cessary to pay Passaic coupnty for
indigents, payments withheld on re-
port of commissioner of charities and
corrections pending investigation, 81
900.
United States appropriations to Ag-
r%icultural College, Emith-Lever Fund
and Soldiers Homes (included in to-
tai receipts but available for dis
bursement by all of them), $~104,SS7.22.
Academic Certificate Fund, trans
ferred from special account to State
Fund, and made available for dis
basement, S~2,581.60.
Receipts from railroad corporations,
due to counties for school purposes,
pursuant to Chapter 341, p. l.. 1918,
81, 5S33,127.91.
Receipts from railroad corporations
held in State Fund, pending appeal
to courts, due to local taxing districts,
$86,710.74.
Fines, etc.-Fish and Game-depos-
tied in State Fund. avsilagle for use
of commission, $~26,5S1.65.
Expense, supervisors, road depart
ment, transferred from motor vehicle
receipts, Chapter 236, P. L. 1909,
$1,000.
Total, $13, 091 ,908.75.
In his report Mr.. Edwards said:
First Cash Balance for State
"For the first time in the history
of the State the close of business finds
it's financial officers able to report
the actual cash balance N the treas
ury, and the amount hal the out
standing obligations of the State can
not exceed.
1.-THE legislation of 1914, which pro-
vided authority for the comptroller
to establish a system Of acquisitions
whereby the departments and institu-
tons were prohibited from mourning
obligations in Excess % their aDpro-
priations, earnings and receipts, has
been in operations for q full financial
year. This legislation protected the
State treasury from the vicious sys-
ten of departments and institutions
exceeding their appropriations and
guaranteed to the merchant and en-
ploye payment of the amounts due to
them. The requirement of the coun-
te~r-signature of the comptroller as to
funds before the incurment of an OBJ
figation by any division of the govern
ment placed the responsibility upon
his department of preventing any ex-
cess of obligations yer a%ppropria-
lions, and also protected the States
creditors.
New Jersey has sufficient cash in
its treasury to not only pay all its
outstanding obligations, but, for the
first time since the enactment of the
Legislation providing for the budget
system of appropriations, has a bal
ance in the treasury over and above
its co~ntractual obligations"
May Extend Rural Churches.
The principal subject for discussion
at the c%onvocation of the rectors of
the New Jersey P. E. diocese at All
Saints Church here was as to ways