Milford chronicle., 1936-02-14

ing.
! The figures further show that tn
! State tax on corporations for 1893
(S14S,383.66) was 52.2 per cent O
. the total revenue of the Corporation
> Department as compared with 4S.l
! per cent for 1884. Fees for certi
fled copies in 1895 increased 2.6 pei
cent in relation to total income.
"Offsetting these increases is q
decrease in 1885 of SIS per cent in
income from annual reports indica-
tive of the fact that I'm 1884, 22,126
corporations filed as compared TO
1854 in 1885. This shrinkage is
due to the fact that dissolutions, an
nulments, mergers and other con-
sideTatiOns were in number in ex-
cess of new charters" according to
Mr.. Smith.
He says that totals of revenue of
the Automobile Department for 1884
and 1885 were $846 .592.15 and $911,-
O79.8O, an increase for the latter
year of s64, 1876.
To embrace within the scope of
/ the report statistical information
supporting and qualifying the
shrinkage of revenue Of the Depart
ment of State, an analysis of its
records for the period beginning
January l, 1927, and terminating
December 81, 1888. also has been
made. This study, supplementing
that made of the years 1894 and 1885
furnishes the foundation for the
series of comparisons for nine years
which follow.
State Revenue
The total income from all sources
for this time is S1S,S16,722.41, the |
greatest revenue in any years re-
viewed being $4.625, ,925.51 in 1929
and the least, $1,146,578.49 in 1884.
Averaged, the annual total is $2.09O,-
1868. The year 1929 produced 24.6
per cent of the total. 1884, 6.1 per
cent, and 1885, 6.5 per cent.
To indicate the trend of income.
averaged on basis Of nine years
as against the 1885 trend, it is
shown that 52.3 per cent was rev.
enue of the Corporation Depart
ment; 45.S per cent. automobile de-
Dartment; is per cent civil COM
and one per cent inter-
EST.
In 1885, Corporation Department
ncome was 22.3 per cent, the aver
.ge for nine years; automobile de-
,artment, "a Per cent, as compared
With the nine years average Of 45.S I
,er cent. There also was a slight {
Increase in titling fees and income
rom civil commissions.
1.-THE total revenue from all de- a
from 1927 to 1885 Of $751;
is a yearly average of S
Z. .O9O, 1903" Mr.. Smith reports. il
The yearly percentage average is Il
IL. However, in the years review c
q, the high was $4,363, ,925.51 1929 C
nd the low was S1.146,57S.49 $3.50. e
he actual prOratiOn of the indi-
dual year total to the whole shows G.
1uctuatiOn since 1929 C
as PAS per cent and 1884 was 6.1 Il
sr cent. Decline IN revenue began
1880, when the ratio dropped to tC
per cent. Since that year il stead bl
' diminished until 1884. The year NJ
1885 resulted in a slight in 7:
ease"
Thanks Governor W
In a letter to Governor Buck, ac- tr
the report. Mr.. Smith 10
presses his grateful appreciation be
r your most helpful cooperation.
~ l acknowledge also my debt to 10
her State officials, to a loyal staff pr
d to the press Of the State" be
In addition to the many duties Sc
timed for the Secretary Of State
der the Constitution, others have tn
en- added uutil today he is en- idC
lsted with the management OF
executive offices. He has come SD,
be recognized as the liaison Off ma
between the Governor and the
neral Assembly during legisla- an
e sessions. By legislative enact we
mt. he is custodian Of the Great l
Il of the State, custodian Of the Ge,
cial drafts of the laws passed by VIII
General Assembly, and is re- res
nsible for the publication OF me
S, for making out and register at
the commissions of State Off we,
), and for certifying certain OF ="
Ii DOuQSs anu ADI AS5uAAb hAA3SSA pOu
eous licenses. Membership on day
State Budget Committee is like he
3 an important duty, Two ma 'NC
departments of the State, the at
or Vehicle Department and the and
Doration and Franchise Tax De- you
ments, also are under his su- N
rision. Thus, the Secretary Of Mrs
Q has become not only an ad- day
Istrative officer, but an official N
,wed with police powers which, of
n exercised, make for the safe hon
ding Of life and property on the Dutt
ways. Likewise, the office is OF II
Importance as a collector OF son,
nue.. HON
Motor Vehicle Commissioner, Lam
administers the laws governing daug
titling. licensing and operating How
otOr vehicles. vice,
cretary of State Smith went in Gem,
flee In December Of 1884, and M.
'eport to Governor Buck is rec Sa
sed as an important innovation Davi
tate circles. Of Il