NEW JERSEY. 



553 



from $1,238,115 to $1,227,986 for school pur- 

 poses, aud from $928,580 to $920,989 for gen- 

 eral purposes, a total reduction of $17,826. 

 The total receipts of the State Treasury for .the 

 year ending October 31st were $3,214,543.93, 

 consisting of $919,194.16 from State tax, 

 $540,698.50 from tax on corporations, interest 

 and dividends, $1,226,054.98 from school-tax, 

 $427,985.06 from income of school-fund, ex- 

 clusive of payments on account of annual ap- 

 propriation, and $100,000 from sundry sources. 

 The disbursements were $1,566,037.05 on ac- 

 count of State fund, $315,500 on account of 

 school-fund exclusive of State appropriation, 

 $1,225,592.21 from proceeds of school-tax, 

 $262,531.72 on account of war-fund, $2,014.71 

 for library-fund, and $6,860 for Agricultural 

 College fund ; total, $3,378,635.69. There was 

 paid out on State-prison account $61,755, of 

 which amount $49,508 was for salaries. An 

 additional sum of $8,000 for gas-works was 

 paid. The payments for the Trenton Lunatic 

 Asylum were $59,388.15, which included $15,- 

 000 for the purchase of land, appropriated in 

 1874. Of the $900,000 appropriated last year 

 for the Morristown Asylum, $600,000 has been 

 drawn, and in order to meet the drafts the 

 State had to borrow $200,000. The total ap- 

 propriations for this institution, thus far made, 

 amount to $2,000,000. The disbursements on 

 account of the Legislature of 1875 were $53,- 

 578.96, which was nearly $12,000 less than the 

 preceding Legislature. The expenses on mili- 

 tia account were $44,725 ; printing, $78,205.- 

 29 ; State-house expenses, $22,851.55 ; State- 

 house extension, $15,000 ; Reform School, 

 $34,000; Industrial School for Girls, $5,000; 

 support of idiots, mutes, and blind persons, 

 $47,748.52; salaries and fees, $46,995.83; ed- 

 ucation, $57,411.59 (this includes an appro- 

 priation of $25,000 to public schools, $15,000 

 annual appropriation to State Normal School, 

 etc.); Riparian Commission, $11,000; pen- 

 sions, $44,218.08; Soldiers 1 Monument at Bev- 

 erly, $10,000 ; Centennial stock, $80,000 ; 

 Centennial Commission, $3,500; law and 

 equity reports, $12,433.52; stationery and 

 postage, $11,213.86; inaugural expenses, $2,- 

 377.10. The estimated expenses for the cur- 

 rent fiscal year contain the following principal 

 items : Principal of bonds due this year, $100,- 

 000 ; interest on State bonds, $47,427.60 ; tem- 

 porary loans, $200,000; State - prison, $84,- 

 000; Lunatic Asylum at Trenton, $45,000; 

 Morristown Lunatic Asylum (balance of ap- 

 propriation of 1875), $300,000 ; Legislature, 

 $80,000 ; militia, $50,000 ; transportation and 

 costs, $35,000 ; printing, $50,000 ; State-house 

 expenses, $17,000; Reform School, $26,500; 

 support of idiots, mutes and blind, $50,000 ; 

 salaries and fees, $47,000 ; salaries of the 

 judiciary, $70,000 ; education, $288,000; pen- 

 sions, $30,000; Centennial stock, $20,000; 

 Centennial Commission, $16,500 ; Home for 

 Disabled Soldiers, $40,000; Soldiers' Chil- 

 dren's Home, $15,000 ; State military account, 



$18,000; contingent and incidental, $24,322.- 

 40. These, with other sundry amounts, make 

 the estimated annual expenditures, for the year 

 no\v running, $1,722,000. 



The following table shows the amount of 

 taxable property in each county for 1874 and 

 1875: 



The only bonded debt of the State is the 

 war debt, which at the end of the fiscal year 

 amounted to $2,496,300, of which $100,000 

 was paid out of the State fund on the 1st of 

 January, 1876. The assets of the sinking- 

 fund amount to $1,360,466.72. The bonds 

 became due at the rate of $100,000 a year un- 

 til 1891, after which the amount varies, but 

 does not exceed $200,000 in any one year. 

 The last of the bonds mature in 1902. It is 

 expected that in ten years the sinking-fund 

 will equal the outstanding debt. The securi- 

 ties of the State fund consist of stock of the 

 Camden & Amboy Railroad Company and the 

 joint stock of the Delaware & Raritan Ca- 

 nal and Camden & Amboy Railroad Company, 

 amounting to $280,700, bonds of the joint com- 

 pany for $24,000, and a bond of the Jersey City 

 & Bergen Railroad Company for $10,000. 

 The school -fund amounts to $2,078,576.04. 

 The Agricultural College fund consists of 

 $116,000 of State bonds, the interest on which 

 is paid to the trustees of Rutgers College tow- 

 ard the support of the Scientific School. The 

 State is entitled to the education of forty stu- 

 dants free of charge in this institution. 



In August the State Treasurer was found to 

 be a defaulter to a considerable amount. He 

 had collected from the United New Jersey 

 Railroad and Canal Companies through the 

 Pennsylvania Railroad Company, on account 

 of the revenues of the State, $87,'382.86, which 

 he had failed to credit to the State, or report 

 to the Controller. This amount was reduced 

 by sums in bank standing to his credit as Treas- 

 urer, or paid over by him to the Attorney-Gen- 

 eral, to $44,1 16.68. Suit was brought against the 

 Treasurer, Mr. Sooy, and his sureties, to recov 



