NEW JERSEY. 



109 



The sinking fund owed the State fund at 

 the dose of the fi-eal year $66,746, which ram 

 \\.-i- lion-owed from the Slate treasury by the 

 ommissioners of the Sinking Fund, prior 

 )<> April 1(1, IS'.M, when the State Trca-nivr as- 

 Mimed control of this fund, as directed by law. 



Corporation \-scxsmeiits.- Then- are ~'.:f?7 

 corporations assessed for taxation in the State, 

 the capital stock of which ranges from $10,000 

 to 160,000,000. Thirty corporations have a 

 capitalization of more than $3,000,000. Before 

 the passage of the law of 1891 these companies 

 :axed one tenth of 1 per cent, on their 

 capital, which would make the tax in some in- 

 stances $40,000 to $50,000. Since the pas-,,,-, 

 of I lie act of 1891 a tax of one tenth of 1 per 

 cent, is imposed on the capital stock up to and 

 including $3,000,000 : on all above that and not 

 ling $5,000,000 the rate is one twentieth 

 of 1 per cent., and for every million in excess of 

 that $50 additional tax is assessed. 



Railroads. The aggregate assessed valua- 

 tion of railroads in 1892 was $216,249,782, an 

 increase of $7,547.314 over the valuation of the 

 previous year. The total tax for State uses was 

 $1,081,248.91, and for local uses $388,529.30. 



Bunks. The total resources of savings banks 

 increased during 1891 by the sum of $1,293,- 

 252.42. On Jan. 1, 1892, they were $36,875,- 

 745.54; the amount of deposits was $33,807,- 

 r.:: 1. 1 (5 ; the surplus, $2,977,239.80 ; and the other 

 liabilities, $90,871.38. With the exception of 

 s.'!~>u.?85 in bonds of cities and counties of other 

 States, the total resources of the banks are in- 

 vested in real estate and bonds and mortgages 

 in New Jersey, bonds of the Federal Govern- 

 ment, first mortgage railroad bonds, bonds of 

 t his State, and of cities and counties of the State. 

 Savings banks are allowed to loan 15 percent, 

 of their total deposits on certain prescribed col- 

 laterals. On Jan. 1, 1892, $1,743,338 was in- 

 vested in this way, a decrease of $382,085 since 

 the preceding year. 



Insurance and Loan Associations. The 

 paid-up capital of the 10 domestic insurance 

 companies, as given in April, 1892, is $2,555,730; 

 the admitted assets are $7,598,703.73; the liabili- 

 ties, excluding capital, are $2,136,161.01: the 

 surplus as to policy holders is $5,462,542.72; 

 the liabilities, including capital, $4,691,891.01 ; 

 the surplus over all liabilities, which includes 

 the capital stock, is $2,906,812.72. Seventy 

 companies doing business in this State are or- 

 gani/ed under the laws of other States. There 

 are 'J:{ mutual companies operating in this State, 

 which have $2,419,721.48 premium notes in force. 

 The cash assets of these companies amount to 

 1471,848.86, and the liabilities to $86,605.02; 

 the premiums and assessments received, $182,- 

 90909; total cash income, $210,584.83; losses 

 paid. J892.4S7.77. 



The building and loan associations show the 

 following statistics : Number of associations re- 

 porting, 271 : shareholders. ?S.<i:ir ): shares, 518,- 

 77?: shares pledged, 131,620; borrowers. 19,205. 

 The aggregate net worth of these associations, 

 which represents substantially the total value of 

 all outstanding shares, is $25.606,373, of which 

 $20,484,172 is to be credited to the installments 

 paid in. The receipts during the year, exclu- 

 de of money borrowed from banks and dues 



paid in advance, were $12,418,704; diicbune- 



Ilieilts. $1 l.N-ll.','-|S : tin- current expen-cs were 



$1 lll.tiSO ; the salaries, $88,680. 



Indication. The number of children of school 

 age was 402,702 by the latest report; 89..VU; chil- 

 dren were reported as not attending any wh<K.I ; 

 1.911 over ten years of age were not able to 

 read; 4,610 were employed in factories, mines, 

 stores, and other workshops, who were under fif- 

 teen years of age. 



The amount of State school tax for the year 

 beginning Sept. 1, 1892, was $2,151.700. and" the 

 amount of State appropriation $100,<MM). The 

 State Normal School sent out this year the laruc-t 

 class it has ever graduated, 118. An appropria- 

 tion of $48,000 has been expended, in the erec- 

 tion of an addition containing a laboratory, a 

 gymnasium, and a large auditorium, besides 

 rooms for a library and a museum. 



The dedication of the new halls of the Whig 

 and Cliosophic Societies took place at Princeton 

 in June. They are built of white marble, at a 

 cost of $60,000 each, and reproduce almost ex- 

 actly on a larger scale the old halls. The corner 

 stone of a student's hospital was laid the same 

 day. The hospital is to be called the Isabella 

 McCosh Infirmary, and is to cost $30.000. 



Charities. At the close of the year there 

 were 120 pupils at the school for deaf mutes at 

 Trenton. Industrial training is given at this 

 school, as well as instruction in elementary Eng- 

 lish subjects. At the printing office a daily and 

 a monthly paper are published. 



The State paid for State lunatic asylums $119.- 

 982.06. and for the county asylums $110,096.21. 



Under the act of Congress to'provide State or 

 Territorial homes for the support of disabled 

 soldiers and sailors of the tinted States, the 

 Treasurer received $35,935.11 for the Soldiers' 

 Home, and disbursed $23,755.45. 



Prisons. The whole number of inmates of 

 the State Prison at the close of the year was 916, 

 of whom 27 were women. This is the lowest 

 number at the institution for some time. The 

 cost of maintenance for the year was $83,077.91, 

 and the amount of salaries' $82.327.55 ; for re- 

 pairs. $5,042.49 was expended. The receipts for 

 labor were $75,608.04. 



Thirty-one of the prisoners known as the 

 Hudson County ballot-box stuffers were paroled 

 in December, and one was unconditionally par- 

 doned. These prisoners were, with others, con- 

 victed of conspiracy to violate the election laws 

 at the general election held in November, 1889. 

 The report of the Committee of the Court of Par- 

 dons, to which the cases were referred, concludes : 



After a careful examination of the records of th>< 

 prisoners, which shows that lit one of these confined 

 in tlie State Prison was ever before imlicted tor any 

 otleiisc, your committee has deeio!i-d Unit it will be 

 consistent with the proper and merciful lulm'miMru- 

 tion of justice to nurole the following prisonero on 

 ;.' The paronnaof theM prisoners ,i, H -s not n- 

 store them to dtizenahip, Utd tlicir retention of lib- 

 erty is entirely dependent upon their eoodaotiag 



the'msclvo iw irixnl citizens, tin- State retain:! 

 riirht t<> compel a service of the balance of the sen- 

 tence it' any of the prisoners should prove unworthy 

 of the mercy recommended l>y your committee. 



The cost of the Reform School to the State 

 was $54.7!i',V.M. and of the Industrial School for 

 Girls $38,549.84. 



