224 



CONNECTICUT. 



life-interest in any estate of the other under the pro- 

 visions of this statute. 

 Approved March 16, 1877. 



Two amendments to the constitution of the 

 State, agreed to and proposed by the Legisla- 

 ture of 1876, were confirmed by a two-thirds 

 vote in both Houses of the General Assembly 

 of 1877, and were submitted to the people for 

 their adoption or rejection at the election held 

 on the first Monday in October, 1877. They 

 are as follows : 



No. 1. Neither the General Assembly, nor any 

 county, city, borough, town, or school district, shall 

 have power to pay or grant any extra compensa- 



votes cast, 31,282. Yeas, 23,833 ; nays, 7,449. 

 Majority of yeas, 16,384. 



On amendment No. 2, whole number of 

 votes cast, 31,285. Yeas, 26,751 ; nays, 4,534. 

 Majority of yeas, 22,217. 



The financial condition of the State appears 

 to be quite satisfactory. Her receipts from all 

 ordinary and extraordinary sources during the 

 last fiscal year amounted to $3,502,195.86; in- 

 cluding $77,415.60 balance in the Treasury at 

 the beginning of the year, and $1,068,900 pro- 

 ceeds of new bonds then issued. The amount 

 of income from ordinary sources, properly at- 

 tributable to the last year, was $1,963,728.75, 

 which was increased by 

 the addition of $352,- 

 702.36 of taxes belong- 

 ing to the previous 

 year, but postponed to 

 the following by a mis- 

 taken change of a stat- 

 ute; and $39,399.66 of 

 balances to special ac- 

 counts transferred to 

 the credit of the civil 

 list. 



The State expendi- 

 tures for the last year, 

 including $1,068,900 

 bonds redeemed, were 

 $2,769,781.53; leaving 

 in the Treasury, for the 

 new year, $732,414.33. 

 The estimated re- 

 ceipts for the ensuing 

 year are, $2,574,864.- 

 33 ; and the estimated " 

 expenditures, $1,743,- 

 646 ; showing an esti- 

 mated surplus in the 

 Treasury at the year's 

 end of $830,718.33. 



The whole of the public debt of Connecti- 

 cut, at the end of 1877, was $4,967,600, consist- 

 ing of the following items : 



January 1, 1868, redeemable January 1, 1888, 6 per 



cent $677,000 



January 15, 1864, redeemable January 15, 1884, 6 



per cent 1,818,500 



July 1, 1865, redeemable July 1. 1885, 6 per cent. . 1,741,10C 



May 1, 1877, redeemable after May 1. 1887, t> per 



cent 1,081,000 



The State School Fund, on November 30, 

 1876, amounted to $2,028,332.81. Its sum in 

 November, 1874, had been reported $2,044,- 

 226.54, showing an apparent loss in two years 

 of $15,893.73 ; but accurate research into the 

 affairs of this fund shows that several items 

 put to its credit in former reports were never 

 Both of the amendments were approved by in existence, or had been canceled, 

 the citizens. The aggregate number of votes The number of savings-banks doing business 

 cast on each was almost the same, the differ- in Connecticut continues the same 86. The 

 ence between them being three votes only; aggregate amount of their deposits on Oc- 

 bnt the majority of tETyeas over the nays, on tober 1, 1877, was $77,214,372, an increase 

 which they were respectively adopted, was of $725,062 over 1876, when it was $76,489,- 

 exceedingly unequal, as follows: 310, which was in turn an increase of $2,034,- 



On amendment No. 1, whole number of 862 over the deposits of 1875. The total of 



SHEFFIELD II ALL (TALE COLLEGE;. 



tion to any public officer, employe", agent, or ser- 

 vant, or increase the compensation of any public 

 officer or employe", to take effect during the contin- 

 uance in office of any person whose salary might 

 be increased tliereby ; or increase the pay or com- 

 pensation of any public contractor above the amount 

 specified in the contract. 



No. 2. No county, city, town, borough, or other 

 municipality shall ever subscribe to tlie capital stock 

 of any railroad corporation, or become a purchaser 

 of the bonds, or make donation to, or loan its credit, 

 directly or indirectly, in aid of any such corporation ; 

 out nothing herein contained shall effect the validity 

 of any bonds or debts incurred under existing laws, 

 nor be construed to prohibit the General Assembly 

 from authorizing any town or city to protect by ad- 

 ditional appropriations of money or credit any rail- 

 road debt contracted prior to the adoption of this 

 amendment. 



