American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1845-01-09

SIOo, EI'l~, WHEREOF lie dlSDufScu III the same
time S77,6S3,S5 of the Sinking Fund, and
\ b67,333.96 of the Free Schools Fund-mak-
ing Sl45,0l7Sl, leaving balance in the Urea
sury LIST Dec, 1914 Of S2S, 1861.
, We copy the following remarks of the Trea-
suror, which accompany the Report:
In obedience to the instructions given in Sec
ton 9, Chapter 20s, of December Session, 49,
10, | have appointed Agents in Carroll, Som
erset, Worcester, and Talbot Counties; the A.
gent of Carroll has paid into the Treasury, five
thousand one hundred and eighty-nne dollars
and thrty-nine cents; and since the close of
the fiscal year, the Agent for Somerset APP
pointed in August last, has paid, twenty thou
sand eight hundred and siXty-fve dollars and
torty-four cents, it being nearly two-thirds in
amount of all the taxes due from the inhabi
tants oftiat County for taxes for the years 1871
| az, '43 and "A. The Agent for Worcester, has
;, too recently entered on his duties to have made
any returns, and have not yet received bond
from the Agent appointed for Talbot,
l In pursuance of the provisions of Chap. $40,
December Session, 1913; negotiated a loan of
thirty thousand dollars at par, the best terms
Oh which it could be obtained, and contracted
with Messrs. James Curloy & Son of the City
of Baltimore, for the erection Of q Tobacco
Warehouse as prescribed by said Act.
On the 25th of June last in conformity with
the provisions of Chapter 1858, Sections and
,; the Susquehanna and Tide Water Canal
Companies, deposited with the Treasurer their
bonds respectively, viz: the Susquehanna Ca
nal Company its bond for one hundred and
thirty-four thousand seven hundred and fifty
dollars, and the Tide Water Canal Co. Its bond
for hfty-seven thousand seven hundred and fifty
I'LL sc .rt ~,
ence Of Exchange of Currency on the Loan,
authorised by the act entitled an act 10 ensure
the completion of the Susquehanna Canal, and
of the Tide Water Canal, passed at December
session, eighteen hundred and thirty eight
Chapter 4l6," up to the LIST of July 1874.
These Companies paid, as will be seen by the
foregoing Report, ten thousand dollars, ante
rior to the LIST inst, and they have since paid
ten thousand more, making in all, twenty thou
sand dollars, and they accompany their remit
, tances with the request, that after so much as is
required, shall have been applied to the pay
meut of the interest on the above bonds to the
State, to the lst of January, 1916, the residue
may be applied to the payment of the interest
, which will be due on their debt, in London Oh
the list January next.
f The Treasurer thinking it questionable
, whether such application of this money can be
made, determined, as the time for the meeting
/ of the General Assembly, was so near at hand,
t to await its instructions on the subject, and
now submits it to their decision.
Since the close of the last Session, the ba-
lance on the advance by the Messrs. Barring
has been repaid; their Commission as Agents
to pay the interest Oh the debt Of Maryland,
payable in London and the difference Of Ex-
, change has also been paid; but they still claim
considerable balance, which tho Treasurer
| did not feel authorized to pay; made up Of a
r charge for interest on their advance, charges
of interest on former payments, in consequence
of their not having received the necessary
funds in time, together with charges for print
ing, postage, and other charges as will hereaf-
ter be more fully reported.
would respectfully ask the attention Of the
Legislature to the Laws in relation to the taxes
on the Stocks Of Banks and other Incorporated
Companies; the existing ones having been so
construed as to permit considerable portion
, of the Stocks of these Companies to escape
taxation.
There is another kindred subject to which |
would invite your attention, | mean the Law
relating to the tax on the Stocks of the city of
, Baltimore. No revenue from that source has
reached the Treasury for two years past. By
chapter 2sl, of December session lS4l, section
4, it is made the duty of the Register of the
city of Baltimore sem-annually to withhold
and pay over to the Collector of the city, out
of the interest on the Stock of the city the re-
spective portions of tax due by the holders of
said Stock. This duty it appears has not been
performed, and by chapter 2S9, of December
session 1913, the Register is directed to set
apart and pay over to the Treasurer of this
State, out of the interest on the Stock of the
city Of Baltimore, the amount of tax levied on
said Stock, under the act of March session lS4l =,
chapter %, and its supplements, without refer
ence to the place of residence of the Stockholm
ers, which he has thus far failed to do; under
these circumstances, have felt it incumbent
on me to communicate the facts, that such
measures as you may deem requisite to remedy
the defect may be taken.
In pursuance of the provisions of Resolution
No. 20, of December Session 1913, the Trea-
snrer proceeded to dispose of the Coupons and
Certificates of Interest due upon the Bonds and
Stock of the State Under this authority he
has disposed of all the Interest of ls4l and AS,
and large part of that of 1914, which was
due. Most of the Counties having paid the
Taxes of 1912 before the passage of the Reso-
luton, a very small portion only of the lnte-
rest of that year has been disposed of. By this
operation the Fund in the course of the year
has extingnished eighty-four thousand nine
hundred and fifty-nine Dollars and thirteen
cents of the Public Debt
The balance due on the Sterling debt in
London to the LIST January 1912, has been as
already stated paid and have directed the
Commissioner Of Loans to draw on the Trea-
sury for the balance due at the Loan Office on
the currency debt to the same date.
Very respectfully their ob't servant,
ID. CLAUDE, Treasurer, Md.
REVENUE DERIVED FROM BALTIMORE Cry.
We gather from the various tabular statements
accompanying the Treasurers report the fol-