American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1845-01-23
REGISTERS STATEMENT.
CITY REGISTERS OFFICE,
BALTINoRE, Jan'y %, 1915
Ge7gt.cmcn Ct the First and Second
branches Of the City Council:

Gentlemen Ct the First and Second
Branches Of the City Council:
Your assemblage in annual session renders
i ny duty in compliance with an ordinance
approved March 18th, 1910, to present a report
showing the condition Of the finances Of the ci-
~ at the close of the fiscal year, and the esti-
mates OF receipts and payments required for the
current year, together with "any other intor-
nation connected with the finances of the city,
calculated to aid the Councils in their debera-
Tons on the subject"
The receipts of the past year, Including the
balance in the treasury, Oh the 3lst of Deem
Der 1913, was S6s5 1898 rs; and payments for
The same period amounted to the sun! OF $685.
70l %, leaving balance Of $50, l92 sc in the
treasury on the 3lst ult.
Interest on the entire issues of the City
Stock debt for the past year, was paid as re-
CURED by ordinance, to the Commissioners OF
Finance.
The interest payable for the present year,
vii be as follows, viz: On S4460,7 l3 IL six
per cent, and $905, AL 81 FIVE per cent; and
also on $500 81 five per cent. Court House
stock debt, making an aggregate Of $3l7,-
669 63.
As regards the Court House stock debt, one
half Of the interest thereon is paid by Baltimore
county; so that the interest actually payable
v,
29l 25.
All demands on the treasury during the past
year, were paid with degree Of promptness sell
dom eqUalled.
Tie unquestonable ability of the city
promptly TO meet all its obligations, cannot
fail to be highly gratifying to our entire COM
nnunity; but when 1t Is recollected that in adj
diiion TO sum required for interest On City
Stock debt, large annual appropriations are re-
CURED for various purposes, as detailed in the
annexed statement; and also that more than
one half ofthe State tax and licenses collective
ly, is paid by the citizens of Baltimore; and fur
thermore that 1t is proposed to increase this al
ready unequal burthen, the entire subject mer-
IFS and will doubtless receive the most careful
and enlightened consideration Of the Council
N compliance with Resolution No las, APP
proved April l6, 1914, | transferred to Paul
Beck, Jr., $4,000 out OF the certificate for
100000 of stock held by the city. would
most earnestly recommend that the Register
be directed to hand over the remaining $40
600 TO the Commissioners of Finance TO be
Used in their discretion, for the redemption of
that portion still outstanding Of city stock, re-
deen.able at the pleasure of the Mayor and
City Council, after the years 1888 and 1910 re-
speciivey; the amount Of which is S4s, 34ea--
The certificates Of stock held by the city, to-
gether with the rents of the property, which
by ordinance is applicable to the redemption of
city stock debt, would be fully sufficient to
cancel the stock alluded to.
For the purpose of endeavoring to show
the pIopriety of the course recommended, it
may not be improper to allude to the manner
n which the city become possessed of the
sock now in my hands
IL the year 1912, when the city, by resou-
ton, refused to continue TO receive Rail Road
Orders in payment of taxes and other dues a
large amount Of said orders remained in the
treasury, SS2 ,945 10 of which was funded in
city SIX per cent. stock, as it was impossible to
dispose of them in any other manner except at
an immense loss to the city; and for the pur-
pose Of meeting the most pressing demands
against the treasury, temporary loans, with
much difficulty, were obtained in compliance
with authority vested in ne for that purpose.
2 portion of this stock was subsequently sold
q: Si0s rs as heretofore reported 1t could
easily be made 20 appear that if the Rail Road
Orders had been sold instead Of funded at the
period alluded to, the loss TO the city in princi-
pal and interest, would by the present time,
have been fully equal to the certificate Of stock
now held.
Therefore, if the Council should deem It
proper to adopt the course recommended, the
effect would only be to apply the sum thus
saved towards liquidating the city stock debt
The annual appropriation for the harbor was
exhausted in November last. In compliance
with the request Of the Mayor, procured a
loan OF $4,000 on my individual account that
hcns the estimated sum wanted hy the CITY
Commissioners. On this accoun. have paid