Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1846-01-15
Sl,236,765 al
The report goes on TO say

The report goes on to say
This report, exhibiting an almost mere
dIble improvement IN the condition of the
Treasury, in the short space of one year.
must be highly gratifying to every citizen
OF Maryland. 1t jus!iies the belief that
the State is beginning to emerge from the
financial embarrassments with which she
has for several years been struggling; and
sustains the opinion, alike honorable to
himself and his fellow citizens, advanced
by respected predecessor in his annual
report to the General Assembly at its De-
Icember session, 1912: ''That the people of
Mary land possessed not only the will and
the ability, but the pnalterabIe determine
ton to pay their whole debt"
The estimates of the probable receipts
into, and demands upon, the Treasury for
the current year, which accompany this re-
port, have been made with care, and show
that the receipts will, as in the past year,
after meeting the ordinary expenses Of the
Government and paying a years inte, est on
the present funded debt, probably leave a
balance in the Treasury applicable to the
further reduction Of the interest in arrear.
These estimates, which the Treasurer
doubts not will be realized, afford also to
the citizens of Maryland satisfactory evil
dence that the efforts they have been so
long increasingly making to sustain the no.
nor and credit of the State have been vain,
and give assurance that ere long she will
be in condition regularly to meet all
claims on her Treasury.
The Sinking Fund has been in active
operation during the year, having in that
period absorbed one hundred and thirty
four thousand, two hundred and seventy
one dollars, thirty-two cents of the public
debt, demonstrating its ability, if carefully
cherished, to redeem the severa! loans of
the State as they respectively become due.
The advance of the Messrs. Barring hav-
ing been paid, the Treasurer would respect
fully ask the attention OF the Legislature
to the claim made by them for interest on
their advance, and certain other items of
charge on account of expenses incurred by
them as agents of the State.
Among the subjects of graduation at this
time, the fact that the Treasury has receiv-
ed essential aid in the past year from seve-
raj internal improvement companies is not
the least. Should they, as many anticipate,
contribute an annually-increasing revenue
to the Treasury, to that extent, relieving the
citizens from taxation, we may, though now
Justly regretting the rash and improvident
expenditures on them, eventually have cause
to congratulate ourselves that the works
were undertaken.
For they have developed and brought
into use invaluable treasures in our own
State, which but for them would have re-
manned dormant and useless; and they
have drawn into our State the productions
anG trade of fertile regions of other States,
which, without them, would have found
their way to other markets.
They have thus already added greatly to-
the wealth of the State, and will continue
to contribute to her growth and prosperity
to an extent which none can now estimate. |
Very respectfully, their obedient servant,
d. CLAUD, Treasurer. !