The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-03
BALTIMORE, Jan. l, 1916.

BALTIMORE, Jan. l, 1916.
The G,rernors Messsge-Spesdy Redemption Certain
NsW Years. Morn-Stoek Board-Marksfs-$c.
The Governors Message received last night, and
its great length prevents from furnishing you full
synopsis Of this important document as promised. That
portion which refers to speedy resumption Of the pay
ment Of interest the State debt is most satisfactory
and will doubtless have favorable effect the standing
Of our stock.
The entire debt Of the State bearing interest," amounts
to s 7s4 The annual interest on the public debt
is and there has been paid during the past year.
$7i0 7sabeing S6s more than the amount of inter-
est accrung within that time. The actual Of
interest now due 10 81 being $50 1853 less than
it year ago. with surplus Of $lss4la in the
treasury.
crue up the LIST Of July 1885, he recommends should
be funded and Equitable rate OF interest fxed there
on and opposes the proposition made last session. that
the operation OF the sinking fund be stopped and its pro-
ceeds appropriated to the exngushment Of this funded
interest violation Of the faith OF the State pledged
sinking fund $l4040o0, which 10 progressively in
creating by the quarterly renvsmsnt Of the interest
accruing on it.
The adoption Of a certain period of resumption is
strongly urged and the lat Of October next recommen
ded as the time for commencing the good work.
three per cent amount then required to be raised an
nuay, for the payment OF interest will be $7l52l The
the next year. by prompt and energetic enforcement Of
the tar laws the Of money which be raised from
the direct tax, including that due for arrears IL
s., $4,000.
The stamp act of last session. on promissory notes,
deeds &c defended at length being both equitable
its more extended enforcement He also recommends
that tax Of ten per cent every lottery ticket be also
added to the present provisions Of the law.
The Governor demands OF the Legislature increase
of to enable him to enforce the collection OF all
the taxes hatare in that the credit Of the State
may be redeemed and aludes the responsibility ofthe
position they jointly occupy. He believes that 10
the accepted time, and to them 10 accorded the dstin
guished privilege of redeemng the honor and credit Of
the State He asserts that there ID not citizen OF tn
State who s worthy to be called her who does not
feel shame at the position she now occupies, and who
her now and for lie future in the position Of right
which she should occupy
In short the message ID of that active practical charac
tor which distinguished Gov Pratts inaugural address,
the adoption Of the recommendations Of which has pro.
duced happy result in the financial affairs Of the
instead Of finding two thirds Of the taxes uncoected
end the public debt increased 800 had been the
for three previous years. find the interest for the
the stained escuicheon of the State With sufficient
power to enforce the present laws he deems that sum
the people, to warrant the resumption Of the pay.
ment of the interest the public debt and depend
it. the power will be given him. and the result anticipa-
The bells merrily mailing the dawn Of the
year, as write, and Jack Frost has more assumed
ever, rising clear and will dispel all marks of his
visit The weather, for week past, has been a. mild
srocx Ra.,n'- Rsmors s,s ,soO onan.a A. on, ad.
vanced &c. and closed with sales at 9 small sales Of
Marylsn 6s sold at 49, The Governors Message will
doubtless cause an advance to-day
The MARKErs.-The flour market 10 very inactive
Sales Of few hundred barrels Howard street and City
Mills made yesterday at IS %. which is the current
There were small sales Of good to prime red wheat
yesterday at los l07 cents. Very little in market
tend downward Small sales at % for hhds and "a for
bbls