American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1846-12-30
GOVERNORS ANNUAL MESSAGE.

yesterday. Its length-25 octave pages
precludes the possibility of giving it entire in
this mornings paper. We subjoin an abstract
of its contents:
The message opens with reference to cur
amlcable relations with Great Britain, IN con-
sequence of the settlement of the Oregon
question.
The Mexican war is then referred to, which
the Governor thinks might have been avoided
lie Is OF opinion, however, that it will result in
national benefit, as the necessity for revenue
will be the means of affording adequate protec-
ton to American industry. A high tribute is
PAID to the volunteers in the war, and also TO
the brave officers from Maryland, who have
fallen in battle, and the Legislature is urged,
(should Congress omt,) to provide for the wild
ows and orphans Of the fallen officers aud sol
diers
Further legislation for the enrolment and
organization OF the militia is urged; since the
last session more than 800 military commits
sions have been issued.
The Governor then proceeds to the finances
Of the State, and by comparisons shows that
the existing tax laws are more than adequate to
meet the currOnt demands upon the treasury.
and that the legislature will be justified, with
out the imposition OF additional taxes, in fund
ing the arrears of interest, and IN naming a
day for the resumption of payment of all cur
rent demands upon the treasury. lift be de-
cded to fund to the LIST Of October next excIu-
sive OF the interest Of that quarter, the arrears
OF interest on the lst Of December, 1886 will
be 81 ,299,922 80
January, lS47, S5I ,22O
The quarter interest due on the LIST
April l847, 94,45s
And the quarters interest due July
LIST, 1877, 23l ,453
Making the interest due and to become
due to that date, 81 ,677, O53 80
A determination to fund will render il neces-
sary to repeal the law allowing payment in
coupons. 1.-THE coupon law be repea led, to
take effect on the LIST of July next, the amount
to be funded should not exceed 81, 200 0O0
The present annual demands upon the treas
ury amount to Ss5l, s2I I6-to which must be
added the interest on 81 200 900, the debt pro-
posed to be funded.
The receipts of the last year, from the
direct tax, were S523O4g g.
And from other sources, 394,7O3 O4
Making S9I7752 II
The new assessment for Baltimore city has
not yet been completed, but a letter from the
Mayor says it will not fall short ofSsO, 600, 900,
which, if correct, will add S25, III ,7S4 TO the
present assessment, and will increase the reye-
nue. So, 929 46.
An increased revenue is expected from the
tax upon the commissions Of trustees, execu-
tors and administrators, as well as from the tax
on lottery tickets
The decrease Of revenue this year, compar-
ed with the last, from the Baltimore and Ohio
Railroad, is $4,000
Baltimore and Su~qucIanna, do, I4,Oou
Tide Water and Susquehanna Canal, do. $3.50
Total decrease for the year, S92950
In future, however, these companies NAV be
relied on for increased revenue, equal at least
to the present decrease.
AS it is possible small deficiency may eX-
ist on some quarter days when interest is paya-
bic, it is recommended that the Treasurer be
empowered to borrow the necessary amount on
pledge of Bank stocks.
The sinking fund now amounts to Sl,5l0,-
92z; and III thirty years will eXtinguslI the
principal of the State debt.
The aggregate amount paid by the State in
aid OF the Chesapeake and Ohio Canal, Balti-
m re and Ohio, andl Baltimore and Susquehan-
ma railroads, and Baltimore and Susquehanna
Canal companies, amounts to 81 ,0SS, 029.67.
The investment in the Baltimore and Ohio
railroad is the only one that has yielded a re-
venue equal to the interest on the investment.
This company is commended to the favorable
consideration Of the Legislature.
The Governor thinks that the appointment
pE 81 g. A. a..
several internal improvement companies will
result in increased revenue to each. He urges
the legislature to regulate their management,
and to adopt -ch tariff Of tolls as to prevent
competition between them, especially the Ca
nal and railroad company, who have the same
western terminus. The latter COMPANY, he
thinks, will be benefited by it, and consequent
ly their assent to such an arrangement could
easily be obtained.
The Treasurer has refused to receive the
States dividend from the Baltimore and ONO
railroad company, in consequence of he dice
tors paying dividend in cash 10 all stUckhol-
ders OF less than fifty shares, and dividend Of
ore per cent, in cash and two per cent. in
bonds, payable 20 years after date, 10 all stock
holders OF more than fifty shares, The sub
leCt is referred to the legislature.
During the pas! fiscal year, 81 $40 only
have been received from the Susguehanna and
Tide Water Canal companies, being the inter-
est on their bonds for 81 90 500 passed TO the
State for arrears of interest. The decrease in
the revenue received from these companies
was in consequence of the damage by fIeshets,
The gross receipts, however, exceeded those
OF last year, and the companies would proba
bly, have met their liabilities to the State but
for tue losses by lreshets.
The liabilities of the Susquehanna aud Tide
Water Canal companies amount to s ,257 ,25O.
The Governor recommends that their bonds
be exchanged for an equal amount of State
bonds, which would lessen the state debt to
the extent Of the amount exchanged
The Baltimore and Susquehanna Railroad
Company has given a construction to certain
! laws in relation To paYmcns Of revenue INTO