The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-02-28


From the direct and income tax. ....". 47S0o0 90
from the stamp tax. ............... 10000 90
$0a7 4sS 90
Deducting the demands upon the
Treasury a. above, amounting to-. s50,s7a ID
And there would remain balance OF $76,9sl 81
Independently the which remained in the trsa
sury on the LIST Of December, 1885, which, deducting
hereom the amount due to the tobacco and other funds
was Slos, 257.
Should the proposed at the present session.
Tor the augmentation of the revenue, be adopted the
committee think that the total receipts into the treasury
for succeeding years. will not fall short Of $3.50 900
and the annual surplus, after paying the interest
upon the present funded debt and the expenses Of the
government will be nearly hundred thousand dol.
lars.
II estimated that the interest which will be arrear
On the FIRST day of July next up to, and inclusive of
which, il is proposed to fund, will much, if any, ex
Deed twelve hundred thousand dollars and If So the
additional annual charge upon the treasury will still
leave u.s. at the end Of every year, in possession Of
ssurpIus.
Tho sinking fund.- the Arst day of December, ls4s
amounted to sI4l9ll 3d. having been increased in the
course Of the preceding fiscal year, sla5 .soAso.
The entire public debt of the State, this time in.
GLIDING the bonds held by the Baltimore and Ohio Rail-
Deduct Bsi:is ore and ohio railroad bonds,
amounting 10 32OOOOO %
By investing the accommodations Of the sinking fund
semtannusy this debt may be extinguished in about
hirty five years.
The State of Maryland has invested largo sums Of
money in various companies the construc
ton Of roads and canals. In the Baltimore and Ohio
Railroad Company she Independently ofthe three
millions hundred thousand dolIsrs) stock to the
amount Of one million and fifty thousand dollars upon
which there paid Into the treasury last year. for d.
vidends and the States onefth of the passage money
SEQ 600 49, being upwards Of eight per cent on the in
vestment
Tho State also hold the bonds Of the Susquehanna and
Tide Water Canal Companies for ST. 1872 $780, upon which
thera received last year for interest the sum Of
saeoo; and she holds the bonds Of the Bal
more and susquehanna Railroad Company 81 o4s 49,
upon which there paid year for interest $40 600
In addition these stocks and bonds more or less pro-
ducuve the State Is the owner Of bank stock to the
smonn. Of $slo sSS &c. and other productive stock,
The whole of her productive stocks and secu.
rites may be stated thus
Baltimore and Ohio Railroad stock. oso 900 GO
Bonds Of the su.quehanna and Tide Water
Bonds Of the Baltimore and susaaeianna ''1''0 "
Aailroad Company. ...... l.8s4.045 IS
Making. "a s7, sol s5
From the report ofhe directors the part Of the State
in the Baltimore and susquehanna Railroad Company il
appears that the annual from that work will be
augmented fem twenty thousand to upwards Of eighty
Thousand dollars, provided which has already
received the sanction Of House of Delegates shall be-
come law
The susquehanna and Tide Water Canal Com anss
is believed will be able to pay regularly the fu /
Of the interest the debt by the State
for their benefit; and So tho Chesapeake and Ohio Ca
nal 10 the only work in which this State has deep inter-
which not afordng material assistance the
venue.
The State holds ofthe stocks and bonds OF this compa
n.y. Tor subscription and looms under various acts Of As
And here il due for interest. ass ts Is
Making together the sum Of. ...... .$oaas.Iss 10
sale Of the bank stocks and other securities belong
Ing to the State 10 recommended, and to apply the pro-
reeds and all claims due the State 40 collected to the
ment u the certificates to be issued for the funded in
erest. The committee have reported bill providing
hat the commissioner of loans upon the presentations
coupons outstanding issue certificates therefore
bearing interest They also designate the first day of
next for the resumption of the of inter.
vt on the public debt Of the State.
According to the message ofthe late Governor Of Louisi
ma appears that bonds and coupons Of interest Of the
sbt proper for the State. to the amount Of oa
which have been paid settled by the Treasurer under
he act providing for the adjustnsn and liquidation Of
hs debts proper Of the State, have bsen cancelled
bonds to the amount Of $4,000. issued to the Me.
hancs Traders Bank for stock. and bonds issued to
Bank Of Louisiana for stock amounting 10 $602 o0o
ave been adjusted but not received or cancelled
cnds and coupons Of int rest issued by the State in f.
or Of the Union and Cizsns banks and the Consolidated
of Planters and Planters and Citizens to the
mount Of Ss7loios &c. have also been cancelled The
anks Of Louisiana rapidly extnguishng the bonds
sued by the State, to enable them to raise their
d iAl.
On the slst December Last there a surplus In cash
$sasooo In the treasury. aftsr having paid the
sordinay expenses incurred for the State Convention
mounting to nearly 100000 The State debt In round
pmbsu may be stated st $500 600, for which bonds
been issued payable from the year lsas to 1879,
ID bearing interest at and per cent The cash and
her assets in the treasury, and the land fund of the
ate. would at once extinguish this debt.
The delinquent States rapidly resuming payment
their public debts and placing their finances in good
ndtion. There are now only four delinquent States
Territories 10 tho Union, which not in fair way
o speedy resumption.
Old Stock Exchange.
5" y n City s, iuo ~ ,::h. Ma Trust TX