Weekly national intelligencer., 1847-09-25
THE STATE DEBT OF MARYLAND.

! IHE RESUMPTION THE PAYMENT on INTEREST
We may congratulate the friends of State faith
says the Baltimore Patrio1 upon the Certainty that
the treasury Of Maryland will be moro than able
on the lst of January next, to pay the interest due
on that day on the State debt; and that if there be
no iaithlessaess on the part of the officers charged
with collecting or seeing the taxes collected, will be
able thenceforth promptly to pay all demands on il
as they become due. We are authorized to make
these predictions from the following facts:
AT the last session of the Legislature the Committee
ways and Means made elaborate examination into the
financial condition of the State what were its obligations
what means had been provided to hem and the
means were adequate to that end In able report made
by Mr. Thomas Donaldson the chairman of the committee
was shown that with notifications in the rela
ing to revenue certain that the treasury would be in
ample funds ON the st of January, s4s resume the cash
payment OF interest the debt and that henoeoh would
be able to pay not only that interest," also
the funded of interest," and that there would be
handsome surplus left
On the recommendation of the committee the Legislature
ls That the receipt of coupons payment should
cease on and after the lst of October s47 (nex month";
3D. That all the aearages Of interest then outstanding
should be funded in six per cent. stock.
3D. That the quarters interest the State debt proper,
due on the LIST Of January s4s should be paid that day
in cash.
4h That the interest the funded arearage should be
paid out OF whatever surplus should remain in the treasury
after the interest the debt proper should be discharged
The calculations of the committee establish the
tire ability OF the treasury to do this and the Legislature
ed the law requiring it to be done.
We highly graed be able to say that every es
mate of the committee has been borne out and that
Is not the slightest doubt the full of the great
measure OF resumption We advised from au-
thenc that up few days the receipts into the
treasury had greatly exceeded the estimate of the committee
which estimate, it will be remembered showed surplus
over ffywo thousand dollars year. after paying the nte-
rest on the State debt proper, the interest the funded
rearages and all the expenses of the State Indeed
far have the actual results exceeded the estimates there
almost absolute certainty that the surplus every year will
be hundred thousand dollars which is to lie applied
the redemption of the funded aeaages in the first instance
and thereafter to the reduction of the debt or which is the
same thing to be devoted to the sinking fund.
We that every true of Maryland will be graft
fled to hear of these glorious results and glorious pros
pecs which PROMISE much earlier day than any one ever
before thought Of tine entire freedom of the State from debt
But must not be forgotten that these things have been the
work of Wing Governor and Wing Legislature and that
both necessary to their consummaon. Under the ausp
ces which the coming into power again of the Locofocos
would bring must expect something of the nacon re-
turn of the gloomy influences which brought the State
the ways of reputation under their former rule and which
nothing but the and sesacrfcng efforts of the
Wing Governor the Wing Legislature, and the Wing party
generally could bring her out Of
We avoid all this DANGER we ensure full success to the
great work Of redeeming the State faith by eecng William
I. Godsborough the executive chair of the State With
him as Governor all will be safe If Philip Francis Thomas
is elected who what disasters will not bede Pat