The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-10-02


"a. iSs 4es rs; for isA7. Sa.s7o.so4 So, increase
| S7l4,4Os on. equal to thirty-thrss per cent.
The whole surplus for the fiscal year, appica-
bic to the public works. is 81 ,0eO .o04 g. The sum
Of 1851 900 of this surplus was 10 appropriated
by laws of the last session, leaving an excess Of
$659, 900, which may be appropriated at the pre-
sent session. Of the net revenue from tolls,
81, $50, 900 must be applied to the sinking fund
providing for the extinguishment Of the public
debt, according to the new constitution.
PENNSYLVANIA
| The debt of this State at the close OF the last
fiscal year, November 80, 1876, was $40, 7S9 SIT;
the revenue for the year, $3,529, O57, and
the expenditures S3,524,2 64, leaving a balance
of only $4,79S The net revenue from tolls on the
public works of the State, in lS45, was $493, 249,
and in 1916, $3.50, 522. II lie estimated that the net
income from the canals tor the fiscal year END
ing November 80, l847, will be 81, 0O0, 900, show
ing an increase Of about $400,O 600 on last year
The tolls from December /, l848, to September l,
lS47, were $l,2ll 1873, against $847, POP for the
corresponding period the previous year, showing
al increase in the gross receipts for nine months
in l847, of 1894, Ill. This addition to the reve-
nue. of the State, will plac the treasury in very
prosperous condition, and put the payment of the
interest on the debt beyond contingency. It is
estimated that there will be in the hands of the
State Treasurer, on the LIST of February, ls4s
the day when the next semi-annual interest be-
comes due, surplus over and above that pay
ment of full half million of dollars.
MARYLAND.
The debt OF this State, at the close of the
last fiscal year. December l, l648, was $l5,-
O3s.o3O, the revenue for the year $9l7, 752, and
the expenditures Ss73, s2l, leaving balance
Of S43,93l. This State is among the delin-
quents, and the expenditures of course do not
| include any payments of interest. A resumption
of the payment of interest takes place on the LIST
Of January, 1848. There will be funds enough
| in the hands of the State Treasurer dt that time
to meet the payment then due, and there is no
doubt but that thenceforth the payments will
| be made promptly and in full. The resumption
bill passed at the last session of the legislature,
provided that the receipt of coupons in payment
of taxes should cease on and after the LIST Of Oc
tober, lS47, (next month";; that all the arrearages
of interest then outstanding shouldb be funded in
six per cent stock I; that the quarters interest
on the State debt proper, due on the LIST Of Janu-
airy, ls4s, should be paid ON that day in cash
and that the interest on the funded arrearages
should be paid out of whatever surplus should
remain in the treasury, after the interest on the
debt proper should be discharged.
The receipts into the treasury of this State
during the past year have greatly exceeded the
estimates made before the resumption bill be-
came law, as extravagant as those estimates ap
peared at the time. An annual surplus of more
than one hundred thousand dollars, after paying
the interest the State debt proper, the inte-
rest on the funded arrearages and all the current
expenses of the State is anticipated, which will
be applied to the redemption of the funded arrear-
ages, and after, to the reduction of the debt.
OHIO.
The debt OF this State at the close OF the
| last fiscal year-Nov. Is, l646-was $40, 246,-
O02, the revenue for the year $2,Osl 1884, and the
expenditures $2,038, OF, leaving balance Of
| 1857. The income Of the canals is included
In this revenue. The revenue of the canals s
especially appropriated to the payment of the an
| nual interest on the foreign debt, to which is
added the State mill tax all real estate. In
! 1916 the net income from tolls on the canals was
1896, 1886, against $466, $50 the preceding year.
The receipts and expenditures for three quarters
Of the present fiscal year, ending Aug Is, I847,
and the estimates for the last quarter, were as
follow
Taxes collected. 81, 202.s7e os
Canal tolls collsoted Recommendation. 653.4o4 IS
Taxes paid by the banks for months. -. IL e64 II
Turnpike and canal dividends. ........ 22,974 "a
loaned to COUNTIES. ........ $4,000 60
quarters. 81, $50 ZOE 40
sent quarter. .. 800 ~ 100000 90
A ter. .r. 1870. 5000 90
LIST November. ............. $4,000 oc
| ofls47 50 l0s 100 &c
Amount Of expenditures. ......... 1887 ,226 90