The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-01-07

S0th November. 1882, at ST. o00 and adding S4si.
$50 the balance Of the preceding year the aggregate
Of the year viii be sl734 $50 3d. from which
deduetipg disbursements for ordinary expenses $500
600 and for interest," $685. 600 amounting Ia the VIII ,e
to $500 0Oe, and there will remain In the treasury on
the LIST December 1852, $s72s3o &c. The same result
wthan annual balance constantly increasing In amount
will follow for all future ears Ii viii thus be that
1875 ooo at least may be safely appropriated to the
annual pay ment Of the main debt while a balance will
always remain on hand, than sufficient to cover
any unforeseen contingency. That amount, together
with the increase of the sinking fund regularly Ia.
vested, will estDsuish the entire public debt in thr
teen years from the lst day of December, 1851.
upto the LIST OF last October the funded interest had
increased to $S7s7S9 49, leaving is supposed bat
small amount If any Of coupons aud certificates yet
unfunded Besides the payment during the last fiscal
year. Of the Interest upon this and upon the main
debt a became due, there has also been purchased
redeemed and cancelled $3.50 lis SO of the interest
bonds thereby reducing the debt that account on
the lst Of December, 1si9, to $6la 62l OF.
The interest Of the State of Maryland In the Bati-
and Ohio Railroad exclusive of the three millions
Of sterling bonds, consists of the annexed items
subscription to capital Of the compsny $500 600
DO to the Washington branch augmented. =. $50 600
Augmented stock by dividend OF u.s. IT'S shares II 500
Do. do. do. '49, 25S do. $500
Total. 81 ,093, 800
During the fiscal year Of the treasury ending the
thirteth of November 1913, there received from
the Washington branch, for captaton tax on pa.sen
gers $45Ss4 49, and for semi annual dividends Ss475O
making together $40 634 rs and for the fiscal year
ending the thirtieth Of November lSa9 for cspts
t!on tax passengers s52Oia H. and for semi annual
dividends $a3 600, amounting to Ss5 Ole IT, being an
increase over the preceding year Of S14,Ss4 90.
IT.. Stl,a
susquehanna Railroad Company, consist Of
Subscriptions to the capital stock Of the
Loan as preferred creditor. 100. iss4OiS 20
Preferred claim for interest paid over and
above amount received from the company s629H 40
Iotsl .sss.s. s..s...s. .SZei69S6 90
The interest due from this company to the State
amounts, annually, to $1l2035 g. Daring the fiscal
year of the treasury ending the thrtieth OF No
vember, 1s4s there received, from this source
$50 0o0 and In the course Of the year just expired
SIS co., less in the by 500 os5 g. and in the
other by only O35 O. than the total interest accru-
ing during the same periods In consequence Of the
heavy expenditures Of the Baltimore and Susquehsn-
nah Railroad Company for repairs So, is probable
that the payments into the State treasury during the
present year will not be large; but the Governor has
abiding confidence in the ability of the company TO
and maintain the payment OF the entire nte-
rect annually due upon the obligations OF the State
The States investments In the Sus luehannah and
Tide Water Canal Companies, are for sterling loan
preferred creditor. 81 900 600 90
Preferred bonds Of the company for arrears
Arrears OF interest unfunded. ......... 70,S90 VI
Total. 81, 252 500 Oh
The amount annually due upon the sterling loan and
funded interest varies with the coet Of exchange and
rsutance for the fiscal year ding the thrtieth
Of November ls4s 500 925 for the year just
closed soc $50 making total Of sl33 ATS; while for
the foimer year there paid to the State $40 00o
and for the latter SOL $50 equal together to Ss $50
being the interest due for the two years
Of SsO15 This balance has been carried to the credit
Of the OF unfunded interest which reduces 1t
from 70s9o OIL to s62,3l5 Of. The revenue of this
company is steadily increasing having risen from SAL
5ss 81 in $780, to S13sl3 05 in Is4s At this rate of
Increase the company will soon be able to pay thu
current interest on its debt and the embsr-
easements under which II has so long labored.
OF all the public works In which the State Of Mary
land IL interested, the Chesapeake and Ohio Canal
Company, appears to have been the greatest burden
upon the treasury, and enc Involving the largest
amount Of State liabilities The interest Of the State
In that work consists Of
Invettmsnts preferred stockholder 1922 900 90
Do preferred creditor and stockholder 572 68o CO
Preferred CLAIM, Tor interest paid .'3646 e43 rs
Total. ............... $40 $4,000 Al
From the above statement 1t appears that the
State has embarked her capital and credit to Ia
fntey greater extent In this than In any other work
Of internal Improvement and IL the whish has
hitherto Attended upon its management Is to be
gsdcd the best indication Of its future utility there
IL reason to fear that without essential change Of
sy,tem the hopes and which the people
Of Maryland have been taught t. cherish in reference
to the fruits Of this enterprise not doomed to per-
petuai dssppontuent, are ct least ao 20 be inde-
bnitsly deferred.
A reeatitulstion Of the amounts invested By the
State In the different works Of internal improvement
presents the annexed result
FVrLic IMPROVEMENTS or M,RrLAsp-lSrERrsr o rHe
Srars.
Baltimore aud Ohio Railroad. 81 093 400 90
Baltimore and susq uehagra Railroad 9&6 $50 60
Susquehsrna and tide Water Canal. 1882 $50 oil
Chesapeake and Ohio Canal. .......,.. 1880 6lo Al
.Stolto,so III
The aggregate debt Of the State the 3)th Of Sep.
tember ast mounted to si61oiSl3 a. only 50, o26 80
than the sum inverted by tbs State In the above
public works. The Governor reviews at great
the rice aud progress Of the Chesspeske and OhiS
CsDsL sDd arrives the conclusion that 10 IL likely 10
be for long time, dead weight upon the treasury Of
the state
knVERTISENE,Jy RENEWED EVERY nay,