The New York herald., 1850-01-04

. 81
The condition of the treasury win not permit the
immediate payment Of this overdue debt; and 1t is,
therefore suggested that Ave per cent loan
empt from taxation for the necessary amount be made
for its REDEEM pton. The sinking fund last year re-
deemed S227 62s 0l OF the public debt and II 10 esms.
ted that the payments into that fund for the pur-
pose for the year ending New 90 1850 will amount to
$37l ooo. This will provide for portion Of the over
due debt and reduce the necessary to be raised
by new loan 1t Is estimated that $IS049oO0 Of the
debt Of Pennsyvana held in this country leaving
balance Of about s2 900 in the hands Of foreigners
The Governor estimates that the payment the inte-
rest Of the public debt in par money and the adoption
Of system to extisguish eventually the State debt
must bring their par value the stocks Of the
wealth. and therefore increase their marketable value
about six millions Of dollars third Of which own
citizens will have the benefit Of and ore
IL Is recommended by the Governor, that
Of existing sources from which the sinking fund Is
supplied whatever balance may at the close Of any and
every n,cal year be in the treasury be t
ferred to the commissioners of the sinking fund for
the redemption Of the State debt.
According to the annual report Of the Treasurer OF
Maryland for the fiscal year ended the first Of De-
cember ls<s It sppesrs that the receipts iuto the
Treasury for that year amounted to 81 10o0,5T2 29'
which added to the Of $32s 400 46 the balance
revenue fer the year then ended, 81 52eo7i rs The
disbursements for the time amounted TO 81 o3l
l2s a. leaving bslaree the first OF December 1sss
Of $sl5 Gas 81 besides the Of s5b 6s2 IL due and
outstanding in the hands Of collectors for that aud
former years. The siahius fund at the same period
amounted to Sl,Ts65l2 IL. The Trsasurer's annual
rpcrt for the hscal year ended the hrs Of Deccm
ber 1s4g presents meet satisfactory exhibit OF the
finances Of the State. During the year then closed
there received 81 4Se So which with the bal
Of the former year ss15s45 81 made the
of the year 1e3l 1856 H. The disbursements
for the period, were for ordinary EXPENSE si7O
s7 sS for interest the public debt s7l5555 g sai
for the redemption of the funded interest, s200ls s
amounting in tn. whole TO 81 LAG 4s2 lG and Iearns
balance In the treasury the fret Of December i,ls
Of s4siso2 %, while there was also due froa t.S so
lectors in the several counties, s55lssS CO. The IN
cess In the receipts Of the last the preceding yer
was ssiis SCI 5i in the dlsburseen,s slsssss fs .ni
In the balance at the end Of the year slos p 81 of
the total revenue received during the fiscal yssr az,
ended Al of66.l 2I accrued for that year and s2is
7es SO for taxes of other yearr The snkax faa1
on the first q December 1879 amounted to sisoa5s7
81 being addition TO its capital, within twelve
mouths q slc6 025 AZ. On the S0th September last
the entire debt oi the state amounted to a.
In eore', Of which 81 las sO at Eve per cent interest
vas made rsdeemsbe st the pleasure Of the state a.
any time afor the year ls4s; 100000 four and half
psr cent after 1896 Tsl7 30 Eve per cent after 1851
so coo ak per cent, after ls5i $4,000 ave per cent
after 1855 $500 Eve per cent after 1852 50 900 900
ok per cent aer ls5i SIS 900 sir per cent asrIsss;
siS5 5Oi SO Eve per cent sterling portion Of whi,A
has been converted uto currency after 1890; $500
three per cent after 1890; ss4ssss % six per cent
after lt'o and 81 o'2o29 81 six cent at pleasure