The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1855-01-06
GDe Cecil l1)bie.
ELKTOE, JANUARY G. 1855.


to William Pinkney Whytc, Esq, Comptrol-
Ter Of the Treasury Department for copy of
his Annual Report to the Governor. We ex-
tract from it, in our local department, some
statistics Of Cecil Finances, and give below
some matters of general interest relative to
the Finances of the S.atc--
The aggregate receipts into the Treasury
for the fiscal year, ended Both of September
1854. was 81 POS, 341 80, which, added to
s345 $3.50, (thc balance in the Treasury
as Of the Both of September, 1882 will
make the total sum in the Treasury during
the fiscal year 81 ,555, 705.l9.
The Public Expenditures during the fiscal
year, ended 30;h September, 1851, were 81
LIS 5Sl. 81, aud the balance in the Treasury
as of the Both of September. 1854, was S3TS,-
1913 9S subject to thepaymcnt of the charges
therein $ atcd, leaving II nett balance appli-
cable to future demands Of SlC9, boil.
THE ESTIMATES.
The estimate Of the probable receipts in
the current fiscal year places The total amorut
expected to be received from all sources at
81 LOB .ll250
The Estimate Of probable demands upon
the Treasury for the current fiscal year. is
fixed by the Comptroller at $3.50, OIL Sc.
THE FUNDS.
There was in the Treasury to the credit of
the Free schools Fund.-" on the 3Oth Sep
cmber. 1858, the sum of $50, SO2G6 The
receipts, on this account, for the fiscal year,
were SIS, oo35.lS, and the expenditures for
the same period amount to SG4,610.0S, Icav-
ing balance to the credit of that fund, as of
10th September, 1854 of S4l 1916.
Among the items of receipts on account of
this fund is the sum Of 50 800, received from
the Farmers Bank Of Maryland, from the re
dnction Of twotiithS on so much of the stock
Of said Bank standing to the credit of the
Treasurer Of the Western Shore, for the use
of Free Schools. This reduction was made,
by virtue and in pursuance of authority de.
rived from the Legislature. by chapter 10 of
the Acts of 1851. The legislature at that
session having made no provision for the
Investment of the proceeds thereof. the Treas.
urcr, with laudablc desire to keep active
this sum. for the purposes for which il was
originally designed: has. with the approba-
ton and concurrence Of the Comptroller, since
the close of the fiscal year. invested this
amount in State of Maryland per cent.
Stock.
There was in the Treasury to the credit of
the Sinking Fund. OH the 30th of September,
1853, the sum of 81 ,ll777; and there was
received during the fiscal year, the sum of
S2S4 ,413.5S, making an aggregate of $3.50
5Sl 30. every dollar of which was disburScd
during the fiscal year in investments, for the
use OF that fund; so that at the close of that
period there was no balance whatever in the
Treasury, standing to the credit of the Fund
On the Both of September, 1858, the Stock
to the credit of the Sinking Fund.
to 50 $40, 7C47l, and on the Both
September. 1854, it had been increased to the
sum of SO, l5S .G37 SO, showing in addition
in the twelve months of S2S7 ,932 80. There
is gain in the amount of Stock so purchas-
ed for this Fund as compared with its par
value, of S2,3ll.47.
DIRECT TAXES.
The receipts from the Direct Tax for the
fiscal year arc 1893 679ll, of which Sl33
- were paid on account of the Direct
Tax for 1854, and 1859 ,S5l.39 were on ac-
count ofprcvious years.
No cXac! comparison Of receipts, from this
source for the last fiscal year. and the year
ended 3Otn September 1858, is Instituted.
because the last mentioned year was COM
posed of but ten months. but it is sufficient to
say that the receipts on this account for the
!wclvc months exceed very little the pay
mcnts for ten months, ended 30,h Septcln.
Der, 1853.
This, however, might have keen anicipat-
cd, because the arrears of past Yeas. which
are collcctablc are speedily decreasing.
1t is sincerely to be hoped, that the present
system of taxation may remain undisturbcd.
The annual revenue Of the State should be
sufficient, not only to discharge its current
liabilities, but to keep its faith high above all
contingencies, which might impair its credit,
and also to add 10 the Sinking Fund by which
so much cf the Public Debt is gradually re-
tined.
The balance due by Cole tors for the years
running from 1871 to 1858, inclusive, is
$3lG, 494.74. The balance in the hands Of
Collectors. for 1851, amount to S226. 92l "a.
Action should also he taken by the Lcgis-
lature in equaizing and regulating the Tax
upon Mutual Fire Insurance Companies. In
some Of the Counties, these Companies are
properly assessed and pay their quota of
taxation; while in others they either pay no
tax upon their Capital OF some inadequate
amount. 10 tillS SUBJECT, however, IL Is pro-
posed. to call the attention of the Legislature
hereafter.
STAMP DUTIES.
The money received from Stamp Duties,
during the fiscal year, amounting to ST.
0lO.92, of which SIT ,Sl4.S7 were received
from the Commissioner Of Stamps, and S23,-
l66.05 from the Clerks of the several Courts.
BY comparison Of the amount received.
during this fiscal year, with the sum received
in the year, ended Both September, 1858,
and in October and November succeeding.
which i'll the aggregate amounted to SOL
450.64, that there is a large excess in favor
of this year, to the amount of 50 .56O2S. In
deed, the payments into the Treasury for this
year are the largest, by far, ever made from
this source of the Public Revenue.
REVENUE FROM CLERKS OF COURTS, ETC.
The Receipts into the Treasury from Sales
of Licenses, Tax Of Plaintiffs, on Commissions
Of Trustees and Receivers, Excess of Officers
Fees, &C., which are received through the
Clerks Of Courts. Commissioner of Stamps,
&C.. during the fiscal year, was $3.50 81 &c,
which exceeds the receipts of the previous
fiscal year. inclusive of October and Novcm-
Der, in the sum of SIS, 589.9l.
Nothing has been received from the late