Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1858-01-14
which sum s12e,224 7s was surplus revenue revenue

transferred tit; - aE3r aat 5H5t 53SsHi@ u
The whole amount of the receipts were inves-f
ted for the use of this fund. s D 5'.e''''at'&e
| At the close of the preceding fiscal year the
sinking fund amounted to $5,676065 3S, and
it was increased during the yearly the purchase
of stock amounting to $30S,734 go to $4,014,4
77O %. But ST., ,493 83 of six per cent. stock
created by chapter $50, of 1885, was Cancelled
in the year, and this sum being deducted, leaves
the sinking. fund on the 3Oth September, 1885,
$3,997, ,276 A, being a net increase Of .$321,-
211 % during the fiscal year. 81, ssg,t tsl.-.FI
The sum of 1921 1856 Is only was expended
I'm the purchase of stock; amounting to $338,-f
704 80, thus saving to the State 81 I 1868 17.ft
| The control and management OF the sinking
fund is by law entrusted to the treasurer, and
its prosperous condition demonstrates the pru-,
dence, faithfuness and ability Of the distng gush-.
ed gentleman to whom this responsible trust is,
at present confded and affords unquestienable
evidence that it could not be committed to more
|skillful and experienced hands. $50. ~ ~,
The States capital and credit of the 3Oth Or
September, 1857, amount in the aggregate to-
$22, ,45O,67O 20; of which, however, only ST.,
O58,964 "a are rated as productive 1F sd
The funded debts contracted by the State as
of sOth of September, 1851, amounts to $l4,-;
|919,967 SO. ,t-.. .,lt4e..,.,, ,...5.fs:.., T,.
The total increase upon the assessment OF,
1856 is small, being, only $G42, 429.. In Ralti-
more city there is a decrease, as compared with
the preceding year, of s., ,803, ,9S7. l'59sf %
DIRECT, TAXES. - = ,f...5..
The receipts for direct taxes in the fiscal year,
were S233, 1908 OF, of which $91,513 20 acerl-a
ed in 1857, and ,789 80 were paid on ac1.
connt of taxes which accrued in previous years.
By comparison of these receipts with the
receipts on the same account for the preceding
year, they viii be found less than those Of 1866.
by the sum Of $97 ,291 40; of which diminutIn
1913, ,588 48 appears in the receipts of direct tax
accrued in 1857; and $73,702 92 in those on
account of tax which accrued prior to that year
This result may be attributed in some meal
sure to the reduction made in 1856, full force
effect of which could not be experienced until
the succeeding year, a considerable portion Of
the receipts in 1856 being at the rate of 15,cts.
ready remarked, that the direct taxes in arrcaTss
at the higher per c8lt. existing before the sete-,
raj reductions were made are rapidly diminish
ing, and the receipts, on this account for former
years, are in like manner lessened.i ii 2aasqoaf,
The decrease in the receipts from direct tax
which accrued in 1857,ais doubtless owing TO
thy fxs; -1es,s = erssu, ze--
past year unfortunately been involved. It is4at
gratifying consciousness however, that this fi-t
nancal arrangement has not in the slightestde+e
gree impaired, or even embarrassed the credit of
Maryland, and, with the exercise Of ordinary
prudence, it may. be safely assumed that her,
faith is unassailable e......,, - -
In the Comptroller's report to the Governor for
the preceding fiscal year, it was stated that the
Legislature, at it's session in 1856, had exempt
ed several mutual insurance companies from all,
taxation. The policy Of these exemptions may
well be doubted; they are made a ground of
complaint on the part Of the people, who rea--,
sonably expect that every portion of the COM
munity should fairly contribute, in accordance,
with its ability, to sustain the burdens of the,
State. - 81 IT, f..r..fs -
The law passed in 1856, requiring the publ,
cation of officers in default to the State, was
complied with, but no appropriation having
been made in anticipation Of the expense to be
incurred in its execution, the immediate passage.
Of an act making the requisite appropriation is
respectfully recommended. - ~ ,.,f,.s .
The law referred to has caused much addition
al labor in this office, but it has PROFESSIONALLY
REVENUE FROM CLERKS OF COURTS, ETC.
The amount of receipts into the treasury dur
ing the fiscal year from licenses taxes on pain-.s
tiffs, on civil commissions, on commissions Of
trustees and receivers, from fines, and excess of
officers fees, make an aggregate OF $262 l80, 11,t
which exceeds the receipts derived from the
same source in 1856 to the extent of $7.O03 35.
In this comparison the revenue arising from
stamps duties is excluded. sa. 81 aff9W III
! The license act, passed in 1856, has largely
increased the revenue, and the increase would
have been from $25, 900 to $50, 600 greater but
for the reduction of the lowest grade of: traders
license from $I2 to So, i4i1i.4sai ssW 4sjs
In the report which the Comptroller had the
! honor to submit to the Governor in the preeea-,
ing fiscal year, the fact was mentioned that this
new license law imposes no penalty for its vio-t
lation, and although those of former laws have
been decided by the courts to apply, yet tho
rates of licenses in many instances having been,
altered it would seem to be necessary that the
penalties should be made to conform thereto!
The difference which the law designed to make,
between the retal liquor license, Tor the license,
to sell in quantities not less than a pint, andf
the ordinary license, fthe license to- sell in quai
titles less than r,int,} in many portions of the
State is practically disregarded, the stose-keeper
and shop-keeper, without protesting to open, set
up, or keep an Aordinary, : apply for and re-'
ceve the ordinary license. ysreH an .7vsT II
The preliminary oath required of 1.-The appli-1
cant for license, by the act Of 1856, lis a most
excellent provision, but great inconveniencei
would be saved persons living remote from the,
clerks office if the law should be so amended as
to allow the oath to be administered by Justice
of the peace. siea24 81. u
The recommendation of my predecessor, that
authority be given the Comptrellerto substitute
stomp for his signature upon licenses furnish:
ed the clerks by this Office is hereby renewed
By such progisien the interestaof, the State
could not possibly suffer, and much useless Ia
Dor would be dispensed with. atei - s3fsea z,st
It's gratifying to bear testimony to the prompts
ness and efficiency manifested by the clerks of