New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-11
GOVERNOP LIGONS MESSAGE.

The Message of Gov. Lyon represents the finances
Of MARYLAND in spite of the unfortunate character Of
some Of her Investments in satisfactory condition.
Notwithstanding the repeal Of the Stamp tax at the
last session of the Legislature and the reduction OF the
direct tax to One-haf its former amount, the total
receipts into the Treasury for the last year have
amounted to 81 1891, 705, including however, sum OF
s2577O received from the United States for arrears OF
interest on moneys advanced during the War OF lS2
The disbursement We been 81 PSI l6i, including
1868 $50 toward the sxtingushmen of the public debt
There remained in the Treasury September 80, 1897,
44O3O OH aud there were due from sheriffs and col
Iectors outstanding taxes to the amount OF S5l55SS
The amount of revenue received from direct taxation
was 1898, 3O3 from licenses $252,273; from special
faxes sl20 900, and from other sources, including
internal improvements S352'6l6
The public debt nominally amounted at the close OF
the fiscal year to $li9l9,9S But OF tins amount tour
nHions within fraction, belongs to the sinking iund
and il invested in State bonds the interest OF which,
amounting in 1851 TO $4,000 is appropriated as fast
a. it accrues to investments OF the same SORT be-
side which the fund is annually increased by the
transfer to it of surplus revenuein 1897 to the extent
of $l26. 22i-au operation under winch the whole dsDt
is in the way Of speedy exngushment'
OF this debt, the interest on s32OO,OO is no charge
on the State, being paid by the Baltimore and ONO
Railroad Company. The interest Of the State in this
road exclusive of the above debt amounts to $685. 6O2
of stock in the main stem, and bond of $4,000,
which investment paid last year six per cent, and
$3.50 900 stock in the Washington branch which paid
last wear nine per cent beside an additional sum OF
$40 O3S being one fifth of the passenger receipts over
that branch. This road has proved from the COM
menoement q profitable investment, and promises to
continue So though for prudential reasons, the Direct
ors passed the October dividend.
Very different has been the with the Chesa-
teake and Ohio Canal, of which the history con-
iinues to be marked with disasters. The State has
sunk in this work AZ 900 loaned in bonds, and
a5lCi 72i of stock subscribed beside arrears OF in
due from the canal to the State of about seven
millions more being upward of fourteen millions in
AL There are claims upon the canal having prefer
ence TO those OF the State to the amount of four mil
Lions no that the prospect of ever realizing any
thing from ii appears probenatca For considerable
portion of two years past owing to thoughts freshes
the destruction of dams, land slides and the difficulty
Of raising money for repairs the canal has been pope.
raye and it still continues to be 50. The Legislature
a, its last session had chance to sell the States in
teres in il for a million of dollars; and should such
un opportunity occur again, the Governor strongly
urges its acceptance.
The State Is interested Ia tue NoitHon Nenlral tall
way Company, extending from Baltimore to Sudbury
in Pennsylvania to which place it is expected to be
completed in June next, 10 the extent of l,3OOO
upon which the Company undertakes to pay an an
uuity Of 800, 900, hitherto punctualy met
The interest on another million OF the puOhc deo
should be paid by the Tide Water Canal Company
amounting with charges to So 49,; but on TN
amour, the Company have made default this yea
10 the amount of $4,000 The State holds oihe
stocks which produce an annual revenue Of siOOOo'
The amount Of interest paid exclusive OF receipt
from the Improvement companies, but including IN
payment on tie stocks held by the Sinking Fund
Is SJ'3Oig. Ii is noticeable fact thai while Penn
syvania and Maryland, which long labored unde
sued severe financial embarrassments, are now easy
and paying of their debts and reducing their tax
ation, Newiork, which went 50 long tax-fTee Twin