The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-01-20
ANNUAL REPORT OF THE COMPTROLLER
OF TIE TREASURY FOR THE FISCAL
YEAR ENDED SEPTEMBER 80, 1853, TO
THE GOVERNOR OF MARYLAND.
TREASURY DEPARTMENT.

CONTROLLERS OFFICE, I
January 10th, 1859.
To the Governor of Maryland:
Ihe following report is submitted in compliance
with the requirement of the Act of Assembly OF
1907, chapter 56, section l, and exhibits a COM
plete statement of the funds and revenues of the
State, and of the public expenditures during the
fiscal year ending on the 30th September, 1855 spe
clhes the amount derivabe and received from each
source ot revenue, and the purpose for which each
expenditure was made; and shows the name resi-
dence and official character of the persons from
whom any arrearages may be due, with the amount
so due from each defaulter.
RECEIPTS.
Statement A shows the total receipts into the
treasury during the fiscal year to have been ST.
019,22S 95.
There remained in the Treasury on the 30th of
September, 1857, S7ls,477 80, which added to the
receipts OF the year make aggregate in the Treas
ury for the fiscal year of 81 ,737 ,7O6 27.
BY an examination of Statement it will an
pear that of the receipts in 1858, the sum of S546
O3l. SO was received for the revenue which accrued
in that year, and Sl73, sc was received on ac-
count of former years.
A comparison of the total receipts in the fiscal
year 1858, with those of the preceding year, shows
an excess in favor of 1857 to the amount of S265.
416.45, but the sum of S275 % was received in
1857, in liquidation of the States claim against the
Federal Government, and is of course not to be in
ciuded with the regular revenues in the Treasury
therefore, deducting this sum from the receipts Of
1857, the difference between the receipts of the two
years is reduced $50, 9,70622.
The falling off in the receipts from the Baltimore
and Ohio Railroad, and the Susquehanna and It'd,
W Water Canal Companies is the principal cause O
TINS difference, as will hereinafter more fully ap
pear.
Statement B exhibits the disbursements in the fs
cal year, which amounted to S1,295, ,59s. .26. Thi
| Statement also shows the balance in the Treasur,
at the close OF the fiscal year to have been SAP
vi, SUBJECT to the payment of certain charges there
IN stated, leaving net remainder of Sl3s, 94 tt
| nd tn trft RI a,
| Statement G is an estimate of the nrobabla re
ceipts into the Treasury in the current fiscal wear
lending Sept 3Oth, 1881 which are therein place,
| at the sum of 81 ,049. 500.
! Statement ID will be found to contain an estimat
| OF the probable demands upon the Treasury duript
the current fiscal year, the total of which is Sc
| down at S995.S94.
Stdtement E is an account of the funds, to wit
| the Free School Fund and Sinking Fund
| A reference to this statement will show the re
celpts IN the hscal year, on account of the Free
School Fund, to have been S74, ,264 40 Of these re
ceipts the sum of S24 ,306.04 was received in nav
nent OF the twenty cents tax on the capital of thu
| banks So, 1922 from dividends on bank stock
| $3.50. l6 from State per cent. stock; S34 O69 81
from surplus revenue; 81, 900 surplus transferred
the appropriation for the education of the INDECENT
bind, and S3,646.52 interest on the investment
made by the Treasurer in obedience to the act O
Assembly of 1858, chapter 295.
sum OF S2O, 1887 63 remained in the Treasury O,
the Both of September, 1858, to the credit of th
sald lund winch, added to the receipts of the wear
make an aggregate of S95, ,252.03.
The disbursement on the same account for the
same period, were S7l,3S425; and deducting tn,
expenditures from the aggregate there will appear
to the credit othe Free School Fund.- as of the 3Otl
OF September, 1858, S23, ,867.76.
That portion of the School Fund which consist
| of Bank Stock and Cash belonging to the Countie
| is exhibited in Statement G.
The Act of Assembly of 1858, chapter 295, befor
| alluded to, authorized and directed the Treasure
tha of a. I.l.
| amount received from the General Government i,
| 1901, on account of interest upon the money ad
! vanced by this State to the United States dtrine
the last war with England, in the bonds of thi
State, or, in his discretion, in some safe and profit
| able stock or Stocks fund or funds" In pursuance
OF this law the Treasurer purchased, at cost of 81
per cent, S60,500 of York and Cumberland Rail
road per cent. coupon bonds, the interest upo1
which is payable semi annually on the first of Jan
uary and July; at 934 per cent. S55 24O 30 of Bal
tlmore City per cent. Water Stock, the interes
upon which is payable semi-annually on the first @
November and May; and at AZ per cent. S57 ,Sls
oo OF Baltimore City per cent stock, interes
payable semi-annually on the first of January an,
the first of July. This investment it is believe
will prove a safe and productive one. The actor
of the Legislatures of 1925 and 1853 in thus en-
! couraging common schools is worthy of approba
ton; but if the State had given in sonobe cause
the a1hole amount received from the Federal Gov
| ernment it would have been impossible for her t
have devoted it to a wiser purpose. Resolution IS
OF 1873, appears to have contemplated the estab
| lishment of system of Common Free Schools an
| it should be a of regret to every patriot
citizen of Maryla that good an object has bee
so long delayed.
Works of Internal Improvement are necessary
develope the energy and industry of State bu
every permanent advancement of Free peopl
must have its foundation laid in an educated an,
enlightened constituency. Should system of Con
mon Schools be established in the present SCUM,
and reliable condition of the States finances a POI
th 8.
annually invested for the use of schools and tn
interest upon it distributed to the counties and th
city OF Baltimore on such basis as to the Genera
Assembly might seem just and proper. Thus
| the course of years, without additional taxation
! fund might be accumulated which, added to tha
| already existing, would be the pride and glory {
the State, and a lasting benefit and blessing to he
| people.
the fiscal year, which ended the Both of September
| 1885, are manifested in Statement E, and appear t
have been S225, ,047.54; of which amount the sum
S2O5 I35O5 was the interest upon the stock held BY
| the State for the use and increment of the saiC
| fund, and Sl9,3l2.49 was surplus revenue trans
terred in accordance with section l, chapter 360 q
the acts of Assembly of 1858. The of 800, ,4574
of these aggregate receipts disbursed and invest
ed for the use of the fund; leaving uninvested ant
| to its credit Sl34, ,590.05.
| The Sinking Fund, at the close of the preceding
fiscal year, amounted 81, ,997 276.44, and it wa
increased during the year just closed to the o
| s., %, ,273.77.
| Statement + shows the character and amount O
the stocks held by the Sinking Fund as of the 30t
| of September, 1858, and also the character anC
amount purchased for the of the Sinking Fun,
from the 3Oth of September 1858.
1t will be observed that the purchase of stock fo
the Sinking Fund, has not been as extensive as i
| preceding years; this is owing to the scarcity c
the stocks of the State in Market and the Treasure
has found it absolutely impossible to purchase to an
considerable extent, notwithstanding he has author
izpH tha nfa f,ot Al
high compliment to the credit of the State has bee
unfavorable to the augmentation of the Sinkin
! Fund.
Statement G exhibits the items and the several ag
gregate amounts, constituting the several fund
| therein mentioned as of the 30th of September
| 1858.
Statement II shows the assessed value of the res
and personal property in this State, with tn
amount of levy made thereon for the year 1885, B
this 1t will be seen that the aggregate of a.
sessments in the State amounts to S255, Al, ,5SS a
increase, compared with the preceding year,
| S3,7S2.7 .79S.
Baltimore city, under act passed at the la:
session OF the Legislature, is about to complete
new assessment within her limits which will pre-
badly show large increase of both real and pei
sonal property and especially of the latter. Shou
| our present tax laws remain in force, equity wi
shortly require a new assessment for the entir
State.
An account of the Estates Capital and Credits
as of the 3Oth of September, 1858, will be found
Statement 1, from which it appears that they amour
in the aggregate to 500, ,S84, 1924, of which onl
SS,O42, 20 are productive.
, StGtementJ j is an account of the Funded Debt {
the State, as of the 30th September, 1858, whic
appears to have been SD, ,S62, ,5lO.26.
DIRECT TAXES.
Table No. l, Of the Appendix, upon examinatio
will show that the receipts for Direct Taxes in th
fiscal year were S245, ,2l5.99, of which amount S98
1880 accrued in 1858, and Sl46,422.4 were re
ceived on account of previous years. By a con
| pCFth thnr attNts Il.
tied in this Table, in connection with Statement L
with the receipts on the same account in the prec
ding year, an increase will be observed in the la
fiscal year amounting to Sll ,9l2.97, of which 81
2S0.35 accrued in 1858.
This is gratifying result. and is attributable
the general faithfulness of the Collectors, and ais
to the relief which the taxpayers have experience
from the financial difficulties to which allusion
made in the COmptrollers Report to the Legisl
ture for the year 1857.
REVENUE FROM CLERKS OF COURTS.
Table No. contains an account of the receipt
on various accounts, from Clerks of Courts durn
the fiscal year. Deducting the amount of receip
for excess of fees, ST ,643.33, (Which were not r.
ceived from clerks, the total receipts from the.
officers are found to have been S27S S.530.55.
1857 the total receipts from Clerks S256 o.
showing difference of S22,Qls.46 in favor of 1856
but Sl2 604. ii were received in the latter year
account Of revenue which accrued before that yea
and in 1857 the sum of S662.3S only was receive
for revenue which accrued in previous years; cons
quently the revenue which accrued and was receive
from Clerks in 1858, exceeded that which accrue
and was received in 1857, by the sum of $40 096 4
The Clerk of the Court of Common Pleas of Ba
tlmore City paid into the Treasury during the fisc
year the large sum of Sl73, ,S40.59, the whole
which except 81 $40 43 was on account of License
1t is only just to say that this officer has dschar
ed his responsible trust faithfully and punctualy.
The whole amount received for Licenses in IL
fiscal year 1858 is S264, 1896, which shows an i
crease compared with the preceding year of SIS
&. md horh haa,,