The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-01-06
ANNUAL REPOR +
ANNUAL REPORT
r. III E @ O mi p r. R O T. I.ER
TREASURY DEPARTMENT.
THE
FISCAL YEAR ENDED BOTH SEPTEMBER, 1859.
GENERAL ASSEMBLY OF MARYLAND
TREASURY DEPARTMENT, !
Comptroller's Office. Dec. 27th. 1859. [

| TREASURY DEPARTMENT, !
Comptroller's Office, Dec. 9th, 1859. !
To the General Assembly Of Maryland:
The following Report is respectfully submitted in
accordance with the requirements of the Constitu-
tion and Laws:
Statement A, of the Appendix, shows the total
receipts into the Treasury during the fiscal year
which ended on the 30th Of September, 1859, to
have been Sl,200, ,552.77, which added to the sum
remaining In the Treasury on the 3Oth OF Septem-
Der, 1858, makes the aggregate for the year, ST.,
642,66O7S. of the receipts in the fiscal year,
1859, the sum of S99l ,S69.66 was derived from
revenue which accrued in that year, and S20S, ,6S3
II was received from revenue which accrued in
former years.
A comparison of the receipts in 1859, with those
OF the preceding year, shows an increase
dS5S in the total receipts, to the amount of $751;,
5Z3o2, and an increase, in favor of the year,
OF Sl45, ,S3S.27 on account of revenue accrued and
received.
Statement exhibits the disbursements in the
hscal year. which amounted to 81, ,l29, 1863 g. being
less by the of S7l 1873. Is than the total receipts
for the same time. This statement will also show
the balance IN the Treasury on the s0th Of Sepem-
Der, 1859, from which it appears to have been
S5l3, 3,29l.l6; but it must be borne in mind that this
Dalance was subject to certain charges, the greater
part OF which became due and paid the
first day of the current fiscal year. amounting in
the aggregate to S292, ,854.73, which, being deduct
ed, leaves net remainder of S220, ,43643, to be
applied to the augmentation of the sinking fund,
and other demands of the State.
Statement is estimate of the probable re-
ceipts into the Treasury during the current fiscal
year lending on the 30th of September, lS60,)
which are therein estimated at the sum of 81 ,0S5,-
900. This estimate is of course based upon the ex-
lsting revenue laws.
Statement ID contains estimate of the probable
demands upon the Treasury in the current fiscal
year, which in the aggregate are set down at
S974, 4,694. This statement includes only the regu-
lar expenses of the State Government; no margin
being allowed for extra special appropria-
tions
DIRECT TAX.
Table No. l, of the Appendix, will show upon ex-
animation that the receipts from the Direct Tax in
the fiscal year were S247, 1858 II, being an increase
OF 81, CAT. l8 as compared with the receipts from
the same source in 1858. OF the receipts on this
account for 1859, the of $50 269 81 was derived
from the amount levied in that year. and S14S $685.
50 accrued in previous years. Of the amount re-
ceived into the Treasury from Direct Tax during
the year, Baltimore city paid S9s, ,386.O3. The
assessed value of the property of the city, as
returned to the Comptroller's Office under the Act
OF Assembly of 1858, amounts to 1925, ,800,472,
which is an increase of S30, 244 SS9 compared with
the assessment of 1852.
1t so late in the fiscal year before the assess
ment was completed that but few payments were
made into the State Treasury, in accordance with
the new taxable basis afforded by it; consequently
the returns from the city on this account appear
very much the same as in the Comptroller's Report
for 1858.
The attention of the Legislature is respectfully
S'''NS
its present session for assessment OF property
in the counties. The increase shown by the late as
sessment of the city of Baltimore gives satisfactory
assurance of the beneficial result of such measure
for the State at large.
Since the general assessment of 1852 there have
been extensive accumulations of personal property,
much of which the tax laws have failed to reach; a
large proportion of the description has also,
during that period changed hands, has been stricken
from the tax books, and from its nature being diff
cult to trace, considerable amount has never been
reinstated; in this way escaping taxation altogether
to the manifest Justice of that class of property
which is of fixed and tangible character; and thus
is contravened article l3 of the Deca ration of
Rights, that, paupers excepted, 'every person in
the State, or persons holding property therein,
ought to contribute his portion of the public taxes
for the support of Government according to his
tual worth in real personal property" Time
serves only to increase and aggravate this grev-
ance.
That the basis of taxation would be materially
enlarged by a assessment no more convincing
argument, perhaps, could be used than that adduced
by the simple presentation of condensed statement
of the valuation and assessment of property in the
several counties of the State and the city of Bati
more, made in obedience to chapter 337 of 1882