Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-13

Total amount of bounty claims due and
Tb rfa"ra S Hgtn of fet1 tbs r@ 70 Io;; ~
the volunteers and the death of Others without heirs
entitled to claim will reduce this aggregate consid
erably.
1t may be stated, as matter of interest that there
has been paid this account since the 30th Of Sep
tember 1865, the sum of S6i22 and that at the
present time the total amouat Of outstanding claims
will not exceed SS0O,000.
, The Treasurer was authorized by the act of 1865,
chapter 3d. to issue bonds Of the State to amount
not exceeding four millions of dollars. In pursuance
OF ITS directions he issued proposals for two millions
OF dollars but bids only to small amount were
made. and at such rates not deemed accepta-
bic. The General Government thirty loan was
then IN the market, and appeared to engage the at
tenu0n OF capitalists to the exclusion of the State
oan because of the higher rate of interest paid and
the fact that the bonds were exempt from taxation.
tie therefore determined to withdraw the States
bonds He afterwards succeeded in negotiating with
the banks temporary loan of $3.50 1851 at six per
csntun interest. It was expressly agreed however.
that at the expiration of nine months from the date
OF the loan. lthe I'd day Of June 1862 the
to be repaid.
For the purpose of enabling tho Treasurer to meet
his engagements with the Banks it is important that
some action be promptly taken. 1t is necessary too,
to provide for the anticipated deficit in the Treasury.
Mlth tins view respectfully recommend that your
honorable body direct the sale of the Baltimore city
and bank stocks held by the State and the State to-
bacco warehouses and wharves all of which may
now be sold upon very favorable terms. The char
acter of the stocks referred to, well their par
value. is shown by the following statement:
Bank stocks held by State ........$ $463 406.66
Bank stocks for use of school
lunu I2D44U.OO
Baltimore city per cent stock
school fund -; 113O58 98
Baltimore city per cent stock.
SINKING gfund............"........... 10i00O.OO
York and Cumberland r. R. bonds, guar
anteed by Baltimore city-school fund. 6050000
Stock of Union Manufacturing Company. 100000
1921 1864
The proceeds of that portion of the stock held for
the of the Sinking and School Funds could be in
vested in the Defence Loan of the State. This would
render the income of the Schools not only perfectly
secure, but stable; and not liable to uctuation it
Is at present.
Should this plan meet with your approval If will af
ford ample means tits believed only for the prompt
redemption OF the temporary loan of the Banks and
for the payment Of other heavy and pressing demands
on the Treasury but will do away with the necessity
for selling States Bonds, and adding to her debt
probably one and half millions Of dollars
There was received during the fiscal year on account
Of the Free Schools Fund, per statement E.. $751;
1928, and exceeds the amount received during the
pFFeEyoGs year by 81 439t The BALANCE at the close
A. which sum added to the receipts of the present
year makes an aggregate of $ll4,55030,
The disbursements on the same account we're S7O,
1866, leaving to the credit of the fund $43 1881
It will also appear from statement "E, that the
balance in the Treasury to the credit of the Sinking
Stock held for the of this Fund, has been can
ceed by the Treasurer as directed by the Act of 1864
chapter S5 The amount and character of the Stocks
now held, is shown by statement IF"
The revenue derived from Licenses &c received
from the Clerk of the Court of Common Pleas and
Clerks of the Circuit Courts, is exhibited by Table
No !, of the Appendix, amounted to $352, Cot. .26,
exceeding the amount received during the previous
year by $50 06 and during the year 1868 by $50
ST. The accession of capital and population not only
to the City of Baltimore but to the counties, war
rants the cone that the revenue from this
will steadily increase.
There has been received from the Register of Wills
for tax commissions Of executors and administra
tors and collateral inheritances the sum of SOL
46S 29 being increase of S5500i compared with
the revenue from the same source last year.
1t is worthy of remark that not of the present
ncumbents of the office of Clerk Register is in de-
fault to the State The promptness too, with which
their returns have been forwarded, and payments
TRe Baltimore and 9ho Road GamuaDv
into the Treasury during the fiscal year 1898 32
being less than was paid during the year 1854 by the
sum of Sl96 639 81. An extra dividend was declared
in that year. This company, however since the close
Of the fiscal year, has made large payments into the
The ability and success with which this important
work has heretofore been managed is still exhibited,
even in greater degree.
| There has been received from the Northern Cen
trail Railroad Company $4,000, the annuity due the
State according to the terms of her mortgage, and
also 1881 50 which had been withheld in the previous
year for the payment of claimed by the State Of
Pennsylvania. The payments have been made quar-
| terly. and with cOmmendable promptness.
The SusqHehanna Canal Company has also paid
$4,000. This sum not equal to the current inte-
rest due from the Company, and cost of exchange
There IT'LL large arrears Of interest unsettled. The
act of 1865 chapter 1885, authorized the Treasurer
| renew the bonds of this Company (Which were due
on the 1st of january 1851 for twenty years with
the principal and interest, at the of six pc,
cent'n, payable In currency upon the payment of all
arrearages OF interest exchange and expenses, be-
fore the lst of July last The Company has totally
failed to comply with this condition The operations
OF this Company have been seriously impeded by the
injuries sustained from the heavy treshes of the as
spring.
During the fiscal year. there was received from the
inspectors of Flour S3157.06 larger sum than wa
received from this source in the year 1864. The
turns OF the inspectors have been properly made and
their transactions with this office satisfactory
The system of Grain Inspectors under the manage
ment of the present efficient officers, is working ad
| mirably, and although revenue has yet been re-
| csived the indications are that considerable sun
| will be paid into the Treasury during the current
4 year.