Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1869-01-22
THE FINANCES OF MARYLAND.
Annual Report OF the Comptroller

THE FINANCES OF MAkYLANU.
' Annual Report OF the Comptroller.
We have received q copy of the Annual
Report of the Hon. William J. Leonard.
Comptroller of the Treasury of Maryland.
made to Governor Bowie on ks,sssump-
ton of the duties of his gubernatorial
term. We give below all the main facts
set forth in the report:
RECEIPTS
The total receipts into the Treasury from
all sources during the fiscal year ended Sep
tember 80, 1868, amounted to "a, 135, 405 Is,
to which sum add the balance in the Treasury
Sept. 80, 1867, $156.83S, and the aggregate
will be $4,292,248 Is.
DISBURSEMENTS.
The disbursements during the fiscal year
amounted to So. 800 692 "A, and the balance
remaining in the Treasury Sept. 80, 1868.
was S482,551 OIL.
The probable receipts iuto the Treasury
during the fiscal year ending September 80,
1869, are estimated at $2,O00,O00, and the
probable disbursements during the same Pc
riod at s., ,267 900, leaving deficit of $267,-
900, which will be more than covered by the
surplus in the Treasury at the close OF the last
fiscal year.
THE "rtNDs."
There remained in the Treasury on the S0th
.Saptamtak- -iS67. TO the credit Of tbs .free
school fund, = 81, 1866 06, andthe receipts du-
ring the fiscal year ended September 30th,
1868, on account of said fund, amounted to
SIC, 712, making an aggregate Of ,678 O6.
The disbursements during the same period a.
mount to $67,14 -1S, leaving balance of
$12,5s4 90 to the credit Of the ''fund."-
There has been an increase of this fund over
1867 Of $14, ,938 SO. derived chiefly from the
transfer of $4,000 appropriations to the
credit of the INDECENT blind.
Only two national banks, viz: the Western
National Bank Of Baltimore aud the First Ma
tional Bank Of Frostburg, have paid the 20
cents tax on the one hundred dollars of their
capital stock. In obedience to resolution No.
4, and chapter 239 of 1868, made demand
on all the Irrational banks of the State" and
on their refusal or failure to pay the tax, ]
have requested the Attorney General to insti-
tute such proceedings as will bring the mat
ter to an issue and definitely settle the ques-
ton.
Statement "F'' exhibits the items and ag-
gregate amount constituting the several funds
invested for the use of aud belonging to the
'.free school fund.-" held for the several coun-
ties enumerated, amounting to $315,370 OIL,
less the sum of $8.487 IA, to the credit Of
the "indgent blind"
This statement also exhibits the investments
for the "sinking fund.-" which amount to 81, ;
591,5O9 II, of which sum $363.387 Al has
been invested in the defense loan" under the
provisions Of chapter 235, of 1868.
A statement shows the amount realized
from the sale of stocks held by the State, and
the amount of dividends received on bank and
railroad stocks duriug the past fiscal year.
OYSTERS.
Statement "a" exhibits the entire receipts
aud disbursements on account of the "oystel
fund" since the passage of chapter 333, o
1864, and the amendments thereto, shows the
balance standing to the credit of this fund tG
be- $123,294 93.
Chapter 4O6, of 1868, provides for armins
and equipping "poce force" to be con.
stantly cruising in the waters of the State fol
the protection Of this Interest. Under thi.
act al ''lTOu SCc3uleC HAS UCetl CUutfdCltu
Is in process of construction, and should long
since have been completed. The commandel
of this force has labored under great disad.
vaptages, but is sanguine of success when a
float 10 the steamer belonging to the State
1t is an experiment the utility Of which time
alone can solve. The law is imperfect, ant
future Legislatures will find it necessary t.
amend it 10 many particulars. confess tina
have little faith in the success of the enter
prise, believing the expenses will absorb al
the receipts.
PUBLIC DEBT AND STATES CAPITAL d CREDIT
The aggregate of loans upon which interes
has to be provided is $11.712.190 As, ant
the various assets of the State are:
Stocks and bonds of various
companies upon which inte-
rest and dividends are paid $5,558,9 OF
Unproductive stocks & bonds, 19,088,21 81
Indebtedness Of corporations
and accounting officers, 1,5lS,706 81
To which add the amount due
the sinking fund, 1881 500 Z
Total assets as an Offset to the
debt, $27 7,752,4O5 3
This debt has been increased within th
last fiscal year by the sale of the bonds of th
"defense loan" under chapter 235 of 1858, il
%ha .pco oe a. n0A 01o M ond daerao cad h,