Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1871-01-13


We have received from Comptroller Wool
ford copy Of his Report, for the fiscal year
ending on the s0th Of September last, just
made to Governor Bowie. 1t exhibits . very
healthy and satisfactory condition of the
Treasury of Maryland. We are sorry that
our limited space will not allow US to give
more than brief extract from the report
1t states that
The total receipts into the Treasury from all
sources during the fiscal year ended 30th Sep
TENDER, 1870, amounted to So, 522, 478.93,
which sum- added to the balance in the Treas
ury 30th September, 1862 viz: $445, 340.4l,
makes the entire amount in the Treasury for
the fiscal year So, 967, 8l9.34.
The amount of disbursements during said ifs
cal year amounted in the aggregate to 81, 49,
O69. III, and there remained in the Treasury at
the close of the fiscal year the sum of 1892, $50
IA.
The estimated receipts into the Treasury dur
ing the fiscal year ending 3Oth September, 1871,
will be 81 1897, 800.
The probai lie disbursements during the same
period based on existing laws will amount to
81, 922, $50, showing balance of receipts over
expenditures of STA, $50.
On the 3Oth September, 1869, there remain
ed to the credit of the Free School Fund, the
sum of $2,6l3.92. The receipts during the ifs
cal year ended 3Oth September, 1870, on account
of the same fund, we're $s5, $50 .O2, making in
increase of $23, 49O. 96 over the receipts during
the fiscal year ended 30th September, 1862
The disbursements during the same period, a
| mounted to $8l, SOL SO, leaving a balance to
the credit of the Free School Fund, as Of 3Oth
September, 1870, Of 6,68l.2s. There was re-
ceived during the fiscal year ended 3Oth Sep
TENDER, 1870, the sum Of $50, O06.sl, to the
credit of the Sinking Fund, which is invested
in bonds of the Maryland Defence Loan"
bearing. interest from July lst, 1870, at six per
centuu per annum.
The Following is tho conclusion Of the
Oomptroller's remarks:
The Act of 1870, chapter 362, repeats all ex-
emptions from taxation contained in the char
tiers of Railroad Corporations chartered by this
State and provides for the taxation of the stock
and property, real and personal, Of each and
every such Railroad Company.
| Steps have been taken by this Department to
ascertain how far the provisions Of this Act
can be made effective for the benefit Of the
Treasury.
Notwithstanding the payment of the large
amount Of extraordinary appropriations made
|
State exhibit q healthy status, and l fully ex-
pect to be able to show at the close of the pres
ent fsaal year, q condition of the Treasury
which will justify reduction of the present
| taxation.
l confidently believe that an economical
course on the part of the next Legislature, in
regulating their expenditures, and the passage
of proper laws to enforce the payment of taxes
already due, will enable the Direct Tax to be
repealed. This will be a great relief to the
farming interest, now groaning under the i'm
mense burdens imposed by the General Gov
eminent. The policy Of the Federal Govern
ment, in discriminating against the farming
and producing interests, for the benefit of man
ufacturers and capitalists, is felt, perhaps, more
severely BY the farmers Of Maryland, and the
other Atlantic States than those of the great
West. s,.j
Be this a. it msy, it is certain that. those in
terests are languishing and almost PROSTATE in
this State from its effects.
While the Legislature Of the State can in nc
way interfere to screen our farmers from the
effects Of this policy, yet much can be done, by
an economical administration of State affairs,
and reduction of public expenditures, to free
them from the burdens Of State taxation. No
thing in the power of the State Government
will contribute 20 much to enhance and revive
the farming interests with which the CONNER
cial interests OF the State are also so intimately
connected, as to relieve them from taxation
| BY an economical administration of State and
county affairs. If Maryland can be compare
lively free from taxation, capital will instantly
tseek investment within hDr borders, lands will
increase in value in every part of the State, the
population of the counties will be increased,
labor will be rewarded and Immigration ensce
in consequence, commence will revive, and
general prosperity may be confidently expect
ed in every portion Of our beloved State.
Respectfully submitted,
| LEVIN WOoLFoRD,
| Comptroller of the Treasury.