The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-01-20
state finantr.
The ComptrOller's Report.


The Hon. Levin woolFord, Comptroller Of
the Treasury, has submitted to the General
Assembly bis report far The fiscal year ending
ssPts'nbsr 30. 1871, Of which the following is
synopsis;
RECEIPTS.
The total receipts into the Treasury from
AZ s9arces dhrisg the 6scal year ended 39th
September, ISL, amounted to s., s72.ggs rs
"hieh sum. added to the balance in the Treas.
nry SOth September, iS7e, viz: S4g2. ESQ. II
makes the entire amount IN the Treasury for
the hscal year 50, les, 1895. OF this the SUN
yIe9. teol was raised from the sale OF stock in
The baltimore and Ohio Railroad, under m .
act OF Assembly ofJanuary session. lsTO. chan.
ter 20 aud the sum Of S9l, 367 06 was de-
rived from the investment of the inerarnent ~
the sinking Fund" in the Maryland Defence
LOAN Under the act Of Assembly. passed Al
january session, ls6s, chapter ass; leaving
tne orathary receipts Tor the fiscal year to a.
mount To $3.50. y, being larger than the
receipts from ordinary sources for tha fiscal
year 1871 By the sum Of SIS, Oss 0.
DIsbuasgaEsrs.
The total disbursements during tho ssc.l
year amounted 10 S2.7ls, 502. IS. OF this a.
mount the sum Of S6le, 23S S. was for Inc re-
demption OF The State stock falling due aflsr
1870, leaving the disbursements for ordinary
purposes to be S2,097, 80, being less than
w uisonsselnents TOR ordinary purposes du
ring the fiscal year 1870 by the sum Of $3.50
4u9,i1, and less than those for the same mr.
S79T, 5G994. nv sun VI
The details appear at large in Statement
"ith tho several laws making the appro-
Inc balance in the Treasury at the end Of
me hscal year, 1871, was Sfs2. 2I6. 90. ofWbieh
the SUN of SCI ,5l3.45 arises from the salo If
INC stock OF the Baltimore and Ohio Railroad
compsny, and Is applicable only 10 he 81
demption OF the State debt falling due ag,sr
the year 1870; leaving the sum II s3gO Tos, as
Treasury. " sue
Tho probable receipts during Tho currs,,
fiscal year the Comptroller esti,ns,e, y, 81
yzS,soo, which added TO the balance in ~
Treasury on Sci tember 80. 1871. $3.50 70s III
wul make s.. 3li sos. IS applicable 10 ordinary
expenses. The estimated disbursements dus-
ing TIE same year will be 81 PSI, 500 being in
s ~ O prsas'le receipts BY the sum Of Sa3.
ovV' ana reducing The estimated balance in no
Treasury At die oad of the present 6seal war
10 the sum Of $3.50, lO3 As -"
Tue comptroller calls the attention of the
GENERAL Assembly 70 The necessity Of eenno,nv
IN us expenses EIa appropriations. and sqg.
sests tue proPriety Of additional legislation 10
sii"ree n'e collection Of taxes the payment
hnereoi has heretofore been evaded.
rHE SCHOOL Ass stsKfSd FrSps.
Inc receipts on accosht Of the Free School
una dnring tho fiscal year ending Seniem.
e. er s'' dsfi, we're ss4,5sl.sI, which, added 10
~ ~. 20. 80, 'ne balance remaining to the credit
o. tne SAID fund at the elaye Of the fiscal ,asr
As.y, make an aggregate of ssl, 2I2.sg.
Aae disbursements during the same rarioa
amounted 70 81, OLA leaving a balanc. i,
she credit Of the " Free Schaai Fand - San.
temoer 50, 1871, of $40, 1916. %, Of which III.
the indigent blind. "
The amount 10 the credit az a. " s;ot;ns
fand, September SO. 1871, was s9i. 2s5 10,
wnlch sum IS invested 10 the =" MarvIaad M
fence Loan" The Compty -iler recommend.
me repeal OF the act Of 1868, ehaBter s3s see-
's Su =: oy which the Accommodations OF the
sinking Fund are Invested. and he e,,e,.
ment AZ law authorizing The aeerr,;oas ~
tne sinking Fund" to be used in the nnr.
ehAse o. the existing debt Of the State Al bar.
sc also recommends the canceIling n Iii
ponds o., Of the State held By the '.Sinking Fund"
Inc /" Sinking Fund.- would then De len 10
e sa. o. the stock Of tke oity Of Baltimore,
standing ~ the name of the State. amonnting
20 sl54,550 and the surplus revepuo ptov;ds1
" iAw ior The augmentation Of the fund.
"oYsrER Fuxp."
The reeetpk from license. and ov.,.r sn.,
during the fiscal year were ST., 1856. 90 which
added 70 the balance standing to the credit OF
the Oyster Fund.- rs of 3Oib sentemhar
is.O makes the aggregate to the credit Of ne
sasd iund during tho fscal year to be S22T,-
Ihe expenditure daring the Hs,a year a.
mounted to S2S,G75. 20, leaving a balance IA
ihe credit Of the "oyster Fuad," as Of sotb
September, 1871. Of S203, $50. "a. OF The abovs
expenditures S21,557.55 was for salaries and
expenses OF the ''Oyster Police Force. !" and
balance ior repairs, construction and inclden-
tais' including the SUN Of s2gl.l4 for costs Of
The gross receipts from mi. .ourcs daring
,he nscsa year were larger than those Of 1870.
out less than those VI lsGJ and 1869, while Inc
ne' receipts during the last fiscal wear are less
'pa 20 those OF 1866 by the sum Of SCI, 100. 30.
ne oyster interest Is very heavily taxed un.
VT e1ls.ng laws, and the tongsmen 10 pariic-
ular on account Of their poverty and the pre-
earions nature Of their eBploymept are enti-
t,eo 70 the leniency aud COMMUNICATION of the
Senerai Assembly. | therefore recommend
sna. .ne license 10 catch oysters with tongs be
undcr The existing law no provision is made
$500 snatement IN the cost OF the license TO
e'eeEe ior oysters where the time for such
aredginR has partially expired, but il the IL
cease Is required only for one montb the full
price OF three dollars per ton must be paid.
suggest that provision ought to be made
Ior 'raeuonal licenses 10 dredge foe oyster &,
the fifteenth day May.
suggest also that provision should be made
20 render licenses to dredge transferable. AZ
-thef licenses, upon sale and transfer of the
Vessel, upon the purchaser exhibiting said
transier Ia writing, duly witnessed, 10 the
1omp.solier Or one Of his clerks and taking
the oatn required BY law, and having the same
entered on said license.
rHE srArk's isvEsrMESrs.
Tho stocks owned by the state designated
"a productive" amount to Sl,694. 5l1.5T.-
Inc chesapeake and Ohio Canal Company 4
indebted 10 the State for stock subscribed. adj
vaHces made, bonds Of the Company and inter
est due, in the large sum Of SIS, $50, 1878
Alter referring to the immense advantages
That have accrued to one section Of the State
py the completion Of this work, and the heav,
burden o. taxation that il has imposed upor
the Whole State, the COMPTROLLER reeoninends
a tar Of five cents per ton be laid on Tie trans
porsation Of all coal mined in this State.
TIE PAssKsoEa TAX.
The Comptroller launches into the oid rail.
road controversy, and recommends that the
charter OF the Baltimore and Potomac Rail.
road be SO amended as "a. o0mpel that corpora.
ton 10 pay 10 the State the one-tiftb of IL re.
ceiPts Ter passenger fires between Baltimore
ana washington, thereby putting the Compa-
ny on an equality with the Baltimore and Ohio
Company No allusion Is made to the decision
OF the Courts as to the right OF the State to
impose such tax.
TIRE STATE DEBT.
Upon the subject Of the State debt the
Comptroller says.
The funded debt Of the State, as shown by
statement ~. amounts in the aggregate to
the sum : T 81, 426. es on which the inter
est Is 70 be paid. " this sun S5,gsa. 44s.A Is
sterling debt, on which tho interest Is payable
in London in gYld and silver. The State has
available assets in entirely reliable stocks to
equal amount OF the funded debt, leaving S.
.7s on which tho 10 tsrest must be pro-
sided BY taxation. A large amount OF indebt-
sdnf<s 70 The State on the part Of various com