The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1872-01-20
State finante.
The Conptroller's Report


The Hon. Levin woalfard, Comp,rollsr Of
the Treasury, has submitted to The General
Assembly his report for the fiscal year ending
September 30, ISL, Of which the following is
ayRoPsis;
RECEIPTS.
The total receipts into the Treasury from
al sources during the iscal year ended aqth
september ISL, amounted To s., G72, g9S IS
which sam. added to the balance in he Treas'
ury 5Vih September, lS1a, viz: S49g, $50. Il.
makes the entire amount 10 the Treasurv for
Tue hscaI year 81, l6S, 1895. OF this the sun
q ~ COL was raised frnm the sale Of stock In
the baltimore and Ohio Railroad, under the
aes o. Assemoly oiJanuary session. $50, chap
Ter 20 and the SUN of sg4. 1851. OG wa. d.
rived from the investment of the increment of
Tue " Sinking Fund" in the Maryland Defence
Lean, under the act Of Assembly. passed Al
January session, ls6s. chapter ?S5; leaving
Tue ordinary receipts Tor the fiscal year TO 4.
moan, to 500, GsO,l2, being larger than the
receipts trom ordinary sources for the fiscal
year ISL by the sum OF SIS, Oss. o.
DISBURSEMENTS.
The total disbursements during The ssc,I
year amounted to S2,7lS, 502 rs. OF This a
mount the sum Of s6lG, 23s &C was for the re-
demption OF the State stock falling dn, after
1870, leaving the disbursements for ordinary
purposes to be s20gI, 2e3. 49, being less than
the disbursements for ordinary purposes du
ring the fiscal year 1870 by the sum Of $780,
400 IS, and less than those for the same mr.
poses for the fiscal year 1869 by the sam Of
$T9f, 5G3. q. "
The details appear at large in Statement
priations. 'Ds @fP'o'
The balance in the Treasury at the end Of
ne hseal year, 1871. was SlS2. $40. 90. ofwhich
A
the stock Of the Baltimore and Ohio RaIirasd
Sonlpsny, and Is applicable only 10 the re-
compton OF the State debt falling due afler
the year 1870; leaving the sum 4 $500 TO3 as
applicable to the ordinary requirements Of the
KsrMArEs.
The probable receipts during the current
s US year me CGmp,roller estimates at ST.
s-S,POo, which added 10 the balaare In 10
Treasury on Sci tember 80, 1871, 1880 T0s. al
wui make S2,Jl4, 6054 IS applicable to ordinary
expenses. The estimated disbursements dur-
ing The same year will be 81 .957 500 being in
excess Of prtbasle receipts by the SUN Of sqg,-
SoV' ana reducing the estimated balance ia the
Treasury at The cad Of the present 6scal vs.r
TO the sum Of $3.50, 1903 IS.
ihe Comptroller calls the attention OF the
GENERAL Assembly u the necessity of economv
an us expenses and appropriations. and sng.
Gess the proPriety Of additional Legislation 10
eniaFee Tie eolleetioa af taxes the payment
"nefeoi mas heretofore been eFaded.
rHE SCHOOL AIS sisxrso ruxps.
me receipts on aceosat Of the Free School
Fund during the fiscal year ending SENECA
Der W, 1871, were So, 55l. "a, which, added 10
se,eoL. %, the balance remaining To the credit
ism sne saia 'and at the e@se Of the fiscal year
Aoav, make an aggregate 0fs9i, 2i7.g2
Tue disbursements during the SANE narioa
anouhtea to 81 OIL. 40, leaving balance 10
the credit OF the " Free Schsd pgn5 " -,
TENDER 50, 1871. Of s20, 1856. %, Of which al
Anee toe sum Of sle,7 62. IA is to the credit of
the INDECENT hllad. "
The amount 10 the erad;. ,r a. d. s;l.
Fund" September 80, 1871, was s9i ss7 S6
wuien sum Is Invested iu the " MARYLAND be-
iehee Loan" The Comptroller reeommend.
me repeal Of the act Of 1868, ehaster 235 sec.
tien :. oy which the Accommodations Of the
alnk.ng tund' are invested, and the enact
the Sinking Fund 10 be used in ths nur.
shSse o. tho existing debt Of the State AZ bar.
sAe also recommends the canceIlinp n iii
ponds OF the State held by the '.sinkinT Fund
Inc sinking FUND.- would then be left 10
consist oil the stock Of tie oity OF Baltimore.
~ xiss; "a "a tae name Of The State, amounting
70 elo3, ooO, and the surplus revenue provided
oy lay Tor The augmentation OF the fund.
"oYsrEE rusp."
~ NgH ai9ln licenses and oyster fnes
during the fiscal year were 81. l3s 9G. which
added TO the balance standing 10 the credit az
inc oyster Fund" as Of S0th September,
Asi0- makes the aggregate 10 the credit of the
1888, '''' ~ 0e S--''-
The expenditures during the as al year a.
mounted to 23,675 %, leaving A balance Ia
ihe credit Of the "0yster Fund, as az soth
september, ISL, Of sos, 5Ss.2l. or the aboys
expenditures 81, 1886 was for salaries and
expenses of the Oyster Police Force and
balance Tor repairs. construction and iHciden-
suit. N'~ "
The gross receipts from mi. ,ource dre;,g
,ne Isess year were larger than those of 1870,
out less than those OF 1896 aud 1863. while the
ny receipts during the last iscal rear are less
tha az those Of 1860 BY the SUN Of S27 100. 80
me oyster interest Is very heavily taxed IN
yer existing laws, and the tongsmen In partic-
e,ei On account OF their poverty and the pre-
cNious nature Of their employment are euti-
1eo 70 me leniency and COMMUNICATION Of the
Senetai Assembly. | therefore recommend
l ,i INC license 70 catch oysters with tongs be
Under The existing law no provision /, made
ot 5ny soatement in the cost Of the license to
1reage lot oysters where the time for such
dredging has partially expired, but il the IL
cease required only for one monib, the full
price OF three dollars per ton must be paid.
suggest that provision ought to De made
Iof iraeupnal licenses to dredgc foe oysters,
anu .nal Az such licenses be made to expire on
the fifteenth day Of May.
suggest also that provision should be made
70 render licenses to dredge transferable, as
"tnef licenses, upon sale and transfer of the
vessel, upon the purchaser exhibiting said
iraEs'sr n writing, duly witnessed, to the
comptroller or one Of his clerks aud taking
une oa,n required by law, and having tue same
entered on said license.
Tas STATES INVESTMENTS
The stocks owned by the State designated
az productive" amount to 81, ,5I4.57. =
Inc chesapeake and Ohio Canal Company /,
indebted 10 the Stale for stock subscribad. nd.
vaRees made, bonds Of the Company and inter.
est dns, IN the large SUN Of $lg, $50 1919.
After referring to the immense advantages
mat nave accrued to one section Of the State
ey the completion Of this work, and the heavy
burden Of taxation that il has imposed upon
the Nneie state, the Comptroller recommends
tax Of five cents per ton be laid on the trans.
porlatou Of all coal mined in this State
TaE PASSENGER TAX.
The Comptroller launches into the old rain.
road controversy, and recommends that the
charter Of the Baltimore and Potomac Rail.
road be so amended as to compel that corpora
ton 10 pay 10 the State the one fifth of lis 70.
eeiPts Ter passenger fares between Baltimore
and Washington, thereby putting the Compa.
ny on an equality with the Baltimore and Ohio
Company. No aliusion Is made to the decision
Of the Courts as to the right OF the State TO
impose such tax.
THE STARR DEBT.
Upon the subject Of the State debt tho
Comptroller says.
The funded debt OF the State, as shown by
statement -" amounts in the aggregate to
the sum q Sl2s AZ, IlS.6s on which the inter-