The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1875-01-29

The annual report of Comptroller Wool.
ford, setting forth the operations of the
Treasury Department of Maryland for the
fiscal year ending September 80, 1874, shows
that the total receipts from all sources amount
to $2, 357, 205.72, which added to the balance
in the Treasury on Sep. 80, 1953--S484 $40 80
made the aggregate amount in the Treas
ury during the fiscal year So ,842 ,012.94 De-
Quoting the sums received from the sales of
the Deafand Dumb Asylum loan-$125, 900
and from the Defense loan-$269, G0750-the
receipts from ordinary sources were 81 $685.
G05,22, which is in excess of the amount re-
ceived in any one year since one-fifth of the
receipts from passengers on the Washington
Branch of the Baltimore and Ohio road
ceased to be paid
The disbursements for the year were $2,21G-
90G.35, leaving balance in the Treasury of
$685. 06.50. The probable receipts into the
Treasury for the current fiscal year are put
at g. 413,539.2S or, excluding loans authoriz.
cd to be effected, $2,053, 53928.
The total amount which the Treasury will
have during the current year including the
balance at the end of the fiscal year 1874, is
estimated at two million, nine hundred and
seventy eight thousand, six hundred and
forty-tive dollars and scvcnty-scyen cents.
The estimated expenditures for the same pc.
l1Ou aTe put at SS,UoU,4uU.U
The cash balance in the Sinking Fund on
the Both Of September, 1874, was $55 450 06.
Since then the further sum of 44540. 90 has
been transferred to the Sinking Fund from the
Treasury, and the whole amount, 100000,
applied to absorption Of the State Normal
School loan, which loan is thus placed to the
Sinking Fund. The Comptroller also expects
during the current year to pass to the credit
OF the Sinking Fund an amount equal to the
entire proceeds derived from the sale of the
House of Correction loan, absorbing that
loan also; thus wisely and prudently limi-
ting the outstanding loans aud simplifying
the debt statement.
The total amount of the public debt of the
State at the close of the fiscal year, was Sill
095,019.40, against which the State holds
available assets to the extent of $4409, 1885,
&c, leaving only the sum of $6.G25,236.23 on
which interest has to be provided for by a di-
rect charge on the Treasury. On the po-
sition of the State in respect to the present
and future prospects of the Chesapeake and
Ohio Canal, the Comptroller reports that the
sum Of $308,S50 has been paid by the canal
company in 1874 in liquidation of the over
due coupons on the preferred bonds. OF this
amount 1857 ,925 was derived from the rev.
enne of the company during the year. The
still out standing coupons overdue, amount
to $1,376,595, but it is estimated that if the
same rate of annual payment is kept up they
will all be liquidated by the list ofJuly, 1882
and that the Treasury will then, if not CARL.
or, begin to receive the benefit of the in,
vestments made so many years ago by the
State.
The success of the new revenue law in
the increased receipts of State taxes on tho
stock of incorporate institutions is made
manifest by the following figures In 1877
the amount received from this source was
ST,S6S.17. In 1874 including payments in
advance and some $4,000 due and as yet un
paid, sum up in the aggregate Sl54, 1926, OF
Sif,0S0. IS in excess Of 1873.