Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1875-09-24

investments, for which the largest price
is paid. Indeed, its stocks can hardly be
purchased at any reasonable figures, and
wherever offered are seized upon by capi-
talists with the greatest avidity. y ref
erencs to the daily reported stock list will
verify this assertion.
The expenditures of the State govern
ment are being rapidly reduced. Under
the last two years of Radical rule, as COM
pared ith those of the Democrats, the re-
suit -scatly in favor of the latter
~. .Aa. ssssndi-s
lures in 1865 were. 81, TO, 555 53
In 1866 3,390,6l7 So
While under Democratic control
they were in lS7}."............. }, 2S1 OBS 30
And in 2,276, SOC 50
Ofwhich there was invested, un-
der the act of 1861, chapter 90,
and act Of 1872, chapter 415... 10, $50, 90
For Deaf and Dumb Asylum. l25. 600, 90
For Southern Mary land Railway III, 200 90
In alI.......................... $40. So 90
Thus reducing the expenses for
1874 to-. 49,, OH 80
The State debt on the Both OF
September, .sG9, was.......... | , G92, 93S 90
The same stood on the 30th of
September. ls13............,.....l 10, al, ,3l5 Go
Making reduction in four
years 81 SOL l23 36
The State debt has since increased by the
payment for RAILWAYS in Charles, Calvert and
ST. Mary'S counties, under the act of 1868,
chapter 4a4. by the sum of S352, $40 06
1t stood on ihe 3Oih Of September, 1874, (the
last report of the Comptrollerl
ST. ,095, ,0l9 20
Less intelrst-payiug Invest
). ib2, st3 20
Leaving a balance on which in
ierrsi is payable of...............SG, G25 go %
Against this are assets, not productive,
but good to pay this debt eventually,
tamoGntirg TO $22, 122,fil G3. To this
CRAFTY ing statement may be added the
fact that duEin- the present fiscal year,
ending September 80, 1915. all the bonds
issued for the building of the State Nor
NAL School, (now in course Of erection on
Lafayette Square, in Baltimore city,l a
mounting to 100000. and those issued
for the erection Of the State House of Cor
rection, tS2j0.oOOl have been taken for
the sinking fund By the Comptroller and
Treasurer, So that no additional burden
will be put upon the people of the State
tN kElN tNA2pA4- +4s4siEtA va AtstfSt W. tGAits
tant institutions.
In addition to these items purchases
have been made of the bonds Of the State
heretofore outstanding. of about 800, 900.
tor the sinkin. fund. aud the sum Of $780,
600 has been set aside hy the Treasury
officers for the same purpose. making u
total of $3.50 900, dariag tie single gear Of
tS75,-Set apart for the extiuguishment of
so mitch oi the public debt of the State
after leaving an amount III the Treasury
sufficient for the ordinary expenses of the
Government, The large increase OF re-
ceip,s consequent on the passage of the
revenue measures Of 1874, and the recovery
Of part of the amount due to the State
from the Baltimore and Ohio Railway
Company. have produced the results.
The management of the financial opera
tions Of the State under the Democratic
Conservative party is irreproachablc, and
challenging contradiction on this point we
invite investigation from all quarters into
the affairs Of the Treasury. Important
steps have been taken to insure the equali-
zation of taxation, which has heretofore
been so much needed in the State. BY
the revenue measures of the last session,
of which so much ignorance is displayed,
all church property, other than the church
buildings themselves and the parsonages.
are subject TO taxation. as other property.
In fact, all property in this Safe which
has been or can be legitimately reached by
taxation will be made TO contribute 10 the
support of the State and Municipal Gov
ernments.
With the results OF the Revenue laws of
the last session the public may we'll be
satisfied, in spite of the carpings of the
misinformed; and the increase of the re-
venue thus produced will afford an oppor-
tunity to the Legislature at its next session
to reduce its present taxes. The citizens
of the State will remember that the Demo
cratic Legislature of 1872 repealed the
direct tax, and that since that time no di-
rect State tar has been imposed on the people
for the support Of the State Government.
No State taxes are now levied except
for the support of our admirable public
school system and the payment of the in
terest on the public debt. The revenue
from licenses to foreign insurance com
panies has been more than doubled in the
past few years. The amount received from
traders and retailers and other lisenses,
of the State, are now not only sufficient to
the support of the State Government, but
contribute in part to the payment of the
interest OF the public debt.
No truthful man who chooses to inform
himself can hesitate to say that the condi-
ton OF the State Treasury is as healthful
as it is possible for it to be.
The same feeling of satisfaction can be
INDUCED in after a brief examination of
the affairs of the Chesapeake and Ohio
Canal Company, for whose management
the Democratic party is now held respon-
sible. That it may be most plainly un-
derstood, a statement of its receipts and
expenditures from 1865 to 1874, inclusive
exhibits it under the various administra-
tions by which it has been controlled dur
ing that period:
1865, '66......Gross Revenue was S726, 5sl ~
Gross expenditures 54l, 1856 81
Net revenue........ SlS5, ,224 So
1867, '69......Gross revenue..... SG72, ,59s 81
Gross expenditures 1924 Sc
Net revenue......... Sl50,674 2G
lS69......e....Gross revenue...... S3SS, ,694 10
Expenditures ...... 263, ,l70 %
Net revenuc........ 1925, 1928 lG
1870, 'Il......GrosS revenue...... SS52, ,903 50
Expenditures. ........ 4GO, 756 10
Net revenue........ $392, l47 40