The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1875-01-16
CONTROLLERS REPORT.

land, Levin Woolford, has published the
annual Report of the finances of the State
for the fiscal year ending September 30th,
1874, by which it appears the total receipts
into the Treasury from all sources for the
fiscal year amounted to 50, 357, 202.72 and
| the balance in the Treasury 3Oth Septem-
Der, 1873, was $4S4, S10.22, making the
aggregate amount in the Treasury during
the fiscal year 2,s42, O12.94.
OF the amount received during the fiscal
year, Sl23, 900 was on account of the sale
of the Deaf and Dumb Asylum loan, and
the sum of SOS, 697 so was received from
the sale of $26l 200 Maryland Defence loan.
issued by the Treasurer. under the act of
1868. These two items add $3.50, 900 to the
debt Of the State, which leave the receipts
from ordinary sources during the fiscal year
1874 to be 81. 963. 605.22. This sum is larger
than the amount received from the same
sources in 1878 by the sum of $40, ESQ &c.
and exceeds the amount received from ordi-
nary sources in any year since the Baltl-
more & Ohio Railroad Company ceased pay
ing the one fifth of the receipts from pas
sengers on the Washington Branch
DISBURSEMENTS.
The total disbursements for the fiscal year
amounted to 81 21G 936 81. OF this aygre-
gate, the sum of Sll0, e32 was invested for
the Maryland Agricultural College; the
sum Of $l35 600 was paid to the proper
Officers of the Deaf and Dumb Asylum at
Frederick, and the sum of Sill 600 was
paid for Southern Maryland railroads. leav.
ing the amount dsbursed for the ordinary
expenses of the State Government to be
S1.930, 074 so.
The balance in the Treasury at the close
of the fiscal year was 1865, 106 50.
The estimates for the current fiscal year
are So. 0j3 500, to which are to be added
1860 600 to be raised from the sale of bonds,
for the State Normal School and House of
Correction.
FREE SCHOOL. FUND.
The receipts on account of Free School
fund during the fiscal year, have been ST.
SS3 o. which added to the balance stand
ing to the credit of said fund as of 30th
September, 1874, viz: Sl4, 2a0. 0S, make an
aggregate of $50 l03 25
The disbursements on the same account
were &14 343. 60. leaving a balance standing
to the credit of the Free S, hool fund Of as
i0lh September. 1874, amounting to the
sum of $il, 100 So.
800. 900 have been added to the sinking
fnnd, during the year which offsets the loan
for the State Normal School, and Comp
troller Woolford expects to be able during
the year to pass to the sinking fund a sum
sufficient to balance the amount of the loan
for the proposed new House of Correction
100000
Receipts on account Of the oyster fund
were 500, $50.
STATE DEET.
49, 81, Il
the State at the close of the fiscal year was
$1l,09J, 019. 40. OF this, $5.4l6, Al a is
sterling debt, on which the interest is pay
able in coin III London.
1t will be seen by the Report that the
''Defense Loan is Il most convenient
source to apply to for lalsing money for
almost any purpose. For building rail
roads in the counties of st. Mary's. Charles
and Calvert $3.50. $50 have lie N paid during
the year, and the Comptroller adds:
But no bonds have been issued for that
purpose, as authorized by that act, the
Treasurer, under the advice OF the Comp
troller, declining to multiply the series of
loans, and preferring TO issue bonds of the
Defense Loan to the amount absolutely
necessary to make such payments as au-
thorzed by the act of 1868. The extraor-
binary expenses of last session of the Gen
eral Assembly, and the large appropriations
made at that session, made it necessary fo
the Treasurer to issue seGl 900 under this
act, in order to reimburse the Treasury IN
time to provide for the payment Of the
interest on the public debt.
By the and of this convenient Defense
Loan y the Treasurer was enabled to add
S261 900 to the State debt to replenish the
Treasury enptied by the Democratic Leg
isiature at its last session. The only in
restments in the nature of internal improve
ments which pay the STATE fall Interest on
their bonds are the Baltimore e Ohio Rail
road and the Columbia & Port Deposit
Railroad Companies.
&rATE LEVY.
The State levy for all purposes fer the
year 1871. foois up an aggregate of $780,,
| $50 e The assessahle basis has been in
creased in the State in 1871. over that Of
1873, by the sum of $3S. 362, coo. In eleven
of the counties and the clty of Baltimore