Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1881-06-17
R,LriNoRE. June ;. lss.

special interest at this time, in sies of the
criticism of Gov. Fsmi'ion made al the reven'
meeting at The Maryland Institute.
BALTIMORE June ;, 1881.
To tie peopie Of the State AT a political
meeting held in Baltimore on NAV -, Gov.
Hamilton expressed his opinions in re'a'ion TO
the past mana cement OF the huanCt. Of the
State. he burden OF his complaint Mas thai
the General Assembly had violated ITS ohlIga-
ton 10 maintain sinking funds sufficient for
the payment Of the State debts maturing at
various periods between lSS3 and 1893, aad
been derelci in duty in that connection.
One of the undersigned has besn comptroller
since 1878 and one has been treasurer ssuee
1874. Since 1858 every circumsianca connee'ed
with the administration OF the slnaiaE lunds
has been communicated 10 the pablte in Off
cial reports No criticism has heea made upon
such administration ofthe sinking fsnd ~ Gov
Hamilton at any previous time. II IL not sor
Us 10 eopjecigts- his .aaat..s n sssas .s.S iae
say that lie is mistaken in his siatsfH. ms and
conclusions.
The total deb, of the State on Sep.e"bef 80
1880, was Sill AT, 1909. Ga this sum
S., 100, 993, 90 represents original debts, con
trsctei for internal Improvements before 1870
As an off set TO this Indebtedness thus Incurred
the State nov holds the following valuable
securities, which were the fruits OF is inierasl
improvement investments, and are to-dA,
worth much more than the par value, al which
they are here set down:
Preferred stock in Baltimore and
Ohio Railroad Company--...... ssds, el5, 10
Washington Branch Railroad
stock. ...... $50, 900, 90
The mortgage, under the act Of
1854, enapter 200, securing
the annuity payable ny the
Northern Central Railway
Company ......................... / 500, 900. o,
Bonds OF the Baltimore aud Ohio
Railroad Company ................. $50, oo0 90
S., 3s4 6l5 10
The Stat. has in addition TO the properties
indicated
In its sinking funds............. S204. 657, 70
In productive st0cks.............. 59,l10, OF
saG3 ST. 30
These properties, part Of which ia re Target,
increased in value, and The interest OF the S,ate
in the Chesapeake K Ohio and Tide water
Canals will form, if they are retained, IS they
should be, a fund which will suffice To protect
the State against any cons dsrable ultimate
responsibility on account OF the s., 120, 995 90
Of its debt contracted before 1910.
The remaining S., $50, IA, IS OF the existing
and 1880 for the following purposes:
1868. For the payment OF war
bounties................... So 52s. 80 &c
1870 Deaf and Dunno Asylum. loo, 900, 90
1872. Maryland Hospital for
the Insane........ $50, OoO, GO
10 For the payment of over
due internal improve
ment deb'.............-.. 1899 364, 10
1874. Deafand Dumb AsyIu I25, 600, 90
1876. Maryland Hospital for
the Insane.........-..- 1885, 900, 90
1878 Treasury relief loan,
made necessary by the
non-payment to the
State of its portion of
the receipts of the
Washington Branch
railroad and by the
failure of the Tide
water Canal Company
to pay the interest due
b, it.......... ............ 500, 900, 90