The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1881-06-11

No one can compialn Ct The purpose for
uhiCh any part Of this debt wss created. The
inquiry remains why no adequate provision
was made 10 pay of all the Indebtedness Gre
atsd between 1927 and 1850, as . ma,ared-
on September n lssI-
The total debt of the state vas so slia', -
The total amount 70 iafe eic'lis % The
sinking fund W. &s->3a5 l3
tu Sapte fnbeT 81 ES1-
The total dsli Of the state sits1s la--9
The total amount - TIE credit 81 the
sinking tdrse " As .-..,..--,--------- Net7neN -
OF this anouat 8. 4a5. t0Iss vas invested
in the bands aad certificates Of the State, By
the act OF 1854, chapter -, the boads and
certificates OF the State, representing this 50.
415, lo6 s.. we're directed 70 be cancelled.
The measure was passed by House Of Dele
gates, almost exclusively Republican, on Feb
ruary 2ith. lisa, by a vote 81 IS 10 :, aud
was passed by Senate, aimost eXe,u-
sirely RepabhcaH, on March 9Th, lsSi, by =
vote Of Il % . The cifrc; OF this act Sss
to leave in the sinking fsHd on September
s0ih. lS5f oaly 81 .82E 58t4S The act cat
tiag down the sinking fund. RAs passed apps
the express recommendation 81 Gov, Brad
ford Il completely modified the provi,ious
Of all prior lass creating siukiaE funds Tor
the payment Of The debts Of the State.
CA September p ISL
The total debt 0f thr State uAF,.. 81 sc fs* -
T0tai afa0uul sn credit II The slaklus
fHnd a. uiadsassi- i~,Sials -
OF the amount to the credit Of tAs sinking
fund Sl54,5 $50 vas invested IA kallsmove city
stock Aad the remaining Si,7o3, 1878 la
State stock
By the act Of ls72, chapter 256, Which vas
passed rifA sAlv gHs diEseafiag rass ia "a
SeHate aad b. the faaHilsess ro,e q fke Haszsc
Of Delegates aud approved b. Gov. Whyte,
the 81, 70sl 1873, belonging 70 the shaking
fund, vas Cancelled.
By The act Of 1872, chapter sS3, whieh vas
passed by the unanimous vote Of the House
OF Delegates. aHd received egcry vosa bat oae
in the senate, the Balsinere city stock, 20 the
amouui Of sl5t, $50, standing 20 the credit sf
the sinking fund, and other stock belonging
10 the State, we're directed TO be sold
The action af the General Assembly il 1864
aud 1872 was taken by parties holding sppe
site opinions. Il gas taken on both occasions
with complete uuanim,ty. |, certainly was
approved By the people Of the State, for 60
expression Of contrary opiniou has been heard
until nov. Il Is some~has late 30 End faux
with either proceeding Il IS right ~ say.
however, that the GeaerAl Assembly OF 1854
did not violate aay provJsiou Of the coastal.
ton Of 1851, which was 10 force when L dealt
in this maHneF with the sinking fund. and that
the General Assembly Of 1872 did rot violate
aay provision Of the constitution Of 1867,
when Il dealt ia liks manner With tkc same
fund.
The sinking iaad provided Tor by the aci Of
1865, chapter 2Sj, though that act vas passed
when the constitution Of 1867 vas in force,
was as sableet TO legislative eoutrel IN 1872 As
the shaking fdad created aaieg the eight mil
lion loaA bin in 1856 was 70 legislative con
troll in 1864.
The defense loans Of 1864 and 1865 we're
created to pay debts contracted for the Pu6-
lie defense. Debts contracted for this par.
pose we're not Ei,hia the limitations Of article
3, section -, Of the constitution Of 1851, nor
Of article 5, section IS, Of the constitution Of
1864, nor Of article 3, section 81, Of the con
stitutiou Of 1867; and were not required to be
provided fer in the manner pointed out by
article 8, section 81, of the consultation Of
1867.
The acts Of 1861, chapter Is; 1864. chapter
246; 1864, chapter 373; 1865. chapter 49, and
1867. chapter 1872, passed for the purpose OF
obtaining recruits for the armed service Of
the United States daring the civil war, emit.
lied those who had thus enlisted as part Of
the quotas Of the State to specified SENS Of
money. Such claims were payable out Of the
general moneys Of the State in the treasury.
To meet the demands thus arising the Gen
eraI Assembly passed the laws of 1864, chap
ter 10, and 1868, chapter 235.
Under this legislation the money account Of
the State stood as follows;
The state paid from 1864 10 September
%. ISSl. on account OF the claims OF
such enlisted soldiers s. as .5s 10
For interest ON is loans under acts OF
ls6i chapter Is, aud 1855 chapter b. 2,itS52i26
For commissions, Se- Ia negotiating