The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1885-08-29
THE CECIL WING, EI4KTON, SATURDAY, AUGUST 49, 1899


To the Honorable BOARD Of County Commissioners:
GENrLEMEN:-The annual statement of last year
closed with deficiency of $1,000 created mainly
by extra expenditures on roads and bridges. The
payment OF this sum and the repair of the greater
part OF the damages done by the flood in
June, 1884, was contemplated in the levy of that
year made at the rate OF 80 cents ON the Sloo the
highest reached since lS66-7 when % cents was laid
to meet the ordinary expenses OF county govern
ment.
The alternative of increasing the tax rate or ere
ating debt to be paid Oft by gradual levy pre-
sented to you and you decided that it would be less
burthensome in the end to meet the extraordinary
OUTLAWS by immediate levy. The result shows the
wisdom OF your decision. 1t would have been
eessary in order to repair Mt all the flood dam
ages, to make a loan of 10000. This could not
have been put in the form of Il bonded debt without
legislative sanction, which could not have been OBJ
tanned for two years, during which time you would
have been compelled to carry this large amount as
floating debt probably ut as high rate OF inter
est as six per cent But admitting the practicable
ity of negotiating such loan at the low rate OF
four per cent and the payment thereof in install
ments of $1,000 per year alter short period as
two years allowed Tor maturity. the following would
be the result:
Amount OF debt 10000 90
Interest on same OBSERVATION-DISCLOSURES. ls,2oo 90
Total cost of flood SIS, 200 90
Average increase in rate OF taxation ior
eleven years. cents.
The amount paid Tor discount ON TEMPORARY loans
made necessary by the excess OF demands over re-
cepts during part Ui the past year and i'll order to
provide Tor the deficiency created will also give tax
loans
The levy OF 1884 included $4,000 in round num-
bers, to meet extrAand new road and bridge work
during the past year. AS will appear from the
statement OF expenses herewith submitted, there
was expended on flood account alone S59. Ol3OT, and
for general work Sl5,3ll.74, making total vi S7l,-
324Sl. There were expenditures also for other pur
poses in excess OF amount levied, footing up about
81 ,ooo the increase in court expenses alone roach
ing nearly onehalf that sum. small saving i'll
several items and the receipt of $4,000 in cash
and convertible securities from the Bohemia Bridge
Company by the purchase OF the interest OF the
States interest in that company has, however, pre-
vented the growth of an unwieldy deficiency. The
liabilities exceed the assets only $23.7T6.l2. The
payment OF $4,000 OF this amount is provided Tor
IN the levy OF the present year. The deficiency OF
last year has been paid OFT and unless unforeseen &C.
currences increase the contemplated expenditures
during this year, levy OF ten cents in 1856 will re-
the last vestisc OF the flood debt, and thus in
three years debt will have been paid in full, and
taxes reduced to Il rate equal to the ordinary ex-
penses. that otherwise would have required accord
OF eleven years and proved no light burden To the
taxpayers during all that time.
call your especial attention to the fact that the
ordinary outlay Tor roads and bridges has been less
the past year than during the preceding one.
The total amount paid for all road and
bridge WORK during the fiscal year end
ing June ~, 1854, Observation-Disclosures So, 279 rs
And during the year just closed 80, AS 81
dlH renee 0l............- ...........S 2,534 IA
The following shows the amounts expended
through the Road Commissioners and Supervisors
COMMISSIONERS