The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1885-08-15
THE CECIL. WIG, EIKTON, SATURDAY, AUGUST 49, 1885

To the Honorable BOARD Of County Commissioners:
GENrLKMEN:-The annual statement of last year
closed with deficiency of 5000. created mainly
by extra expenditures on roads and bridges. The
payment OF this sum and the repair OF the greater
part "i the damages done by the flood in
June, 1854, was contemplated in the levy of that
year. made ut the rate oi 30 cents on the Sloo the
highest reached since 1861 when % cents laid
t" meet the ordinary expenses OF county govern
ment.
The alternative of increasing the tax rate ere
atng debt to be paid of by gradual levy was pre-
sened to you and You decided that it would lie less
burthcnsOme in the end to meet the extraordinary
OUTLAWS by Immediate levy. The result shows the
wisdom OF your decision 1t would have been nc
ccssary in order to repair at all the Hood dam
ages, to make loan OF 10000. This could not
have been put in the tom 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 carr this large amount as
floating debt, probably at 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. aud .he payment thereof IN install
ments of $1,000 per year alter as short period as
two yeas allowed for maturity the following would
be the result
Amount OF debt. 100000 90
Interest oil same. Is, 200 90
Total cost of flood Observation-Disclosures SIS, 200 90
Average increase in rate OF taxation Tor
The amount paid Tor discount on temporary loans
| made necessary by the excess OF demands over re
ceps during part OF the past year and in order to
provide for the deficiency created will also We tax
payers faint conception Of the cost OF maiI'ainin3
| loans.
| The levy OF 1881 included SIS 900 in round num-
| bcrs. to meet extra and 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 Sa9ol3.o7, and
for general work $l5,3ll.74, making total OF S7i
32lSl. There were expenditures also Tor o,her pur.
poses in excess OF amount levied footing up about
$1,000 the increase in court expenses a.ont roach
| ing nearly Onchaii that sum. small sa'lng III
several items and the receipt of over $4,000 in cash
| and convertible securities from the Bohemia Bridge
| Company by the purchase of the interest OF the
| iudivid stock holders and the free gin OF TIC
State's interest in that company has however, pre-
vented the growth oi an unwieIuy deficiency. he
liabilities exceed the assets only $23,1Io.l2 The
payment OF 10000 OF this amount is provided 1ol
| i'll the levy OF the present year. The deficiency
last year has been paid of and unless unforeseen &C
currences increase the contemplated cXpcndl u es
during th; year levy OF ten cents IN 1885 VIII re-
move the last veStiSe OF the Hood DEBT, ana thus III
| three years debt will have been paid in iulI- aud
| taxes reduced to rate equal To me ordinary eX
penses, that otherwise would have required, accord
| ing to the most favorable plan suggested Periot
OF eleven years and proved no light burden 10 INT
| taxpayers during al that time.
call your especial attention to the TACT lat th'
ordinary outlay Tor roads and bridges has been lcss
| the past year than during the 1tccedn2 one.
| Tie total amount paid for al road and
| bridge work during the fiscal year end
| ing June 81. 1854. was S53, 2I9 y
| And during the year just closed ....... o'4o O.
| A diff .rencc of.......... ...........$ 2,53l /,
| The following shows the amounts cSpend q
| through the Road Commissioners and Supervisors
|