Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1886-01-29
MisfellaMenns.
THE TOBACCO WAREHOUSE FUND

THE TOBACCO WAREHOUSE FUND.
We reproduce from the Port Tobacco
Times the following intelligent article on
a subject not generally understood, aud
commend il to the thoughtful considcra-
ton Of those interested:
1T will be remembered by all who
have given this matter any attention
that the extensive property now used as
the State tobacco warehouses was pur-
chased at different times by the State
and special loans issued to meet the ex-
pense thus incurred in the purchase and
Improvement of this property The acts
of assembly authorizing tbs purchase Of
this property especially devoted it to the
purpose of tobacco inspection and pro-
vided that the loans thus incurred should
be discharged by tho revenues accruing
from the outage charge upon tobacco
and the treasury officers were directed
to keep separate account upon the
books of the treasury of the tobacco
fund to which the principal and all in
terest paid upon these loans should be
charged and credit to be given Of all the
net revenues accruing from the tobacco
fund.
The Legislature of 1874, by an order
passed, requested the Comptroller to fur
nsh an itemzed statement Of the tobac-
co fund account, and in obedience TO their
order Comptroller Woolford furnished to
that body a very complete statement. in
which the amount Of the several loans
and the manner of their redemption by
the receipts from the outage tax upon
tobacco was definitely set forth BY
this statement ii appeared that charging
the tobacco fund with the amount of the
several loans issued for the purchase Of
the warehouse property and all interest
thereon and giving it credit by tho net
receipts from the outage tax upon TO-
bacco over and above tho expense of
operating the warehouses, and there was
still balance of $61, 16S.04 in favor of
the State required to balance the ac-
troller, with his characteristic fairness,
referred to the fact that the receipts for
wharfage from the wharvcs, which form
part of the warehouse property, which
prior to 1858 had been devoted TO the
redemption Of one of the special loans,
since that date, owing to an oversight
in Legislation, had not been credited to
the tobacco fund at all, but had been
turned directly into the treasury.
''By an order passed by the Senate at
the session of 1884, the present Comp
trollcr Turner was requested to furnish
the Legislature with supplemental
statement showing the status of the to-
bacco fund at that time. In that state.
ment Mr. Turner not only failed to
make any mention Of the wharfage re-
ceipts which since 1858 have been GO
ing directly into the treasury, but while
assuming the balance shown by Comp
troller Woolford's statement Of S61,-
1853. Oh ms the basis Of his calculation,
still by singular inconsistency, charged
the tobacco fund interest on Sl83, 653.67
for the nine years covered by his state
ment. The following editorial from the
Times Of February s, 1884, immcdi-
ately after Mr.. Turner'S report was
made, fully points out the nature Of the
large error be made by which an undue
prejudice was at that time created against
the tobacco inspection system
Comptroller Turner made GU. aud re-
turned to the Senate on the Both ultimo,
in obedience to the order previously
passed by that body, a statement Of the
present condition Of the Tobacco Fund
On. the books Of the treasury. Mr..
Turner takes as basis Of his statement
-1Ae.halalaaS-sbAvp- jha..i.a,rs ssstuse-
b protective organs , n , aud di ~ p - y
~ ~, ns'''s' '"' W ~ 'O'"''' '""'' o'"
tennsese appliances Bells, Bands. Corsss.ar
IDS, lnsoles, &C., are neatly made and to
rmsd wi,h Maene,is. .V ""a Rsc,ric; Use he
III cure any Of The above complain fnses Of
NY ELECTRIC TREATMENT III, 1875,
r. lbo mos ippgosea and s .,SaI
49, Z -. ~. : ropw iSA'" a,terest on
paS., .-.taShce, etc, amounted to 81,
O32, 569.53, while the gross receipts
within that period only amounted TO
$500. l30.l7, leaving balance due the
State September, both, 1888, Of 1926
439.36.
This statement contains one very re.
markabe error, which goes to illustrate