Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1893-01-27
Our Financial Condition.

The annual report Of the Comptroller
Of the Treasury Of The State for the past
fiscal year has just been published. 1t
contains full aud thorough exposition
Of the financial condition Of the State.
The report shows the re-
eeipts from all sources paid into the
Treasury for the fiscal year ended Sep
TENDER Both, 1892. to have been So
006.55 Is, on increase over the prcvi-
Gus fiscal year Of Si7S.9S2 SO. The
balance in the. Treasury at the close #
the 6scal year 1891 was S5il $50 80.
making total amount in the Treasury
Tor the past fiscal year Of 81, 54I ,SS1 IS.
The disbursements for the same period
were S5.O"5, 1888 81. being greater than
duriAg the previous year BY S1l2.749I
90. The expenses Of the General As
sembly Of 1892, and the special appro
priations amounting to $l6s.96l O6,
we're paid during this fiscal year, and
when deducted will show net decrease
m disbursement as compared with 1891
of Ss6.2l2 81.
The receipts by the several sinkin
funds amounted to S5l6.952 IL, aud
there was invested on account of said
funds the sum Of S504 ,357 10. The
balance of the Treasury Relief Loan
having been paid off during the past a'-
cal year. and the stock, bonds, and cash
stanling to the credit of that fund.
amounting to S 100, 800 20, we're trans
ferred to the credit of the sinking fund
for the Defense Redemption Loau
In purchasing the sto ks for the sew
eral sinking funds. the comptroller
states that the Treasury officers found it
very difficult to secure the bonds of the
State Of Maryland, except at large pre-
miums; hence the greater part of the
amount invested on that amount was
used in purchasing Baltimore city stock.
The Comptroller says: at should be a
matter Of pride to the citizens of this
State to know that our bonds are so high
ly esteemed by investors"
The total Indebtedness Of the State at
the close Of the fiscal year was IS ,694 9)6
II, decrease of s., OS6. $50 % from the
previous year. There was issued dur
ing the fiscal year ofihe Exchange Loan,
1891 800. 600 The loan was author
lied for the redemption of the overdue
debt. but Treasury officers by applying
the $50, 900 realized from the fnreclos-
ure of the Coluu bia and Port Deposit
Railroad mort gage. together with the
sum Of S202,6 45 II Of the amount Of
the direct tax returned to the State by
the United States, found th they would
be able to pay off the whole of SAID over
due debt. without issuing any more oil
the Exchange Loan Of 1891, and recon-
mende,l the Legislature to authorize the
use Of so much of the said direct tax, as
aforesaid, SO returned to the State, and
that the balance of the said direct tax
should be investe for the use of the gen.
eral sinking fund. and to forbid the is.
suance of any more of the Exchange
Loan of 1891.
The productive stock Of the State, and
the cash and stocks held on account Of
the sinking funds. amount to s.. 602,-
O99 80. leaving as the act deb: of the
State at the close Of the fiscal year SO,
O82 2S6 80. But" says the Comp
troller in his report. sit is worthy of note
that the productive stocks, with single
exception, held by the Safe, have mar
Ret value in excess of their par value,
and if statement was prepared placing
the s ate securities at their market value
this net debt would be decreased by more
than one half"
The present assessed value Of the prop
srty in he State aggregates S5l5. I37, ;
SIS. Tie report shows "A comparison Of
the assessable basis for til past for years:
Is 1898. $3.50