The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1899-10-21

lS''S ana 1S.o to 5H cents, the other
cents going to free school books, as before
mentioned. The sum of 100000 has been
paid for such free school books during the
present administration, which, had the levy
remained the same as in 1892, 1893, 1894
and 1895, the present Treasury officials
could and would have invested in actual
cash for the sinking funds, making a diff
ference of S764, 1906 in four years. As it
is, they have carried to the sinking funds
S16i, .65 more actual cash of the moneys
collected and that. too, with Il tax rate of
cents less, and there remains in bank to
the credit of the State, as of September 30.
1899, the sum of S1,11O,231.4
Public School Tax.
And again. The amounts collected and
distributed to public schools for the years
1924 and . aggregate $1,000, 0S5. 80.
while the amounts SO collected and dis
trihutcd under the present administration
for the years 1868 and . are $2.G52.-
0OS03. or an increase of 500, O22 73-S72,-
and besides this there remained to the
credit of the public schools mt the close of
the past fiscal year 1SoM II sum not less
than $4,000
Saving In Interest On Public Debt.
In January, 1898. the present Treasury
oiilcinlS of tn" state. dccming it best to
consolidate many Of the various loans of
the State, inasmuch as the defense rcdcmp-
tion loan WAS then due. and the State hay
ing large holdings Of its stock recon-
m"ndcd and secured the passage of law
commonly known as the consolidated
Loan of 1So9' whereby the said several
loans We're refunded and consolidated BY
such operation the interest on these loans.
or the State debt amounted in 1899 TO
$23I G6i.6S. as against $3.50. O49. 90 in 1895,
saving of Si2.3S4.7S In the year 1900
this charge will only amount to $174.2797S.
or Il saving of $1O5. 100 rs over 1895.
Interest On Deposits.
Prior to the year 1893 no moneys were
earned upon State deposits in banks Why,
am not sufficiently advised: vet during
the years 1S96-7-S and . moneys from this
source yielded the magnificent sum of
S33,3TG.65. In other words, under the
present administration, for the four years
past, there has been received $40, SO,
more money than during 30 years of Dem
ocratic administration.
Receipts From Licenses.
In the years 1924 and > the receipts
from this source amounted to SAT- 500. OS.
while during the years 1S067-S and . the
income from this source aggregated $685.
99iS0, or Il gain of $50, 1852.
The spnnish-American War Fund.
Chapter $50, of the acts of 1898. author
lied the expenditure of 100000 for the
purpose of arming and cquippng the State
Militia in the Spanish American War. vet
so economically was this branch of the
service administered us to require only an
expenditure Of $125,00O. And it is with par
dOnablc pride, | think. that we point to
the fact that every dollar of this money
has been paid, without the burden Of one
cent Of taxation. OF this sum SIS 153. 65
has been refunded by the general Gov
eminent of the United States, and the con
ditlOn of the State Treasury has been so
good as to warrant the wiping out Of the
entire balance. viz; $46,SiG.35. notwith-
standing the large amount of cash set
aside to the credit Of the sinking funds.
Appropriations To Institutions.
by comparison of the amounts paid to
said institutions. interesting results are OBJ
tanned. During the years 1924 and =
there was paid from the Treasury to said
institutions the sum Of 81, 491 $50 GS as
against the sum Of $1,717 ,629.94 for the
years 1868 and .. or Il larger sum by
S226, Of4.26 or an annual increase of $50
51l.0G. And this, too, with Il loss to the
Treasury during the last four years of
$4,000 per annum, the dividends on the
Washington Branch Of the Baltimore and
Ohio Railroad.
Tax On Corporations Gross Re-
ceipts.
The increase of revenue from this source
under the operations of the new assess.
ment law Of 1896 has been very marked.
The receipts for the years 1924 and .
aggregate only the sum of $524, 096.09, as
against S742 054. IA, or an increase of SPIT
957.15 for the four years of the present ad-
ministration, Notwithstanding the fact
that the receipts for the year 1896 amounted
to only S11S,291.S1, being the last year I'M
der the old assessment while the receipts
for 1899, under the new assessment law of
1896, aggregated the enormous sum of
S2GO, 9S3.3 30, or gain in round numbers of
S143,O 900.
Increase In Taxable Basis.
One of the reforms or measures promised
in the Cambridge platform of 1895 was n
fair and just assessment law. Therefore,
it is with pleasure that direct and call at.
tention to this covenant so scrupulously
kept. Let the figures speak for themselves.
In 1896, under the old assessment law of
1876, the basis and tax at 17ai cents was
$40, 461, TAT and S059319.53, respectively.
as against $G11, 539.646 and S1,OS5 49,. SS
for the year 1899, or gain in basis of