The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1899-05-13
GOOD MANAGEMENT.

HE Republican management of State affairs in Mary
land cannot but meet the approval Of every citizen
who is sufficiently interested give a care to the
matter. And we believe the people Of Cecil county,
Democrats and Republicans alike keeping eye on
Annapolis and the great majority will cast their vote at the
coming State election influenced solely by the desire
the commemorative interests and that of individual or
party The Republican party will be Judged by what has
done, and in this connection the CECIL. Wing points with
pride to the following statement concerning the present
administration:
State Treasurer Thomas J. Shryock and Comptroller
Phillips Lee Goldsborough Annapolis last week and
cancelled the State securities heretofore held the sinking
fund.- whic made necessary by the issuing OF the
solidaed per loan of 1899 This cancellation en-
braced the following securities:
Defense redemption loan $I,S4S, 500
Exchange loan OF 1899 557Soooo
Exchange loan of 1891. 654,2277I
Total s4,16 ,I9o.11
The State treasurer, in speaking of the financial condition
of the State, said:
"The cancellation of these securities means saving to
the State OF about in interest per year The
ties after being cancelled filed and will be destroyed by
the Legislature of accordance with the law governing
the same
Mr.. Shryock gave some interesting figures as follows
The total debt of the State shown by the books Septem
Der 3d. 1895, 9S624, less State securities s342
263 showing the debt of the State be s5427231
The State debt January 1899, after the issuing of the
consolidated loan, as follows:
Insane Asylum loan 100000
Consolidated loan 5,IoI,926.I3
Less s consolidated loan in sinking fund >S 5oo,9oooo
Making the debt of the State, with assets ss1o1o26 u
being $o7g7 less than the debt the in 1905 notwi
standing the fact that there has been appropriated for per
manen public improvements and paid of the general
treasury the of $I,2ooooo This is say: Penienary
loan E5ooooo Insane Asylum loan, 100000; consolidated
loan 100000 which used for the Maryland penenary
and the Springfield Hospital.
"There is in the general sinking fund securities the par
value of which amounts TO g. I4747o which, deducted
the loans of the State, would make total debt of the
State OF $295456. This showing is in view of the that
there has been paid the schools for free school books 15o
per year. which for four years aggregates 100000
slider it splendid showing.
"The amount available for distribution to the public
Schools which have been distributed have greatly increased
from 1896 100000 IS99 $S2ooo which will be about the
distributed in 1885, or, other words there is now
being distributed for the free schools 50 per more than
heretofore in the history Of the State source Of
great pleasure the treasury officials who are very enus
asc believers in the free school SYSTEM to be able dis
tribute this large amount.
"This showing is OF January 1892 and will be very
largely increased by the end of the fiscal year, September co.
the receipts of the State for the treasury begin to
into the treasury until after the of June when the
license money is received.
The condition of the treasury, whatever standpoint
may be viewed, shows that the present of 17 is
greater than is necessary be levied and is constant
of regret to that the democratic members of the
Legislature did adopt suggestion and reduce the tax
rate which could have been don has been clearly proven
by the receipts of the treasury have doubt the next
Legislature will carry out this suggestion and relieve the tax
of at least to the extent OF reducing the rate to Is
instead OF tn The has brought
about this very desirable condition. and in judgment it
was for this purpose that law was enacted"