The citizen. (Frederick City, Md.) 1895-1923, 1902-02-07
STATE FINANCES.
Annual Report of the Comp
troller Shows a Healthy
Condition Of Affairs-Taxes
Lower and Basis Greater.

Inc report OF the Comptroller
OF the Treasury of the State Of
Maryland has been received by
the Governor. 1t is a thoroughly
comprehensive and detailed &C
count of the business of the State
for the fiscal year.
In his remarks to the Genera
Assembly Comptroller Herring
says in part:
RECEIPTS.
The amount received in the
treasury proper, from all sources
during the fiscal year. was So, 243,
154.12. This, together with the
amount of SS49, SS5.16 in the
treasury proper September 80,
1900, and 1899, $50. IA to the credit
of the funds account, will make
the total 81, 392, 62S. AZ, including
such balances.
While the receipts during the
year have remained compare
lively the same az the previous
year, 1t is important to note the
item of 100000, viz: The State
Building and Improvement Loan,
Bonds were issued for this loan
and the amount realized from
their sale should be deducted
from the ordinary receipts. leav
ing as the revenue during the
fiscal year the sum of S3,O43,
154.12
A large increase is noted in
the tax on gross receipts of cor
porationS. During the fiscal
year there was received from this
source the sum Of 1861, 1878. as
against the sum of 1915. 24O. 9S. OF
last year, making a gain OF
$50. SS4.11. This amount. how.
ever. was not the result of au in
crease in the usual tax for the
year 1901. but represents the ac
cumulated taxes for several wears
against several rich corporations.
| deem il my duty to also call
your attention to the failure of
the Northern Central Railway to
pay the regular quarterly install
ments of $50, 800, which have
lapSed since April 81, 1900. and
which will aggregate on January
y, 1902, the sum of Sl57. 800.
The same is now in litigation.
The disbursements aggregated
So, l20. 626 81. being 500. 9O7. 81
less than the previous year. not.
withStanding the fact that much
larger sum was carried to the
sinking fund during the present
year, exceeding that of the yea,
previous by &ll0.35G 9S. The
balance i'll the treasury proper at
the close of the fiscal year was
S972, 412.91. While this sum is
the actual balance i'll the treas
ury proper, | wish to call your at.
tentiOn to the fact that the cash
available to the ordinary ex
penSeS of the government is ONLY
SO21, 1851, or IA sum less b,
$3.50. 625.34
This will be fully understood
when | state that under Chap,er
2l9 OF the Acts of 1898 and Chan
ter Cos of the Acts of 1900, bonds
were issued and the moneys aris
ing from the sale of these bond.
were covered into the treasury.
and were specifically dedicated
to the purposes therein men.
toned, the amounts at the Close
OF the fiscal year as follows:
Fifth Regiment Armory, S142,
$40. IA; State building at Annap
oils, S25S, 0S4.2O; Maryland Pen.
itentiary, $4,000; Total, $3.50,
625.34.
The policy of tie treasury of
ticials has been to retain in the
! treasury only such an amount as
was sufficient to meet the actual
needs of the State, carrying into
the sinking funds all amounts
over and above this sum.
The receipts and disburse.
ments of the Free School Fund
at the close of the fiscal year are
fully exhibited. The total re-
ceipts during the year including
tie balance brought down from
the year previous, are $40, 225.67,
while the total disbursements
during the same period were
81, 561.37, leaving a balance to
the credit of this fund Of$7, 1854. 80.
The ordinary receipts to this
fund have been somewhat aug
mented by virtue of increased
dividends from stocks standing
to the credit of the various coun-
ties, and by the further fact, of
the common stock of the Balti-
more and Ohio Railroad Com
pany declaring two dividends
instead Of one as in the year pre-
vious.
1t is with pleasure that l now
direct your attention to the con.