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11
Funded and floating debts created at sundry
times and for various purposes................ $9,899,401 51
Guarantees for internal improvements and
debt for water supply and Public Parks.... 12,205,102 48
To which may be added for Union Railroad
Bonds guaranteed................................ 500,00000
City Hall and other extraardinary expendi-
tures................................................. 2,000,000 00
124,604,503 99
It is proper to say that for the absorption of
this debt there is in various sinking funds
at this time......................................... 5,621,20807
Which deducted still leaves..................... $18,983,295 92
The annual interest upon this total debt, will be
as thus computed....................................$1,476,270 24
In part payment of this sum there is received
from various sources, to wit: Baltimore and
Ohio Railroad five million loan.................. 300,000 00
York and Cumberland Guarantee Bonds......... 30,000 00
Western Marylana Railroaa Bonds............... 12,000 00
Water Rents............................................. 267,068^17
City Passenger Railway for interest on Park
debt.............................. .................... 33,23798
Baltimore and Ohio Railroad dividend on $3,-
500,000 stock......................................... 280,000 00
$922,306 15
Leaving of annual interest to be provided for
by taxation or otherwise, the sum of.......... $553,964 09
Great abuses of power and public confidence have grown
up in our city management. With a shameful disregard
of the true intention of government and the interest of the
citizen and tax payer, large sums of money have been drawn
from the City Treasury, merely to bestow patronage upon
partisan favorites. The Councils have sanctioned the clan-
destine use of large sums of money without accountability,
and for unworthy purposes; and in this way much of the
city debt, and also a large proportion of the annual expenses
of the City Government have been brought about. Cases of
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