1418

iv

1864 by $71,491.59, and the year 1863 by $101,560.44.—
These figures show a large and steady increase in the rerenu«
from this source.

Registers of Wills have paid into the Treasury for tax on
commissions of executors and administrators, and on collate-
ral inheritances, the sum of $60,048.49; being $1,419.80 less
than was received from the same source during the previous
year.

The returns and payments into the Treasury by Clerks of
Courts and Registers of Wills, have been -promptly made.

RECEIPTS FROM PUBLIC WORKS.

There was received from the Northern Central Rail Road
Company, for the annuity due the State, the sum of $90,000;
and from the Susquehanna Canal Company, on account of in-
terest, the sum of $60,000.

The Baltimore and Ohio Rail Road Company paid into the
Treasury $760,088.70; a sum largely in excess of the amount
received in any previous year; which indicates the eminently
prosperous condition of this important public work, and its
able and successful management.

There is included in this amount, the sum of $180,000, re-
ceived on account of the $3,000,000 of Sterling Bonds, issued
and delivered to this company by virtue of the Act of 1838,
chapter 386.

It was provided by the Act of 1835, chapter 395, that the
Treasurer should subscribe $3,000,000 to the capital stock of
the Baltimore and Ohio Rail Road Company, which subscrip-
tion was to be paid out of the money received from the sale of
State Bonds, and upon the condition, among others, that
the company should guarantee to the State the payment, out
of the profits of the work, six per centum per annum, until
the profits should be more than sufficient to discharge this
interest, and be adequate to a dividend of six per centum per
annum among the stockholders, and then, that the State
should be entitled to receive a perpetual dividend of six per
centum per annum. The Commissioners appointed to sell the
Bonds of the State for the purpose of raising money to meet
this subscription, sold $3,000,000 of the same to the company.

By the Act of 1838, chapter 386, it was provided that upon
the return of these Bonds to the Treasurer, and a release be-
ing executed to the State by the company, of its interests un-
der the contract made with the Commissioners, the Commis-
sioner of Loans should deliver to the company Sterling Bonds
to an equivalent amount, bearing interest at the rate of five
per centum per annum, payable in London, and upon the