1420

VI

RECEIPTS FROM SALES OF BANK AND OTHER

STOCKS.

The sum of $840,695.91, was realized from the sales made
by the Governor, Comptroller and Treasurer in pursuance of
the Acts of 1866, chapter 155,160 and 170, of the bank stocks
and dividend stock of the Baltimore and Ohio Rail Road Com-
pany held by the State. The par value of the stocks sold,
was $773,374.66, which the amount realized exceeded by the
sum of $67,321.25. (See Statement "F.")

The large sum thus produced was a great relief to the
Treasury. The Treasurer was enabled to meet promptly his
engagements with the banks by the redemption of the tem-
porary loan negotiated with them, and to pay other pressing
demands without resorting to a sale of the bonds of the State.

The bank and other stocks held by the Treasurer for the
use of the Free School and Sinking Funds were not sold.

DIRECT AND BOUNTY TAXES.

The receipts from Collectors during the fiscal year on ac-
count of direct and bounty taxes, were $395,794.77; being
$2,742.62 less than was received on this account in the pre-
ceding year. A statement of the amounts paid by the re-
spective Collectors, will be found in Table No. 3.

PUBLIC SCHOOL TAX.

There was received during the year on account of Public
Sehool taxes the sum of $390,901.96. The balance in the
Treasury at the close of the previous year, was $248,742,26.
There was disbursed to Baltimore city and the several coun-
ties the sum of $372,914.73, leaving a balance of $266,729.49,
in the Treasury on the 30th September 1866. Of this balance
the sum of $133,306.55 was paid to the city and respective
counties, during the month of October. The amount receiv-
ed from and paid to the respective counties and the city of
Baltimore is shown by Statement "L."

FREE SCHOOL FUND.

There remained to the credit of the Free School Fund, at
the close of the fiscal year 1865, the sum of $43,773.34, and
there was received during the fiscal year 1866, on account
thereof, the sum of $70,082.22; making an aggregate of
$113,855.56. The disbursements on the same account were
$106,256.79; leaving to the credit of the fund on the 30th
September, 1866, the sum of $7,598.77. (See Statement "E.")

There is a deficit in the receipts on account of this fund,
when compared with, the year 1865, of $17,050.61. This was