40

adapted to the wants of the neighborhood, and has present-
ed it as a Christmas gift to the children.

May wealthy men everywhere be prompted to do likewise I
Their names will be gratefully remembered by the children
who enjoy the physical and educational benefits of a room
well ventilated, suitably furnished and adapted to the pur-
pose which its name indicates.

In several counties there are school funds, the interest of
which is now used to pay teachers' salaries. I recommend
the passage of a law authorizing, if it be found necessary, the
appropriation of these funds, or as much of them as may be
needed, to building new school houses and repairing old ones.
It would be the best investment that can be made, and will
yield a larger interest than 6 or 7 3/10 per cent.

SCHOOL FUNDS HELD BY THE COUNTIES.

Carroll County...........................|77,402 05

Invested as follows:

Judgments and Bonds........................ 42,952 05

U.S. 7-30 Bonds.............................. 13,000 00

Western Maryland R. R. Bonds........... 12,500 00

Northern Central R. R.Bonds.............. 1,000 00

Farmer's Bank of Maryland........ ...... 7,150 00

Ground Rents................................... 800 00

Prince George County..................$18,5GO 84

Notes of Individuals with Individual

Security.................................... 12,277 92

Judgments vs. Individuals.................. 6,222 92

. Queen Anne...............................$10,000 00

Invested in Bank Stock.

Washington County.....................$59,276 05

Hagerstown Bank Stock..................... 13,000 00

Washington County Bank Stock........... 12,285 00

Hagerstown Savings Bank.................. 1,000 00

Franklin Bank, Baltimore......... ........ 2,835 00

U. S. Five-Twenties........................... 7,050 00

U. S. Seven-Thirties........................... 4,100 00

Judgments vs. Individuals.................. 15,153 12

Individual Notes............................... 3,852 93

Worcester County...................... |64,566 83

Invested:

Loaned to Worcester County............... 33,386 00

" to Individuals.................... ... 28,380 00

Public Securities .............................. 2,800 00