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The Maryland Board of Public Works: A History by Alan M. Wilner
Volume 216, Page 9   View pdf image (33K)
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An Overview of Early Policies: to 1825 9

resources to fund them was forthcoming. Hanna estimates that in all the state invested
only about $250,000 in internal improvement projects by 1825.36 By the standards of
the time this was a considerable investment, but it was expended over a period of
several years and was derived from current revenues. Furthermore, no debt had been
created to finance the state's investments.

36. Hanna, Financial History of Maryland, p. 78.

 

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The Maryland Board of Public Works: A History by Alan M. Wilner
Volume 216, Page 9   View pdf image (33K)
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