v

Fortunately they were not made, and the State has thus far
escaped such embarrassment and discredit.

STATEMENT C contains an estimate of the probable receipts
into the Treasury during the present fiscal year. The total
Amount is placed at $1,119,648.80.

Many of the sources of revenue are so irregular and uncer-
tain as to render it difficult to form a satisfactory and reliable
climate, and of course the receipts will be inevitably affected
by the monetary condition of the country. Should the pre-
sent unfortunate and deplorable derangement continue, (and
no" mortal can at this time confidently predict its termina-
tion,) they will doubtless be materially reduced.
The probable demands upon the Treasury in the current
fiscal year will be found in STATEMENT D. They are estimated
in the aggregate at $998,544;00.

DIRECT TAXES.

The receipts from direct taxes in the fiscal year ending on
the 30th September last, were $249,792.09, being $1,928,92
more than was received on this account in the preceding year,
and more than has been received from this source since 1856,
when the last reduction was made. These figures will appear
the more satisfactory when it is considered,that the arrears of
taxes at the higher per cents are necessarily rapidly dimin -
ishing; comparatively few payments having been made into
the Treasury in the past year at the rates of 15 and 20 cents.
There is no reason to doubt that the reduction of the Direct
Tax, as recommended in the Comptroller's last Report, might
have been safely made, if the Legislature had restricted its
appropriations to the ordinary expenses of the State Govern-
ment, and if a new assessment (loudly called for by the
principle of equal taxation) had been ordered at the same
session.

A statement of the various amounts paid into the Treasury
by the several Collectors will be found in Table No, 3 of the
Appendix.

The Collector of Baltimore city, who holds a most respon-
sible post, is entitled to favorable mention, as in his relations