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Annual Report of the Comptroller, 1864
Volume 228, Preface 9   View pdf image (33K)
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ix

I would also call the attention of the Legislature to the
Susquehanna Canal Company. This corporation has paid
into' the Treasury during the year the sum of $70,000.00. It
is very largely in arrears for interest—the computation of
which cannot at present be made on account of the actual rate
of exchange being unascertained. When this information is
obtained a settlement can be readily affected, as the company
has already evinced its willingness to adjust this matter in an
amicable manner, which could not for the reason assigned
have been accomplished. This company originally consisted
of two distinct corporations, known respectively as the Sus-
quehanna Canal and the Tide Water Canal, which were af-
terwards merged into one, known and recognized under the Act
of 1852, chapter 132, as the Susquehanna Canal Company.
The original debt of one million of dollars secured by mort-
gage in pursuance of the Act of 1838, chapter 416, and of the
Act of 1843, chapter 363, was due from the corporation, on
the first day of January, 1864. The State, under the provi-
sions of the 1st Section of the Act of 1838, chapter 416, has
the privilege of redeeming the bonds then issued in behalf of
these corporations at any time after the 1st day of January,
1865. I have no special recommendation to make in" regard
to this work, as I am convinced that as soon as the rate of
exchange can be determined on, a settlement will be effected
so as effectually to secure the interest of the State.

The receipts from the several Clerks of Courts in the State
for Licenses and other sources of revenue, have been largely
in excess of the former year. Those of the present year
being $30,068.85 more, as is shown by table number 1,
The returns of these officers have been made with more than
usual punctuality, and none of the present incumbents, I am
pleased to say, are in arrears for licenses to the State.

In pursuance of Chapter 90 of the Act of 1864, I received
through the Executive Department, in May last, from the
Commissioners of the General Land Office in Washington
City, the land scrip, that had been donated to the State of
Maryland under the Act of Congress, passed the 2nd July,
1862, consisting of: thirteen hundred and twelve pieces of
script, representing, within a fraction of eighty acres, two

 

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Annual Report of the Comptroller, 1864
Volume 228, Preface 9   View pdf image (33K)
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