6 REPORT OF THE

redemption of the State stock falling due after 1870, leaving the dis-
bursements for ordinary purposes to be $2,097,263.39, being less
than the disbursements for ordinary purposes, during the fiscal year
1810, by the sum of $350,409.45, and less than those for the same
purposes for the fiscal year 1869, by the sum of $797,569.24.

The details appear at large in Statement "B," with the several
laws making the appropriations.

The balance in the Treasury, at the end of the fiscal year 1871,
was $452,246.90, of which the sum of $61,543.45 arises from the
sale of the stock of the Baltimore and Ohio Rail Road Company,
and is applicable only to the redemption of the State debt falling due

after the year 1870; leaving the sum of $390,703.45 applicable to
the ordinary requirements of the Treasury.

ESTIMATES.

The probable receipts into the Treasury, during the current fiscal
year calculated under existing laws, are estimated in Statement "C"
at $1,923,900.00, which if realized and added to $390,703.45, the
sum remaining in the Treasury at the end of the fiscal year 1871,
applicable to ordinary purposes, would make the total amount in
the Treasury during the current fiscal year so applicable, to be $2,314,-
603.45. Statement "D" exhibits the estimated disbursements du-
ring the same period, to be $1,957,500.00, being in excess of proba-
ble receipts by the sum of $23,600.00, and reducing the estimated
balance in the Treasury at the end of the present fiscal year, to the
sum of $357,103.45.

The probable expenses of the session of the General Assembly,

contribute largely to reduce the estimated balance. The absolute
necessity of economy, on the part of the Legislature in expenses

and appropriations, and of additional legislation to enforce the col-
lection of taxes, the payment whereof has been heretofore evaded,
will be apparent to every member of the General Assembly.

The amount of revenue due from various institutions doing busi-
ness in the State, the payment of which has heretofore been
evaded, for want of penalties and forfeitures to enforce it, is very
large, and will relieve the Treasury as soon as it is received.
FREE SCHOOL AND SINKING FUNDS.

Statement "E" exhibits the condition of the "Free School" and
"Sinking Funds" at the close of the fiscal year.

The receipts on account of the "Free School Fund" during the
fiscal year ended September 30th, 1871, were $84,531.34, which,