viii REPORT OF THE

The Constitution, in the Article and Eection to which I
have referred, provides that these loan-taxes shall be made
sufficient to pay the interest as it falls due and to discharge
the principal debt when due. An analysis of the annual State
tax, which is at present 18 3/4 cents—10 cents for schools and
8 3/4 cents for loans—to be found in "Statement K," and a
glance at the size of the loans for which these loan-taxes are
respectively provided, obtained from "Statement J," discloses
that the Legislature has not in any of these instances—
either of the Bounty, the Hospital, the Deaf and Dumb,
or the Treasury Relief Loans—provided a sufficient tax for
the purpose enjoined. The wisdom in these short-comings of
the Legislature is apparent to those who are opposed to
heavy taxes, a plethoric treasury and sinking funds for the
benefit of creditors.
The receipts from the ordinary sources of

revenue in the year 1880, were............... $2,007,686 77

The receipts from the same sources in the

year 1879, ascertained by deducting from

the total receipts $2,126,326.37, the Relief

Loan receipts $263,750.00, were.............. 1,857,576 37

Increased receipts from ordinary sources...... $150,110 40

This improvement in revenue is due principally to increased
receipts from—
Registers of Wills—collateral inheritance

and commission tax.............................. $67,180 87

Railroads—gross receipt tax..................... 35,037 89

Tax Collectors—State tax.......................... 30,514 70

Insurance Companies—Licenses and Premiums 4,461 97
Excess of Officers fees.............................. 4,034 49

Clerks of Courts—Licenses........................ 2,972 88

$144,202 80

The Maryland Penitentiary paid................ $13,001 86

For the year 1879 it paid.......................... 6,356 36

Increase................................................ $ 6,645 50

Old claim of State vs. Baltimore city, paid... 10,852 05