XVIII REPORT OF THE

Wills, Clerks of Courts, &c., and from which we are con-
stantly realizing money, and will continue to realize for
sometime to come. While a large part of this indebted-
ness is worthless, I think we can safely say that 50 per
cent, of it will certainly be collected.

Nor have J so far considered the still larger list of

UNPRODUCTIVE INVESTMENTS,

which the State holds and from which it is not improb-
able something may yet be realized. When we take
these into consideration, the certainty of receiving a
considerable sum of money, from collectors of pub-
lic moneys, and the probability of some of the
unproductive assets becoming productive, I am not
only strengthened in the views which I have ex-
pressed, but am satisfied that the time will then be
at hand when the results which I have indicated as
being possible to secure, can be readily obtained.

The State holds first mortgage bonds bearing 7 per
cent, interest per annum of the Columbia and Port De-
posit Railroad Company.

While the railroad company is in arrears in the pay-
ment of interest, yet it is not certain that this large sum
is destined to remain unproductive.

The road runs over a productive and prosperous re-
gion and is doing a good business and promises to be able
in the no distant future to liquidate its arrearages.
The State's interest in Chesapeake and Delaware Ca-
nal Company amounts to $81,250.00.

This Canal has been badly managed, or the stock
which the State holds would to-day be among its pro-
ductive assets.

By an over-issue of mortgaged bonds by the unfaithful-
ness of some of its officers the finances of the Canal Com-
pany are in a most embarrassed condition.

The State also holds bonds of the Susquehanna and
Tide-Water Canal Company to the amount of $1,000,000.00
secured by mortgages on the Canals.

The State formerly received its interest at the rate or
6 per cent., amounting annually to $60,000.00.