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Annual Report of the Comptroller, 1889
Volume 253, Page 23   View pdf image (33K)
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As an off-set to this debt, the State holds the following Bonds

   

and Stocks, on which interest or dividends are promptly

   

paid, to- wit:

   

Stock of the Baltimore and Ohio R. R. Co...........................

968,615 70

 

Stock in Washington Branch B. &. O. R. R. Co....................

550,000 00

 

" Farmers' National Bank of Annapolis....................

46,470 00

 

" Annapolis Water Co............................................

30,000 00

 

Bonds of Northern Central Railway — Mortgage. ...................

1,500,000 00

 

Bonds of the Susquehanna and Tide Water Canal Companies.

1,000,000 00

 

Cash to Credit of the Sinking Funds...................................

10,103 44

 

Stocks and Bonds to Credit of the Sinking Funds.................

1,926,065 90

 
   

6,031,255 04

Net debt after productive Stocks held by the State and the

   

Sinking Funds axe deducted........................................

 

$4,339,280 52

*Of this sum, $4,001,111.11 is Sterling Debt, the exchange and redemption of which was provided for by Act of 1888, Chap. 201, and
is in process of exchange into 3 per cent. Currency Bonds. $3,079,400 have already been exchanged.

+At the close of the Fiscal Year there was still outstanding $1,00 of the Maryland State Loan, issued per Chap. 366 of 1872. Interest
on same has ceased, and this amount will be paid when presented at the Treasury Department.

For this balance of $4,339,288.52, the State has as an off-set her unproductive Stocks, amounting to $28,258,284.75, and $758,319.08
due from Accounting Officers and Incorporated Institutions.

 

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Annual Report of the Comptroller, 1889
Volume 253, Page 23   View pdf image (33K)
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