1892. ] OF THE SENATE. 309

Fund, but a certificate was presented to the com-
mittees signed by Thomas G. Hayes on the part of
the Senate, and Philip D. Laird on part of the House
of Delegates, a committee appointed by General As-
sembly, showing that they had burned, on the 6th of
February, 1892, said bonds to that amount with cou-
pons attached, due on July 1st, 1892, in compliance
with a Joint Resolution of the General Assembly.

Only $2, 000 and not $5, 000 bonds called for in Table
F, under the column headed "Baltimore and Ohio
Railroad Company Trust Bonds, " were found in the
Sinking Fund, the explanation of the Treasurer was
that since the close of the last fiscal year $3, 000 of these
bonds had matured and had been paid and the money
turned into the Treasury, which statement was found
to be correct upon inspection of the books of the
Treasurer's office.

The certificates of the Union and Mechanics' Bank,
for the amount of stock in said bank held for the
use of Free School Fund, as appears in said Table F,
were ascertained to have been long lost, and hence
there is in the possession of the Treasurer no evi-
dence of the ownership of this stock.

Two letters were shown to the committee from offi-
cers of the bank, referring to said stock, and the
interest on the amounts named in said Table F have
been regularly paid by said banks to the State.

The committee found in the possession of the Treas-
urer certificate No. 15, of the Exchange Loan of 1891,
for $100, 000. 00 which had been purchased by the
financial officers of the State for the Defence Redemp-
tion Loan Sinking Fund since the report of the Comp-
troller, and this amount does not appear in said
Table F,

The following bonds, &c., designated in Statement
T, of the Comptroller's Report, as productive assets of
the State, were examine and counted by the commit-
tee. Stock of the Annapolis Water Company, Far-
mers' National Bank of Annapolis, Washington
Branch of the B. & O. R. R. Company, and mortgage
of Northern Railroad Company, and the amounts of
the same were the respective amounts set out in said
statement. The Treasurer did not have in his posses-