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1876.] OF THE HOUSE OF DELEGATES. 763
A State tax at nineteen cents on the hundred dollars upon
the entire stock of the Main Stem and Washington Branch,
with the exception already noted, would amount to the an-
nual sum of $24,838.18.
If the State tax be reduced by the amount of the direct
tax, viz: Three cents upon one hundred dollars, this reduc-
tion would be equal to $3,921.91, so that, in that event, the
sum of $25,000 per year would thus exceed the whole
amount of tax on the stock of the Main Stem and Washing-
ton Branch, as stated by the sum of $4,083.13.
Statement of stock of the Baltimore and Ohio Railroad
Company, Main Stem and Washington Branch :
Common Stock.............................$13,143,100 00
Preferred Stock...................................... 3,529,800 00
Washington Branch................................. 1,650,000 00
Total Stock Main Stein and Wash. Branch.... 18,322,900 00
Deduct State Preferred............1,450,000 00
State Washington Branch.......... 550,000 00
City of Baltimore ...................3,250,000 00
———————— $5,250,000 00
Balance stock, other than that owned by
State and city....................................... 13,072,900 00
If this were taxable—State tax at 19 cts. per
100, present rate, would be......................$ 24,838 61
The Company also respectfully submits, as a bases of ad-
justment, the Report of the Joint Select Committee appointed
by the House of Delegates, and the Senate to take into conside-
ration the claim of the State against the Baltimore and Ohio
Railr -ad Company, for one-fifth of the passenger transporta-
tion on the Washington Branch Road, with a view to its ad-
justment, without further litigation, as follows:
Extract from pages 1185 and 1186, Journal of the House
of Delegates for 1872.
Mr. Griswold, Chairman on the part of the House, of the
Joint Select Committee appointed to consider and report
upon the subject, as named therein, submitted the fol-
lowing
REPORT:
The Joint Committee appointed "to take into considera-
tion the claim of the State against the Baltimore and Ohio
Railroad Company, lor one-fifth of the passenger transporta-
tion on the Washington Branch Road, with a view to its ad-
justment, without further litigation on the principles an-
nounced by the Court of Appeals, on the 3rd day of May,
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