VI REPORT OF THE

These exceedingly valuable and useful institutions having
no shares of stock, are taxed as individuals, or as the repre-
sentatives of the several depositors, whose savings they em-
ploy with such advantage to the public and the parties who
use them for the safety and profitable employment of their
respective funds.

AGGREGATE BASIS OP TAXATION FOR STATE PURPOSES.

The total assessment of the property of the State, liable
to State taxes, exclusive of the taxable certificates of State
stock, bonds of the State and stock of the City of Baltimore
for the year 1881, is $501, 939, 468. 19.
Table D exhibits the total assessed value

of real and personal property liable to

State taxes tor the year 1881, as re-
turned by the County Commissioners of

the several counties, and Appeal Tax

Court of the City of Baltimore, to be... $461, 459, 939 00
Net basis of assessment of corporations in

1881........................................... 61, 311, 375 20

Aggregate................................ $522, 771, 314 20

Less real property of corporations con-
tained in first item............................ 20, 831, 846 01

Total amount liable to State taxes.. $501, 939, 468 19

The total net assessment of corporations for the year 1881,
after deducting $4, 415, 245. 75 for mortgages upon real and
leasehold property held by homestead or building associations
exempted under Chapter 122, of 1880, is $61, 311, 375. 20.

This sum is larger than the net basis from corporations in
1879, by the sum of $6 472, 267. 44, and exceeds that of
1877, by the sum of $18, 806, 731. 20, an amount larger
than the total assessed value of real and personal property,
in either Allegany or Washington county, larger than that
of Harford and Howard counties combined, is more than the
total assessment of the four counties of Southern Maryland
combined, or of the four lower counties of the Eastern Shore
combined.