Message of the Executive to the General Assembly of Maryland : December Session, 1849 1849
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A tabular statement contained in the last annual report, shows a gradual increase of revenue vvithin ten years from $41,558 37, in 1840, to ©138, 013 66, in 1848, a gain, in receipts, in favor of the latter year of $96,455 29. In the same report it is remarked. 'Hhat the average increase of each year over the preceding, has been such, that at no greater rate of progress, the company must, in a few years, pay the current interest upon its debt, and may look forward to an entire extrication from ...its embarrassments." The President of the companies in a communication of the date of the fifteenth of October last, in reply to a letter from me, of an earlier date, says, "In estimating the resources of the State for the ensuing year, I think you may assume with certainty that the State will receive, punctually, the current interest from these companies;" and furth- er, "whilst, therefore, I am loth to pronaise anything, the failure to I A ] 20 preform which, though without our control, would lork like a breach of failh, I can express to you (lie expeciation honesil}' en- tertained, that we siiali be able next year, besides the payment of our current interest, lo niake a decided impiession upun the ar- rears,'* The Susquehanna and Tide Water Canal Companies may, therefore, I tiiink, be confidently rehed on to continue the punctual payment of the annual interest due from them to the Treasiny, and in the absence of any unforeseen casualty not only to discharge the unfunded an ears of inteiest, but to apply a portion of their earnings towards tlie redemption of the debt incurred, for their benefit, by the Slate.
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To quickly assess the difficulty of the text, read a short excerpt:
A tabular statement contained in the last annual report, shows a gradual increase of revenue vvithin ten years from $41,558 37, in 1840, to ©138, 013 66, in 1848, a gain, in receipts, in favor of the latter year of $96,455 29. In the same report it is remarked. 'Hhat the average increase of each year over the preceding, has been such, that at no greater rate of progress, the company must, in a few years, pay the current interest upon its debt, and may look forward to an entire extrication from ...its embarrassments." The President of the companies in a communication of the date of the fifteenth of October last, in reply to a letter from me, of an earlier date, says, "In estimating the resources of the State for the ensuing year, I think you may assume with certainty that the State will receive, punctually, the current interest from these companies;" and furth- er, "whilst, therefore, I am loth to pronaise anything, the failure to I A ] 20 preform which, though without our control, would lork like a breach of failh, I can express to you (lie expeciation honesil}' en- tertained, that we siiali be able next year, besides the payment of our current interest, lo niake a decided impiession upun the ar- rears,'* The Susquehanna and Tide Water Canal Companies may, therefore, I tiiink, be confidently rehed on to continue the punctual payment of the annual interest due from them to the Treasiny, and in the absence of any unforeseen casualty not only to discharge the unfunded an ears of inteiest, but to apply a portion of their earnings towards tlie redemption of the debt incurred, for their benefit, by the Slate.
What to read after Message of the Executive to the General Assembly of Maryland : December Session, 1849 1849?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly to read onlineMoreLess
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