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Actual debt Of the city. .$495,ol4 81


These works do not paw the income due from them an
nrnly into the Treasury and the burden of the debt
contracted for their construction falls upon the city trea
sury The Baltimore and Ohio Railroad has paid some
very fair dividends, but nothing the amount due


This work is rapidly increasing in productveness, end
must ere long be very profitable property 1t s one Of
now, although not more than half finished, great
rhoroughfare. The further 1t extends into the West
country, the profitable it musi be-
The public works Of Maryland in which the State end
the city OF Baltimore interested progressing in
proiuctveness rapidly could have been expec
ted Estimates are invariably made in relation 10 the
eapts from canals long before the works
ell placing the amount almost the first year. high enough
the Of expenses and the interest the
cost, Sc These calculations have long since been de
stroye and estimates abandoned The business
cfour railroads has generally exceeded the estimates Of
the most sangune and these channels Of transportation
mua rapidly for the future than they have
for the past Amy railroad in this country rightly
aged, WILL in time relieve itself of any debt that may
have been created and pay fair dividends tue outlay
Our canals increase rapidly railroads. and
pay that large per the The indebted States


must depend upon the income from the works commenced
end completed for relief from the financial difficulties un
der WEIGH they labor ond until these works pay the in
the great ouays require the State creditors
remain contsnted with the existing state Of things.