HF 10 Ct
Total funded debt. t................ .. 465 $50 Il
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Actual debt of the city. ......... .S493 OLA 81


These works do not paw the income due from them
nraly into the Treasury, and the burden Of the debt
contracted for their construction falls upon the city trea
snry The Baalore and Ohio Railroad has paid some
very fair dividends, but nothing the amoust due


This work Is rapidly increasing in productveness, and
must, ere long be very profitable property is Of
the very beat works OF the kind in the country and
now, although not than half finished, great
rhoroughaIe The further it extends into the West.
sFn country, the profitable it must be-
The public works Of Maryland in which the State snd
the city OF Baltimore interested are progressing in
proiuctivsness rapidly could have expec
ted Estimates invariably made in relation TO the re-
eaips from canals, long before the works commenc-
oil placing the amount almost The frst year. high enough
70 meet the of expenses and the interest on the
cos Sc These calculations have long since been de
stpyea, and estimates are abandoned The business
81 our railroads has generally exceeded the estimates OF
the most sanguine and these channels Of


ua Increase rapidly for the future than they have
Tor the past ANY railroad in this country rigAty man.
aged w in time relieve itself Of any debt that may
have been created and pay fair dividends the outlay
Our canals perer can Increase rapidly railroads. and
pay that large psr cent the The indebted States
must depend upon the income from the orks commenced
end completed for relief from the financial fculties m
der WEIGH they labor ond until these works nav the in
coma The great ouays require the State creditors must
remain consnted with the existing Of things.