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MARYLAND LEGIsLArURE.--Mr. Poultney ha:
proposed, in the House of Delegates the enact
ment of bill to enable the owners Of real estate
and chattels real, to relieve themselves from the
annual payment of taxes for interest on the State
debt.


The bill provides that after the first of June
next, the owners Of real estate, or ehattels real
may exempt themselves from annual payments Of
taxes levied on the same to pay interest on the
State Debt, by paying TO the Treasurer of the
Western Shore sum equal to the principal OF
the annual tax computed at SIX per cent. the
Treasurer is directed to invest the money thus
paid him, in the sinking fund, lor the purpose OF
buying up the State Bonds the annual yield OF
the investments to be applied exclusively to the
payment of interest the public debt; and it is
made his duty to keep in his Office record show
ing the property so exempted from taxation, the
character of the investments, and all other par
ticulars necessary to exhibit precisely what has
been done under the provisions of this act.