Message of the Governor of Maryland, to the General Assembly, January Session, 1864 (Classic Reprint)

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Excerpt from Message of the Governor of Maryland, to the General Assembly, January Session, 1864 Although the stock was upon its face redeemable at the pleasure of the State, it was a question whether, without some Legislative Act expressive of that pleasure, the State Officers, who had negotiated the Loan, had the right, and without the consent of the holder, to redeem it by payment of the amount due upon its face with the interest accrued. Rather than pay interest until the next Session of the Legis lature upon a sum not required by the Treasury, I concurred in the propriety of that Department offering to pay back to the holders of the Loan, the amount of premium which they had paid on it, which proposal they accepted, and the whole amount of that stock was consequently redeemed on these terms, costing the State only the interest thereon for the few months of its existence. The nett amount of the National Tax therefore due from the State for 1862, and which was was paid into the Treasury of the United States before the 30th of June of that year, and without making any addition whatever to the debt of the State. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.