Agency history, 1834-1851.
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Maryland. Commissioner of Loans
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The Laws of 1834, chapter 279 authorized the governor (with consent of the Council) to appoint the president of a Baltimore bank as Commissioner of Loans. The Commissioner was responsible for overseeing the existing state stock as well as future stock issues. Formerly a responsibility of the Treasurer of the Western Shore (Laws of 1821, ch. 88), the explosion of stock sales needed to fund various internal improvements - turnpikes, canals, and railroads, in particular - required the ...
