At the time of annexation the Maryland Colonization Society had on hand
some $6,000, which was invested, and the interest devoted to a school at
Cape Palmas; in connection with this trust its existence is prolonged.
Up to the end of its period of activity it had received and expended
nearly half a million dollars; the balance sheet of December 31, 1857,
may be of interest:

State Appropriations, ........... $ 930.00
State Colonization Tax, ......... 12,851.00
Colonial Agency, ................ 1,091.85
Columbia Expedition, ............ 248.88
Stock of C. & L. Trading Co., ... 1,250.00
Mdse., .......................... 104.62
State Fund, ..................... 241,922.16
Contributions, .................. 45,385.74
Profit and Loss, ................ 139,972.31-1/2
J.T.G., Colonial Agent, ......... 126.70
--------------
443,883.26-1/2




V.

THE REPUBLIC OF LIBERIA.


The History of Liberia from this point on assumes a peculiar interest.
The capacity and capabilities of the Negro are subjected to a crucial