The enquirer. [volume] (Richmond, Va.) 1804-1815, 1806-02-25

cetved during the non:h OF September lSOo, coiitt
tuted but different parts Of the reionrees of year,
com nencn, the 10 of October 1906, and terminal
ing the soth September 1906. My eoneluion how
ever is, that both theie fums Cannot be included il.
the reources of the iane year; and that therefore
the fun of $50 thouiand dollars winch payable the
III Of October 1906, fhould be exYunged from the
climate.
To elueida.c my petition more fully, (for am ex-
tremey ANXIOUS to convince any rerfon that may
to read this eilly that it is accurately
will remark, ,hat it is correct principle III cal,u-
laton, that whatever may be the revenue of go-
'erninent of one year, or whatever may be the III
come o an individual during year, in the court.
of that year, the whole Of the income may
be d'iburied without any injury to, interference
with, the revenue Income of the fubfequeas year
II the itate, for intance has annual revenue of
500 ;houiand dollars, or have income Of { t5O,
She may expend during year the fun Of COO thou-
rand dollars, and may expend ( $50 aud Gill there
viii De no de.aication created in the in
come OF the nextyear. Apply this principle which
too obvou'ly correct to be contrad9ed even by the
rtoute CT Delegates, to their climate. Let the tate
expend from the 1T "f Oetohsr 1905, 10 the 3oth
September 1906, all her actual revenue of that year
and rhce $50 thouiand dollars ailo or in other words
let her expend inthat period Ihcutnd dollars which
the Houie at Delegates Gate to be her annual refour
ces, and what would be the refult? Where then
would he her funds for the next year: where .ould
ne the moneytopay her enlightened financiering leyf
iaiors during their next FELTON, If luch an event
were to take place, then indeed would the Genera!
Aheno'y be convinced of the no entity of their fur
plus
have been thus lengthy in my notice of this item
oecauie it is the largef in the climate and becaufe
ievera others are materially connected with il.
haii III coniequence of their relation each other
next proceed TO the laG item of the climate In
ths item 1t is itated that 3o,432 dolls and II cents
he maid 81,
account OF the tax merchants iicenfes The fame
objections apply TO calculating This fun in the refour
ces OF Year, commencing the fri day of October
1905, and terminating the Soth of Sept. 1906, that
old to the $50 shouiand dos in the fecond item be-
cate the merchants is not payable till the r of
OCTOBER SOC, and Of courie NUT conitute the re-
'ourcrs OF year fnbiequent and not prior 70 tha,
day. Admitting however that this finn of SOf32
dolls ~ cts is part of the reources of rhe year for
which the Houfe of Delegates propofed tn.ir Ell
mate, IL ought be calculated fepara,ey from as
1t contributes part of the fam of so rhouland dol
lars III the feeond item. II is iuppofed that $50
thoniaud dollars will be received during the month
Oh september next, BY the reainrer becaue that fun
was received in the Ian September An ENQUIRY ar;
les then, from what taEes the fam paid in S.pt
1903, drawn The anfsser is, from ali the perrna
nene taxes OF the commonwealth, except from, that on
Ia" proceis which is not payable till the 18th Dec
IN each year and only amounts to II, 500 dollars, Ii
is wen KNOWN that no tax is paid with more DING
tua''ty than the merchants tax indeed rcarcely apy
part oil IS unpaid on the fra of Oaob in each
year. In the fun paid into the tresf,iry during
each Sep, this tax always has contituted YER CON
hderabIe part, hut although the Honle of Dele,,,s
affect tn be guided BY former receipts they uever
eis add the SO thofand dollars TO the 100 tbopf,pd
dollars, and thereby increale the payments ipto TN
treaiury during the Sept 1906 from 800 to 30 thou
iand dollars.
he f3n,s ni,fc u
tobacco which IS alto payable on the firlt of cher
in each year, aud graf portion oft for the r.alons
already hated,is paid in the Sept. prece,iino 60
mueh therefore ot this tax silp will be Maid dur;p
ntxt Sept, Is Not only calculated sproperlv as n,rt
OF the revenue OF year to which it does NOT belong
tis all" calculated both in the $50 thoufand dol
lars ia the iecond item and fepara,ey in ,b ,I H.,
By this node of threatening reduce the e}m,,s ,h
houe of Delegates, 25I64I. "a csstha,is reduce nv
expungmg the 3D. 9Th aud 18th items becaufe tbey
are not only calculated among the refources ola yea,
to winch they do not belong, but bscaufe the tyo Ia
are calculated twice VIZ in the aggregate fun of
$50 thouiand dollars and then BY tiem!eIves. AMI
what e' ME ak had the Houfe of Delegates to do
with the tax OIL law procefs which is no, nayahI.
tlI the fifteenth of Dec. 1906 feyeral months
the current year ends: They nun include ,b;s -,
which was payable Ian December in their clt,,,a,.
oil the arrearages as they termed Of the txes
1904, PAYABLE IN 1905, that is, in the third item
which Calculates ga thouand dollars and car,,;rI
they cannot calculate upon receiving the fame tax
again in one year. This fun fhould alto b. dsd,,9.d
from the grois amount of 50I oo6. ID cts And AFR
the deduction is made both of This fun and RI. oar
Sf'. IA cts-she aggregate of the reiources remains
255.2l3 dolls. 10 CTS.
hall, before co.clude my remarks add - Co,,o
OF the calculations Of the Ultimate but before ,ro.
coed to that part OF the examination mall take mo-
tiee OF two items relative to orr bank Aock The o,s
Hating that 10 600 dollars were received ON accom-,
of interet on the tock in January Ian and the othr
tia. lo,5oo dollars will be received from, thar -four
IN July next In their climate Of the expenditures ofI
the current year the Houfe of Delegates haze j..
cluded the interef which the fate allows the b,nt
OH her ifock not redeemed, and which when taten
together with thefe items in the faternent 6 refour
ces will leave the refnt correct, viz. that we did in
January la receive from flares in the bank, nro
1t OF ,347 dollars and fome CENTS and tha, we oil,
receive in July next, calculating that the bank vii;
make per cent on her capital annually the fun oil
200 dolls But is it correct in the eitinlate or rho
:xPences OF the fate to include the intereh which
hr bank receives on her flares therein which are mt
or paid for (! Does the fate a6fuallv n,,
any money TO the bank do .he directors after de-
inang theinterea whichthe bank draws npop the Mn.
redeemed Rock belonging the fate paw the fur.
plus to the treainrer The latter mode is certainlv
purued for it would he orange indeed that the bank