Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-11-30
since discontinued to loan money for Any otis

Tour OoS0tent servant, .t.r ...
BENZ. HATCHER, President:
John Preston, Esquire.
Treasurer of the commonwealth of Va
On motion OF Mr.. Robertson,
Ordered, that the said communication
from the Treasurer. with the accompany
ing documents, be laid upon the table.
A communicated from the Governor was
received and read as fellows:
CouNclLs CHAMBKR, Nov. 18th, 1914.
Fellow Citizens of the Senate
and House of Delegates,
The Executive lost no time in endea-
svouring to effect the object of your reso!uti.
on, directing them to borrow two hundred
thousand dollars, for the purposes disclosed
in tic resoistioa. A verbal application was
made to the Farmers Bank to learn the
terms on which the loan could be negotiated.
have the honour to enclose their reply to
this appiication-By which it win be percei-
we'd, that the sanction Of the Legislature is
necessary to the proposition, provided they
approve the terms. must beg leave to
suggest to the Legislature the necessity
of speedy attention to this subject.
Js.t BARBOUR.
The letter from the President of the Far.
mers' Bank of Virginia, inclosed 10 the said
communication, was read as follows
FARMERS BANK OF VIRGINIA.
SIR,
The resolution Of the Senate and House of
Delegates, authorising the Executive to con.
tract for a loan of two hundred thousand
dollars, for the use of the commonwealth,
has, agreeably to your request, been submits
ted to the board ofDircctors for considera>
tion--On which they came to the following
resolution
Resolved. thatthe whole sum of two
hundred Thousand dollars be offered on the
following conditions, viz.
The Farmers Bank will loan the Com
monwealth two hundred Thousand dollars, at
seven and an half per centum interest,
pay able half yearly, provided law shall
pass, directing the Treasurer tore.
imburse the said loan out of the first money
that shall be paid into the Treasury, from
the revenue OF the year 1916 and as soon
as law shall pass conformably to the above
conditions, thus sum shall be placed to the
credit of the Commonwea tn. payable to the
warrants of the Auditor oil the Treasurer
only, whose duty it shall be to mark on the
margin of such warrants :" account of the
loan to the commonwealth"
The Directors having recently had before
them proposition from the United States
60 loan a, eight per cent consider that their
them in making the rate lower than that
expressed in the resolution.
am, respectfully,
Your o5edient servant,
BENZ. HATCHER. President.
His Excellency
James Barbour, Esq.
On motion of Mr. Robertson,
Ordered, that the said communication
and letter be referred to a select commit
tee, with leave to report by bill or other
wise And a committee was appointed of
Messrs, Robertson, Stanard, Mercer, Wat,
kins Of Charlotte, Marshall, Watson, Lane,
Archer, Estill, Battaile, holland, Barbour,
Thompson. M Rae. Banks, and King:
A communication from the Auditor of
Public accounts was received and read as
follows.
Auditors Office, 18th Nov. 1914.
To the honorable Speaker and Members Of
the Legislature of Virginia,
Gentlemen,
BY the first section of the act passed at
the last session of Assembly entitled ssan
act changing the fiscal year of this cons
monwealth and for other purposes" it is
made the duty of the Auditor to suggest to
the Legislature such alterations in the RI. .
venue laws IS, in his opinion, would pro,
mote the public good In compliance with
that duty, beg leave to submit the follow.
ing:
1t has been the practice of sheriffs going
into Office, to give bond for the faithful
| collection of hetaxes, 1durihg their continu
ance in Office. The Court OF Appeals have
decided that bond given by sheriff. on
| his first coming into office, for the collection
| second years collections, as the sheriff, by
| law. acts under new commission. Would
| it not be well to require OF them to give bond
and security for each years collection
! The law passed the ninth day of Febrga.
| ry, eighteen hundred and eight, entitled
| An act to amend the several acts prescribe
| ing the mode of ascertaining the taxable
property within this commonwealth, and for
collecting the public revenue. and tor other
| purposes" authorize the General Court to
render judgment without notice against any
delinquent sheriff, at the next succeeding
| court after such delinquency: 1t is pre-
sumed that much trouble and expense
would be saved, if the court had power to
render judgment against the securities at
| the same time for, in many instances,
there are from ten to twenty, FIVE securities
to bond; and. when the principal shall
have proved insufficient to discharge the
public dues, notice must 60 to each of the
securities.
In many counties there is difficulty in. get.
ting sherifFs to give bond for collection Of
taxes in consequence Of which, the taxes
| remain unsolicited for years after they be,
| come due from the people: This occasions
loss to the public, by insolyents and re.
movais. OF at least two per cent. and the al.
| iowance by the Executive to collectors Of
these taxes has been in many instances,
from fifteen to twenty-five per cent. A