Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1816-02-19

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Rod OF less than ten ye rs, ana some
time before either offhem viii NJ.
come due.
Should this provision for the pa
ment of the public debt receive ~.
sanction Of the General Asses
and the claim of the commonvos
upon the u. 8. receive the d.. s.iIa
lion which has been proposed u
president and directors of the ~, 'ae
ry fund might be authorised -
vest part Of the sum which ;, ~ VI
thence arise, 10 the new eertieo "ay
Of stock. issued to the banks. - es
to make those certificates cons, :, ss
a part of that fund. An arrsn
ment. the more desirable. as III. 80 So
titicates bear an interest Of {, VIZ
cent. per annum AM alike ADJ, psf
tageeus to the Banks o long a, thu. s
are engaged in an efFort 10 r.dnss
the amount Of their ne;es in 0;roa
lstion.
The cemmittee have also presum.
ed to recommend an increase of II.
customary appropriation to the nnh
lic mandatory efarms. Tie vast.
of arms during the laie war, and IL
consequence of their general dislr;
button, renders this augmentation %
expence, an act Of necessary precsn.
ion against future danger, while a
just economy will be found TO war.
rant. ifnot. to require, such an eY.
tension of the operations Of the ar.
|mory, as shall occasion the interest
upon the fxee capital vested 10 TINT
institution. and the salaries of lis Of.
|icers. to bear smaller proportion.
than they have hitherto done, 10 tic
value Gifts annual product.
Notwithstanding the considerable
addition made, by this report, TO the
former appropriations to this object,
the large appropriation to the cree.
ton and preservation Of the public
arsenals !; the ample provision for
the exiinguIsting Of the public debt,
the creation 0fths fund for internal
improvement, and the proposed ex.
tension Of the literary fund to sum
very little short Of that, the com.
mittee have the satisfaction to an.
nounce to the house that every tax
upon the war subjects, has been e1.
|cluded from the preceding estimate
Of ways and means, and that the tax.
|es upon those subjects which are re.
tanned, have been considerably re.
|duccd.
Without compreheading that par.
of the tax on salt, which was ey
peeted to be levied 10 the counties Of
Harrison and Kanaw ha, the prOpOs.
ed reduction OF the taxes OF The last
year exceeds $4,000 /; while re.
venue is reserved, which, however
light in lis pressure upon a people
enjoying unexampIed prosperity, Is
NOT Oniy fully adequate 10 provide iOr
The future exigeneies. but for tle
accomplishment of the most liberal
and enlightened views OF the COM
monwealth. 1t is also pertinent 10
remark. that al the larger branches
Of this revenue, except the lard tax.
are essentially progressive, aud even
that, tho fixed, by the eqai'i2I's
law in its gross amount. pusi ill.,
prove as the diminution of the nuG'
Der of insolyencies charged upon "
shall hereafter increase The nell ID
come which it yields to The tleaa'
ry.
I! would have been much more 81,
lisfactory TO the Committee aDl
doubtless not less so, 20 lhe ti0dSeO'
Delegates, had it beenin their pOs
err to act upon the susjeets cou'n w.,
ted to their charge, at an eaiI's' . ~
ia ,ba sess;on Of the Genera
Assembly. The delay whieh II ia 1,";,
cured in the performance 81 ' Che
duty is ascribabIe, 10 part, audi.
pressure of business upon ,il' '" MI
tor of public accounts whN ,.om
only prevented the committee s, "
restoring to that officer The de "a he
statements Of the pfogre" 70.
various branches Of the pa',so ..,.
venue in former years, bui OF ". or