Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-03-12
Mr.. BoLLlNG's REMARKS.

been influenced hy no other Considerable, ,tn -
sense oil public duty.
Mr.. BOLLlNG,S REMARKS
The engruSSed hill 'approria,iuq ,he pu,i;c 30
venue winch had been laid on the table was taken
up, on motion iMr: Boiling of Buckingham
motion was made by Mr.. Ciun,p OF Cumhe,l,nj
mat the last blank Ia the said hii be so filed as a.
appropriate, 10 the sinking fund, the sum Of ono
hundred thousand dollars" wtereupon Mr.. Bollinr
rose and said
Mr.. SPEAKER: move 10 M that blonI :, ,bo
bii' wnh the words " ten thousand dollars" T an,
opposed 10 filling it with the words g one hmoIred
thousand dollars, because such sum can he re-
CURED to pay of and discharge any puLIic dcb,
which the stale now owes The only uu,I;c LII,
OF Tie state with which nm acquainted and which
remains yet TO he paid, is Ir,ance due on accoun,
VI lhe expenses injured curing the revolutionary
way, amounting 10 the Of forty eight thousand
uoIiars ana bearing interest of six per ceniun, mo-
annum. ~ ~ ~"
u rs true that tins balance ought hing since to have
ueGn discharged And have nD doult chat /, will
I've found 10 he equally ruc that il will excite tho as
tonishment OF our consttucI - when tlcy hear Tia,
Notwithstanding the very Iar,c sums that have Lncn
,e,"nNeu 10 us ny the general government since the
i'e war, anounung altogether 10 UPWARDS of one
million, seven hundred thousand dollars, this co,,p,-
ra'iVey pitiiu balance should sill reuaiu upuaJ
an" u"t asoHIsmeni viii he heightened i'm no small
degree, when they learn fiat the whole ,ic. oC H.
commonwealth nj the close oil that war evcs;,a ~
the civil list, scarcely amounted To The sum Of one
m''l'on oil dollars But WHEN they come TO find ,,at
uIe whole OF The money refunded has been expend.
eu tai over and aho' this they have been made
to pay for this sinking fund additional tnxcs 10 Inc
mount oi from Il hundred, Il lnnrlrGd and ion tbou.
sana uoilars year, until they have paid upwards, OF
SIX hundred thonsand doiIats, bcinr under the i'm
pression MI tie while tiii il was for tie purpose ol
paying on the debts of the state when in f,c, mn
such dehs existed, except the balance of the old mill;
hty ceF"Hca;e debt before mentioned and which sfilI
reIna'hS unpaid say, Sir, when The peoDle come
TO Know all these things, their astonish mem, I an
prchcnc will be changed into fcc!inqs of The hoas,
indignation and contempt
Perhaps IT may he said tissf these annual appro-
Pfa'IonS, TO the sinking fund, of from 2 100 600 10
ilUOUe additional .axas levied on the noo,,le ,,.s
ana IS necessary TO pay of debt of $50 coo dnc IN
tue literary iurd and bearing an interest OF seven ne
oIn,,n, anH tle Old military certificate debt Of
ABOUT sixty eight thousand dollars, partly owue by
tha same land, and bearing an interest of six nor
centnni per aHnum. Should this, however. sbo said
!! might inca well become qucsrio,, what is this
literary fund.- in what way and on what .rco,n, AT
VIC become indebted 10 il and TO whom, Hoes !, To-
long? '''' '''' u ''cr
am not quite sure, Sir, thai it will be perrectly.io
orer, agreeaby to the rigid rules of this house 70 10
mo an examination of this question But as dee,n
" essential 10 my purpose TO do So in order TO sc,y
NAT there is no necessity for fn, the blank in Tho
rlli yum TIE sum proposed by Tie gentlcman rom
' ~, IN adopting tins course trust / shall
mcet win The Indulgence OF tue House, and ,hut
siais not he considered as trcssmssnr loo ,r f,-r
their rules 80 49," w"
understand the literary fund TO lie n fnnd form
In ITS origin it appears to have been co,nroseJ
sneliJ vi mes, iorieitHres and amercenients ghus
clea'Iy eNGencing that the Original intention Of its
I2'ma'ion was simply TO render tue vices and fnies
VI H'lhIhu sitii5EfVient 10 The promotion Of sceuce
ana virtue. But this like all other evils il, society
commencing nj first by slow and humble beqioningS
has now swced ont into such AZ alarming sz Z. and b
bfcone so rapaciOuS as seriously to i,,,eo,o, a.
s""PW,hs "Pibe greater pat Of tic reyennc Of A,c
s'ar. Lrt us see OF what materials il is nov RIM,
poSo" nc literary fund, as ~ present ornanizs1
so"siSS oI escheals couiscaiiOns frfeitures 6ue -
HmtIoements derilIcf personal ptoperiv ept,Ins ~
mhita hncs, residauns of insesatts' estot,a ,,Ier
c.r'aiD circumstances, surplus Of the ebt oC The r.
h'eu States, lands forfeited for non paymept of txes
[ i,u IoF redemption Of aPts, proceeds Of the
SAFES ~ ulebc lands under certain circi,nstonces
,ne DfstOe estate, lottery privileges a lnan IL
0U,OO TO ihe james rIycD conipapv Io,n ne /, -
19snrdly calIee) Of 10000 to the University Of
ms,'n' i?i Snnres 81 The James river canal stork,
upwards i . $1,000 Of United States per cent
stock, upwards Of 3 10000 Of Virginia s Der cen,
STOCK, $1la,eO0 OF Virginia Z peP con, .tocL 200
81" cs ~ United States Bank SOCK 1862 shares or
pink o. Virginia stock ! i2j shares Of Frurr3 Ro,l
OF virginia stock, about 10000 in cash, ,,,v,rs
% SOUOO remaining unaccountcd for in the hands
Oi tne ieasnrers 81 the school commissioner c,;n
o. ie rue treasurer Tor near $4,000, and clam on
"'c Cl''eu states lOE interest due on loans lie A.
considerable. ''"S' we
NY nexi enquiry viii be, in what way and ON ,yLa,
account d'd we become indebted to ibis fund
Ihc examination Of this question disclo,es somc
very important and interesting facts in regard 10 lie
ponoy heretofore pursued by The legislature Of viz
g'p"' ana winch ~ my humble Judgment, deserve the
pDst scr ious and attentive considerations NOT only ,f
fuss House, bot Of the public nj larpe ybe L;,},
o. ih,s Csc, 4 have been correctly informed. i
prt hy 'his During the aCc war, large sums of s,o.
wy were borrowed from tune TO time by the Iepisa
sgFe q virginia. Of the banks in this place, and loan
ed To the general government 10 enable 49,
promptly TO provide for the defence OF this stair
anu al tie same ilme additional taxes were imuosed
epoh 'nc people, sufficient in the estimation Of The
rs s'eurcJ 10 reimburse these loans 10 the banks
lhe proceeds of these additional taxes. howcycr
were Hot 50 applied bnt were spsied,- toacfl,cri