Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-12-16
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VIRGINIA LEGISLATURE.
HOUSE OF DELEG.aTES


Friday, Dec 12.-Tha following very interest
ing Report on the state OF the Literary Fund, and
the FUND.- for Internal Improvement, was made by
MT Miller OF Powhatan, on the part OF the Com
mittee appointed to examine the % Auditor, Office.
eve lay II before our readers, for tn. purpose Of
enabung them to make their estimates on the
resources and prospects Of these great Funds:)
The Committee appointed to examine the I'd Au-
uitor . ofhce, have according to order performed
that du'y, and respectfully submit the following
repsrtto the Ii. of Delegates.
The Committee have carefully examined all the
eipts and disbursements from the Treasury
which passed thro' the Department of the I'd Au-
dior, during the year that ended on the 9otb Sent
las, well in relation to the Literary Fund as to
the Fund for Internal Improvement and the James
River Company. They discover that all these ac-
counts have been kept in the most accurate man.
ner, and the vouchers 10 sustain every item in the
ofhcai report, have been submitted to their in pee
lion and approved The whole operations of this
Department have been most clearly and in,ellipi-
biy laid open to the inspection Of your Committee
AID they have perceived nothing to recommend
either in the order OF keeping the accounts or the
general arrangements OF the Office. The exami-
ma ion OF your Committee presents the following
re- ults IL. AS to the Literary Fund-he amount
OF which actually available, is 81 200 ,S56 80
the gross amount as the I'd Auditor states, is
81 ,45S, 1856 S5-but this sum sioulI be re-
duced by $3.50, 900, the grant to the University
hity-cight thousand, four hundred and forty-one
dollars, eighty cents, due by the estate of
Jno. Preston, decd, and which in all probability,
will never be recovered G49 As from Preston
smith, IN The same SITUATION, and SO 900 lost Oh
the purchase and sale Of u. s. Bank Stock. These
different sums amount to 1887 $40 SO, which d.
Quoted from the gross amount Of 81 ,45S, 796
30, Will leave the real available fund as before
stated; and which consists in stocks and loans, Of
various kinds as exhibited in the report Of the Cd
Auditor.
I'd. The Fund OF Internal Improvemept-The
amount OF productive stock is 8 ,604 ,400--smount
OF unproductive stock, $465,l26 81. Some Of this
latter stock may, at distant day, yield an income
but, the fact that large a sum should have beef
unprohtabiy laid out, in the period Of Is years,
should, IN the opinion Of your committee, teach the
General Assembly caution in regard 10 further in
vestments.
expended on the James River, the Kenavha ri.
yer and Turnpike, amounts to 81 ,26O, 600 The
annual nett revenue derived from all these i'm
provemeDts, is S29,673 50--the interest upon the
DEBT Is SIi,o!o 3i-so that the annual disburse-
nens exceed the annual receipts by the difference
between the sums,yiz: 1854 Al; which amount
IS charged every year on the income Of the Fund
for Internal Improvement
1t appears your Committee, that much loss has
arisen 70 the Literary Fund, from the negligent
manner IN which the School Commissioners of diff
ferent counties perform their duties While the
Committee state with pleasures that these Commits
sioners, IN many counties, furnish gular reports
and execute the trust reposed in them satisfactory
~, beVertheiess, their conduct in other parts OF
the Commonwealth Is far otherwise in some
counties, in which large quotas have been drawn,
there have been TO reports for several years; and
the sum OF money now in the hands of the School
Commissioners, unaccounted for, amounts TO up
WARDS OF Sfv,oOO. The present laws impose a
fine upon each Commissioner for not performing
his dnty and making report annually; bu, Il is The
business Of no person 10 enforce the ,ensity.---
Your Committee would therefore recommend, that
whenever reports are not made in the manner pre-
scribed by law, to the President and Directors Of
the Literary Fund, itshsu he the duty of the 81
Auditor forthwith, TO write TO the Attorneys
OF the Commonwealth for the counties whose
Commissioners may be delinquent. urging then,