Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-01-27

Dock Company Of Sl2,5OO, $50 90
For do. to d. S. Canal Co. Of $50, 900, 5000 90
Fur do: do. do of $1,000, $3.50 90
yer Company Loans, $4,000, 5000 90
s6,633 so
To which may be. added;
Surplus Tolls and Rents from Lower
James River Co. estimated at 246O0 90
Do. Blue Ridge Canal and Kanawha
Road, do 5000 90
Do. Kanawha River, do. $500 90
Balance in the Treasury on 30th No.
vcmber, 1928, 1877. 81
Total probable receipts withnthe year, 1l3,7O5 IL
Total certain s. probable disbursements
in the same period, lO3,37I 90
1884 IL
The excess Of receipts over the charges
meratei, here represented, is Sl5, 1874, IL, but
as the receipts dependent stocks OF different
kinds whose dividends vary, and as the charges
| may and viii be increased by subscriptions to
companies that have not heretofore participated in
the Fund, the relation in which they ale exhibited,
| will be changed. There may be an excess after
| the engagements OF the year shall have been COM
Piled with, but IL l. more probable that there will
be deficit In the first place the balance repre-
sen'ed to be at the credit Of the Funds in the Trea
sury will be diminished by the sum of s. ,CSS So,
| the deficiency ascertaned to exist IT, the ae-
counts of the late Treasurer. 1t is moreover pro-
| paoie tha' DISAPPOINTMENT VIII be experienced IN
the receipt oil ,accruing within the year
loans, made to the Dismal Swamp Canal, us a
| communication from that company recently re
ceived. represer.; their funds to be entirely ex-
hausied in the Prosecution of their work, and asks
1 for suspension of the paymen mt of interest until
the receipts OF tolls, the only resource OF the
| Company, shall give the means of paving.
The estimate ofreceipts from other sources, how
ever, is formed upon low scale, much so, that
1t may be confidently expected, that the in
n he Hat, e
| the Banks and surplus tolls Of the James River
Company will be equal in amount, owe aud above
the estimate, TO the sum substraced by the abeve
cases.
In the estimate of receipts is included the surplu
OF tolls OF the James river Company. 1t has been
| asceFtaned, however, since a arrangement in the
Treasury Department occurred, that there is a
deficiency OF $ IL i05 o. in this fund. This cir
cumstance may produce Inconvenience and pre-
vent compliance with the engagements entered
| into by the Board unless a remedy be applied
This can be eff cted by Legislative aid alone and
two modes present themselves, which are submit
ted TO the consideration of the General Assembly
The deficiency may be replaced and rendered a.
Val able for the purposes required by the passage of
an act authorship the payment of warrants not en-
ceeding in amount i IL, -l05 80, drawn by autho-
rity Of the Board of Public Works out of any MO-
ney in the Treasury not otherwise appropriated or
by giving authority TO the President and Direc tors
| OF the Literary Fund to lend, and TO the Board of
| Public Wo,ks TO borrow that sum-This last .up-
geston is made from belief that the first named
! fund has generally on hand surplus ruual to or
exceeding The amount required Ii j. confidently
believed thai the sums substracted from the Trea
sury or either of the funds mentioned will be-
fore long ba replaced, and as no hazard is incurred
1t is respectfully recommended TO the General
Assembly to pass an at providing for the exjs,ino
deficiency by either of the modes mentioned or in
any other way which in their wisdom NAV seem
best
review of the State Of the Fund will shew an
improvement In It's condition, and warrants the sx-
pectalon OF greater benefit being derived from l..
than has for some time past been INDUCED 1t
VIII be perceived tina; the aggregate amount of the
Fund has been augmented hy the sum of
SoS,oH Oh, but what Is a source OF higher gratiG-
Gaaon anu gives promise OF greater utility is, that
the portion oil the disposable Funl yielding rcve-
nue. has been increased from S l95 300 TO S2l6 $50
his faculty ofthe Fund of annually increasing its
capital and oil making its funds applied to one
work OF Improvement, afford the means of encou-
raging anu fostering Other works, il may be ex-
| pected will be brought into more active opera,ion
IN short time. Many works that have been IN pro.
gr'ss oil completion for ye several of which are
oil great Importance, will be fini he'd before lone
"heh IN addition to the benefit derived from their
use, some all TO Tue Fund in the shape of revenue
may De calculated upon. Other works either com
Pie'ed or IN progress exhibit improvement in
their financial concerns, which gives stronger as
sufance OF success than has heretofore been enter
| famed. More full and satisfactory information i,
relation to the companies alluded to- will be found
In their respective reports to which your attention
is respectfully invited.
Alter the notice taken of the Improvement of tho
iuhu'h woum notbe proper 10 pass over in siIence
the burdens or disabilities under which il abonrs
In taxing view OF the stale of the 'und. more
particularly its disbursements the attention is ar
rested 6y the large amount of interest paid on the
James River Company Loans; it will be seen that
whiie the whole amount of expenditure, during
the last year, was $ilS, $3.50 ST. the amount nj ;n
terest paid on account of those loans was S7l.672
oocts out, III order TO form correct opnon of Tho
actual charge sustained by the fund on accoun, of
,hs Improvement, the receipts of the year should
1s viewed IN connexion with the disbursements
ihs Whoie amount OF receipts, within the sauna
| tine, from every source, was SII7226 81 of
which the propof ton derived from the James Ri
yer and kanawha Surplus Tolls, was 800 73l O6
L ne difierence between the amounts paid and re
celved on this account. which is gil 500 A con.
| eututes me burden under which the Fund abors
and renders it by so much the less canabIe of ,;s
pensiDg the benefits which were with reason ~
pected TO be derived from its establishment Tho
only conneXion subsisting between the Janes ri;
yer Company and the Board of Public Works ;s
that created by the Act of the General Assemble,
charging the Fund for Internal Improyenent vUiib
the payment oil the interest loans made for the
oeneht OF That Company. This would make il ne.
cessary IN each annual report of the BOARD l.,
which view of its fiscal afflirg is presented 90
! SPEAK oil The pecuniary concerns of that Comnanv
ana place them in their true light be fore the JeS
! isature. This has been done al each sucreed;nS,
meeting OF the G. Assembly, since the connac,
formed between the Commonwealth and the Jsmes
| River Canal Company; but the BOARD has bo
content to confinc itself TO that single chic, =.
Is doubted, however, whether The Improvement NJ
mat important River, together with the influence
u maintained over every other similar or kindred
| improvement, mol only by the mode pursued. hut