Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1830-03-08

n the work produceds profit OF 6ths per cent only,
il enough for their purposes. But tins provision
is repealed and for the future, ndiv duals and
the Commonwealth stand on the same Footing j
hazard the prediction that, hereafter, there will be
but few If any instances, any part of tho State, of
individuals subscribing for three fths of the stock
In any joint stock company.
repeat it, sir, that If to have this road at
ALL 1t must be made by the State. presume no one
present, would object to the lonn and the approprin.
ton, If he morally assured, that the tolls would
pay the interest, and furnish moderate surplus for
the cxiinguishment of the debt. Now. ask, what
better evidence the admits of than have pro-
duccd, A view of the map is almost satisfactory in
itself. The Chief Engineer, whose. scientific &C
graphy of the State. derived from long and laborious
experience, enttle his opinion to much confidence,
pronounccs, unequivocaly, that the work will ba a
profitable and useful one. Two distinguished CO.
vcrnors, sitting at the helm of affairs, with every
channel of information open to them, and prcsup-
posed, from their elevated station be of wis
dom and experience. have arrived at the same con-
clusion, md warmly and repeatedly recommended
this work 10 the patronage Of the Legislature, the
exact shape in which it is asked. The Board OF
Public Works, composed Of intelligent mcu from all
quarters of the State whose especial business it is to
preside the subject ofintcrnal Improvement, have
also, on two occasions, deliberately, expressed the
same opinion.-What more can be required, Do gen.
tcu,cn still insist the evidence furnished by the
fact. that individuals willing to embark their mo-
ny in the adventure? trust, have sufficiently OK.
ver that fallacous as it is, it cannot be expected
whcthc for good or evil hereafter.
But suppose the tolls viii not cover the interest on
the expenditure. The finances OF the State are all
IN flou rishing condition, and well bear the
charge. The report Of the Auditor shows that on
tho LIST OF October 1929 there a balance in the
Treasury OF $4,000 r. and that on the LIST of Octo-
Der 1880, after defraying the expenses of tho Con-
be probable balance of SeI sos 81. In the Litera-
ry Fund, there was the LIST Of October 1929, an
uninvested balance of S38 ,317 81 and there will be
in addition for the future, annual unappropriatcd
excess, OF the receipts beyond tho disbursements oil
sI169s 42. In the fund for internal Improvement
there Incorporated balance on 50ih of No
vcmber 1899. 60. At the close of the cur
rent fiscal year. there will be estimated balance of
S26 532 90. At the close Of the ensuing fiscal year
there viii be probable balance of S5i 1855 SO, to
which may be added the sum of 81 ,I35 90 the sun,
due account Of the dcau: oftie late Treasurer not
yet paid in. After the Both of November, 1891 ,
there are no ertra charges the fund, and the
operations ofte fund continuing uniformly there will
be thenceforth all annual excess of the income be-
yond the permanent charges Of S35,390 80. The
interest on the proposed loan of 500 900 is $1,000,
and before one cent of IL would be wanted there will
be in the fund balance of more than $50 600, and
an annual surplus of more than $50, 900. Is it I'M
rcasonable-s it very extravaganza to ask, in fa-
YOUR of portion Of the State, equal TO onesixth of
Its whole territory, for q equal to ninth
not of the fund, of what remains of the fnd--but
one ninth of its annual unsppropriated surplus.--
But this sum will not be lost to the State 1t
amounts TO less than Si000--thc n. West pays a
revenue of $4,000, and if by The increased value of
lands and taxable property, affected by this road the
revenue be augmented 10 per cent, the Treasury will
be reimbursed by silent and process If not
in the shape of tolls by mode equally cfiicacious
and certain. But, sir, the will be increased
not l6 per cent, but SO per cent, and we shall be
able to pay $4,000 instead of s25 900 into the
Treasury. Sir, my constituents believe and be-
eve, that we have just claims to the appropriation
we are now asking. Since the creation of the fund
for internal improvement in 1915, there has been
expended III other quarters of The State S. 1856, 203
in the shape of stocks and loans-while IN terrific
~ equal to one-sixth of the whole, and containing
population of tenth, there has been expended q
sum not exceeding $4,000, appeal to those who
are interested in the James River improvement,
which has enjoyed in such prousol the bounty the
government; / appeal to the members from the s.,
who practically acquainted with the advantages of
great thoroughfare leading through their country 81
afiording them market at their own doors; 1 ap
peal to gentlemen from those quarters of the State,
that have profited by the expenditure Of more than
81 1000 900, 10 say whether now entitled
to some aid. The road IN question, is all that we
want. No other improvement of Importance, can
ever be urged on the patronage of the Legislature
in this shape, with any degree pausibility. Give
US this road and ifyou fear further importantly my
constituents will give you bond and security, TO be
filed in the archieves of your government and sued
upon when there is breach ofthc conditions to trou
bic you no more.
DO gentlemen apprehend, that though convinced
themselves of the propety of making this appro pria
ton their constituents will not sanction their votes,
Go tell them, of the wants and necessities of this fer
tile tract Of country, whose immense resources are
now lying latent and undeyeloped in the bosom of
the mountains, for want of the leans of approach
ing market. Tell them that It is proved to yo3.
beyond The possibility OF reasonable doubt. that
the tolls will moro than coverfhe on the ex-
penditure, and even ifIt were otherwise, that the
prosperous condition OF the finances, justifies the
charge Tell them, that wbie 81 900 900 have been
expended elsewhere, in the State, this section has
received only $4,000. Tell them that by this time
ly act Of Justice, you win have done much to aay
the sectional eaouses and exctcments Of these dis
tracted times, and to hush the mrrmur of discomfort
which is beginning to be heard in every house be-
yond the mountains Tell them all this, and iftherc
be relic of patriotism amongst them, my life upon
1t, they Will justify you--nay, commend you.
CONGRESS-.
THURSDAY, March 4, 1850.
on I.ft ain