Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1831-04-19
toR THE WHIG.

TO The People afReersJurS.
nave heard oil late good deal of discussion the
subject of the procrcd Legislature Petersburg
probable extent and and moG Afford to , Gpnn a" 70
was Induced (solely with view satf MYSELF
II you think them worth inserting valuable paper we'll
ana good otherwise pat them aside Tine calculations are
Correct my premises may be wong SO let hcm he nken
lot what they worth
To simply calculating took the loan of the State a,
Sl56 900, being just 26 annual sialmcuts each
now if ,he Rail Road Company these stancns
cen, stock they wo a, the en of Ss m rsya' in per
session OF S26l 900 los of which beng the into e.t mon the
annual investment, of $4,000 per cen, stock for D years
say Is years because last n,ent OF So 600 weuld
nor he payable untl the end Of % years
derived upon the last payment - discussions which
nave heard the question has uniformly asked-Nha,
9e nar OF the State probably worth the Rail Company
nr"osh' INTO market and sold for CASH ro this question
head no satisfactory given. To satisfy myself
took I'h hs s oush o to sell for in the money market
na sum invested in cent stock for 26 gives the
per cent stock annually 26 years
s9S5: these two amounts added the $4,000 o,akes
disposed pr stock tia, they can wei
afford 10 give ssl geo in ready cash for S56OoQ payable in
annual instruments OF $4,000 for 26 years,
We have examined with some attention the
subject Of the above communication, and find our
correspondent to be mistaken in the result.
The State subscription is payable at TIL, rate of
$4,000 in each year, until the os one hundred
and sixty thousand dollars be paid. The first Of the
series is equivalent TO cash--and ssume the first
six thousand dollars paid-Six THOUSAND dollars
thereafter for twenty five years. and four thousand
dollars IN The twenty sixth year, will borrow, pay
che interest on and redeem eighty fire Mousand sig
hundred and eighty nine dollars The present cash
value OF the subscription to the company, therefore,
* is S91 ,6ss-In making the calculation we assumed
the interest TO be five per cent, which above the
sArate at which money may be obtained on such Sc
. curty
With the view TO the equality which ought to
exist between the ratio of contribution and recent
among the members of the company the act pro-
vides, that the company's dividends shall be dis
tribued between The State and the other subscribers
$50 to do eract justice between them.
y The following is the new Arrangement of the
judicial Districts and Circuits viz.
FIRST DISTRICT.
LIST Circuit-Southampton, Greensvie, Surry
Isle of Wight, Nansemond, Princess Anne and
Norfolk.
Cd Circut-Dinwddie Nottoway Amelia. Bruns
wick, Sussex, Prince George and Petersburg
SECOND DISTRICT.
Sd Circuit-Chares CITY, James City York
Warwick, Elizabeth City, Northampton and Acco-
mack
4th Circuit-Kng William, New Kent, King
and Queen, Essex, Middlesex Gloucester and
Matthews.
THIRD DISTRICT
5th Circuit-Lancaster, Northumberland, Rich
mond, Westmoreland, King George, Caroline and
9th Circht -Fauquier, Loudoun, Prince Will
liam, Fairfasaand Stafford
FOURTH DISTRICT.
7th Circuit--Chesterield Powhaan GoochIand.
Hanover and Henrico.
9th Circu;*--Cumbe land, Buckingham Camp-
bell, Bedford and Lvnchburg.
< FIFTH DISTRICT.
9th Circut-Halifax. Charlotte Prince Edward
I,unenburg and Mecklenburg.
10th Circuit-Grayson, Patrick Henry Fya kiln
and Pittsylvania.
SIXTH DISTRICT
18th Circuit-Fluvana, Louisa Orange Madison
and Culpeper
18th Crcuit-Amhcrst, Rockb-idge Nelson AL
bemare and Augusta.
SEVENTH DISTRICT.
18th Circut-Jefferson, Berkeley, Morgan Hamp.
shire and Frederick.
18th Circul-Poge, SHENANDOAH Hardy, Pendle-
ton and Rockingham
EIGHTH DISTRICT.
18th Circuit-Lee, Scott, Russell TazeweU and
Washington
10th Circuit-Wythe, Floyd Montgomery Giles
and Monroe.
NINTH DISTRICT.
18th Circuit--Botetourt, Allegheny, Bath, Poca
hontas and Greenbrier
18th Circuit--Fayette, Nicholas, Randolph, Lewis
and Harrison
TENTH DISTRICT.
10Th Circut-Wood, Jackson, Mason, Cabell Lo-
gan and Kanawha.
Goth Circuit-Preston Monongalia, Tyler, Brooke
and Ohio.
HOUSE OF DELEGATES.
VeS tPrda mot Mr. he