Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1834-12-04
While tho in

o''y -, ,od,.,,,ous laborng class III NAVY
-, g.. bave necessarily borne hue"
IN. ;n., proportion Of this ar''hc'a' e"'"'".'
,l,or here has continued TO ENJOY u'' 10 as.an
eli comforts Tie diHiinniion oil inc pun"
al has. in no degree, d,ntaisheu '"' e.J,a ian.
of labor Hence, the cdmpara'fVe q'''' -, ~.
ny tranquility throughout 'Hg''' ,,,,.
scenes of tumul, and disorder VINO" nav %
ted some portions OF neishbor'ng o'"'e" :. a..
In examining the domestic concerns o' "''
Commonwealth the subject whose 'mpor,a"'e
will first claim your consideration, IS inc oo'"''
of ,ts Finances. The receipts into the lre"'uy ~
ring the fiscal year ending with the JUN " "'r
| ,e,ober last have been somewhat less 'hah 'no
mount at which they were cstima'eh ny INC ~.
| mi,,ec OF Finance Of the last Assembly. NC w
t,ence between the Nv o sums has not been cause"'
! however, by Overrating the amount Of revenue
peeted The reverse of this the fact In amos' eve
nv case the amount of the Revenue mas ac'u"y
excet ded the estimate made of II by lhis Oot"''.
tee and in the few instances where this amount Is
less the aggregate Of deficiencies is much more
Than eaualled by the aggregate of exccsscs.-
Hence he reduced amour of receipts into the Ifca-
sury, cannot be nscrlbeJ to any deficiency OF the
| Revenue but the cause of the difference must De
! sought for IN some hing else.
| The mode IN which the estimate of federal re-
ccipts has usually been male 10 CONSIDER the ip-
| posed amount of the revenue of any year, as sum
which will be pald into the Treasury during tha'
year. In point Of fact, however, portion OF TINS
revenue has been actually received into the Irea-
sury, and constitutes part OF tho balance found
there al the end of the past fiscal year. Thus II
sum longer due, is computed IS ono still paya-
Die. THIS, aIthou,i obvious cuor OF calculation,
will not pro iuce any material difference OF result
| a, nnEF
alton continues II may be estimated very properly
that whatever portion OF the revenue of current
year may have been received into the Treasury du
ring The fiscal year preceding, like amour, OF the
revenue of the succeeding year, will come lhio the
Treasury during the current fiscal year. So that
whether these equal sums be both included or eX-
| cludcJ the result will remain tie
This result viii vary materially oulr when u
change takes place in the system Of taxation, or
in the circumstances that influence the collection
| Of the same taxes. The latter was the duiiog
die past fiscal year. I he distress Of the country,
| caused by The arrangement OF Its circulation, conse.
quent upon the measures Of the Federal Govern
mcnt, necessarily occasioncd the payment of the
taxes TO be made less promptly, and tho collection
of them more difficult, than has usually happened.
Hence a much less amount o. the revenue OF the
present ycur, has been received into the Tteasu-
year, which was received during the preceding.
Thus It has happened, that Though the sources Of
supply are actually multiplied and ausmen cd be.
You'd What vas expected, they have not produced,
| us yet, an amount equal TO what anticipated
lhs effect, however anImiag IN It's first ,ppeur-
ancc, Is OF little consequence at present, when the
Cause of II IS sscrrtalned The funds in the Trea-
suey, athous h diminished, haze been found ample
to satisfy promptly every charge TO which they
were subject and the paiJ expected balance w
swell the receips of the currcnt fiscal year. AL
| though this is The case now, however, no culcua.
lion, be relied upon eau be made 10 the ia
| fure, should the existing sac of things continus
| The dlmlnuton ike tho accumulation of capital
acts with u force by no means proportioned to tie
| mere difference The reduction IN the amount OF
revenue paid INTO the Treasury Annually hereafter
must greatly exceed the reJuci ION of the ability OF
tax payers TO satisfy the demands uoon them, II
the same cause which has occasoned their dim,n.
ished ability continues TO act in the same way
Aud as over this cause the Government Of this
Commonwealth has no control It's effects can nci.
sher be torcsecn nor countervailed by 1t.
AT present, It must be source OF great srati6ca
NO" % Know, mat although the receipts mo The
Treasury during The las, fiscal year has diminish
cd, the amount OF the revenue itself has lncrea seq
AS TINS increase of the revenue has not been caused
by an augmentation Of taxes it can only be asciib.
cd 20 the increase IN the number or value OF the
same su'Jcc's OF taxation th't Is TO say, to tho
augmented population and wealth Of the Commun.
wealth. But as 10 accidental or temporary cause
can he assigned as that 10 which this aus n,en,a-
ton may be attributed, il may be estima ed very
safely that al the same rates OF taxation now cxs..
ing the amount of the revenue of the cur cnt wear
VIII tally equal that OF the year last past. There
tore, unless some charge, not existing shall be
imposed upon the Treasury this year, thee " III be
no necessity for altering the present scheme of tax
alton, IN any way whatever.
Although the disbursements ofthe Treasury tlu.
ring The hscal year, ending with the 30h of Sep
touber last, have exceeded the estimate of EXPENSES
tor that year by the Committee Of Finance
OF ne last Assembly, the obvious cause fthe diff
ference, Is the undertaking by tina, Committee, in
'heir estimate OF the amounts Of several heads OF
expenditures which were then entirely contingent
in their nature. This excess of the disbursements
OF the Treasury during the last year, ought not.
however, TO produce any material effect upon the
estimate OF the present year. No reason is known
10 me, which will require any material aucmcnta
'loh OF the amount OF any class of expenditures al
TINS time. Nay, so far fiom this being the case
some OF the expenses OF the last year may now be
very prope'ly curaied and as others will ,,,ces-
sar'ly cease, The dmnution of disbursements 81
produced, will very certainly reduce their omou,,
within the present m', unless some unforeseen ..
vent shall occur requiring an Increased expenditure
Should any thing of THIS kind unexpect,dlv bon-
pen, the surplus already in the Treasury Will
all probability, suffice tn provide for it,
Among the expenditures of the Goyernmcn, |
wh'ch may now be very properly reduced, as | |
'h'hk, are all those attendant upon the cxccu.;o,
OF the several Resolutions and Acts of the General