Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-01-02
THE, SURPLUS.

The appropriation ot that portion Of the Sur
plus Revenue which will accrue 10 Virginia, will
in u lew days, be- brought forward for discussion
in the Legislature. While We admit that it should
be regarded as a opposite, whicl, Virginia should
hold herself bound 10 repay Whenever IL may DO
called for, we nevertheless believe that no neccs-
SHY lor lis repayment viii! ever occur, aud dat.
consequently, it III never be reclaimed. Hence,
wlilr VIC would So appropriate II As that the pro-
fits of its Investment will always enable the State
10 pa, the interest ON loan Of like amount, should
she be called on +, return il to the Federal Trca-
suty, we would also look 10 the general and per
nancn, utility OF thn object or objects which, may
be presented for consideration by their respective
advocates. If it be loaned 10 the Banks, at an IN
.rrest OF 5 per teut1m, II is evident that The pro-
fit. of such an investment VIII be too small to eff
feet any S"ry great benefit in pushing forward the
internal Improvements of the State. The same
remark is applicable TO the scheme OF making IT
the ba.is of a purely State Bank, 10 whicl, there
are alsp other fornidable objections. Looking
at the great, solid and general interests Of the
State, We think there can ho but one opinion az
To tho policy OF appropf'atins II entirely TO the
purposes OF ,stcrnat improrement-and that, in
stead of being fritcrea away ON a variety Of local
schemes, tho postponement of which can operate
no serious evil, it should be exclusively employed
in the construction OF Il Rail Road from the Ten
nes>ee line to some Ioinl in connection with James
River, whicI, cannot be- much longer DELAYED with
out material, perhaps irremediable injury. Thus
employed, who can doubt that the profts will be
much greater than if the same amount OF capital
were loaned to the Banks or converted into Baak
stock 7 That link of the great Rail Road line
from Boston to New Orleans completed, on State
account, the beneficial ellt cts would be felt in
s%tanter, not only in those sections OF the Common
wealth more Immediately interested in its cons,ruc-
ton, but in all IFS borders-hrst. by constituting a
fund upon which other works, both of a physical &
literary character, might continually draw, until
the natural advantages and intellectual power OF
the State are fully broush, into action md then
y source of revenue, forever afterwards. which will
blot every tax-law from our statute book. The
Legislature holds in ITS hands the means of retard-
ing the downwar d progress Of the Old Dominion,
and indeed Of giving a spur TO her latent enercie,
which, may throw her again in the van of her sister
CoNmonwcalihs-lt is for them TO say, whether by
a judiej Gus application of these means, regardless,
OF sectional interests, personal popularity or polit-
ical dcmagOgueism, they will strike a decisive
blow for the regeneration OF Virginia, and earn ior
themselves the proud title Of public benefaclors
or whether, inadequate TO the occasion, under tho
in1uerce Of one or moro Of these unworthy mo-
,ivcs. the, will, b. tInnorous and sectional le-
g~isi-tior. jaii 10 mse, the high res,ous;bil;.