Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1838-01-11

The balance in the Treasury, On the Is, If
October, 1886, exclusive of the ,vnsbiny,nn
Monumen, Fund, was SIS, 59S Cd rhe
receipts into the Treasury from thai dav IN
he seth September, 1897, on account of ,,xo
Is on lands, &c. were S429 1877 OF. The n.
mount received on account ofthe States nro,
portion OF the surplus revenue, from the n.
niied States, S2,l9S, 427 9S-mak ;ng Tho
entire receipts into the Treasury dur;n, tho
last fiscal year, with the balance on hand the
inst VI October, 1926, two millions s;x bnne
dred and lorty seven thor.sand nine bundr.d
ana SKY three dollars and sixty four cents.
rue disbursements from the lst of Octo-
ger, 1000, 10 Ire SOIh of September, 1887,
.u' 'ne urinary expenses of the government.
i"c'uuihg The purchase money for lots TO OBJ
tam supply OF water for the Penitentiary
twenty thousand nine hundred, and FORTY.
nine dollars and forty six cents, the expenses
oil Inc extra session of The Legislature-and
twenty seven thousand four hundred and
nine dollars, the amount of judgments for
communication oihali pay, amounted TO 1894
40 ,o--i"r subscriptions for stock in cer>
lam Banks, loans 10 Banks, SC, out of the
surplus revenue received from the United
S'a'esto ) ,95S .Ol3 70-leaving in The Urea.
sury SlS5,67l II. This sum will be fur
Their reduced by warrants, issued on the 3rd
OF october, 1887, on account of the States
subscription to the new stock of the North
Western Bank OF Virginia, $50 500 SO. and
by the probable sum which will be required
by The Board of Public Works, TO meet the
payment of interest on State loans, due in
January and July, 1888, retained under the
seventh section ofthe act passed 24th of June
1887, one hundred thousand and 6f,y.two
dollars and thirteen cents After these de-
auctions are made, there would only reu,ain
oil monies, which were in the Treasr,,v ,,r
The 5O'h OF September last, the sup, 81 80
GUY a.. For further details, refer IN ,be
report and estimates OF the Auditor nj prhIi,
Accounts.
Inc Importance Of providing adeouat,
means Tor The paymen'. oil the interes, nm IN,
Stale Debt, demands your serious attention
me revenue OF tb', fund for internal improye.
'nen' ''ai's short Of paying the interest already
.ha' eeo upon 1t ,&wh:n the full amount of the
'o'nS au'h' rised In carry into effec. existing
e"gageW ents, shall have been obtained ,he
anhua' interest charged upon the fund, will
enc .Ned lis disposabe revenues. by nearly
S-Oo GOO. To meet this deficiency. and +,
maintain unImpaired the credit and faith oil
'he State, some legislative provision is indis.
| pensably necessary.
! FOR some years previous TO the late de.
ranSement OF the currency, loans were Oh.
taIned without difficulty, and ON adyanta-
geous terms, at an interest of five Der cent
But the loss which foreign holders of our
slock have sustained in the remissiun of the
last halt years interest, in consequence of the
hig "a rate OF exchange and premium on gold
and silver, will in the absence of proper
legal provision TO meet the emergency. pres
vent The stock OF this State from being as
highly appreciated abroad as il otherwise
would be. No loans have been obtained this
year al a rate of interest less than six per
cent, whilst The five per cent loans of other
Siates have been effected al handsome pre>
MUM
There will be occasion to borrow in the
course oil The present year, 10 meet existing
engagements, about one million of dollars,
and probably much larger amount hereaf,
Ter: The value of the stock is fixed abroad,
ana VIII depend greatly Oh the footing upon
"hich IL Is placed IN relation To the pay ment
o: interest. The credit of the stock in En-
rope, although until lately but a small amount
OF II was owned there, was held in high esli-
nation. The amount now in England and
France is about S2,047 400.
10 make the interest OF the loans which
may hereafter be obtained, payable in specie
or lis equivalent, whilst ii will add much to
he Character of The stock, will subject the
Stale 10 very little, ifany Inconvenience, as
any advancement OF the pecuniary or COM
lnerciai AFFAIRS OF The country is of short con
1huance: Even at this lime, exchange on
London IS at a rate which will place the for
eign holder OF stock On as good footing as a
remittance of specie
The communication Of the Adiutant Gen
eFai, accompanying his annua! return OF the
militia, both of which are laid before YOU.
S"e"s That the return is very incomplete,
anu mat no accurate return can be had
The laws Tor the preservation of the pub
tic arms are entirely defective, and unless
handed, the Common W eaIlh will soon sus
tain an immense loss in the waste and de-
structon OF The public arms now 10 the hands
OF the militia.
When a volunteer company is Organized
and Procures The prescribed Uniform. il is
authorized to call on the Executive Tor arms
and they are generally furnished-and now
about nine thousand Stand are in the hands
of volunteer companies. Company thus
organized and equipped, continues in exis
ence probably as long as The uniform and
he novelty Of the association last, and then
iIssoives. No officer of the company feels
Irresponsible for the arms, and geDer
Ally no account is taken OF them by any one.
They are thrown about, used for fowling
pieces, or Stacked away in some out. BUILDING
Vhe'e, IN few months, they are ruined with
usI. For such gross neglect, there seems
o be no penalty; snG if there was, it is no,
made the duty OF any suitable officer to en-
DTCe IL. The DTODpr offiCer In no Iorr, ~.
uty, would be be Brigade Inspector.
Strict regulations should be prescribed for
he preservation ofpnblic arms, and all pubs
&c property placed in the hands OF the Mill
IA and should be Tigidly enforced. No less