Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1839-01-17

: Iesve The interesting subject 10 YOU.
WIN The earnest hope that il NAV com
port with your views Of public policy TO
aes"c TIE means OF completing the i'm
Provement within an early period.
fuolic opinion. a. we;l Is the AL anita.
gcs OF The improvement. strongly recon-
mended the construction Of q Rail road
IRON some proper terminus ia the East 10
The Tennessee line. II must be re garded
as ali-imporiant To enable The State 10 psr.
eciPaie IN the immense and GROWING
trade Of the South West. Il would fur.
n'sh to an extensive and fertile district Of
The STATE, rich IN mineral as well rs fer.
tile. that is now cat of from the Eastern
marketsb by ats remotencss and the difficult
ties Of access. q facility that may be said
IN be almost indispensable; and wouldn't
we same time command the transportation
OF the merchandise and the valuable pro.
ouus OF last Tennessee. aud Of Upper
hiabama and Mi'sissippi Whereas, if
me improvement be not made, South.
west Virginia. as far ss Wy,he County.
WI be under The necessity Of looking 10
The South: and its productions, along v i,b
'hose oil the States referred 10, will find
an outlet IN that direction. Improvements
have been alre ady projected in other
S'aies, which will forever deprive Vir.
g'n'a Of :he invaluable trade that would
be commanded by Railroad 10 the Ten
nessee line, II she suirenders 10 their SUI
Perior enterprise and energy. advantages
so worthy Of calling into exercise her ow n
10 the undispu,ed utility and importance
OF The imPro, cment in question, should be
added the impressive consideration. that
II could not fail 10 yield directly an ade.
quate return upon the capital invested in
construction. That would seem 10 be the
certain result ofthe travel, as we'll as trans
portation, OF which IL would be The avenue;
a travel TO which il would be difficult 10
assign limit. rs will be perceived upon
referring 10 the lines Of Improvement now
under way IN the South and West. and TO
such new works on the part Of other States.
as II would unavoidsbly llinto existence.
Strongly impressed with these consid.
erations, earnestly recommend again the
improvement 10 be undertaken ON State
account.
The completion Of works Of Internal
Improvement now in progress as well as
TIE construction OF such as the General
Assembly may desire 10 undertake on
Stale account. involves the ne ssiiy OF re-
sorting 10 further loans. The sum needed
VIII be so large as 10 make IL obviously
proper TO attend TO the particulars which
VIII secure the iull benefit OF the high and
undoubted credit Of the Common W aiib
Our negotiations hitherto have not been
conducted so as TO realize probably that
result. Instead OF relying on the sale Of
certificates Of debt at the Treasury Office,
II would, ! think, be advisablv 10 offer
them IN markets where capital is abun.
dant. and public securities sought after
and to commit the negotiation 10 an agco.
cy that could be relied upon 10 bring
them sdvantageonsly into notice: and
furthermore, when The terms would justi.
~ IL, TO make the interests pay able abroad
and perhaps also the principal. The ad.
ditionsl price that would be thereby OBJ.
tanned. would. | have no doubt. be more
thsn an equivalent for any risk from the
fluctuations IN exchange. The most am pie
provision, should, OF course be made for
The payment Of interest as IL may accrue.
The State debt is now 50 255 $50, 10
which may be AIDED The sum Of 8 t4S. 800.
that the Board OF Public Works is reauir
ed TO borrow, and which may be expected
10 be soon Obtained. To provide for sub.
SeHPiions that are authorised &C. be made
to certain Improvements. il they shall be
made. loan Of 1920. 02O will be ne.
ces'ary. so that the aggregate Of actual
deot and the additions thereto contemplat.
ed By existing laws. amounts TO 50, 02i,.
40.
The annual interest upon The actual
debt namely 50. 255. 800. amounts 10
S29I ,0jl ND-of hich. after the spplica
hon Of The unincuHbered revenue Of the
fund Tor Internal improvement. and Of
certain dividends and interest on loans to-
wardt the payment thereof. there remains
The sum oil SlS0. 2gi 80 to be provided
for out Of the Treasury.
The Improvements under way, and
others Tia. are contemplated. are Of 80 ex-
pensiSe q nature, and imply the borrow.
ing oi so large amounts, that the uir oct
caution should be observed 10 guard a.
! gaInst undertaking any Of doubtful gene
raj utility. and 20 Introduce the most rigid
economy into this branch OF the public
expenditure.
The large payments required 10 be
made from the Treasury 20 meet the IN.
ierest OF the State debt will cause The re-.
venue TO fall short Of the sppfopFiaiions---
aad suggests the pTOpfIeiy Of an increase
Of the taxes, TO provide for the deficit,
and TO prevent the recurrence thereof
! hereafter The report Of the First Audi.
} TOT. NhIob will be lad before you, will
exhibit the state Of the Treasury.
lay before you . communication from
the Governor q Georgis. lfaBsmiiting The
report end revolutions Of The Legislature
Of that State IN relation 20 an unsuccess.
fol demand made by the Executive there.
OF upon the Executive Of Maine Tor the
surrender Of certsin fogiliVes from Justice.
The proceedings Of The Georgia Leeis-
is'ure have relation 10 the aathoSily Of
She Governor o. the State 10 demand Of
another State fugiiivss from ts Justice
add the necessity 0f msiniaining Ihst az
ihorIty in the instances Of crimes aSs,ass