Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-12-27
AFFAIRS OF TIFF STATES

INDIANA-The Legislature of this State convened
a, Indianapolis the 9Th inst, Lieut. Guy Hall is or
ofEcio President of the Senate and john w Davis n %
COY elected Speaker of the House From the Mes
sage Of Gov Bigger appears that the financial con1i-
Of Indiana is of the best. The snonnt Of her
deb, is sl5oee, l46 including 1881 ,0OO of What is
called the suspended debt "-consisng of State bcnGs
which have been sold on credit, and ljr which size has
received nothing. The annual interest On this sum in
GLIDING exchange, commissions, &c, is saic, at sGl5
600, which is reduced y certain means in possession o
the State to S559000 '.Such Gays the Governor is
actually condition; and candor and justice 10 cur
selves and our creditors require US to acknowledge
that have neither under control nor in prospect
for time to come, the to discharge the int
rect on the whole four public debit He says ''It is
misfortune that cannot preserve the faith of the
State unmpaircd' Yet, we arc GLAD to see that he
docs not recommend Reputation Of the debt, On the
contrary, tells the Legislature that effort should be
left un.ried 10 fulfil, far possible her engagements
and he expresses the conviction that the resources oi
the State properly and prdently managed, will ul,i-
mately place the State in condition to pay her debts
md finally redeem her sunlen credit In the meanwhile
we perceive that at public meetings held in Shelly and
Washington countless resolutions were passed, express
all State bonds fer which the Stat had not received
bona fide consd' raton-rcerring presume, to the
1881 eco of suspended debt The taxable prop
-riy in the State is valued sos, 7G3 which is an
increase f between 5 and 100000 during the past
year Revenue Of the past year $50 Ssi toNhch is To
be added balance Of 1914 previously ca band-ho
expenses f the present year estimated at 500 30
PENNSYdAANIA-This State owes a LAGER debt
than any other nnproductiyc many Of thc public
Improvements, that II time seriously appre-
hendsd that size would adopt the dishonest eXpedent Of
deiraudng her creditors. But the last Ieesaturc un
der just sense of their responsibility imposed taxes
sufficient to meet the emergency and her Stale 1rca
rurcr IN letter to the editors Of the Harrisburg Tlo
sragh, gives dat the interest en- the State
debt which falls due tn the Isl Of Fo nary next, will
oe prnctually paid lie that the available bal
aneo in the treasury, applicable thai o,c, the 9Th
AIT was S9lS POI, which is nearly $50 900 more than
is sufficient for the purpose. We'll done f1r the Key
Stonei
NEW iORK-This gTao, State can hardly be said
cany thing, although her dcbt to abou,
A2V'ooo,ooo. Her great Erie Canal, with its lateral
'hes pours into her treasury annually increasing sum-
"nchis already largely more than adequate, after dcfray
ing TIC ordinary expenses Of tie government pay the
interest upon her outstanding bonds If all the States
mad been as wise as New York, all might have
been Tree from embarrassment Her great Canals which
was partially opened in 1890 and which tina, year yield
10 only s3,a3I of tolls, ten years afterwards (s30)
YIELDED 81 ,o56,s2l Il, and in ie4l the wonderful
mountof y, ,504 q The following statement will
A"iot the increase in single year. and bids defiance to