Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-12-28

items your committee would recommend to be cancelled,
as swelling The appare nj amount Of debt due by the
common wealth, by the exhibition Of debt which has no
real cxise and thus presenting the true amount OF
public debt al S74G9 l66. OF this sum, $40 749 has
not been drawn from the treasury, consisting appfo
pratons and subscriptions under existing laws 10 works
in progress where portions of the State quota has been
paid, and The residue subject to be called for in whole
in nar during the current fiscal year. 1867, 42o IS
the Of expenditures receipts from all
ces OF revenue and permanent loans in the two past
years. STAYED off from year to year by the expedent OF
temporary loans, which falling annually upon the re.
sources Of the Treasury, embarrassing its operations and
discrediting its punctuality; and now exhibits the
amount Of deficiency Tin addition TO 1903, part Of
the undrawn appropriations of estimated to be
called for during the Year, under existing taxation OF
the of the current fiscal year, to meet the de-
msnds upon the Treasury in The absence Of oil opPro
priatons by the present Legislature other than TO the
ordinary and necessary expenses Of Government, and
10 meet pre-. existing engagements. our committee
would recommend, soon as II can he done upon nd.
vantageous terms that The Executive be authorized
TO place this deficiency Of S4Io,l2S upon some per
manent footing, by issuing State bonds for IT. or in
any other manner more expedient. 1894, 9c6 OF this
debt is held by the Literary Fund.- leaving that in The
hands of the creditors of the State, viz 600
The interest payable on this debt, when the uncaled.
for appropriations shall be drawn S433 96c per an
num- or this, the resources of the Fund for Internal
Improvement pegs 1871 57S,- the bank stock Of the
Treasury S79952, and taxation 1924 ,43O Under ex.
istng taxation the annual deficit in the Treasury, with
the auditors estimate Of the expenditures of the pre-
sent year the guide for future years. would be annu
ally SIS $50. For the more perfect comprehension of the
above recital, would refer to statement "a There
is also liability the part of the Commonwealth,
Of 81 AGO. 900, for the James River and Kanawha Com
pany, Of the character Of which, reference is had TO the
law enacted March 23d, 1889, and a guarantee of
perpetual annuity 10 individual shareholders OF the
old James river stock, Of S6,720 equal TO capital at
six per cent of $4,000, which amounts, the James
River and kanawha Company will, doubtless, make
good to their creditors.
The State is also liable 10 be called for subscrip
tions authorized to the Baltimore and Ohio Railroad
Company, to the amount of 81, 500, viz
Isl. BY nm act passed 18th March, 1887,
subject to the conditions tina; the road
shall be completed TO the Virginia line,
and that The Board of Public Works
shall be satisfied that the road will be
completed to its Western termination
in this State, 302,l00 90
anne nded LIST A pril, 1880, to be paid as
the said company shall have
certified and proved, TO the satisfaction
Of the Board Of Public Works, that the
road is completed and in actual opera.
ton, with a single track, between IIar.
per's Ferry and Cumberland and be.
tween Wheeling and point the
National road, near Brownsville, and
shall furnish TO said Board satisfactory
evidence that they have procured, or
can, nQd will procure, without further
aid from Virginia, the funds necessary
10 complete the road from Cumberland
to Brownsville, 105S,a20 90