Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-12-15

i5t, pecclaow iS4l. s.s.ooo 90
- l,l.o go3 70
I'aancc. u ,U7J ~
Pm which balance dedu-, warrana
dIawn in ID" previous fs.al srzt. md
p d curing the as'. COO 80
p,473 IS
And add an unpaid wafran. on tie st
October last, Q %
Leaving in the treasury on tina, DAY. $2oi74 70
From the foregoing Statement, will appear that tho
wants Of the commonwealth made II nccssary hossow
from the state banks ,he sum Of tio.0o0 eure the lst
of October hist After thai day un in,lixpen-
sable to obtain the additional sum Of 800 making IN
lhe whole $500. 900. all oi which j. payable tho l5lh
INST. except $4,000 advaneedhy the Ltiary fund, tho
pa, mcnt of which lnny be deferred
Tho estimates VI The ncolne and expenditure Er tho
year. which were submitted 10 the last legislature. t
ng ~ their nature AT all times uncertain, and espcr av
80 al the period when made. have M, hen fully real
zed. The actual rcce pts did equal the amuunt en-
elpaitd refult which Was chiefly ocensiUncd BY
iuellon IN the dividends arising itm lunk sucks aud
The expenditures have greatly exceeded the uhuun which
deemed necessary at the commencement IL the IT,
.'slave session ior the public service. The rsqnstion
VI the Board VI public works, in consequence II the fal-
ling OF in bank dividends, exceeded the amount at frs,
estimated ny inc second auditor, and the general
aly made large ndd,nrl appropriations which were
sharerd upon the nccruing revenue.
The paper numbered 9, which accompanied THE r.
port Ia estimate Of the probable recepts and cxpehdi
lures for the current fiscal year, which will terminate thr
seth September 1913. The repayment Of the bank
loans the 18th inst. will aharb very large PARTON
If the expected be nicd for nj that time
and am satisfied that the hole deficiency Of The year.
Which is pvt down in round numbers at 1867 eco. will
he found not To have been exaggerated. This estimate,
moreover, does not embrace whatever may l<
quired fr the public service bewen the 81 October and
a.. al NJ, L., ,tA r
payable.
The product Of the additional axes imrossd by tina
last Legislature upon several subjects has been pN,-
seJ o Nc far less in amount than what grnsfasy NJ.
pected The whole in gross. according The corntuis-
soncis returns not exceeding So, 600 and smslsfxc-
ton (See statement No. 81 II will BE- fund aiso.
inspecting the document Inferred 10. which exhI,'-
It's in detail the results Il the taxation last WINTER HAT
there has been in tho year very considerable dhi
mutton in The license tax. every item thereof having de-
creased with the single exception Of the tax the
ders ofloery tickets Whilst the uslal product 81 thee
tax on lands, horses and carriages has been steadiy
maintained the same cannot be affirmed " that eass q.
taxation which depends upon inorcan,le md .lrcr tus
nsss pursuits for its results.
In this view Of the financial condition Of tn stxts il
becomes my duty. in obedience To rxrrrss p,avs
oi the law, To suggest the ary measures for
ing al embarrassed treasury, and plaang rr.
basis the credit Of lhe commonwealth IN fprissiiinr
his duty, Halter myself that rot m1sA Sue
gan Of common public scnne ~. wkiri, holds tAa PR,
servatun c state honnr and fs hty. ~ al us a,sagr
mois NJ o IN, stimabI vauoansl isAk mace III Nh rs
place. II w be necs ssary 10 pnxde E.r the mmcsi.,e
wants ct the treasury, and .Gr thai nsvr&e recoincud
that Ian te Negotiated, YedsslaabSe in one iva and
heo years a. Illcnt Isss ol anercst eEsusc ia
being elected without di1icahsI IN tho second pihe~
reco'nncpi mat al6i.huai ie,ss Le impsrd vfsNiis
clent 'nont TO rcd, pnRaa',y the Loan etcsct.
~ the peri Is respe lively WHEN shall hecoHc 0~~-
npsiftp 81
to W. increase of sAss s,.im the pycstrt csnditon
81 thn.s, ct ma eJai rspsr,noee give sct 1ny
no~'d c!orl 20 negotiate lbanl. 4, plcdce fssm shn
state 10 prov de and certain niees its
REGIMENTS will Ira"ed'sely iasse genessl eunedears.
and cnhanca tho value of all securities, which a
present are more depressed than at any TseviduS me II
VIII dish .'ss from the public mind all sppEAherlon II snv
should exist nnat our commonwealth codf1 be- ndecsd
by Any consst whatsoever either to dtsows nee
lect ~ provide for h + Just obigatons.
" has been, ard Ray again uo urged RIA. ra.has
than resort to additional taxation at liIne when
light mpasiteHs would be bssdelsoms, il wosM h>
n9 10 adsisaba,o asiS ii se Of the stocks hclG hy
lf.o state in Ite various banks and II bckevsd that
uch STRIP castri be TAKEN without sehousl,er. asu.e-
iher dispopollUaed 10 any henef, Ia be derived tom
! It, should eniircy evacar in its e.,ednr-v Ban.
stocks have already aflen far below me puist Sch
the decline ~ dividends would Justly IL
sonof prosperity, and it is difficult 10 enjectsa hnw
much lower they would still Id. fs large gua.s''y stvai
! be s'Tttieny thrown inio market.
AS might be desirable, h,ec-er, fas sAs ,csramas
wealth to dispose Of some portion Of its extetasvs hs.
rests In ss banks, whenever il may be dos,e w;,.i
INJURY. respectfully sugres, that authority h. sivec 4,
negotiate with the Exchange hauk and the N,sshwes.
trn i,an Cd Vg',ia for the surrender nf,ho Slate brs
held by those institutions, in exchange cit d r,ci,
their stock owned hs the state. as would amount /,
'air rfilxAfns IheEs banks hold il cotnsn..,we,jtI
bonds ab~st s206 600 and nj The aryanssercs NIL,
DO made, The state debt ~cld he ~x,i.ruiss 70 ,ha,
| iunnnt. -
Inc "reanc law, IS now in frce rqgiae ,l>ssAe
taxes IN licenses. payable in Nay. shusia - ps.,srik
oeeun.c for al the easary il Jsae, y Ne cuiktav.
oiescy u s<s- n -