Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-04-04

From Lieut.. 0resory's Message J December last, :.
uBelieving that The situation of the State ana ''s
~ z,ns can never be bettcred until confidence ID re
stored we ought place the State in the condition OF
one determined TO be honest, have to recommend 70
your consideration the policy and propety OF lncress
mo the taxes SO the supply OF funds 10 Tue
Treasury 10 be certain and equal to the demands upon
it. This will only require very small 'heieaee Po
The present taxes
From The Frs, AUDITORS Export Deeenber last i,
ain this view Of the financial condition oil the
State, it becomes my duty, IN obedience 10 express
provisions OF the law, to suggest the necessary e"
u,es for relieving an embarrassed Treasury, anu OF
nacng on Il firm basis the credit OF the Common,
wealth In performing this duty, fiatter myself tna'
am not 50 much the originator OF any new or doup'-
I fiji snggestion the organ OF common Puoi'. se"
tineni, hch holds the preservation oi ota'e' "oI
and fidelity 10 all its cnga remens, as OF IIesl'naoe
yoIue and inaortance In the first place. II WIZ DC
necessary 10 provide for the immediate wants Oh Tue
/ Treasury, and for that purpose, recommend ',a' .
loan be negotiated, redeemable in one, two ana 'htee
years. sufficient rate OF interest, 10 ensure ''s ogns
Effected without difficulty In The second place, re-
commend that additional taxes be imposed, OF suticent
amount, 10 redeem puncluay the loan 50 effected, al
the periods respectively, when 1t shall become QUE
consider that the adoption Of this last named measure
10 w an increase Of taxes, s, in the present condon
Of things of material Importance to give effect 10 any
renewed effort TO negotiate loan. pledge from Tue
State 10 provide and certain means TO meet lis en-
gayernenls will Immediately inspire general CONN.,
dence and enhance the value Of all State securities,
which, present. more depressed than az any pre-
yious time 1t will dismiss from the pubic nina all
apprehension, If any should exist, that our Common
wealth could be induced by any consideration whotso-
ever either disown neglect to provide Tor her just
obligations
From his Second .andtors Report Dec 5, 1872;
1.-THE public Treasury being in an exhausted condi'
ton in the latter part of the fiscal year, the President
and Directors of the Literary Fund deemed their i'm
peraye duty to afford all the relief which the funds
under their CONTROL and the objects to which they were
applicable would admit of. Accordingly they not only
invested S0 000 of the money in the Treasury belong
ing TO the permanent funds Of the institute IN tempo
rary loan 10 the Commonwealth, under the act OF Goth
March last and l,ioU dollars in the per cent stock
loaned To the James RIVER aud kanawha Company, &c,
&c but by abstainng nj the Tine from drawing IN
the july interest the per cent debt, (Sll, lbo
and on the internal Improvement debt (SlS,04o 34)
held by the Literary Fund, aggregate sim OF 54,0o0
dollars was contributed 10 The aid Of the Treasury from
this fund without inconvenience TO its operations at q
period when it was greatly needed
/ From The 75easurer's Report Of December last
aThe condition Of the Treasury demands the earliest
of the Legislature, in providing such assist
ance to sustain the public credit, as its necessities so
mperously require.
The wing Legislature of lSll-2 turned deaf
ear 10 the recomme ndation Of Lieut. Governor Ruth
erroord-they did no, raise the taxes But not
the Republican Legislature Of 1923. They saw the
embarrassed condition ofour finances. They hearken-
ed 10 the voice OF the Lieut.. Governor, the two Au-
ditors, and the Treasurer of the Common wealth
| They were satisfied that Tazation or Reputation was
the only ullerna,ivc-and most maniuly have they
thrown themselves into the Breach to the honor
of Virginia. Let The Wing press stoop TO the msera
BILE office of making party capital out Of the Tax law.
Let the Fredericksburg Arena msrepresent them, and
whine out, 1.-THE Loco Focos have done scarcely any
thing but Tar They hare done their duty-and
raised their State stocks from great depreciation and
saved the character of The Stale from disgrace. They
wanted money for this essential purpose-and how
were they it, They had either 10 raise The old
taxes-nr take subjects of taxation-or do both
If they had confined themselves 10 the old suhie els
they would have lard the burthen upon the land and
labor and horses Of the farmer. Would that have
been Just and equal : Would it have been just
to lay 1t exclusively upon them. and let the capital
ist escape: Justice SAID din Joh. Increase the tax
upon the lands and labor Of the country, but i'm
impose taxes also upon capital IN various forms, or
professions, &c, although the Wings may murmur at
the arrangement. The Wings well know that the tax
lands has been rnsed twenty per cent and slaves
fifteen per cent, and that effort made TO raise
them higher, and that il failed, and that unless
taxes had been laid, the Stale would have been dis
graced by Reputation. Under all the circumstances oil
the case, this the only bill which could be OBJ.
tanned, and yet they voted against il, and must there
fore, have been content TO meet the Consequences
We told liberal Whg at an early period OF the
aion, that must raise the taxes, but that knew
his party would meanly attempt TO make ptfu capital
oil II nj the polls lie frankly replied, that ne was
afraid that the Wings would take that course, but that
the Republican party do their Duty and the
State from disgrace. The Republicans have done
their duty, and the Wings are now playing out their
dirty game. Let them succeed OF the coming election,
and one Of two things is inevitabe-ether that the
tax bill will be repealed, and The State dsgraced
that the law will be changed and the accumulation will
fall upon The yeomanry OF the land. Let the Wings,
therefore, succeed, and we may look out at once for
depreciation of stocks, and the depression Of our
I r IN Il.
attempt bolse. up the credit Of the State, why, then,
the agricultural interest must look ahead for additional
burhens. The shaver viii escape. The moned capitalist
will 20 nearly "Scott fee. The small dealer viii pay
as much for his license the most extensive merchant
And the nd raiOrcm principle, the justice OF which
even some Of the Wings are compelled TO admit, will
be abandoned.
| In what ght do we stand in the eyes of other
States: The Warrenion North Caro!ina) Reporter of
Saturday last has the following article on our course
Firginia and her State Debt.
"Shc her pished and Trust has ever firmly stood;
And though promise er loss she makes her promise good
1--WE are gra,ifed perceive that the Legislature OF
this ancient and venerable Commonwealth has laid
tax to pay the interest the Stale debt. The imposl
of upon her people during these severe and
trying times, when the voice OF distress is loud and
general through the land in order to enable her to fulfil
with fidelity, her public engagements, must satisfy the
world, that Virginia means to preserve pure and un-
spotted her character her credit, end her honor. The
poisonous weed of reputation take root in
Virginia soil. She dream of a violation OF
her engagements. 'The pride of her lineage and the
recorded honors Of her name forbid the dea that she
can bring upon herself such deep dishonor and
disgrace.
1.-THE details of the late revenue bill have given rise
TO complaint, more particularly, in the large
We have not felt ourselves called upon 10 exa-
mine particularly its various provisions, and therefore
do consider ourselves competent to decide, whether
the complaints which have been made are well found.
ed not. Perhaps the bill in some of its features
may he open 10 objections. We would respectfully
suggest 10 our friends CT the Old Domnion that the
TASK of selecting subjects for taxation is at all times
somewhat harsh and unpleasant; that il is . task oil
peculiar telicacy and difficulty, and that in relation TO
The proper subjects for taxation in revenue BILL great
diversity Of sentiment is likely TO exist even among
the purest patriots, and most enlightened and expert
enced legislators.
ave hope that the rest of the indebted States will
follow the bright example of Virginia. The import
ance of State and National character cannot be too