Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-12-12
i,2SO,l0S 90

! And warrant issued from
this Office before the LIST Octo.
Der 1912, and paid alter
! wards 90
I Lssving balance il the treasury on
die LIST October 1919 OF SIs,lS5 Il
/ For detailed information sec accompanying docu.
ments numbered and ,.
will be perceived from the foregoing sstemeu, the
OF the treasury made borrow the
banks the OF $3.50 000 be repaid the
nue. accruing the 18th Of the present month
The document No. D. contains OF the prob
able income and expenditure the current financial year.
which will terminate the Both September ls44 Ii these
estimates realized and have strong confidence them,
it no unusual extraordinary appropriations suthorz-
ed by the Legislature, the period will he long
before the State will be entirely relieved from temporary
embarrassment II may be probably necessary author
loans $500 0O0 in order
promptly oil demands upon the treasury and the
James river and kanawha company should BE- condition
TO refund wha, has been advanced mach less than that
amount will be sufficient.
Cheering the prospect OF gradual but certain i'm
provement in the finances that would have been
moro Immediately realized, II the subjects OF taxation
selected the last the legislature had Welded
the amount which was anticipated. The moneyed
income for example, such salaries, wages, &C. instead
producing $4,000 the estimated sum- did yield half
that amount. The plate tax, Notwithstanding the amend.
neni which changed the taxable value from 800 $50,
has increased very inconsderaby. The physicians
and surgeons, and attorneys law which supposed
would amount to $4,000 at least vii! yield less than
half Of that The deeds probats and admins
Touons, which should have been very productive,
70 less than $1,000 result which ascrbe however the
fact tat iae mode prescribed for collection
hccniy effective. The the money bonds
hG- been AVAILABLE, Yielding about 900 and would
undoubtedly have reached the estimated 500 COO
the assessment had heen restricted actual amount
OF interest received within the wear. allowing only tic
deduction OF paid but what was due and un
paid 10 the creditor.
1t expected by the Of finance in its sup
Elemental the last legislature, that the change
the mode OF taxing licenses 10 merchants and
would produce additional OF $50 000 but the
result that the has only increased $4,000
$4,000 The whole product OF the taxes on licenses
generally has been diminished about thousand dollars
compared with the Is H. effect which partly
cbabie the imposition upon some subjects too
high Tor revenue, and amounting almost prohbiton-
inc tax on Aacs and pedaTs Tor example, has lcseucd
than one h toe income from that source,
derived from exhibitors o shows, which hereto.
tore considerable, has dwnded almost nothing. l
commend particularly reduction OF the tax upon the last
mentioned subject A. the law H. every performance
or exhibition Tor reward except lectures literary
entc subjects Is burihened with the taxation
sixty dollars, which, IT amounting prohibition
majority OF cases leads directly plausible and ingenious
eyasions OF the law. The and beneficial re-
creations such musct concerts sacred otherwise,
either totally excluded, the performers driven
eHPediont of relying upon voluntary contribution A
dcae TAX Wod not only iegazn h1Tmess and useful CShi
billions, and open profitable Of revenue but might
be regulated operate 10 every thing
donOrs!izing and perncious.
recommend also ii the policy OF the legislature be re-
venue and not prohibuon that the pecGrs and bro
ker be reduced. II the policy be p.0hi5ory the existing
Prcbais and administrations appear be moderate
and expedent, but is essentially necessary the law
should be modified make the clerks OF the
elusive collectors OF the taN rendering them
csely they accountable, for the on
process respectfully suggest also If be deemed proper
continue the on interest and income thar the law
should be amended render
more efiectua and abundant a moneyed capital
employed in loans upon accrung Interest sexual.
lyrecevcd not might be conveniently substituted for the
present reguiaon ind think it would also he advisable
10 abolish the distinction which exists, supposed 10
cAist between bonds which represent money
tIaly loaned, and similar per received exchange for
the sails OF property.
a tits dcsirab!e present guard ogan. any diGnu.
ton OF the revenue also respectfully suggest that tue
on attorneys and pysicinns should be graduated and made
specific not to depend upon the profession.
al income. The asceTainment Of income annual re-
eeipts is IN itself 50 difficult and uncertain, that without
supposng any sutclent temptation 10 eYade the law,
instances st least be necessarily imperative.
PresumnG that the general assembly the present
don at things would indisposed 10 reduce the state
taxes hut that probably item Of taxnton might be
preferred to others which have been recently tried,
peci'uiy suggcst worthy Of consideration upon
collateral Entertainers, bcqucs and Devices which
has been long tried in -four sister states and par.
ucuirly in Poansyyonia whore without producing public
dissatisfaction, 10 has proved highly productive the
il IL imposed only upon tue recipients OF cted
bounty snd cannot be supposed 70 be subject OF just
plant
Whilst it gives me pleasure 10 conoede that very large
proportion Of tie county courts make good selections OF
commissioners the revenue have changed my con
that the public would be benefited by pa.
tenure a. mat office pyrma-
nent footing The correct and faithful exercise Of lie du-
ties tic very foundation Of system that
be secured expected those where fire.
quent changes made Of the incumbent II sometimes
presume from negligence than design thai
taxes are charged particularly the property books,
lower rates than the law drcci A. m such instances the
. commonwealth is loser, tho should in Justice.
think, be deducted from the commissioner allowance
Connected with this subject, Do BE- proper ur state
that the postage tho c1lmsiJuer- books is becoming
c'n-a'hIc item 90 oApr-n To the stge, and ought o.
be saved. 81 practicable, without imposing the burhen on
the commissioner emsoyos. u would operate upon them,
especially the cpmfnis ouers with gre7t injustice
and inequality informed by the post office depart.
meni az WaShnRnn that in where the lists
printed at the Of government Of the with nppro.
pirate headings and transmitted the commissioner o tar
BE- filled Up by them and returned 10 has been decided
by the head ol ha department under the act d Con.
gross which passed in l-J panphet postage only be-
charged This construction of The Of Congress has
know boon r1rrod into effect bro the o Kentucky; and
respectfully suggest Ore .lopiety of making such aiera-
tps poo sw. shall secure % us thr benefit
oi te acL Tile alterations which would bs uecersary are
p.no'ty mIe rui without i1<iug inip account the SOW.
inr boo expense. would produce conformity tne returns
q Toe commissions. u would bC dpcIs1hIo however,
90 tao surcfs oany ouch Arrangement that the annual
bl -u1u.d be passed Boo ilc month ui January.
Some amendment BE- necessary 90 the lnw which fc8e
~ nHnres public. Wills, the statute requires that bond
shl be- given by that officer silent the tribunal
before which the shall be- executed and seems to ds.
pcnsc moreover with the necessity Of surotes II pa
cuafy proper that h' st mentioned defect should be
needed.
have been p5euGed earn from various sources that
The additional S'7 imposed hy e let legislature have been
patiently 1cqrs-ot s0d iha, tho patriotic efforts of that
h'dt % sustain tHr public credit md prfscrye uu-uc the
h'nof OF our r'e have been auh'i aud approved by tic
people 10 Jorge.
With hg1 respect .na consideration,
Your Ob,drut srrauf.
III ArTTf