Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-04-14


now due from these souIces, which is
continually augmenting by the sales Of
land. is estimated by the State Auditor at
S230. 600.
The mil!ion and half at 7 per cent.
stock. now Offered IN New York, aud
which the Legislature, by the act of
March Is, 1913. authorized TO be sold at
par, TO provide II fund for the payment
uf the domestic deb; of the State, is Sccu
rcd by a pl.dgo OF the surplus revenu
received fIum the General Government,
now loaned to the several counties, but
rePayable by the original act in 1850.
and now called in al that time, amount
ing 10 2,007 900: also Of the lands be.
l'nging TO the Miami Extension, and
" alb 'sh and Erie Canals, which are wall
ued at SI2O,Oo0; and Of the faith OF the
S ate.
No stocks have ever been sold for the
payment Of interest on the public debt.
nor is there occasion for the slightest
apprehension hat such a measure wills
ever be resorted TO By the act OF March
10, 1885, AUDITOR OF State is require !
o assess and cause To be collected, in u
prescribed adequate manner, an amount
OF tax sufficient To pay the interest on
the internal improvement loans. after
applying thereto The roper tolls; and
the incidents and conditions created b.
the act OF 1875 are thereto annexed,
pledglng the faith Of the STATE that the
tax thereby levied shall not bs altered
or reduced, so as 10 impair the security
thereby pledged for the payment Of the
interest, and the final redemption of the
principal Of the same to be borrowed by
the virtue Of that ACT; and providing
that no tax shall ever be levied by the
Legislature, or under the authority OF
the State, on the stOct created by the
act, nor on the interest payable thereon /;
and that The value OF the said stock SHALL
in no wise be impaired by any legisla
tive act of the State. On the 7th ult. Mr.
Bvlngton, in the OHIO House OF Repre-.
srntaIiyes, moved an amendment 10 the
appropriation bill then under considera-
ton, prohibiting the Auditor from levy
ing a greater rate of taxation for canal
purposes than was levied for 1919, any
thing in any former law 10 the contrary
Notwithstanding; and The proposition
was voted down by the overwhelming
majority Of Sc TO II. a similar amend
mem was proposed by Mr.. Barley when
the bull was under considera ion in the
Senate, and. out Of thirty-three members
present, only four consented TO have
their names recorded in its favor.
The estimated am Iunt OF taxable pro
perty, IN Ohio, real AM personal for the
year lS43, is one hundred and thirty
TOUR millions. In that State, lands are
valued for taxation without reference o
the improvements on the land Itself
The Commissioners estimate the true
value Of the real property of the Slate
To be at least S4OO, 600. 900. and Of the
personal property $780, 900 900.
The interest due in July. will be paid
from the balance Of The taxes Of 1874 :,
now in the Treasury at Columbus.
|(Slo0,000 Of which the Commissioners.
since their arrival here, nave ordered to
DC RENTED forthwith 10 this ci'y.) and
from the tolls on the Publ!c works accru
ing before the first OF July. Any deficit
in the tolls will be supplied from the
funds in the Treasury transferra Bile by
law for hat purpose.
The contracts for repairs upon the
public works, up to the LIST OF July, have
been provided for; as also interest on
the domestic stock and the Ohio bank
bills, due on the first OF May, and the
money in the Treasury for these purpo-
ses