Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-12-14
sn,yf on Isl os,. ls43, Of sla,l35 II

Leaving a nett balance in the Tfea-
suty, on Isl O2t, ls43, OF Sl0'i9' -
Fer more detailed information, see accompanying
documents Numbered | and :.
1t will be perceived from tic foregoing statement,
thu, the wants Of The Treasury made II necessary /"
borrow from the larhs The sum oil :S3'ij,ii"', 70 DC re-
paid out OF The revenue acc!atng The ioia oil s'e P'eSe"'
mC3tii.
The document no i, contains my estimates Of the
probable income ard expenditure Tor Tho current hnnn-
cisl year, which viii terminate the 3Osh sept iofi
Irthcse esiia,a's s are rc-liz.d, aud ] have strong conii-
dencc in them, If no unusual or extraordinary app!o-
p!ial;nns are authorized by the present Legislature, tne
per;oa WI not be Ing before The State will be entirely
relieved from lis temporary embarrassment. IL may De
probably necessary 10 authorize loans 10 an AMOUNT no'
exceeding $500, Gee, IN order To meet promptly all ne.
names upon the Treasury. ordl II The James n've' anu
Kanawha Company shout! be in a condition 70 reiaha
wha, has been Advanced 10 il, Inuch less than that
amount will te sufficient.
Cheerior as is ,he prospect OF = gradual bu! rer'ain
Improvement in the finances, that result "ou'n nave
been more i:tint dtately realized, II the new SUBJECTS O.
taxation selected At The la: session of the Leg" ia'nr',
had Welded The aniEnt winch oas anticipated. nc
tax on moneyed income for example, sac!i - Salaries,
wages, &c instead Of Producing S2J,u5e, tie estimated
sum. did not gitl4 halt that amount. The piat- tlS,
not x,thstaadrrr the amendment which charged the
taxable value ffoa SlGG 10 500, hes ,ncreass q very IN
considerably. The Tax Oh ihy"icians aud surgeons, a"d
attorneys at law, which II was supposed would arionut IN
Si3, 900 n least, Will Weld less than one-haif OF t'iis sam.
Dt knh th A&ANFs sAN"R" $500 ~
should have hsen very productive, amounts to less Than
s3003, a result Wi,iCh | rsc-ibe, however, 10 The iatt,
;lat the mod prescribed far itscol,cticn vas not sula-
ciss',y effective. Tie tax on TIE 'otsrest OF money
bonds las hesn rto-a a~va.l.be, yielding cboCt @!'3aa,
and would urdoGttaci9 have reached the estimated
rum @: $40 coo, If the osscssrentl at MOI bern 'csir;t;-
Cd to tn actual amount of interest received within the
wear, ALLOW ing not ONLY thc oedac.!on Of interest paid,
bat also ~ bat was due and unpaid II the creditor.
Ii was expected, ~ The namitt al Finance, IN
its suprlsnenta, repolt I, the last Legislature, tia: The
change in the uode Of taxing licenses 10 merchants Ed
nnctnnscrs, would produce ~ addiiional revenue OF
S20,G00-but The result i, that the amount hcs only
increased FROM SG0,00a ID $4,000. The whole PEE
due, Of the taxes On licenses, generally, has been d.
Ininishpd about three thousand drlla:s, compared " IN
the year Isi2-au effect, uhch IS patty a~sctibahle TO
the impcsition o! Il rate upon some SUBJECTS TO h'gA
for revenue, and aa,oun:iar almost 10 prohihiiinn. The
tax on hawkcrs ard T%etl:!s, for example, has lrssened
more than oue-half tie income from that sourcc-End
The revenue derived from exhibitors Of shows, which
gas heretofore considerable, has twind'ed 10 aih.os;
nothing. recounlen5, Particularly, Z FSG2c'iCa Of
the tax upon TIC LIST mentioned subject. IS tn law
now IS, every performance q cSiia.t:an io' se""!l,
except lectures 81 literary q scientific s"5;ftt', =
uGrthenej WITH tic crer"ns t1Sat.on {! $3.50 ~ '17s,
which, If net amt -ntr- 10 prob baoa iha nnal'f't- %
cases, leads d,7eety TO plausible ara Ingenious S'as'o"S
Of The law. TIE mcs. innocent and benehciat rec!e2-
f;oGs, sach rs uns:cai concerts, sacred or otnefw'sa, are
either totally excluded, o. the psftnsa:ers 27e d:i"s" -
the e~xpsd'sft q felsing upon volaalaty contribution
4 N dcia'e tax "ou'd t' only legal - harmless ano
ua-fa! exhibitions. and pen 4 ~pToft'tlc source OF re
venue, ut nigh. be % regulated as 10 oaerdt, . cE-
coo,@gsmeat 10 every thug demorGizipg aad PERM
c;ous.
i recommend a'sc. if tie policy Of the Legislature
he reyenue and no, prohibition, taa, the tax On Pgdllrs
and brokers Il reduced. /: The pi!cy be rro!l.t.t'.y,
the existing tax vii probably accomplish the objsc;
The tax on deeds, probats and administrations, appears
TO ne Il be mcIeia'c AID e~ypedient, hu! i: is essen
tally necessary tfel tie law should be 50 modified as
10 ,rahe lie q fbs of coot's the exclusive collectors
of tie tax, rendering them accountable, precisely as
,hry arc now accountable, for The xes OH law pro
cess | respectfully suggest also, fit be deemed pro