Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-01-25
NO. e!.--yOLUMG XL..

Submitting these various explanations n, NV pur-
pose t. question the general accuracy Of the
OF Inc FIRST Auditor. The mistakes have occurred
no; adver,lng to the fact that the Committee estimates
made before the was amended in either branch
OF the Assembly 1t is within my knowledge that he
gave 10 The COMMITTEE OF The last and present session,
IN good faith all the assistance n his power in per.
iactng the estimates and the re:enue bills: and may
ado, that regard very able and Efficient officer.
| Havlng pointed out the various notifications which
occurred The House OF D. l.ga,es aad the Senate
III some instances changing the subjects, varying the
mode ot assessment and reducing :he rate of TAXATION
ii proper sense Of candour aud Justice mast .npe!
every member ID confess that Ia lure in the
nue. from these subjects, ascribabe t. inaccurate
estimates by the former Chairman OF the Committee
On Finance, but To the subsPquen mod cut.ons in the
progress OF the Tax bill Great injustice has been
done 10 Col mel Randolph by not setting forth the
facts, tiiat his estimates made the rate and
mode oil taxation recommended bg the Committee on
Finance before the action OF either House on the Tax
bll-tbat no estimates FURNISHED from tia. COM
miitee ottcr the Tax bill passed, with numerous
amendments cutting Oft some entire subjects, and
ducng the rates OF taxation Others nne-half When
1t IS gfaveiy stated 10 the House, that of one pr
ecnt@m m incomes did nr; produce revenue
was estimated from tax OF hc0 per ccdap incomes,
We may admit the fact withou: casting much eie
on The OF tie eStiaa.P o. throwing much II
dlcue an tie toraer chairman.
Mf. EDMUNps said, he had already stated that tie de-
iciency IN the Tsfasury the Both OF September,
1
this deficiency further increased 10 S55 So by the
failure o. The jams River kanawha Company to
pay interest on the ''guarareed ponds This es'itna-
ted deficiency was reduced to the of ':l Sos by
the law requiring the payment Of the iicease tax into
the Treasury IN June, by some increase IN bank div
bends, and the receipt oi the tax dividends CT sock
&c payable under the tax bill OF 50 the last fla
cal yta-. These various additions To the means OF the
Treasury in The last fiscal scar reduced the estimated
temporary debt from $40 S.!2 10 the OF 1881 -05
on the st day Of October, 1913 the commencement Of
the present fiscal year The temporary debt was much
reduced and the condition Of the Ttea.nry greatly a..
proved, during The last fiscal year, By tn JOINT opera
ton Of the bill requiring the payment Of TIL license tau
in June, aad the bill The bill increasing the tolls
OF the James River and Kama Rha Company, has ena-
b'ed that company 10 pay the interest Oh the guaran-
teed bonds, and diverted heavy amount from The Trea
sury. These prey in our financial condition
occurred under the Of The last session. and left only
temporary deb Of S5:iI eos after deducna the ba-
lance due from tie Treasury tie Is: day of October.
1913 These explanations bring US II the commence
ment oi the current fiscal year.
B. Estimated ceadoa Of tie Trfasury dariag the pye-
sct fscql gear, Commanding ME Isl dan Of October
| ISIS, and ending Both SEPTEMBER, 1871.
1t has been already stated, hst the Temporary
on the 1t q! October lest 1881 -65, after deduct
ing the balance IN the Treasury. The revenue co..
lactet under the last tax bill cheily raid INTO the
Treasury after the Isl OF October and in this exami-
nation, we are considering tie revenue arising from
TIE last tar tH and dshnfsed under the appropriation
bill OF the present session. Upon The passage OF the
tax bl! through the House OF Delegates the Chairman
OF the COMMITTEE, IN bis speech, estimated an add
tInnal revenue from augmented taxes Of $l.5,oG0.-
This estimatr made after the OF the
House of Delegates 10 the bull modifying the estimates
MADE % the Committee III their supplemental report
II IS now Gscerianed with sufficient certainty, By the
actual payment Of taxes since the ,t Of October shat
the nett additional revenue VIII amount 10 II H. GOO
The difference between the actual increased revenue
OF ll',o0o, aud the estimated sun Of $l45,000,
caused ~ the subsequent amendments OF the Senae,
reducing The rates Of taxation, have already point
| ed out The tax BIZ has produced within $4,000 OF
the estimated sum, on the passage OF he h through
;s sOass g" ssa.e "S 81 's ias." Ss liz
Senate. feel assured, after this explanation, the
House will concur with ia the statement that 'he
actual results have proven remarkable accuracy in The
estimates
THIS additional revenue Of $!i5 600, with an in
crease IN the DIVIDENDS oF bank stock, and some
addition 10 the revenue from The OIL! subjects of taxa
tion Viii reduce the temporary dit of SD SG5 10
the sum o SIG 900, by the Auditors oauac the
Is; day October, LII Since the AcditIr made his
report, II is ascertaned that The Northwestern Bank
viii declare dividends The i 600 shares Of soc,
held by The Commonwealth in that institution; and
the lrc;su,y w recelyed so eco from This source not
embraced IN that report There wi! be n SAVING also
Of SIS coo 6y sbofienin the session Of the Legislature
as eSiina dhy the Committee on finance, and
smailr addt ons to the Of lie ressu:g, ascertain
ed since the meeting of the i.erisltu.e. These
raj t'Gs will still further reduce hr temporary deJ:
from the estimated amount OF SIG eco the sum Of
S.U00 e the close OF tie rf,s nj focal wear The
unpaid portion OF the temporary deb. The Is Ocio-
Der next, is estimated al &ilS GGG Il mast however
be borne in mind, that shoG!dl'e ssa!uTe continue
session uE.il lie 2S'h day Of March, there i.l be lo
| curailmert Of Legislative czseases II they adjourn
earlier there VII he swing Of $50 per day. The
Committee on finance have estimated .o session of
eighyiee days. Mo- mas, it b. is; SIGHT Of, tl.t
any appropriation by this Lesi.lat.te rot embraced
the finance or Auditors ports, VIII va:y The ,esu!l l.
the extent nj sGch appropriations
Rcmarks an tie N,du,s:,m of Tcyes.
The condition Of tae Treasury, AMI the various
ces of revenue and charge. connect herewith, are
very dfiefen, foin their condition year ago. Tie
bill Increasing the tolls Of the james River X Kanaw-
ha Company has, nest happily, had the effect Of
abng tilt Company II meet the iGtses; the guar
anteed bonds, and heavy charge 3- GG0 DIVER
cd from the Treasury. The dividends Ga baGh stock
which had been very much reduced by l1s.es elnbaI-
rassnicEs, threats Of sag aes, ana various olher
causes ara now gi:s., aud re:eHue IS increased
from that TINS 4 so.fsc G! .auch selefte The
Trcasery. The deficiency OF the fund !9r internal
PROV enen:, est mated the year iij 81 S2JJ0G0,
es.iuiated the pregen. gear oC.y S22o G00 and viii
frl short Of iaat This oharge apgn he Ifeasu
ry is process: Of yea-ly 6Hii"non ~ the hank d'i-
dents and Inc dIyIdends (:,m The various internal in
pfovemen;s increase. Tie temporary /, 1t al, be re
duced thus year 10 near 3!l=,o0o. Some Of the cid
subjects of t.xaicn cce yrcted increased revenue
from the very advertisements OF the country, The
TAX on law process, "FlS. &c ais lDpfoVtu coHui
inn Of the finances vii a'l,w tho coateinri,ed rrGUc-
ton Of taxes, and still leave ID. Treasury situation
TO discharge the residme Of the Temporary debt with tho
revenue collected under thu present tax tn. Ih PFC
sent taxes should not BE- contared one moment longer
nor cert higher than tie imper.ous Necessities OF
the Treasury require. Al the next Of the lie
gslaure, after the payrae. Of the ary debt, they
may and should be still further roGuccG. No Surplus
should be permitted in the Treasury II always invites
to increased appropriations, and leads - additional eY
,.avagance. proper economy and rettsnchment OF
expenses, should be 'igdIy enforced IN evcry teps;
ment OF the government. Our own iamertable sSre-
renee, aud that Of every other State Prove that SUI
plus in the Treasury, IS almos! cs';a,n t. become We
bass Of another loan and Accumulated Debt The
committee have, therefore, reduced tie aEes To ccm
pal reduction .: expenses AMI to est eli all eost 20
TIE public th; and add 20 the appropriations
[, Kill be iorpnae FOR the country 10 effect THIS
object.
Mr Speaker vii proceed to su1m, few
remarks in reply 10 he gen,!.maa from The City Of
Richmond, DIR. Dln1l he ha informed The ilouse,
that the oppressive character of the las; bill is
Ia ned tais, and mat ali the inequalities and hatd-
IA tad taa Cd I