Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1844-12-05
GOI.EY.s'Oys'S JESS sEE.
EkLcUTWE DEFtRrMINr, }
Deeenbcr 81 1874
teiloc Ciiiseus IF he Senate
and f.,,s nj II.I,,,,t.y

fcIlOr titiseus of he SeBate
and House qt Delegates.
am happy To say ~ luu al the outset If this annual
communication, thai you reuro your duties at the
capitol under IT decided aud general i'm
Iuuvcneni IN the private aud public interests III the
The distressing eMharrassnentS which have long DIS,
tub,d aud crVpfd The operations 81 business. have.
pcat ms asuc heeun loJoaA the abuses ol credit with
ihe cNasagauce. speculation and debt they encouraged
10 disappear mon .orlus and selfdcuynp frunalitv
Ia be prdeliscdaad inus lhe foundation Of wiser and
safer >ystem If individual thnsacon mas been gradually
and Extensively commenced IN the experience habits
AMI spirit oi oar people.
hst IA htse f,sp. els affecting alvantapem,sy thp
sources OF oar mgate prosperity tt the FUTURE have
10 ~ gflthsi, Ne have, Il other respects afer
tiny the sources al public good, Tor warm
and patriotic c5u1ralulltm. The public revrniip and
eul Of the sate-lhuse great Interests which bring into
issue The character and we'll being OF whole people and
which to o years past have been The SUBJECTS pro
foundes anxiety have not only been rescued from every
danger which they have been expo sod hut established
upon footing OF the greatest sonudness aud strength
In 1870 the treasury being unable e. met the public
obligations then dac such as was neces airy to sup
ply The deficiency authorized by the legislature 10
be borrowed tom the banks. This sum- sn borrowe,
for that purpose, ha: been Increased from time to time
since then AS the Increasing necessities Of the treasury re
qured, amounting ~ December iSAO to two hundred
thousand dollars IN December last tn rec hundred and
my Thousand aud constitutes what is commonly called
1.-The Temporary debt" or this debt Two hundred and
hhy thousand collars were paid in December lSI3 out
ui The revenue o last wear aud the residue OF one hun
dtrd thousand dullas will be paid nl out of the revenue
oi the present year With balance over as il Is now eN
peeIed. Of near, not altogether hundred thousand dol
lars besides. Highly graliy under any circumstan
ces. as would be the complete and RAPID eNlngushmcnt
Of SO considerable debt, is especially graulym. To
have had effected in the face and under the disc, n
agement OF many dlfcuts and by means too ol re
venue system which however unl,d and move amongst
N nany ui lis provisions, has accomplished il all
without hardness, unnfessiun " intquly
Upon ihs branch, therefore, of The public service
the state ot the treasury II affords the highest sas
faction report you, now do That every thiny is
safe, that every engagement chageibe upnS the treasury
within the present year. has been, vii be fully and
puucually met, and that handsome surplus will re
main for such appropriations TO the public welfare your
| sdom shall determine.
Upon another, aud associated branch of the public in
,ercsllae recunlary credit Of tue state il affords
quail satlsiscul 10 rrpr IN the terms that every
thing also is sak; ihat Te cxeriiuns wi h
were made IN mainaln a wnh meidabe fidelity, cost
what II might, have ecaay protected il against every
preence OF Suspicion, and that the bonds the common
wealth. consequence nov stand where nirinsically
they deserved always 10 stand, al premium in the
market This happy result is, IN both cases. the direct
and legitimate fleet OF bold and counses promptly
heartily and faithfully sustained by those who, last.
had Ia carry them through. And rich in lis practical
benefits as This result may well be considered to be-
yet UNNECESSARILY mure having revealed in all the
circumstances which brought II about, aud revealed
through the most lntallhe of TESTS how keen aud deep
are the sensbtes Of people the obligations OF la
uonai Faith, and how oveTmas'erng and uncorupted
mongst them is the vital sentiment of public and of mi
sae honesty iianssed IN thelr individual labours hy
every species Of reverse which reyulslon in business
having scarce parallel in history could inf Ct they
nevertheless came forward, Instantly and without muf-
nun al NE call OF The state and promptly and generous
ly and In the midst Of distress, inok from their own
wants whatever was necessary Gr The supply Of hers
The unsolled preservation "i oar public credit by this
patriotic conduct OF the people is an achievement WORTHY
81 every thing has cost, aud worthy Of 1t all and vet
more. is the graceful and noble testimony by which tina,
conduct proves that our public morality is always True Ia
our p"hlc engagemenis-ihai whatever is contracted
upon The pr bity and hunour Of the stale as the law To
force H. Is Contracted upon law which embarrassment
aid repnaeh have 10 p"weT 10 weaken ahd which viii
not be- snd canaot he broken
But The early AMI success extraction these branch
rs oil pubic interest from the dangers which threatened
them VIII not afford Yum higher nor perhaps 50 hioh
and eXu ug qratifcaan the evidence lust furnish
ed To the capacity Of political system 10 stand firm
under the seyerest TRIALS which attach 10 lis nature -
You haveseen II encounter. aud navy see IL enerue ,
umphsnily and sltnut hurt, frorl one Of these rias
which II may be confidently said that no government