Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1846-03-06

| The debt Of the State amounts
| the OF SSe7S ia
| The liabilities Of the State other
| than debt l47629S
Making an aggregate sum OF s7.455.os
Leaving balance in favor Of the State Of S3sss i03
nm aware, Mr.. Speaker, that tho funds OF the Com
monweah consists in Stocks Of VARIOUS kinds and that
they have been put down in this estimate their nominal
value and that the market value would fall far be-
low the amount exhibited in the Auditors statement
yet presume that gentleman who has informed him
self upon the subject would pretend that the Of
the State equal TO its debts and liabilities SHALL
therefore, assume this true. aud will be sufficient FOR all
the purposes OF nay argument. From the report OF the
committee oi Finance the reduced OF ion
which they have recommended tins House. appears
that there will be in the Treasury s day Of Octob.
or. 1876 balance OF SlSi 5l6-whch will be increased
on tue LIST day Of Oct, lsI7. S273323 Now these
amounts thus smated be in Treasury the periods
above mentioned will be amply sufficient pay the
res, upon more than three millions OF dollars and leave
then IN the Treasury sufficient for all
gencies The bill under consideration only prop sub
scnpuon TO the capital stock of the Roanoke Nsvga ion
Company OF S350.000, be paid in the Bonds Of the
State bearing OF per per annum and
redeemabe at the pie sure OF the Commonwealth, upon
the acquisitions OF the company, OF than
thirty t1ree and one.tLird per cent, year; the
interest the first ms alment, suppose all ad,an-
ced at the commencement OF the year. would only 10
SlOOO-he instruments for the first and years to
$4,000, and the instruments, second aud third
years being the whole amount OF the subscp S2
900 at which time the wo is xpcct compile ed and
the Treasury relieved all charge on account OF the
Snie's subscription there being. c n6denty believe no
manner OF doubt whatever, that tie dividends the Com
mOnwta1 upon Its stock will fully and sctarge the
accrung the four and last pro
Position which discuss and that dpes the work
when completed promise to make reasonable upon
the investment From the OF Mr.. Couy no
the survey and who coec cd all the inf ru,aon which
was necessary "a enable hun 10 understand subject the
from the improvement. wnon It sLa have been
Completed ma thing like 10 per cent upon
the pital this estimate. somr, may eAtavagan
but when you come TO undo stand the extent and fertility
Ut the Roanoke Valley itself, which he says would Justify
more silly improvement than the contemplated by
the BILL and the heavy amount Of tonnage which ag
cultural products OF ,h,t region would furnish
shall cease feel surprise, the estimated annual
profits and tie more especially will TO wonder
when we take INFO consideration thi. additional fact TO
~hch have already aufes that nearly or quite one half
oil the rich and ylu be trade of the North Caro-
n' would ok attracted TO our markets by th improvement
Indeed am OF opinion that tue pront. would be more
likely To exceed tina fall shou OF the estimate but SIR
let Us assume Tor argument sake. what by ad-
mli that the estimate eNtravagant let throw off five
cent and still proposition Is established. Six per ct
presume, will be considered by the House
be upon the Investment and will have
thu effect, as have already saed, # entirely relieving the
Treasury from oil charge OF the proposed sub
scrpunR.
Thus, Mr.. Speaker, think have been successful in
showing the satisfaction of the House. that the proposed
improvement Is practicable, that 1t is demanded by the
aud necessities OF large extensive and important
district Of the Satethat the of the work is within
the conyen Of the Commonwealth and that
II promises iaiT and reasonable return, by Of profits
expended
ton; AMI, having done this might here close my re-
marks-bu there Is aspect OF the subject which wish
10 present. more and press upon considera
ton OF the House have sand that this i'm proyemen
Is inside, will have the effect Of bringing 10 our market
teams at least have the important and valuable trade
OF the &c ghbourng St'te OF North Carons.-I. this
TINS, sir, question VIII ch fairly challenges the
attention "t every mber this floor and If be- as
believe every will find up investigation that such is
the t4ci II presents another strong and powerful reason
why you should pass this Bill. Sr look upon the Map
q Inc II ,ha Sc,
mouths Of her rivers blocked up by sand bars which
cannot be removed, and which denies her TO the
ocean through her ports large and valuable portion
oil her Trade IRON the eastern and middle that
Stse, had' It, this Chersw aud Charleston
IN South Carolina. From Danylle, Milton and Carksyl-
towns upon the line improvement there are running ou
into the very heart If the Ste the finest natural roads IN
the whole counry-hese would form entire pots for
the trade from the variuu. sections Of ih- State and the
whole by tns means OF would inevitably
connected as the line Of steamboats, would he our rail-
roads north and find lis way Richm ,nd
and Norfolk and does not this. Mr. Speaker present an
OBJECT worthy OF maklng ell ri our part 10 Sc
curel Aud shall Faithfully wisely our du
ties to our constituents and Safe, lot thus oppor
tun,ty escnpes 40, securing 10 %. 10. ,,.,L.
p5riant and valuable acquisition their trade and com
msrcel Besides the tonnage 1t would secure
upon the line would have the effect to very
siderable extent the trade upon railroad lnes-an
object oi sel worthy the serious AMI deliberate consider
Of tins House.
What, Mr.. Speake-, is the policy q" other siates1 What
has not New York. Mass, chu-es PENNEY and MARY
land done their markts II trade and com
merce Of other States Look railroads and canals
whcH they push NJ 10 every direction bring the rich
productions Of other pour them into their oSn
great cities-New York, -ston, Phi depha and Bait
IN re- enncIng Ihor merchants aud sding TO the wealth
and resources OF those wise aud enerprsng Common
weltns. Sn not initiate these eAanplesl or sh, We
rather adopt Chinese policy and draw sround the m,
ders Of the state huge wall keep al inudes =
Away, sr, with such narrow and contracted lcy We
have set down long enough and over the
fortunes OF our good old Commonwealth, arise
IA our strength and throw of night mare which IA "a held
Us 90 long I'm durance vile" and Al eff r. noble
generous ~ ut, to retire what have lost AID make
tbs good Old Of all again what she has been the
| brightest star m this grand galaxy OF Sa.cs
MI Speaker, We do not ask this appropriation as mat
| ter Of favor, demand n a matter Of lust &C. The
agricultural aud financial statistics OF country shew th,t
We are ioy entitled u 1t. Sir ook the amount of our
productions furnished by the census and what district
OF the State OF the can comp IRE W IN ms =
Look TO tho annual t. your and vb,
,tOn Of the Comm Bweath cJme INTO ccmpetitou7
While We, SIR have been paying annually int, the Treasury
OF the State, to the fund upwards of $40 600
and while millions nave been expended IN other portions Of
the Sste that contributed far les. IN pfpu on we have 70
ccycd the por boon Of SSOUOo subs-tib 30 yoais ago
to tie OK OF the Roanoke NayigatoI Company and
let tsk to be turned Of this n use by the
Votes o! those who have share - agaly IN the public
bounty, bounty to which have largely and literally
contributed II gent be nfuen ed in the yote,
which they shall be called upon give upon this guesIon
by tho and selfish principles which have $, long
governed and controlled the Legislation tho State in con
neeon with these subjects then me VAN them IN Al the
whole Improvement OF the Sac is tanonI We no In.
balance; and IT, while contribute moro than snv ote,
section to the common fund, be denied all partci.
patton IN it, benefits. II becomes pause and consider
# would better consult the interest Of our cons,
EMS by Withholding all appropriate from work. of
nal improvement and go 10 reduce the bnrfen which they
are annually col cd upon 70 bear the lowest nrnount
compatible with just, wise sud efficient administration II
the Governmsrt Blu, hope for better hinzs; hone
itfrOm the inte gencc aud patriotism Of b loute
aud believing that the dtnufoi with the he.t
Interests Of the Commonwealth Notwithstanding the unto
ward and unasoabe circumstances to which have refer.
red take with confidence when has increps.
with the discussion q tho SUBJECT that the House will pass
/ the bill. -