Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1850-12-03


sale and free ccuatlon such could not be reason
ably anticipated from continuance or perpeuation
81 I our present deceive system In order to perfect
the payment OF the coupons interest at the seat at
the national government, at such other point az
might be designated by the Board of public works ="
) In addition to the direct debt of The state. above
mentioned, the commonwealth has rendered herself re-
sponsibe for the bonds of several Corporations within
the state, to the amount OF 1884 374 and has proms-
ed future guarantees to the amount of 81 500 ma
King sum total of S3,947 S94.> The effect Of the
stale guaranty to these bonds is to render them yr
aly state bonos in the estimation OF purchasers and
loregn holders They thus compete in the market
win the debennres issued by the state for her own be-
het ana as they necessarily pressed by the COM
panes which issue them into the market the state finds
iefse subjected 10 constant and injurious compet-
oh win securities, which, while they derive their
prmclpai value and virtue from her endorsement are
neVefeess at all times tending to deprecate her own
stock or 10 impede Its negotiation If the state be
thus forced continually into false position nd be
maze at every turn the val of hersel she will vanly
aePt 10 elevate with her right hand what she is thus
the increase or continuance OF SO fatal policy and to
ensure to the state, at all times the command of her
own markets the choice OF her own opportunities and
Inc selection OF her own times OF sale should deem il
expedlent to identity these guarantees with the other
ponds oil the state, by issuing in their stead coupon
ponus similar to those recommended above, and pro-
tecng herself and providing forther and for
ne payment OF the interest thereon may fall DUE
oy taxing from the respective companies ample guaran-
ices and mortgages OF their property By this
neither the Liabilities of the state nor the obligations
OF the corporations, will be increased or altered while
| the financial affairs OF the commonwealth will be
moulded INTO symmetrical, uniform, and simple orga-
nzatlon which will facilitate the circulation and sale
OF her stock, and consequently give it increased va
lue in the market, and establish her credit on perma-
| nent and assured basis.
The report exhibiting the state of the literary find
is herewith transmitted, and you will be gratfed to
see the encouraging prospect which it presents
Inc colleges OF the state are unusually prosperous
the University particularly so; it at length 10
nave reached the destiny which the prophetic vision of
us ustrlous founder so long dscened in the future
1t may be said, without qualification that this nobe in
stltntIon IS second to none in America.
change OF the law, introduced in the Code has
prevented the printing of the report of the board of
visitors understand is one Of unusual interest," full
OF important information. 1t ought 10 be printed; but
| Tor tins, provision must be made by law.
The Military institute continues to be great favour
lite with the Virginia public. From the report of the
board OF visitors you will its prosperous condition
and you will be pleased the high testimony bears
to the energy, fidelity and ability Of the sup. rintendent
| and professors
| A loan, amounting to something over twenty
thousand dollars made years ago to the En-
DRY aud Henry college The trustees have been re-
leved from the payment OF the annual interest upon
condition OF educating sixteen young men, free of
charge Tor tuition board, fire. &c. This at the rates
charged by the college, equivalent to sixteen hundred
dolats year interest upon twenty thousand; and at
the rates Of almost any other school or college in Vr
gna, would amount to at least three thousand dollars
The unreasonabeness of this upon so useful col
lege is m anest all The institution is i'll able to
bear this burthep; and they entertain the hope that
the legislature will relieve them from it, except SO far
| as to require board and tuition, amounting to sum
equal to the annual interest upon the money due the
state.
The medical college in this city is furnishing under
the liberal and enlightened assistance given last win
ter by the legislature.
The reports of the directors, for both lunatio asy-
lums are herewith transmitted. They are full of in
terestng matter.
Ihave of information concerning the asy-
lum for the deal and dumb, and that for the blind at
stanton. presume, however, they prosperous.
The bank returns shew these institutions be pros
perous under the judclous management of their pre-
| sent officers
! The report of the superintendent of the armory
shews the condition of that arsenal. The arms are in
thorough state OF preservation The operation OF
has been steadily going on and the work is executed
| IN the most superior style.
10 the adutant generals report beg leave to call
your attention particularly The necessity for having
| complete enrolment OF the militia is apparent, when
we reflect that annual quota OF from the ge-
neral government IS regulated by these returns Virgil
n mas undoubtedly, lost greatly Tx mnerect retnrns
ne only mode OF enforcing an approximation 10 cor.
recness IN hen through the control OF the adu-
, .ant genera over the pay OF adutans OF regiments
1 ms mas been changed by the Code and serious
injury Will result to the public interest unless some act
| IS passed to ensure correct return.
In connection with this subject, beg leave TO call
your attention again to the necessity of encouraging
the volunteer corps OF the state. The importance OF
| that arm OF service is well known With small de-
gree OF fostering care, Virginia could have body OF
very short notice for actual service The preparatory
drill through which they go, would enable them very
shortly when in service, to be perfectly efficient
herewith transmit for your consideration, memorial
from convention OF officers assembled in Richmond
In October last, touching the subject of volunteer Or
ganHatlon hope will be the pleasure of the egs
lalure to exempt the members OF uniformed volunteer
companies from service upon juries 1t is thought by
nose best able to Judge that this act will most material
ly encourage the volunteer corps
| = Inc w ashngton monument, commenced under such
favorable auspices has been prosecuted with vgor and
Is progressing more rapidly than is usual with works of
me character Its cost is very greatly diminished from
the fact that the stone Of which built is procured
from quarry the properly of the state itself. The
beautiful granite composing this structure COSTS there
lore nohng except the price OF quarying and trans
refusal to accept toll for the stone passing down the
canal, intended iCr the monument, diminished still fur
Their the outlay.
ting weights and measures 1t Isl very important sub
Ject to the public, and deserves yosr attention
send herewith memorial from the American as
socalion Tor the advancement OF science
vi; Vattemare, the worthy and Jealous phlanthro-
pst has recently sent some valuable and highly inter-
estng works to the state library the university and the
military institute recommend that the laudabe OBJ
ect he has at heart be fostered by the legislature.
ieel constrained to call your attention to the subject
never rested upon any people than that resting upon the
United States to pay those debts. If congress persists
in refusing to discharge hem Virginia ought to assume
the obligation. The grounds urged against the claims
are pletexts. II is pretended that more land
claims have been allowed than there were soldiers in
services but the records OF our offices shew tina. the
number OF men in service double those that have
been allowed land bounty. 1t is said that great laxity
has characterized the action of the executive its adj.
iudication upon these claims. This untrue, will be
by reference to the decided for will appear
that much larger number of claims have been rejected
than allowed. Virginia gave up to the United States
an empire, charged only with the payment OF her sol
ders who had won it. IfCongress, its zeal to pro-
vide homes for the descendants of those who foughtour
troops at Brandywine and Trenton, shall persist in par
ceiling out to them the public domain which given
to the United States in trust by Virginia. and refuse
pay the lands we promised, Virginia it to herself
to discharge the debt in money.
The resolutions of the last Legislature requesting the
president of the United States through the American
minister at the court OF St. James, procure the
of certain documents carried off by the enemy in the
| revolutionary war, sent as directed. The object
OF the legislature has not been accomplished, but their
wishes have been met by kind proposal, the part
oil the American minister, to have documents copied
bya Vermont gentleman, peculiarly qualified for this
business, and who, the minister is ready to
| al L