Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-06-27
E We have only this morning to call attention 10
the following very full and Interesting letter oil Governor
Floyd on the Debts and Resources Of Virginia.

FL We have only this morning to call attention 10
the following very full and interesting letter Of Governor
Floyd on the Debts and Resources Of Virginia
THE public STOCKS, CREDIT AND RESOURCES
OF VIRGINIA.
We think il will b. controvcrted that tho value OF pS-
liz stocks depends upon the credit OF the government whlci
hen and that this credit depends upon the measures
disposition and ability OF the government TO support H. ~
Sometimes happens that the credit and conduct OF
State are but little known beyond her limits and the Com
onweah of Virginia illustrates this truth Al home, she
rated rs she deserves to be- and most OF her public stock
- the hands Of her citizens who know its value,
VIM hold il fast and prize it highly But at distance this
oho commonwealth Is viewed State entitled to c1nsl-
mainly for the wisdom and services OF her heroes.
and saesmcn and her generous and parioc sacrl-
Cos or The peace and safety of the Union. Her immense
her annual staples her comparatively ica deb
and the exact and scrupuous punctuaily win whc sc
L I,r,vs fulfilled her public engagements 0t every KIND,
] 10 he but little understood abroad, and IN ths reSPG.
Che NAV not be inapy styled 1.-THE Great Unknown bu'
~ , minds of those who institute the inquiries ana infes'
;,inn necessary proper knowledge o me iacts 'e
vctinn will be clear and conclusive mat virginia. Oh e
score of natural advantages and varied sources OF pc1
md wc,Ib unqueslionably stands as high, II not Ie'
ha, any other in the Union; and that her puh'Ic DEBT
nnrrd with her ability TO sustain IT, is but as "a leather
an The came back" The wonder is that In these fortune
lines such valuable and nexhuustibe elements o
I; nd nriyate wealth should have had due apprc-
citation. ;,,;,,, ,,,i,o,s T.. II
-r. E.o lately addressed letter 10 G"rERSoR LLOYD
II vr,ina calling his attention to the various statements
,h 5sc,be tie debt credit and resources of Virginia, and
srin Ls noinun about them. For the Information Of Inc
;c we puosh below the entire correspondence NOT doubt
w h,t the valuable knowledge which 1t dscloses wrepay
rhs reader for the trouble tmay cost hnl
LETTER OF J. II. CARTER, ESQ.
BALTIMORE, June 18th, 1851
Sirhe highly responsible and distinguished olilcia re-
I,on which YOU sustain The ancient Commonwealth OF
Vina must be my apology for the liberty take IN address
nS vn ON the subject Of her public debt-a subject IN which
n sure sou lee deep and abiding interest IN we" o me
extended system oil h'elha' Improvements" " l7'0
your State. .;,L .,,,,,h ,,,~os earn
M ,icas IN the subject Of ''Eirgnia and her resources
They appeared in the National nelgencer, New York Com;
merca Advertiser and other Lending Journals, copies "l
which take the liberty encose and beg 10 ask 10 "hat
eY.n their statements may be relied upon DO they EN-
bodv y and accurately all the facts essential 10 Just
innate Of the capabilities OF your State and q her claims 10
the confidence OF caphlistsl
II ,h.sn statements be entitled entire confidence the
new bonds which you about TO issue should rank
amongst the favored public securities OF the country
both at home and abroad. y
Win The assurance that shall esteem a favor the
communication such facts you may deem pertinent 10
the SUBJECT am very truly, your ooedicnI servant
J. H. CARTER.
Tbo articles referred TO in the above letter arc here subon
WI From the National In,elgcnrer
VIRGINIA AND HER RESOURCES.
For the information of readers publish the into
resting letter furnished by the Superintendent OF the Census
Rrcau of the United States These candid statistics tnun
ded on official returns which the of Congress requires,
will convince all who read them that the power and resnur-
ces Of This noble Commonwealth are very great:
CENSUS OFFICE, WAsHrSdToS, May 9, ISL.
Sir: In reply your letter may state that although not
prenared TO furnish detailed statement Of the value
of the real and personal property in The State OF Viz
oina the returns have been examined sufficiently
rant me in stating that the value OF the real estate he
mn NJ S275 600 900
Value of slaves ilL,WW Uyo
Othcr ncrsonsl estate los 100000
S53J0OO,uOO
That there is this amount OF wealth in the State Of Viz
gna have doubt and the Official result, when iuy 90
ianed II varies from The above will exceed il rather than
fall short Estimates have lately been made placing the
amount 600 000 which think great arising from
frequent recapulaon of the same capital In different
hands, kind estimate frequently made though producing
erroneous conclusions, explain the aacy OF which would
require time than can now spare, and which 10 you
would be unnecessary and superiuous.
Very respectfully, your obedicnt servant
JOS G. G. KENNEDY.
Superintendent Census.
Hon. WM. SELpES.
Whilst this subject may be well TO report the sub
stance of some other statistics lately furnished by the unc-
tionaes Of Virginia, showing The debt liabilities and re-
sources OF that Commonwealth
The official statement lately made 10 virginia by her aoc
Second Auditor, Mr. Brown, shows that
On the Son September last the public debt 81 re STATE
held by individuals and private companies was 81
~ Great ;''s Britain i''' ''''N " 50 800 $50 20
In France and Germany 6-,5oo W
Total in Europe s273s 2sg 20
In Virginia s565l,46i 10
In Mary land 392 l39 w
In the District Of Columbia ITO 100 90
In other States l42 900 90
Total in the United States 62s59VO III
Aggregate amount in all $9,035, $50 80
The same statement shows the apparent lia-
biIcs Of Virginia for guaranteed bonds is-
sued by companies and corporations, TO
complete her Improvements 94-3oZ ~
Total debt and liabilities of the State slSiG095l ~
The same statement shows the
present value of stocks
ed by The State tob $1,000 sos is
And the income of her stocks
that will soon be productive 4,s0l,611 81
- 1852 243 80
So ,705 10