Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-06-04

, r,u upon The House and the country 10 Vindlcate Tue
yiudicae me-against the unjust and ungencous
snu,ion Of disposition exaggerac the public indcht.
edncs, TO depreci:'e The public resources eei 'al
have -ht challenge the confidence o The House nnh OF
tho country the statements and estimates OF ic reof
Sir whatever may be your Judgment whatever may DC e
judg ment the world the statement OF the puoc deo i
true and will be established by the uii-searchins, aJhS
| inaIblc test Of time
Thus far Mr. Chairman it has been my province to rea
of the coincidence and accordance between the estimates
the auditor and myself These reier 10 Inc sca anu
c fund for internal improvements for paying The principal
and interest; and the regular annuai expenditures v"
The ,rcasury and the regular sources o annual revenue
axrsvc Of the taxes property and licenses now ap-
n-oach the confines OF different region move upon ns
realm Of discrepancy and dscod Sir mere are o!sciera
c. between US important discrepancies On SUBJECTS IL is
, less vital than those already discussed nut YET VI con-
siderable magnitude What those discrepancies are VII!
| proceed now 10 show .
the general assembly information TO enable us 10 determine
on the Of money necessary TO be raised ny liSes 10
meet the engagements of the treasury, through Inc Two Us
cal wears To terminate 30,h September, 1854 This In
vuved the necessity of exhibit oil revenue pooaoV 10 De
derived through that term from the ordinary sources oe
than taxes on property and Licensees and also an exhibit OF
The disbursements ordinary and extraordinary through the
crm II has heen shown that there is general concurrence
in our estimates of ordinary and expeni!ues-oui
sir nrr IS wide diversity between u.s. as TO the trrdoT
daayy disbursements and the aggregate sum required 10
meet the aggregate demand On the treasury. 3
Our disagreement refers 10 the expenses Oh me zen
era Assembly Contemplating the wide held OF legislative
labor 10 be explored in len tie character OF the business
-
the session sessions will stretch through one hundred ana
eighth days OF about one thousand dGaIs per Day
e auditor calculates on session Of one hundred and tocn-
IN days Each member mus! determine Tor llms ana can
r,cu,,e the probabilities we'll as we. Here IS dller-
epcc us Of sixty thousand dollars IN TWO years
would that the auditor may De right anol wrong; oot VIC
.ro there is strong probability OF session next winter
shall d.poe II ard condemn IL expect to resiss III &c.
icyc it will be- condemned and justly condemned oy 'he
country fear shall have no power 70 pseveh NJ
of large deficiency in the treasury which regard as pro-
nregsvc and for which do not perceive that any eectual
ooysion is made by the estimates OF the auditor. on t
Ss,h posc OF The report that officer made TO lie General
Assembly at its present session. there VIII DC ioun emu
sd the probable or sslaea ssn M
entry 0! $3.50 Sill G which treated as temporary loan
rom . anks to paid the 18th December lcol ms
in fact loan contracted with the banks 10 cover an
actual deficiency in the treasury There was lrn le.ue
Of ordinary revenue meet the engagements OF The easu
ry resulting from fGu:c in the preceding legislature 70 Us
ss lax equal the necessities oil the treasury anu uc'
, IN inc fiscal officers the necessity Of supporting the
government from day day upon borrowed money. Even
the ordinary fsua annual ana ever s nubr "ec1s
paid and could only tie paid with money borrowed from the
banks !,
On The same page of the document, there may be
another eary of disbursements for that year
of $50 sos S. bal nce OF interest paid oy the SECOND
Auditor prior the first Octobo 1851" ms, 100, was
nothing other than actual deficiency IN inc treasury. -
was tho PAYMENT Of interest on the bonds oil the STATE Wit
money pay contractors on the pubtc 1ro'6s
was borro,r ing money 10 pay interest
R laws OF the land the revenue OF Inc iuna iof h.el
nj is dedicated 10 the payment OF me 'nicr
rsl on HE public debt that be insufficient or IN
adsou;o il provided that the interest shall be paid oy
warrants drawn by the auditor OF public accounts on ht
general treasury the Commonwealth Al Inc close OF t
last fiscal year. the second Auditor had DONE as ne shGuo
lave done paid the last dollar of the revenue Of the fund io
internal improvements interest on the bonds hea oy Inc
public creditors But the whole amount OF interest was no.
yet pal-there we're other creditors YET 10 De
hoirh the first Auditor had borrowed from lhe BANKS
$3.50 600 for the general purposes OF the treasury ne 100
was without pay the interest due 10 the puoc ere
ors the general revenue had been c4haused-hc SZouo'
borrowed money disbrscd-ihe revenue oi inc lu1 40
internal improvement all faithfully and promptly applied
still the inporunate creditor Of the Stne-oi our own lou
Virginia-was knocking remoselessy al me aoor Vi '
treasury. What was be done! why, sir, Inc boaIu 0
Public Works had money, obtained, think, from Seach
Wilhers Co., by tho sale of coupon bonds OF 'he
money tcrroned under authority Of law-o pay contractors
on The public works. This money was applied through war
Tans drawn By the second AUDITOR To pay the interest or
bonds o the State arraign not the transaction for INT
mere purposes OF but 10 show lie actual deficiency
in The treasury and exhibit the stra! TO which the fiscal Of
ccr driven By their neglect and me failure OF III
preceding legislature provide revenue 10 inc wants
The known the Inevitable necessities OF the Treasury
The profits Of this deficiency arc rot yet exhausted VI
the same page Of The ocuneut, there will be ioun
another entry Of l S3 49, estimated disbursement Of lha
year. r Of ereS: due on or prior to ls !ny 2oz
but not demanded By bonIholcrs on Isl October sol Hap
py Tor the commonwealth the holders ct the State BOND
on which that sum due in the form OF interest did M
present their demands for payment and the 5ca agent
saved tic modification oil ling 10 pay al all ., u,
;ar Tie means oil payment from extranenns source
furnishing another instance Of paying Interest Hh oorro't
. money. a.,
hnndrs and i,ysix thousand dollars and fraction OF &C
lual deficiency the treasury Isl October, loo sup
pose they all have been paid SINCE on warrants drawn
public accounts tho general treasury Oh ~
mmnnwealh But If that be they were paid and Sal
ised with funds which should have been applied TO INC eS
pcndi:ue OF the fiscal year. TO terminate on INC SUI
Srptemtc. next The money pad in by the shcrifs las
fall designed support The civil list and pear inc genci
Of M no, I deficiency
$3.50 Geo wes thereby created in The OF The prtser
fiscal Year, md placed under the necessity NJ"
borrowing pay the daily demands on the treasury
De die in diem; We the representatives of free people,
DO live own means, are supported ana Jed o.
borryred r.oncr We the representatives OF the soveres
: rnwc: Of proud, agnanmons virsnia dependent for III
very bread OF life rey borrowed from Se'dcn Wither
4 & Co., private bankers Of the city OF washington SIR
' this unsistcnt with the dignity of the rcpubllcl
No provision is made by The auditor TO meet and discha
this lcfccncy-i. is continuing and increasing II i
known TO Tic house, that as long ag" as Inc m't"
ucud bill 10 "sc money by loan to meet inc pressing cA
rcnes OF In. treasury No will come in except none
thus borrowed until the sheriff shall pay in the revenue ds
rived from lcenscs When that money shall nc paid II WI
be Immediately applied to meet this deficiency. II will no
go to srppu., the government II; will DC instantaneous
swallowed in this guph of as III
grave l
rae t. an appropriation for the erection OF the Monnine
10 the memory OF Nasnson nc aHuue M ,ha, N
cGt rqTsl S25 COO II is for the Legislature 10 asc
whether work shall be prosecuted to completion or re
main unfinished condition. suajecNng Inc common
wealth 10 the reproach OF who commenced ouidlha
uusr without counting the Of completing it, II is Ger
tain a; more than 600 will be required complete tn
work on Which near sU0G00 has been expended already
The last item 10 which shall refer is the appropriation
the contingent fund estimated by al $4,000 by the Au
d;tor SIS 600 The estimate was made on calculation
Of probabilities as 10 what sums will be cxperded. lei
Justified by the experience OF the past TO expect il Il
equal $4,000.
Al these several sums being added, form aggregate
1896 OPS 46 which the Auditor has not included in his CT!
cna,on disbursements for The fiscal year. TO close on III
3Oh September 1858 They exhibited in the following
table:
Interest due on Stale bonds, hut not demand
ed by bond holders on lst O&to6tr 1851, 1851 !.
Interest paid by Second Auditor with funds
not applicable 10 that object, on the Isl Oc
,obsr, 1851, s03O5 81
|, Due Banks On lst December 1881 2506il g.
To WdsAiE slon Monument, 25000 OF
Difference in contingent fund, l5GQ0 Vi
n S396 OBS II
This deficiency will be enlarged by recent
ton Of this body. TO meet the demands
the treasury, the Auditor had calculated
33l ,Gj5, 10 be derived from the capita
lion Tax, which has been diverted by the ac-
tinn oi this house 10 the purposes of educa-
ton; and Il tic bill pass the Senate, will in
crease The deficiency pro tanlo 81, 3iS 3.