Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1852-01-22

iaiion. IS exhibited BY The late census 8 eoncasSs
Epoi t1ai ne Legislation Of our State in relation
TINS uniof. innate and anomaeuselass. though die
,a1ed VI the soEades, prineirssa Of philanthropy
has failed OF its object and nness policy mon
enefSste and etlcient in ils operation Sc isvi-ed
Us feared that thfs population which has alread,
& grown y 0e az isvls, wiA increase. Waist ID,
census OF 1850 shows 1hat th- Increase oi nr Wi,
population, during the ten years preceding was p
per cent, aud thai vi our slaves was 50 uef cent
exhibits The startling tact that Our Tree coored oe
alauon, during ne same period. had increased 4
the rate OF 20 per eenl--and that too durinr IL,
operation Of those laws which were designed Is rie
Us Of This uHpruhtabie class Of our people II,
drive them from the Stale by law, without assist
anee or PsovldIng them horne, would Be oppres-
sive and harsh and YET to permit The evil TO grow
still greater Is foshidden as well by consideration
OF humanity as us contrary 10 the dictates of Wis
dom and sotnd policy. ss
This question was deemed of SUFFICIENT import
ance to make il the subject Of constitutional ac
on, but il obvious that further legislation IS ne
cessafYi and beg leave, therefore respectfully Il
bring II TO your atiention, ana ask IT, ~ II dc
serves, your most serious Consideration
The State CREDIT is unusually good and no difit
Gully. which has not oeen overcome has been en-
counrred in procuring money TO carry on the extern
sIye Improvements In progress. Nor is any such
difficulty Appreciated in the future State bonds
are now selling at the treasury for premium Of
three per cent, apd in other money markets Of the
country at even higher price. The rise in the
price Of State stocks, during the past year. may be
attributed 10 the wise provisions in the new consti-
tuition, tending 10 prevent in the future rash and
lavish appropriations OF money TO be raised by
loans, and for sinking fund 10 extinguish in a
short period the existing debt, well as to the
change authorized by law in the form of the bonds,
and in the place for the payment OF their interest
thereon. Until last winter State stocks registered
in the second auditors Office and transferable on
the boSks thereof BY the person to whom il was is
sued, his attorney, only could be sold nor could
the interest on such stock be paid elsewhere in The
United States than al the State treasury. The
coupon bonds authorized 10 be issued by the Gener-
al Assembly, at its last session, being transferable
BY delivery only were better suited 10 the money
| markets OF the Uniled States, and to commercial
/ communii IS generally. This change in the form
of the bond and the power TO agree 10 pay the in
terest on it anywhere enabled the Board Of Public
Works 10 make sale of these stocks beyond the lin.
| its of the commonwealth u 4
The actual debt of the State was on the lst jan
uary, 1852, about Sill 92l 038 80 this debt under
the operation ct the provision OF the constitution in
relation To The sinking fund will be extinguished in
thiry-three years; aud any debts eontrac-
ted after the hrst day CT January, 1852 under the
1 same provision of the constitution, will be paid at
the end OF thirtyfour years ION the creation thereof
The exerioDs 10 he made for the purpose OF paying
the existing and failure debts will be doubtless felt
I very sensioly BY the country The revenue raised
by taxation must needs be increased at least fifty
per cent, unless the internal improveme of the
Stale, of which the Stale is eitheE The part sole
owner, can be made much more productive than they
have heretofore been. That internal improvement
Of the State may be made more profitable by Judi
cious appropriations thereto either for the compile
ton of those that unfinished for the removal
OF other embarrassments thereof, and by better
agement of these Improvements l cannot doubt
As itis she will OF the people Of Virginia that the
Stale dol shall be paid, and thai speedily surely the
intcrEal Improvements oithe SLATE, 10 make which
the deM was chiefly contracted, should be made TO
paw as much he.eof, as well as the current interest
10 And II, hfan
ion, iharIthink appropriations at this lime 10 in
ternal improvements which will not in all prob bill
y PssEs dT ne RaSlRS ~ are mo.
81 ESQ 4i6,i3 Of productive, $Sl07, SOC 03 Of un-
productive stocks. As before indicated this last
class q stocks ought not this time be increas-
ed II is worthy Of remark here, that the dividends
and interests on the productive funds with theaddi-
ton OF the bones on bank capital is estimated, in
the accompanying report Of the second auditor TO
yield $40, 1856 Sta sum equivalent TO per cent.
on nine millions Of dollars. b.
|, appears from the first auditors estimates that
the dehcicneyofthe revenue at the end OF this fiscal
wear will be S5lS,6t1 90; if seven per cent on the
debt contracted and to be contracted prior the LIST
July be set apart out OF the revenue Of this fiscal
year: this deficiency will have to be thrown upon the
revenues OF future years. II the General Assembly,
however;-and Think il will be wise and conlsitu-
tional to do so-pay only the current interest of the
year, heretofore, and satisfy the further requis
tons of the constitution as 10 sinking fund out of
treasury in December next then the deficiency at
the treasury on the Isl day Of October next will
only be S32l ,852 Sc; and tar, which will bring
In revenue 10 the wants OF the government, under
the new constitution, can be devised at this session
Of the General Assembly.
The subject OF internal improve ment, which for
many wears has engaged the anxious. attention of
our people, IS rapidly increasing in interest and i'm
portance, and viii require your most serions and
careful consideration Whether We look to the vast
amount of capital already invested by the State in
the enterprise. the appropriations yet required to
carry our successfully The scheme already begun,
and thereby make them available for revenue and
State purposes-or considerthe magnitude Of the OBJ
ects sought TO be obtained and the importance OF
the results anticipated from their completion in the
aid they will give in developing the mineral and
agricultural resources and the manufacturing and
commercial advantages OF our State-al will see
and be forced 10 acknowledge the Importance OF the
subject and the great and growing necessity tor en-
ergeiic and yet udicious action on your part in re-
laion 10 IL: Indeed the works of internal improve
ment already commenced and in course OF construc-
tod and upon viii h large sums of both public and
private means have been expended are so intimately
connected with all the leading interests OF The CON-
onweath, that every years delay II their compile
! tion viii necessarily postpone, al common loss 10
| the whole people, great and incaienlabe blessings
/ and for an equal period OF time defer TO The State
treasury that replelion which the heavy appropra-
tons heretofore made for internal improvement pur
4 poses so earnestly demand ana which their final
ro,npleion cannot fail to effect Many ofour sister
States with less capacity for such enterprises and
possessing natural resources and advantages Tar IN
ferior 10 our have under circumstances OF great
! embarrassment execned works OF internal improve
/ ment which would do honor TO the enterprise Of
I independent nafuns Nor have they heen disap-
/ pointed in the individual or State benefit which
4 their works were expected 10 impart The citizens
Of those States feel the superiority Of this improve
ii condition OF their cohniry and duly appreciate
/ The inc<eased comforts derived from IT.
t II our generous and noble old commonwealth has
4 been ,atdy in the execution Of those improvements
,nost clearly indicated By the geological structure
/ nf the country and in proper development OF her
grsai nhysical resources is gratifying TO consider
I Thai urofiing by the example Of others, she NAV
rain much al the loss in time, By wise, prompt and
energetic measures hereafter ~
Vb;Iss The 6nancial condition and credit of the
| S,s,e :, home and abroad, must be most carefal-
! i gnaYded. feel il duty in all frankness 10
saaaesi for your consideration, the speedy COM
rlssioo 81 such ofthe great leading improvements.
= anne.r mos, deeply involved with the general
insssasss III the Commonwealth An enlighsen-
g peliey would dictate and stern necessity De
5000 .nas Hose improvements should De COM
rrs,;.~*s $ speeasss Is possible. and that NO new
; sf,rs.ta II. E4tFtng eaSensiye aid from the State
- { u - eaepced nnfff,l;s .,rea, .,h,aet shall
I: /. as accomplished Vsr.;. 49, en,a,e9
u'r sf-s = let sssstr Sfstas - -. 'is r.
re ~ 70, gseat Wess and the w.. =
: tue tstssisS, pp'. ls Prize Tor which Va =
TEND il worthy 81 an exeriinn az ali -. son,
lei some re diges'ed sssien IS s,, sne1R.es
steadily nursued and success viii es,,,n Is. y
: forts. Ii i caatidpnilv believed hexever M,
s indi=criminats appropriations al tbs Line Is,
a. 4 - ttxuAF L