Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-06-04
/" SlS,lU9. $50 o."

ISIS, lU9.6GO 80"
For this amount Of debt and liabilities Of the
wealth. we have here authority Of the auditor OF pubir
accounts himself Bat he has excluded from that statement
the sum SG00000 which cannot be rightGny excluded BY
turning lli page OF the document, it will be perceived
that the 81 y $50 balance after deduclng SG0G 900 which,
he says there strong probability will be called for
S74 $50 authorised 10 be subscribed 10 companies
organised But these companies have legal right orgi
Mise ard dfand the authorised by their charters,
therefore hc sh,iuy excluded from the computa
ton liabilities and if they De added TO ego 49, will
make the tsbr and liabilities SIS, geo 90, which,
ceivng tn, addition of the guaranteed bonds OF So 90 3I4
is carried up to s226l o3i 49, being sxty.;wo thousand
two hundred ard seventy dollars and nncytwo cents
than the statement in The report from the committee
Finance
Thus have established from authentic official evidence
and from the testimony of enlightened and truthful,
though rel, Witness that the Of the dcb and ab
lily Of The saieis really greater than me pretended exaSGe
rated statement contained IN Tic report from The committee
Of Finance.
now invite attention The comparative estimates Of the
resources az the fund for internal improvements coInp
ted By the auditor public lie pa and
the oher by myself as the organ OF the committee ci FL
nance
On page l3l4 OF the estimates oil tho Auditor the gross
receipts OF The fund computed for the year 1859 At
s33G 635 S. TO make This amount however he includes
$32 500 OF premium be derived from the sale of Slate
bonds But this obviously part OF The iacone derived
from the fads stocks belonging to the board of public
works ihou2 will be Of the State for the pay
cnt OF dcos If be daductcd gross receipts will be
reduced 1904 l35 3d. But giving 10 the fund the benefit
This PIC mum sale of the State bpnds and computing
il annual income The gross amount is 1886 635 %
which, a.icr deduc'ing the annual expenses in which is H.
cludc: interest to Inc old James river company stockholders
aad III" literary fund, the nett income for the year is
1854 made s24 42l 46; maxim. for The two years Inc
nett resources Of the fund S537,I3 4U.
On page II o. the report from the committee OF finance,
the nett income Of the funds is computed S!i ass IT,
GLIDING tie intercs; payable from the James river company
S29O243 IT, being several thousand dollars than es,i
mated by The Auditor for 1853 1851 But this result is
occasoned by my allowing an increased revenue from tvi.
den bonds which appears be anticipated by the Second
Auditor, computed by the Auditor OF Public Ac-
counts.
Thus is it shown that l. who represented dis.
the public Indebtedness have STA ted The
debt aud liability Of the commonwealth at sum smaller
han compu: ed The Auditor of Public Accounts Tnus
il il shown that l. who represented disposed
dcratc the OF The board ol public works have STA
ted those al an amount greater than they are COM
pucd BY tie iudito. Of Public Accounts.
propose invite attention ~ other parts CT the
pn. FROM the committee and of the estimates from the Au
dtor sew other correspondence condolences,
point onl and under the circumstances the
condolences will be found in several particulars 10 he sts
ing and remarkable The facts stated in the body Of the
port deemed by i's aaho 10 be authentic and susaina
BILE on If! ,aahe proofs The estimates Tor the rCccpts
ard disbursements for the fiscal yca are concsscGy conec
t,rQi and comprtcd calculation Of probabilities; ,ry
did affect erTcsSS. never had the vanity the fol-
Il prcsaG.e that familiar with The detail or Enulir
the Auditors ilcc The cstiml;cg made without
assistance my night. | had the aid Of
rhos. H. Dewitt TO furnish tie clue, 10 conduct me
through the labyrinth Of the department Of the second Au
d!tor could nor, in the department OF the Auditor OF
public iccouu command for entire tic efficient
services Of Joseph Jackson that admirable officer who has
ut William and Mary-thc worthy successor OF worthy
father-pcrfccy familiar with tho minutes of his Office
extending aid to those occupying higher POSITIONS and
displaying nprc,eRns virtues by the nnremtted a5Crs of
life Of Notwithstanding 10 that officer what our own
clct: (r Munfod) is this honse Sir, il is beautiful
incident in the history Of State that each OF these val
uubic officers shonl 10 early life have become the
sos of his father and in despite OF The fury of party
spirit each has been supported by the force Of merit and
permitted 10 illustrate his virtues in the position which
adorned by his amened ard veneralei father. No.
had such aids were brought 10 the assistance Of
the Auditor; yer shall observe general coincidence in
the estimates OF usual and general receipts and ds5urse
mentS.
The annual receipts into tho treasury from dividends on
bank stocks and all ordinary OF revenue, exclusive
of rrnpcrtv and licenses estimated by the Audi
tor al S32345 ~ See Auditors estimates, page ~ The
receipts the sources estimated in the report
from the committee Of finance, 1923 500; remarkable
approximation when We remember the very different cir
cuinstanccs under which the estimates made-boh
being conjoctural and ccnpccnding eighteen tifcre
sources Of income.
The ordinary annual disbursement: from the treasury on
account of salaries OF public officers tie c:e rXpese u
the civil list and ell other subjects expend IRE exclusive
Cor sinking fund and all other interest tue public debt
estimated by the Auditor at S473 liz g. (See Audi
tors estimates page 81 Tie annual disbursements the
same subjects estimated in the report from The commit
Tee OF finance stated at s46S O remarkable spprox
nation when remember the very different circumstances
undcr which the estimates made-boih being conec
raj ana compromising thirty different subjects OF c
pendisurc.
Having established that Tho statement of the debt and ia-
bites OF The commonwealth forth in the finance
port sustained by the Auditor of Public Accounts and
deed that his estimates may DC adduced establish the
isience of somewhat greater Of public indebted
ness Having shown the authority OF the sam: high pGb
lie fu nctonary that the income of the fund for internal
provemens stnted by the finance report rather
greater than estimated by him. Having shown the
authority that the income of the State derived from all
sources other than property and licences was stated
in the finance report at sum atner tnan estimated
by h-and that the annual disbursements from the
ry other than the of the General
Assembly the TO be set apart Tor the sinking fund