New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-17
financial.

VIRGINIA 6 PER CENT. COUPON
y BONDS fJrssle by J THOMPSON, No. o. Wau-st-'
NeN-York.
At home the credit Of virs" ''--'sa 90 ueseve' anu
"a. -. -. public stock in the inds of her
own citizens.
Her comparatively Limited debt, and the scrupuous pune
,uaty with which she has always fulfilled hes engage
n ents, seem to lie bat little understood
ssessise '''''
This 81, OK was held as follows
Ia kurIo,- 20,
In recent report the General Assembly the Auditor
the Of Stocks owned BY the State at 81 Oo
sos In other words tie State this amount ofnterest
paying securities.
A Sinking Fund is provided in the Constitution for
the final liquidation of the debt OF the state The iaanci
IrovsioIs of the Constitution of Virginia
give the best guarantee possible to the holders OF her
Sochs Ia point safety her bonds are equal to
.ecu,i'y in the civilized world.
On attic 29lh Of March 1851 the General Assembly Of VIZ
gia passed Law auth rziig the Boasd Of Public Works
to borrow on her credit -Four Millions Of Dens, - COM
plotc her works Of internal Improvements
Coupon Bonds bearing per cent interest, piyiDo IN
New lat the Bank # Commerce. on The frat OF Jaou
ay J'y and the principal payable IN July, 1885, are
now issued and offered to the public. That the Bonds may
come within the Of oil who desire to purchase, they
have beer ISSUED denominations OF 500 aRd $1,000
sGOOtCO Of these Bonds have been taken By the
United ates Government investment for the Indian
Arnuty Fund 81 so 900 have been taken By Capitalists
Savings Banks, Insurance and Trust Companies, aud
OtO eco b. Lobdon and Paris houses Tor European ac-
count The balance at the disposal II the subscriber
III amounts IT $50 and upward, at their current market
yaae vilhou, brokerage TO the purchaser Jaa ,ls''
| FINANCIAL ARTICLE OF TIE NEW C0SSIlrU-
TON or ThE STATE or VIRGINIA ADOPTED
BY THE hEFOkM CONVENTION OF 100, A NJ
APPROVED BY THE PEOPLE ON The 9TH
! TUESDAY is OCTOBER, ISL .-..,
Alto 20. The liability ~ ihe Stit Of h} Hi'iPp AV1
comTasy VI institution 70 redeem the pnn;ph ana pay
he n crest Of any Loan heretofore made ~ wch nay
hereaf er be MAIDS by the STATE t. sach Sgpthy oi l,s
fut N shall no. be released and The DeaeIai Assembly
shs mo-, usdee faith Of the state, or bIGi I'D any I0h
for tho ebts ~ Obligations d any company or corp
eccruiug revenue equal % seyen per ceht 81 she
state deb; On the htst day VI Jshna N t ~
one thousand eight hundred aad tj ils iunn nus
called the SnhinE tuli aln shiu 10
onnd 10 The payment the mtsIesi OF the state osD
aud the principal If such part ss may 20 edeemayie III
n,DaTt he Tedeemabe, then the residue u ne ohAlh3
Eud after the II such interest,", sht % A'esou
IN the bobCs or certificates Ot ts COMMUNICATING Of"i
The ptfd states or of OF the Sa'es OF this mon
and applied the payment 0t Ire Sase deD, As shal
becme eAeemable. Whenever. AFTER me std hiss "a
debt stall be contracted By The COmnOn"ealth
there siail be set apart IN Ike manner, ahhltt, ~
gregas annual interest 10 be paid thereOa al tue uo
Contracted hch sum shan be part Of the 5f Aihs u,
and shall be applied the manner before dreo,el Inc
General Assembly shall not Otherwise appfcplhe any
the Snxng Fund OF ts accruny interest," eiOeP N
( time OF war, instruction or invasion
Article 30 The General Assembly may al any tms CO.
rect ae Of the stocks held by the Commonwealth IA Ia
| teua Improvement and other companies 0Ot the pro-
cesds II svch sale II made before the payment Of the pub
he debt shall coIstue part Of the Sinking Fund and
| be applied IN Ike manner. 10 NihSo