Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-06-18
Speech Of WM O. GOODE, Esq, in the House o
Delegates Of Iirginia, on the Bill imposing tares
for !he support Of Government, delivered Thursday,

Speech Of WM. 0. GOODE, Esq, in the House q
Delegates Of Virginia. on the Bill imposing tares
for he support Of Government delivered Thursday
June 3d. lS52.
ces of encouragement which attend may be par
doned for referring he fact that shall not pr"haby
dctan YOU long, you have been prepared 10 expect
Much Of wha: might have said if had spokcn at a'l
earlier day, has sdcd from my memory or subsidized IN
my feelings.
suit of the abors of the Joint COMMITTEE which consisted
of Ike Committee of Finance OF the Senate ana o me
Committee Of Finance Of the House Of Delegates acting
together under joint order OF the t%o f1ohses-nh
anomalous procedure in parliamentary history-a cohi
,nee of conference before the disagrcement-a nov.
city in parliamentary law-nconvenlent in practice and
calculated to disturb and TO derange that distribution OF
political power designed TO be established by the coPro
misses and limitations of the Constitution: II mas oeen
less nischevous Ill pTactice, lhah ooJeeu"i"o'e " ~
principle OF its organization
The object Of this Joint Committee was to ascertain
the amount of money necessary To meet the obsaos OF
The Treasury through the fiscal year 10 commence on Isl
of October 1852 and terminate Both September, 1898;
both inclusive
THE first s,ep taken was TO determine the sums TO be a
proprated 10 the ordinary d'sbursemch'S-'he us"a'
ana regular ANIMAL payments from the Ircasfy III sup
mort Of the civil lst-ond these being arranged Tor 'c
most part, as estimated by the Adtoro Public Accounts
in his estimates of the ni of April last were ascertane
10 require the of i've hundred ana sixty a'o"''''
eight hundred and thirty dollars
The Committee Of the House next Determined 10 hs
the sum OF ll97l 5 80 as the Co"ced debt ol I"e Itc
ON Isl January 1852 exclusive OF the sum OF DE
oI held by TIE Board o Public Works and the president
and Directors OF .e Literary Fund. On which Fn, OF
Sll 97I S2 50 the per cent required ny inc Lnn
st;tcton 10 constitute sinking fund amounted 10 So'o
| t35 TO-
the estimates of the sinking fund the 81 5l> 9 wa
made bv majority Of vote; whilst the Cohih'tsc Q
the Senate unanimously agreed that 1t was part OF l
funded debt of the State due the Isl OF january icG
| ho ;nclu1el the estimates Of tlc SlhIll-
fund But this diversity of decision between ule t"'
Committees will not materially preJnace tae p""e ~
terest considered as mere question OF Pr'cuc'
though the question assumes higher importance m!Ii
IA one of constitutional construction IL th'
opinon of the Committee of the Senate prevail sever
ner cent Will be collected the amount anu annually an
piled for about thirty -four years wheu 'he We peo ;
6e exringuished. IT, the contrary we adopt inc aecis
inn of the Committee of the House. the whole deb WI
rs uermanen and extend through all time, and devoyt
on the State the necessity OF paying as "'eFeS' aiia
forever the sum of Sd, 100 C.
!, NO., hac,,e necessary to ascertain what amount
the public debt had assumed form requiring TIC payen
OF interest since the lst OF January l9oS' anu y W."
ternined thu, the of s2u2oUUU OF new uep, s'''''
he carried into the estimates for the sinking fund when
commencing to bear interest at irregular uavs WI I,
volve the expenditure in payment OF lh'ctcs' - 80
| 1853 inclusive the sum OF Sl4l ,'oo. ,.o CO. 49,
~ mi. amount of 50 02 900 the sum OF ;! 2oo' wa
actually funded since January st 1852, i'll coupon oond
bearing interest whilst there were IN the hands o. &c
den Whers &c. the sum OF saj2Uoo' "a ea s1ls nn, :.
deDces of public debt: and the relnauluei, S1";oo "
the amount of valid subscriptions to JOINT stock compa
ues, which the two Auditors supposed wonid DC ca''e'
| for. paid and funded before lst January, lco5:
| tter strict INQUIRY and aborous invesigation u
committee determined that the floating debt or dehc'er
~ in the Treasury equal to the sum OF S3cUo9. 10
the payment of which, 1t was necessary 10 pfo.toe n
t,,es or that necessity may be ohvated by innohg t
deht and adding the amount TO the permanent aeot Q
ho State. which s recommended to the General ASsom
XIV in the nresen condition of the Treasury; and WIN IN
s,,e At per cent the amount of annual interest 80
6OS 70 By adding the necessary 70 meet tne orol'
| ~ advancement, 10 the amount OF dehciency 10 IN
re,nry and the several sums required 70 pay he m'e'
o., ON ihe public debt, ascertain inc amount neces
,arI 10 be raised the fiscal year. 10 c'o'o on oA
tenber, 1853. These sums are Tor -oo,.o >
| Ordinary disbursements, ,o ooo nos y
For interest on bonds lst January 1882 oso
For interest on new bonds and de0.,
For interest to Board Of Public WORKS a., ,sa 3
and Literary Fund, -.
T or inserss, on dehciency s,h. 10 w. 26547 6
l,6593i9 8
r,o,,,r aeh, ;, doe,;on,r = T,e,ury, 3s0097 !
Ae - = ~' -
2,03s4l6 9
,..,,-sn,, and cos, of .ouscon 1OO38l 0
Necessary to be raised before 1st Octo. -o- q
Der, 1853 S2'i"0'1'1
Having, however, recommended that the hoauhS ue'
~ deficiency in the Treasury su be postponed ana COZ
ner,ed into permanent debt, that may be deuocte
from the S2l3S 1877 which will leave the sum of Sl.oe
7oo aa he reduced by the amount of revenue derive
sop ths Fund for Internal Improvement, and the ais
dd fom hank stock and other sources, equal to SoS6