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

hase statements be true by deducng the smaller h ,
argcr sum- shall ascertain the increase OF s January
dbl between the 30t OF September and l.. scS IN ro
nsl wl cI being done will give the sum o Nv tr
rcsrono na within GU cents with tho amount S''''
This um of ssas5 GO being added to and
] a h ~ Sen GuuJed between the lst an "o
10Th March, orms aesr ia a0 2 then payable
bic payment Of The wutd reduce the sum thus
tuai ana vao @ 10 1927 IS corresponding with
in few with The sum in hc Inns appicd in
nased The funded debt to the sum OF sll5l2 IN on soh
March last :, o.4 oo7 g, n,r,,s ., ,ccnn, Of ,c
NAL and valid subscriptions had been consdeTao: charged
the date OF The Report of the Committee IN ls manner
which will now proceed TO explain
II is stated i'm report VI the committee ta' oh "c
30h September last the State liable in the further sum
Of 81 600 0-0 dependent The organization OF JOINT
Companies 70 which lha, sum is authorized 10 be snnsc.o
cd" To verify this statement, now refer 10 ,it Iepo'
second auditor page 49, where after adding az 'e cls
mentioned he asceraincd tho sum OF elooo ooo W W m
Statement OF authorized SUBSCRIPTIONS 70 ~
3Oh SepIempcr 1851. But in the language OF the commit
Iress rrnou "since 3Oh September some of those cupa
mics have become organized and having complied WIN e
oys;nns of law the State their account, has become
hound IN law and equity by valid subscriptions for the iu
Their sum of 1854 100 and This is shown by the MANUSCRIPT
wh;ch have already exhibited, and again exhibit
emannnr from the office Of The second auditor in the man
which have already explained. haa propounaea INC
question vha, Joint Stock Companies have ceen oTgan
Jed since 3Oh September 1851 and what Is the amount OF
State subscription the capital sock! Inc ans"c! emu
mrrues the Companies ioIth The amount subscribed 10
each and :scer aims of the subscriptions 10 be
s2s4 72O This sum must be nodded TO the So 927 g.
constituting an aggregate of 81 GO2 6i7 true sum pay
able on actual aud valid subscriptions made before the 2Gl
of March, 1852 and Tor which Inc oale oouhu IN IL" anu
! equity. o,co,c,-
3l43l2 III obtain lie sum OF Sl79l4S2l 6o-coTres
podng within fraction with lhe atnonn stated In The re-.
bort Of the committee Of finance be the amount Of funded
deb, and valid subscriptions on 2Oh Of March, 1872
It is stated in the Report from The COMMITTEE 0! FINANCE
| Ihpf 'Omm nWtnlth
pay additional Subscriptions authorized b. existing laws
amounting 10 1872 $50 TO companies not arahz@d On 2o
March, 1852 and this statement is verified by iG manuscript
already introduced. In reply 10 the nterpgaioy IVY nat
will be necessary 10 raise for companies NJ? YET Or
ganize?" the manuscript alto! making eaicuia'"s i"T-
nisles tic "answer, SI32 3O0. .
The only remaining item, introduced into the table Of public
debt and liabilities exhibited in tho Report rom The Commit
tee of Finance amount OF bonds guaranteed By The
Slate rs surety corporations and joint stock companies
37I which is notorious and clearly verified by the Re
port OF Second Auditor, page 49-where he furnishes
a staten. nj Of liabilities OF The STATE account Of the
guarantee Of the Commonwealth 10 bonds rs corporations
for internal improvements; at'er specifying the several
liabilities and Undertakings tho Auditor sunis Inc who and
exhibits the result OF S3,9ul,ol.
ton vi the Report of the Committee exhibiting me amount
of the debt and liability of the STATE So 5lSi57 Co.
Thus have sustained them The authority Of The Re-
ports Of TIC fiscal officers o! The Government "ho II not
reluctant witnesses, certainly are mol o6naXus to the
charge of desiring magnify the statement of lie public
debt And now sir, may call upon you-rpon The House
upon the country, to vinGicatc mcto Tndcac a report
from the uncanGd and lnSidlonS ciargc OF e"iGget'ion
With all the conscious confidence OF Truth, might well
rest my cause on the topics discusscdbu hnk pro-
per 10 90 farther in the discussion. will call my sup
port the estimates The Auditor OF Public Accounts,
Gently prepared for this INCONSISTENCIES which if not pre-
pared for elect and made ORDER might lie regarded If
may form judgment from appearances as designed 10 dis
credit tie report and break the force OF lis effects
public mind Estimates such these will bring forward
and compel vouch the general accuracy of the statements
from the c0inmitiee OF Finance
Besides the estimates furnished ny the auditor as the true
results of his reflections and opinions he has accorded
alternate estmate founded possible construction Of
The constitution suggested that officer another person.
This is found in the document of 10Th APRIL 1852
On The 18th page Of the document there may be found the
/ following entries:
"Sl3dS2 S57 81, debt on the lst January, lS52'
G25 7U5 95 paid from lst January to lst april, 1852.
l72S0l4 70, payments yet 10 be made on subscfip-
/ tiGns
2l2Q 9G3 H. amount which is 10 be subscribed 10
| ganiscd companies.
l42560 co. balance authorised TO be subscribed &c
| companies not organised.