The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-01-06
LOCAL MATTERS.

Cry RKvrNrE-The Committee OF finance
have prepared several important nnancia reports
and ordinances which will be submitted W tneir
chairman, Mr. Robinson, to the Counch u 'neir
next regular meeting on Monday next. we nave
only room to-day, for the following report as 10
sinking fund and the necessity Of raising more re-
venue:
Tho Committee of Finance respectfully report,
that under the Charter of the City, ike In ths re-
spect TO the Constitution OF the state tnefe IL ~
set apart annually, from the accrulng revenues Vi
the City, sinking fund, to-wit unoer the IN se.
zion of the Charter sum equal to seven per cent.
of the CITY debt existing when that charter com
menced and under the 45th section, whenever aiIer
the commencement of the charter tnere - con
trected By the City debt not payabie "rhin me
next eve month"; sum exceeding Dy one per
cent the aggregate amount OF the annual interest
agreed to be paid thereon at the time OF Its con-
traction.
seven per cent. is thus to be set apart annually
on the debt OF tilty thousand dollars to be con
tractsd nv the CITY on account of the recent suo-
scription to the stock of the Richmond and Dan
vile Railroad Company, as well as on the "hoie
City debt existing when the cnarter con Henceu'
and on any other debt contracted slnce winch may
not be PAYABLE within the next Twelve monihs.
The seven per cent. on the whole debt whlcn mas
been mentioned. is be set apart annually from Inc
accrung revenues OF the CITY And In tue nature
of things to enable this TO be DONE there must De
raised revenue sufficient for the purpose every
year after paying thereout whatever else ID required
within such year for other purposes than the re
demption of The principal OF the ceruhcales CT per-
mRnent debt. . r
In our report made to the Council on the 4th of
| June 1852, we pointed cat that according TO the
Chamberlains estimates the disbursements Tor the
present fiscal year. even without any further appro
priatons would exceed the income; and we Know
that since those estimates there have been further
appropriations which will increase the deficiency
In that report we expressed the opinion that II
was necessary, on the one hand, 10 pIaclise III
creased circumspecton in regard to the opJects ana
| the amounts of appropriations, and the other
| hand, to take measures to enlarge the CITY IN
come.
Then we remarked that in respect to many sub
iects OF taxation it mg hit be too late to act IN time
TOR the taxes this year" Now, that entering
upon a new year, for which taxes are to be as
sessed, we think the time has arrived when such
taxes should be laid will produce sufficient re-
venue.
TIE Committee have come to the following reso-
luton: .
nances establishing the sinking fund, required by
the charter, and providing revenue III escn ensu.
ing fiscal year sufficient to enable such sinking fund
to be set apart, as well to pay VIII atever else IS
required within such year for other purposes Than
the rede mption of the principal OF the Gel thcaes
Of permanent debt.
Also an ordinance changing the sums to be paid
by Auctioueers at the time of obtaining their IL
cense.
Be i: ordained by the Council of the City of Rich
mond that where there shall be authorized by the
Council any such license is mentioned in the sc
cond section of the ordinance passed January 18Th,
1851 concerning the taxes upon licenses to auc-
TONERS and upon their sales, there shall be paid, in
lieu of the mentioned in that section. fifty dol
lars if it be a special license to sell only stock
bonds or cer,ifcgtes hundred and fifty dollars
if il be special license to sell real estate only one
hundred and fifty dollars if it be special license to
sell slaves only; one hundred and fifty dollars if it
be special license to sell other things than real
estate or slaves; and two hundred dollars if i; be
general license to sell any estate, real personal
and such bond as is given by person obtaining
special license to sell real estate slaves shall be
given by person obtaining special license to sell
other things than real estate or slaves,