Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-11-15

Will, The Stnte Treasury.

srcosp Auptron,s OFFICE, viHGIsIA, Nov lst, 1899.
Stu-I have the honor transmit, herewith 10 hih,,
nifty To law, lire following statements a. anu I'D nf
mo a synonss of the financial operations OF inc DUAL 49,
pn,c Wn,ts Win the Treasury during the fiscal year emo
ing 3Oh September 1853, tho condition oI tue h
Fund at The end OF the same year. nna @ nader
c,inns If hu Sinking Fund since it's ORGANIZATION, unuu
the passed March Goth, 1885, ~ ''' '''''
1853. ,, tina rocei,ts Of the
a.sv m account of the Internal improvement runu.
mnun ,ed 10 S. GS7 i23 I'll aud with 'c oaahcG Oh n
of the last fiscal year. made an aggIe
wv, ~ * mo liza 49, There dsburscd, during Inc
ane neoJ IS 632 So leaving balance III the i'su
sury, on The Is. October, 1881 OF ssl $40 3D. .;.
III ann of SI25 9I7 06 received on account VI o'
,s hnnps and interest The productive Investments "
he Fund and premiums Oh loans obtained rms amount
Is s34l 81 than was received rom me s"'e
1nrno Ihs wear ending 30li September, lso2
r. i estimated that The receipts account OF productive
iyestn,us for the year will exceed by consider
I crenrs after deducng all legal charges upon the fund
r internal Improvement Is applied towards the payment
If interest on HE deb, OF the ComnonweaiIh
There was received account nf registered ana coupon
honda The aum of 81 0504s6 ST. Deduct from said amount
be sum Of SOB 500 an Investment made by Inc BOARD OF e
Literary Fund and 5000 returned 1t having oeen pfope
the increase Of the outstanding pubic deot
jrrup The last fiscal year. amounts TO 81 U2o 1870 q.
The aggregate outstanding public debt OF the Common
wealth. on The lst October last, utter deduSng Inc amodn'
redeemed, az per ekniot Vi 'ic S'"""s ' "
ed 10 be sl9.0il.05 oO ,,,,,.h mi ,,.,,;oned l.,
e annexed statements the equated value OF the pro-
I"cIjye Investments held by The Internal Improvement
nd and The Commonwealth proper obtain which, The
.hr nj The Commonwealth incurred, is estimated 81
- 2l 800 By eorattd rdiue ia meant That amount whc,
cir pcr cent Yields revenue oil these socKs lhefe
fare the outstanding debt OF Virginia. on the Isl OG.o0e
S less the above value OF Investments 10 S99Zo2io bU
The disbursements on Of loans ~ Internal I'M
vcu,ent Companies, 10 be redeemed IN lhY-lou years.
nunted 10 81 700 900. The oi 81 1899 30 was
nal. account OF subscriptions ana appropriations 'o p'
nnn:rs of Internal Improvement.
statement shows that the Internal Improvement iuna
productive investments amounting to So
i =
held at the end Of the fiscal year for 1881 In arriving al
this result deducted from the amount stated IN le
epCl of lhat year. The Of SlOO 0OO loaned TO the ap
pahmnock Company, which, though secured by bond and
mortgage was not then, nor is it now, productive
LII pleasant 10 be able 10 note e gradual and permanent
Increse Of productive investments.
Saement c. is brief exhibit oil the operations o TIC
sinking fund since it's organization
The Commissioners OF said fund organized UNDER the net
urch 26h 1853 and in conformity 10 the 29th Sec
lion OF The 4th article of the Constitutions upon principles
which insure the payment OF the interest," and The gradual
extinction Of the public debt o! The Commonweah. me
establishment OF this fund should and must necessarily
plucc IT. credit of the Commonwealth upon the highest
ground vi The public debt existing Oh the ls day OF Janu
authorized 10 be redeemed certain cerll-
fcaes amounting 10 Sl27 300 Of this amount there has
beeu redeemed STA 5G6 g. and the residue the holders
thereof hive presented for redemption hclnerest upon
the amou thus authorized 10 be redeemed stopped on Inc
st Angus last the time advertised for It's redemption.
The balncc Treasury To The credit OF tIc sinking
fund on IT, lsl day of October 1853, ia Sl37 So.
II is deacd unnecessary enter into details; these VIII
b. found 1.-The report am required to make 10 Inc ueHea'
u Assembly
!. / am, yer respectfully your obcdicnt servant,
WIN. l.. JACKSON, Second Auditor.
. 10 his Excrncy, JOSEPH JoHSaoN,
Governor Of Virginia.