Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-02-21

The Richmond correspondent OF the Petersburg Demo
GRAFT gives the following resume of the report of the Sen
aes committee on the debt aud liabilities Of the State
the total debt in round numbers is nineteen millions
from which Is TO be deducted eight millions Of productive
stock The Liabilities, in addition the debt amount to
fourteen mions-total debt and liabilities thirty
millions. or these liabilities, it is estimated that seven
millions will fall upon the Treasury during the next two
years.
All this is independent Of the appropriations pending
before the Legislature the present time According to
statement made by the Clerk Of the House OF Delegates
these appropri ons, ereire OF the appropriation for
the Covngton and Ohio road upwards of eleven
millions. The appropriation the Covington road is
omitted, we suppose because that will make chasm in
the Treasury into which can look without a
swimming OF the head.
If the Senates committee near the mark in its state.
men of the States Indebtedness and liabilities we think
il the part Of prudence in the Legislature to call halt
Make no appropriations except to leading lines which
promise repayment at early day-snd it the mudpikes
and log rollers will not permit his-make no appropria-
tons at all The credit Of the State should be maintain
amsa to check the extravaganza of the Board Of
Public Works. With twenty millions Of debt the State
canno, afford 10 pay $4,000 for signing coupon bonds
can it pay the salaries OF officers created without
| not contrary to, law
| RICHMOND, Feb. II, 1854
In the Senate was real the report Of the committee o.
hnance and claims the debt resources revenue ant
expenditures OF the commonwealth OF Virginia From Il
learn that the debt of the State existing on the 3Otb
September 1885, FOR the interest which provision mus
he made out of the annual income of the State amounts
III the aggregate TO sl9,209,3iS3 81 This docs not in
cude the amount OF guarantee bond Of the Chesapeake
aud Ohio canal, $500, U0O-on which the committee saw
the State viii be compelled to pay the interest for
definite future aud which has thus become part of the
actual debt OF the The Debt of The State
therefore az the period named may be set down at $l9
93iS, 81.
Ga the 8oth September, 1885, the total contingent LA
bities were I'll OG7 G93 90 making the total debt and
| liabilities, $50, ~ ,6I22T
The other resources Of the wealth other than
the right Of taxation, consist in stocks and loans uno
mortgage tie greater part OF which at present holly
unprud uctive, and only available n: ruinous deprecil
ton. The par value of the whole is seIalT4 $3.50 OF
which, S26l9 1893 is held by the prope
and 81 63 by the fund for Internal
The total productive stocks TO S. ESQ II SO
| equ'vai"nt TO six per cent capital Of $Sl2I 300
Among these discover the 81 800 OF the stock
aud Sl9si6ij33 of loan, to the james River aud Ka.
| nawha Canal Company.
The total mp' orc,ipe stocks amount to sI3O6l 3d.
33-oi which sl0,S5O 1si, rs is in unfinished works
S2,2lo, 2S,35 in works completed.
The cash market value Of such Of tho unproluc,iye
stock as have AIRY value, il 81, GT9 27942
The estnaicd increase Of debt Ia the next two wears OF
account OF erHig liabilities is ;7,lI? $50 33-$i 639
| AL ,33 IN 1874; $3.50 $50 in 1855.
Inc estimated receipt into the treasury for the yea
| 24GU2. '''
The estimated disbursement for 1854 il put down al
S2.2OO i6l.3i; for 1855, 81, 1888 $685. SO.
On the 10Th September, 1868, there a balance IA
the credit OF the Sinking Fund OF :l375I53 The re-
cepts on that acconn, ha been 1920 40 the d,burse
rnents, 1912 ,99G,96.