Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-12-05
GOVERNORS MESSAGE.
relie,e Cifiseds Of the Senate
s,I offhe House of Defegdfes

Afai
.si.cr snr assembling If the last Legislature; an
am happy o. inform you that sm not awar
that anv of the essential Interests of The Com
,ponwealh have >utf nd. On the contrary
tim, ha. been aA,,rd d the peepie 10 examn
and frrf the heRring and 1T ct ID tie vari"u
laws enacted by s"ur pr'.l. ce--or-. he credl
Of the State has not been endangered by heav,
sd,iitiensl appropriations. aud the large expendi
,uye incident to u session vt the General Assem-
Div has le..u avoided All which tend ~ demon
s,rat- the fareraii. working If "ur organic law
After this lang interval. allow an To tended
YOU nv sa,u,ai'n aud tn congratulate you up
on the general prosperous cnnditifn ii our ee"S'
ed Commonwealth. There has been bat "nt
circ,,rn s,auce IL mar our felicity. aud that am
happy to say j. al la-t passing away. Inc pes
thence which has prevailed t'r rae lart ihf''
rncaihs ia III. city If Norfolk and town "i P"rts-
mouth has ca.t a gi,u over the H4h'l" Sfair.-
we sincerely lament with uur irliuw citizens The
r,vece. and .h..ninii,n which death has wrought
su,,.z ihp,n IL sas awakened the deepest sym
fsstb, Throughout our own s'r,l-r-. aud proved
that the kindly Ties of brofherly affection per
wade eur sister States. who, with our own people,
hn,e contributed largely IN relieve the wants AMI
minister ;t;hr cotbf,rt Of, the aft ctd. w" can
out entertain The hepr that with the feturn 1t be
ci,ir.ns IL their homes, and the restoration ut
their health business and commerce will revive.
aii renewed prosperity may ntteni them -
Viewing Ibis visitation Subject for humllia-
tim. aud a suitable "ppori anity t"r acknowledge
ing our dependence upon n kind Providence,
thought it a proper occasion Tor settling apart
day of thank -eiving. and recommending its oh.
servapce throughout the State. undern sense at
gratitude for the removal ofthis impending at.
Fiction and for thu unnumbered blessings nth
erto bestowed upon u as a people
In the discharge Of the numerous responsible
duties which desolye upon vac, as the chosen
representatives of free and enlightened peo-
rle. i nm sure you will not moment cease 10
remember that the homer, interest and future
welfare nf the Cnmmunwpal h has for a SEASON
been cammitted to your guardian care. and that
ur,nn your action, al this egenitul period ot oar
history, may depend for an indefinite time tho
veal or of our common country.
| regre, that the situation -; the finances ut
the Commonwealth will no, enable me 10 repre-.
sent them rs in prosperous condition. But
while this il undoubtedly true. no apprehension
need he felt that ample provision will not be
promptly made to meet every liability, and Ia
place The treasury hereafter ia position not Ia
be jeoparded by unforeseen contingencies. The
people of this Commonwealth place too high an
estimate upon the necessity Of redeemng her
plighied faith ever to object TO the taxation he
cessary 10 meet her engagements and their rep
resentati,e- will with aaerty provid. the reve-
nue. to meet the emergency.
From the rrpuIts Of the accounting officers,
you will perceive that there has been. during
the last 6-cal year, n considerable deficit in the
treasury. To supply viii, h. it was necessary H.
resort 10 the power vested ia the Executive. OF
raising by temporary loans.,o the credit of the
State. the amount required by the wants 81 the
treasury. This amount was readily furnished by
the Bank Of Virginia. the Faruer- Bank, the
branch of The Exchange Bank ei K chmond. the
Merchants aud Mechanics i3auk at Wheeling,
aud the North western Bunk of Virginia. | he
interrst"n flese lnrns has been paid out of the
civil contingent fund.
The entire receipts Of revenue into the treas.
ury. exclusive # ihr internal Impforem. NJ fund
and the literary fund o. shown hy the exhibits
ut the Auiit n uf Pablic Accounts, amounted t.
Si.7IG955 -. which. with the bal,,ner in thu
treasury Ut the end If the preceding fiscal yc"r,i
$5De9l W, makes n total Of si.797 80 II. The
warrants drawn an the treasury, Tor dishur.e-
mrnts during the same period excluding the
same funds. amounted to 81 - Sti3 ID, show
ing an actual deficit uf S355,Ql5 "3. which,
before stated. was provided for by n temporary
loan of s4Jp,nD The Treasurer. under Tho
provisions of the law. executed his notes to the
Hanks. payable on the 18th inst But the
revenue of The State is not payable until that
time. and a sufficient amount cannot be received
by that day it will be necessary then that these
understood the banks will not hesitate to ex-
end.
In addition to this deficit. exhibited by IA com
pafison between the receipts and disbursements,
1t isproper to state that sundry appropriations
made by las. anu which were to have been paid
within the last Fl cal year, have been deferred in
consequence of want of funds. These amount,
in the IA gregste to alb 'ut $3.50 001, aud Will re-
qlire an additional amount To be provided to pay
them during the present year.
During the months of December and January.
a large portion of the CONFERENCE.-The revenue
Is payanl,. and will b. received amounting. it
is estimated, to 81 l3D.u0O. The interest
due on the public debt, aud payable ON the
first of January, is 1927 ,O0o. While. therefore,
the amount ia the two months will be largely
more than sufficient for the payment of the in-
terest. aud for the ordinary expenses of the gov
eminent. vel, as it il necessary to meet the in
terest punctually, the Treasurer has been au-
thorzed to negotiate u further temporary loan
for whatever amount may be requisite.
1t may be asked, what circumstances have pro
duced this extraordinary deficiency in the reve-
nue. The estimates of reetipts and disur.e-
ments for the last two years made bv tho
Legislature of 1853, and of Course upon the cir
cumstances then existing, and upon contingen
cies which had existed before. and which had mol
previously proved falaciuus, and were therefor,
fully relied on. bnt which under the condition Of
the country. and its monetary affairs since, hav,
entirely failed. tits known to the General As
sembly, that the surplus revenue of tho fund fo
internal improve nent, derived from the profit
upon its productive stocks, aud all premiums
upon the sale of State securities are required {,
be paid into the treasury. As the Board of Pub
lie Works were authorized to subscribe larg,
amount to works o internal Improvement. and Il
negotiate the sale of State bonds to meet thes,
subscriptions, AMI these bonds were then at
premium Of FIVE or ak per cent, a considerable
sum was estimated to be received from thi,