Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-03-27

I W onlis lNCs 10 W ~ a kai 'S' - bPfos w
ne poor, education Ut iniix-nt children, aud such
eh-r necessary current EXPENSES, II is very "bvinn.
mat such incrin- H. has U-en at our dI'pos.l fr the
Improvement Uf thu city has been Very small, com
pared with The many JM-c' which press u Jrn rs,
and call Tor The application vi IN 'ury. We have de
sired 10 q" with tfat inc ms H. mlcl rs We cun!L ~.
wards city Improve n-nf-, 1ni ~ avuIu any further
increase of the p=rm iner; d-bt
In accordance with a ressiurion passed AZ the fret
meeting OF the present Council. recommending
strict economy" it will be perceived II has beeu
strictly adhered to, tor II will be ,een by References IL
th- statement uf The Chamberlain, thar less money
has bren di.bursed for improvement. during IN ii seal
year eLdr'g the 2S,h 4 oruary. 1857 than has been
any ysAr FOR several years past.
TIL present. h.cal year commenced with d bank
al. footing dest Of $50 $40 6j. II Of, sed ~i;hou'
any bank ar & 'ntlng neot The funded has seen re
duced $500 90. leaving n bnlarce in The hands ri
the Guam otriAln, 10 Inc credit OF The city, o
s5s.474 ~ Win strict economy fr the next twelve
IuuE. lis TIE funded debt Ut The ci;y may Ue rrGuceC
from nne hundred and tiny 10 tan hundred thuu.anc
do lars, provided il're hundred IN 'usand CUhari
nett revenu. is raised from nssesscd taxes, VIII c
Is about forty thUusaGd dollars les thhn ha
BEEN raised the pat year. The deti IT then remain
inc 20 pay nG III. funded debied falling due in JAY
and November at 1857, and January, ISIS, niue: b,
provided Tor by thu -ai- OF =:cn ci;y L.opcf;y "a na:
b.en ordered 70 be sold by The Council. AID a h= ,
issue y! city bonds IoT the ~rrsitue.
! In comp!laUc. with d resolution Of the Committee
If Finance presented 10 the Council nnL adopted OF
The 10 h of May, 1856, the said committee y ere au
thoriz-d 10 rel. certain city properly therein apeci
fed, the pro .eeds Of such sale Ia be applied ~ tn,
payment III The funced u-Dt OF IN. city falling cue II
| Jaly and Sovsrr5sr, 1857, and January, ISIS, ur e
Is. ss i: would 90 towards that object. Owing 10 The
depressed state y: the real estate lGi i.', the COMM;
tee have oaly made sale Of q sma.i portion q! s.ic
properly, waich their report To- The C,uacil will show
there have been msny obstacles 10 encounter IN ne
pas, two Wears IN raists rn"n-y ~ meet rlt. Ge;n1nd'
uf he city, which have not l-rei"tpre e1 strd In,
city stock (as we'll rs hll other stocks, both State ant
corpora,iun-l has been 30 much below par iha; M
sales could he tNrc ed without u: a rate "t ruIn"u'
sacrifice. No temporary loans could De ELECTED, ex
cepl I" a very limited amount. We have ben com
p-iied, therefore 10 resort TO taxation aioue 10 ra 20
inoueyt TO pay the iaieiei e.; Oh ia. funGeu'debi. aud I,
Gay of such pu7,icu .. that deb Is becam- due, Il
sustain The credit o! TIE city, which has borne very
heavily upon the citizens, ana retarded III q yer,
great degree Dusiness in every department, OF ildu-
trial pursuits, more particularly IN tie InechaTics
departments. Tns committee will not r-c0lnmers
any roie Of taxstion I'll The Present year ia THIS re
port. a. they nud it will be Impossible for The pr-sen
Council 20 pa-e upon the tax oiNi. The Assessor no
having advanced lar enough with The cssessnrnt O
properly 10 report 10 the committee satisfactory in
formation 10 rspcrta tax bill; and i: del no: becom,
III. committee 10 make suggestion d. 10 the pclcy o
the committee and CuuUcl. sooa 10 take their place 9
There being no bonds falling due after the lat O
January, ISIS. till lst January, 1861, tue taxes rna,
he reduced with economy to about one-hslf v ha
they are al present, unless some large appropriate:
rhoGid be cal!sd for not now contemplated, aud a
the amounts OF the funded debt .nil;ug due liz en-,
one year from that period up 10 1870 are 80 small Ia
shown BY q s:atement accompanying this report
may be retained at that reduction with economy
For the period Of eleven years the cum 0
f225,iiO 81 falls due, which amount can be fair,
calculated on, to be met by income from new build
iugs erected in the city, increase of population. in
cresse OF income from Gss and Water Works, ATT
10 all probability e dividend from come OF the stock
held by the city in internal Improvement companies
The congratulate themselves and tn
Couccil that they can present so favorable q state
ment of the fnarcial condition Of the city, for Will
there has been much rumor aaoat about her depre':
ed hnsnoisl condition, We can assure the Council