The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-12-08

try vii rsbcund into prosperusss condition; our
credit will have passed through the trial unsesth.
ed; our bonds, II relieved - recommsnded, must
fta TO par; the banks generally will be: soundcr
than ever; there will be more spectB NJ the coun-
try; transactions will be more solid: public secu-
rites Of intrinsic and tried value VIII be sought
for investment; and the credit OF TINS consfnon-
wealth will afford the sale Of state bonds e The ne
gotiation sf loans. / therefors recommend appro-
priations amounting In the whole TO two milIions
| Ave Hundred thousand dollars, 70 be apportioned
| AMONG eur unfinished works according to their
relative Importance.
To the Cnvingtou aud Ohio road say 900
To the road between ChsIlott sville and
To The SosfoiK and Psisrsburs sSo
To the York river rail 100000
| To the clearing Of James and Appomsttox
To Other works as II may be istribuisd so0O
s, 10000
The Winchester and Potomac rail road company
desire charter simply to extend their road south
| from Winchester up the Valley, 80 ~ to connect
| with strasburg other point, TO give them q
/ through line with other works. They ask for no
subscription or appropriation, will build the ex-
| tension with their own means, aud want only q
| charter. This it 10 but just and right to grant
them. hold it to be the duty Of the legislature to
| grant incorporation to any proprietors who will
construct public improvements at their own ex-
pense The principle OF competition Ii rather to
be adopted and cherished than to be repealed by
sound policy. Every portion Of the people ought to
be allowed TO improve their own section with their
own means, compete with whom 1t may, carry
trade wherever 1t may 1t is too late In the day to
attempt to cramp development in any direction it
may take. Let all have their natural advantages.
When these works are completed. we may count
certainly on European connection by steam, and
on active foreign commerce, and ultimately on
| q large commercial centre Of trade. At present
| we would but anticipate the effect of public
| works upon internal trade, by applying our means
| to steam navigation with either Europe or South
| Ana nd aft
| completed and have piled up vast pabulum of
| commerce on the quays of the Chesapeake, time
will have to elapse before we have the commercial
| connections formed, and the commercial men
| trained for full foreign trade. We should now
1 concentrate all our means upon the development
of our internal and back country resources. Let
| US take works OF primary Importance first, COM
| pete them, so that they can realize profit, and
then can, in regular and rapid Succession finish
the whole net work of dependent lines, and links
and cities, and shipping, and merchants, with for
eign connections and foreign trade, must follow as
| the necessary and natural results.
And this brings me to look to the finances and
the ways and means of the commonwealth, as ex-
hibited by
Receipts and Expenditure.
The late auditor of public accounts In 9 synop-
sis Of the funds of the commonwealth tor the year
| ending the 30th September, 1855, stated the re-
cepts aud disbursements for that year; and esti-
mated that there would be balanoR for the fiscal
year ending the 30th September, fS5T, accounting
to the of $751;, 4T2, to be applied to the paw.
neDt Of the temporary loan obtuined from the
hanks the PONDS of the treasurer, amog nting to
ISL 500. and to the redemption of such treasury
notes az might be called for during the FISCAL year
The following synopsis from the flee of the first
auditor will show the actual receipts aid dsburse-
ments classified similar. to those by the late SUI
ditor, as compared with his estimates:
Receipts into the Treasury from the Ist October 1855
to tie 3oth Sept lS5o; as classified ~ the !se AUDI,
tor Of Public Accounts, in has Letter to the Erecir,
Of the 18th N0reiAber, 1856
From subect of taxation and other or
dinary sources o! revenue, I54s677 n
From dividends ON commonwsalths
:, bank stock, 2ol,e72 rs
Internal improyementfund. 10000 90
From sales OF twelve months treasury
From temporary loans obtained from '''''''0O :"
banks. unpaid, 61.sOO 90
:. year, which have been paid, 2I6,ooo 90
From Literary fund, loan under act of
= 18th ; March ?, lSse, 5oss2 5,
lie square, 2,s43 80
s3,2sso56 "a
Receipts from October J. 1876 to September 30, 1851,
inciusiue. similarly classified:
From subjects of taxatio and ether
ordinary sources of revenue and re-
cept, including captation tax, 2sSl s5s "a
From dividends ON cOnfmonweath's
bank stock, 2l45Is 90
From surplus revenue or earnings of the '' W
;, Internal Improvement fund, 10000 90
From sales of twelve raonths treasury
From the sae of 1852 shares of stock of '''s' "
the Northwestern Gank of Virginia 1881 ~
From unclaimed dividends, 462D II
From voluntary ensiavements, AIS 90
heIundlns "arIanls enormously issued, 4,pl5 10
s,lI9,74s 43
Disbursements frosn The Treasury from the LIST Octo-
Der, 1855 to the 30h SEPTEMBER 1856 as class fed b
tie late 4leciit0r an the Letter referred to:
Turned over to tIae commissioners of the
Sinking tund, to pay interest on ordi-
r, nary public debt. l.474,4sO A
To pay interest on guaranteed bonds of
the James river and kanawha COM
many, ISL 35o IN
Interest on old per cent. debt, arrear. '''-' ~
Interest on debt due the Literary fund, a.g39 As
Interest on guaranRed bonds Of the
Chesapeake and ONO canal company, 63,ls4 90
the contingent fund, before the pas
sage of the act OF 18th March, 1855 1927 90
Interest on temporary loans, paid out of
special appropriation OF 18th March,
ls5e. l4,44s IS
&c, s75 "A
Interest on public debt temporary loan.
expenses thereof &c, l,77s,s92 So
Expenses OF the late session of the ge-
neral assembly, l47,sos 81
from the banks. during the years 1855
and 1856, on account OF those obtain
ed during the year ls54.'55. $4,000 90
Ordinary expenses of government, in
GLIDING the increase in the regular
and the extra proportions TO the two
lunstic esy lums, the deaf and dumb
and the blind and to repair that part
OF the penitentiary injured by fire, &C. *7l509S q
Total. ss,2s7 ,Iol co
*This includes SIS. 36.ls for capita ion tax
Disbursements at the Treasury from the LIST October
1856, e the 3Ofh SEPTEMBER, 1851, inclusive similarly
classified:
Commissioners of the Sinking fund, 2,o54.264 ~
Expense of the Sinking fund, 697 So
Interest on bonds of the James river
and kanawha company, guaranteed
by the commonwealth, 81 800 90
Interest on debt due to the Literary
Interest fRns; on treasury notes. 5.1 sss g 8:
Interest On public debt. in part pay
ment OF the principal thereof, and ex-
penss of Sinking fund; 7,i9l,73s 70
from banks. $500 90
cjpal, l.c23,45o 90
including H,2I75o for re-assessment
| of lands. and sllo,aSo for captation
tax, sis,ss7 "a
si,ns,57s IS
Balance in the treasury LIST Oct, 1856, 1896 10
Receipts fiscal year 1851, 4lio7IS 43
8,iJo7oi So
| Warrants issued fiscal year,
| Warrants issued prior to lst
! October 1886. and paid in
fiscal year lS56-57, 1888
4,ils,5q7 81
| Warrant issued prior to LIST
| october, ls57-unpsid on
that day, 7N
- 4,ila,S7s 81
| s37.l2i 81
| Estimates. for the Fear 1861
From taxation, per reports filed, 2,sls,Ooo 90
The actual receipts from taxation and 9TH
| er of nj 9TH tha, thnxa