Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1859-12-19
Maklsg the above increase Of
100000 10.
ssas6.0oo.


that our debts are diminishing. and puf
means and sources Of credit are Incl cas-
ing. ,sSF il
II no cause 81 depression in stfade !oc
ours, we may reasonably assure ourselves
Of the fruits Of past expendi lures for the
future. ard calculate that with ssssere and
good management, they viii yteld steady
annual increase. (s5sFz4
AGeREeArE ESTIMATE REcEtPrs AND
sE2$ss II CHARGES. sl q
Balance 10 treasury Common =, III +.
wvalsh proper, on the lstof nh
! Uct0beI, 1853 @ fQ4, DIS 80
Estimated reeeipts for fiscal year .,gls. .
1890 Tlt &tF H. fsa77a,0ss 96
Ut 3.s75. Os2 80
Dts'nents fotSfseal year Is59-6asa.bS0, 2ss IS
Estimated :sa.p pms, ist Ost, 1850 aLsia ii
Estimated receipts Fof 1360-6l 3,Ts5,7 t96
.Totalrseeipts fol ls5o-6i 1900, 6os IS
Estimated charges fur fs6G-6i s.le6. l53 3
Surplus on tst October. 1867 + ss4Is9 So
The above includes estimate for James
River aud Kanawha interest for both
years, and $les0OO for supportof Trans.
Allegheny Lunaticss Asylum for 1861 !;
but does not include estimates for con:
struction Of the asylum, nor increased ex
penditures for defence Of our borders.
But the average annual surplus for the
two current fiscal years is 84f7, 026 Al
This enables the payment OF seven per
cent. interest onstiye millions Of dollars.
and leaves 9 margin, besides ofAS97, 926
Al centsper annufn. x
| annouace to, you, then, ia view of
this statement, that, you may safely up.
propriate .fuS millions of dollars to The
public works and add that amoanpto. the
public debit without ilnpairing Epuhlic
credit / refer you % the accompanying
synopsis. prepared bs,lhe 6rst auditor,
Tins brings US 70 our X \ T., i Et4s$
4 zs PUBLIc WORKS. I'LL,
Wefhave seen,fS6w much we can VEN
ture 10 expend .atonce on our improve
ments. WeIhave1but to- review them as
they now stand I'd see their relative i'm !.
portanee. The great arguni,ent5for then:
ali is. that they are indispensableIto build
up for us 4 centre Of trade ]: aud for the
value and effect Of that / must refer YOU
b my message 70 the last General As.
Bsmbiy. Nv ' VIA }.s n j.
/ Irepeat, 5tliatStbe most important line
Of the STATE Is the James River and IA
nawha Canal. It should NOT BE- leit wheee
Ills any longer. On the llth 81 Febfu-
afy,! 1855. Ireported that this great work
was left without funds, without credit,
bound by Al mortgage, and resting ils''
whole weight on the arms Of tile State. 9,
Since then nothing has been done but 10
appropriate The sums sufficientFto meet
Ihe.sinterest due on its debts Up To the lst
Of July last and them the appropriations
failed, and the. State failed 10 pay It's in4
tetest on guaranteed bonds. This Affect
ed the State credit more iniutiously than
IL did that%ef the canal. Il ask fol- an I'M
mediate appppriationsof this interest,
and fora permanent provision for ii In
futare. For the reasons givent IN nv
message of ! $50, i repeat theiec onlIlne4a i
dation then made. y that The capital stock
1.-THE company shah be1increased % lie
amoGnt Of 10000 shares. of= which
the State shall take $4,000 lin paw
naent Of ier5deht and liabilities due by
the canal. and the remaining go 600 shall.
be sold .9if practicable, 10 priyate indisid.
aals, thus committing the debtand lfabit
ity Of the State into stock Of .theIHcompa
NY This win complete The, canal 10
Coyingtont; and when.lhe Cosington and
Ohio railroad Is completed. the revenue
i iisEsupposfd, will ray The Interest on
the whole Investment.
Besides the CONNECTION Of This work
with the Kanawha. il has another c coma
ton, which embraces one Of the grand.
est Developments Of dur State. The CON con
tinental watershed eastof the Andes Isl
from north ID south. Che ouiyHexcen.
ton remarkably ,sis chief, ID the western
part of Virginia's territory. Tie New
river rises far south ia. North Carolina,
and passing our line, runs northeast oil
Montgomery. and thence west OIL nior.h.
cuts through the whole range Of tRe ALE:
ghany mountains. and sruns norihEto. the
mouth Of the Gaaly;; thence norlhweststo
the kanawha.S Il isSone Of the most re-
lnarkable wafer passages in the world,
and full Of development in every respect.
Opposite lis junction with the kanawha,
the heads Of the Monous ahela
rise and run northward to sPittsburg ~
Tins Virginia alone has waters for hun
dreds Of miles running from south tol
north, contrary 70 the general flow of
waters. There is great poversin this pc |
clliari'y Of formation. and time will show
that3it is ono Of The elementssof our'fature
and grealnessIin wealth. Il in.
sites Virginia, by all means, 10 connect
tbel James. and the New rivers first. ana |
The flames and Monongahela, ifpracIica-
Bile. afterwards. / believe that the con.
nection with NewlriYer Is Practicable, |
md surseys ought % be ordered for it.-I
Loakins 70 this, and secondly 10 iest the
present location Of The James River Canal I
Icross the Aiieghahy ridge. j ordered !
mail Reconnaissance out Of the coniin.
yent fund tho past summer. The Presi.ls