Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-02-16
t2t,2iT II

F0rC Ga NOR
For Water Works. ............ 81 Os6 IS
For Streets Including sidewalks. 42,s9i ~
For officer. OF City ................. 81 9ii 81
For Night Watch -. .................... 27OsO 20
For fire Department ................ l47ss OF
For Poor Of the City ACKNOWLEDGEMENTS. 96gI %
For Schools. 495S IL
For Hands, Carte, 6c.................... ,5.S 81
For Contingent Funds .......... II SIS Oh
For other permanent objects ............. 1892 50
For other casual objects. ............... 1880
- sol, eeo IS
The Auditors statement is estimate Of receipts and
disbursements Of the city government for the fiscal
receipts from all taxes which be assessed
by for the year. estimated s22 9SO2 and the
disbursements estimated at s56Sos This estimate does
include endures for objects not authorized BY
Council All appropriations for new undertakings or for OBJ
OF the Auditors stmate Ia sd the Chamberlain estl
mated disbursements for 1907 at 8i2 g. and although
there floating debt Of $4,000 TO be paid during the year
the Council commenced the with resolution
mendn the scttst economy which the Committee OF Nnanc
their report March, 1885, strictly adhered to- yet the
disbursements the year amounie 70 exceedrg the
Of dbu for the hsca Of sjIs was $780,
1855 In this year very large amount Of debt fell due
yet disbursements sSi5lIls5 In the spring Of
ISIS the Chamberan estimate Of the disbursements 10 1852
$40 jj6 the dsbur for the period $780,
5s 30 The Auditors Of disbursements for 1920
t5O6 the Tor eleven months Of ms PERIOD WERE
Of the The mate states the debt be paii
the year. principal and interest," sZOOOO whilst there
O59,s9.
.ng past experience for guide may be assured
that the for which the Council must provide during the
year about 81 900 The Auditor
includes debt OF st. $50 due the s OF January last
ed for blythe holders debt Of $4,000 due the lst Of July
and also debt $4,000 borrowed In January which
paid by the is July; making together s6ij0
includes the appr paon Of $4,000 for the enlargement Of the
should author the tOOOOD; and
the remainder Of the be raised duTng
should he raised by taxation. will be necessary during
The year raise considerable amount for the enlargement oth
Poorous for building offices and shop for the Water Works
and OF the officers OF the city and possibly other buildings
which be by bonds. may have very
injurious eject their sale larger quantity thrown
me market and especially If 1t seen that the Council hetate
10 impose the taxes meet promptly
TaAng three hundred thousand dollars The IN be
raised the Central and Danye Railroad Companies
dnrin, he as, bsr xi he $3.50 f, ~ y nav uitle
Of t3OO Leaving the u 1906 be raised by sed
Under the bill Of the year. there paid IN
to the Treasury the OF s22 the mates
that there will be received these further sum OF
$4,000 making the whole amount produced by lat years
lii f3Yss Il this Of $40 is however takes into the
Auditors estimate Of receipts during the fiscal year and Is
only referred to here to shos the product Of present bill
fiscal year.
Upon the present tax bill there will be deficiency $4,000
TO meet the necessary disbursements Of the city But
further The aowed principle upon which the present bill
1ed rms PFncpe We Intended and attempted tn out
but In fixing Of taxation subjected cass
AK Instead Of raising from them the OF s2OO-shich
cd IRON them Na little upwards Of 1900 and persons
hea have paid @ more than their proportion taxes accord
ing 10 an Gd rIiOreD, tax upon properly
The committee Of opinion that this city where value
Of property aud especially OF real estate depends upon
prosperity Of its manufacturing and eonn.rc Interests the
principle Of an 81 ddrdiOr upon all species property
VI stse interests must
be Inn ted by The anouat OF capital Invested In them Without
capital such bushes be carried successfully
therefore, destructive policy drives capltal from
are abundany verified and unhappy exempSsd in oar
perrnce from the statement from books by the
OF the city obedience Of the Council IL
appears that there given the Assessor personal properly
money bond. aad deoi. In 1850 1893 as in ISL 81 3 Az
in and In 49, sZ4y,9i6 thu, showing dunn
alton in four Of nearly twothrds - reducing
by this amount not only the bood OF business Of the city
but also the subject Of taxation How the bushes. Of the ely
could be carried on under such condition Of things 1t Is difficult
conceive And we disposed question accuracy Of
Assessor viii and by the report Of
the Auditor OF me state which shows that the
all personal property not exempt from taxation Including monies
solvent oohds 2c ~ e cy was decreased IN the ls5y
s93vy o. Nor te actual reduction OF this property
OF the loss which has been sustained b. the city Il mpo,
ble estimate the amount Of capital which deferred
seeking when we see Tia. 80 aT an
here has been abroad and when In the ug
fnt branches Of business and having the best forming
opinion at the lowest estimate slOOOJOOO virginia capital
employed out Of the state
CA We das thai If was he n So y large nor
AMI enlarge manufacturing and commercial interests
We prefer to search for other withdraw
al capa from the city, the preference Of nye,tment
abroad the limited interest in virginia does
have influence IN producing this It Is worse than
wande abroad In search Of this elect when one
ample for lies patent before u.s. the tax Imposed
such property by the and the the city tax
such property was one ana cent In 1851 lss
and In 1853 oons Der cent
and with the state tax amounted to dollar twenty cents
on every hundred dollars thus reducing the interest
three hhs cet We have that money lend
were nIhe as to The they received and he must
indifferent dsd who wl,nd s waen by eI.e
wheehe can asei'y andsaey obtain eight per cent
his money.
Believing the policy Of the city to attract capaI,o
the city by all legitimate and value
estate viii be enhanced aud all our Interests will be
committee propose that the additional which nece,sa
y raise by taxation shall be raised by increased tax ON
estate And being Of opinion further that smaller upon
money and credits will probably produce revenue by in
daeing return Of this property to this city Wh, return
will greatly promote business interests propose TO reduce
the tax on these species Of property to
large portion Of the debt Of the city pay principal and in
ter Of which the tax necessary contracted for snb
scrpons works Of internal subscriptions made
by OF estate
greatly enhanced the value property These ,ub.e
tons To the stock Of the James silver Kanawh Comma
ny, s5i6sc to Richmond and Danvlle Railroad COMPANY
$4,000 TO the Virginia tennessee Railroad Company fO
OOt and to the virginia Central Railroad Company,
amounting oseth.r to s2z6 so Although
have had but Sun al returns In the shape dividends they
elevated Richmond from the population Of village Of
city and given value her real estate Of ten fold the
amount Of the subscription Is therefore, but that the real
estate Of the city should bear the buhen debt contracted
by It's owners for their especial benefit and the benefits
have as yet only been reaped by them
considerations were required Is induce II, n mn, m
additional tax on real estate they be ouud grossly un
equal and oppressive taxation Imposed by the State upon
ehahs anu olher business me The class tax. under the
law not so extensive under the Ordinance the city We
include merchants and traders who bus well who sell
ana we also include manufacturers And thus the capital employ
Ell the pursuits which cased by mach grate
law The State Aud report that the propery
money bonds & not employed In business FOR which license
property not employed in business subject class Il a.
$40 showing difference Of s64S5 Deducng from this AT
not taxed By aud the remainder amount OF cap EN-
oyd In The business for when class tax paid city but
fore reasonably conclude that there Is employed in III
10 the pursuits for Shch license required by the state AT H.
utmost more than sOOOO The city wa, val
ued by the last $50 OOO-Gye times a.
much as the above capital And the from mi
estate in 1872 taxes to the amount Of $I233 and from he
fiOOCO ss 1903 g. thus compelling the merchants and obe
the city owning $1,000 900 to $4,000 than the
fres estate In the city owning s2J 2gOO or m5re han s
dollars for one And not reasonable and l.t iha IN
alton We should as far possible relieve those who are 40 on
pressvely burdened by the tlyson OF State And h
consider how small the reduction Witch will made upon the
tax on real estate by making The speses Of
equal We must conclude that uBglss NJ n,
system taxation which viii preclude return Of cant
city for so ty eoAsiI rtiion The IN. i,y
have said sYaued at SO 10000; the ihle personal
assessed a. about 100000; money and credits AZ 9O
raise $50 600 upon lac upon an
real IS ate would - GOO and
led Is vOuldpay 500 Is this sum Of 81 OE -, - sui
them pursue policy which has already
effects and which continued must he .li N cr y
tn business Of the city" - '"44''ous W
In conclusion erepea thai valu OF real Il, M
city must be In direct proportion TO the amount and
the busine Of the city. Increase
you enhance the value OF real estate But to
ample capital Is positive necessity the place Of whIc neither
economy or labor or sagaey SKILL ali together Ca nn
Let us not then, drive capital deter Il from corI -
our legislation; but rather let attract
H. foster IT, and thus quicken Into existence n. hr.cb [
nomcal employments. " ~ Jul GU
Feb 9'h' 1860 PEAcHY GRATTAN, Chm.
FOR THE SUPPORT Of ruv cr, o
" '~
BE ordained 6y ne Council II he Cy of Richmond Tba,
there shall be- levied and collected for each 6.cs va - Ia
persons and subjects embraced Ordinance enai a.
dnane concerning the powers and duties the Assessor OF civ
Taxes, the taxes following viz; " ny
On real estate not exempt from taxa,p oro iou.x m $780,
hundred dollars value thereof and herein shall be ali &
estate not exempt from TAXATION OF all ION, s,oc
comp nles, savings Institutions aud nee comnanes
n al he nrraOn AL mr. MY *