Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-02-20
s242l7 Il

Por Principal OF the Debt the City .... $4,000 90
For interest Debt OF the City ......... ll34i0 II
FOR Gas WORKS JOoZZs ~
For streets including sidewalks. ........ 45Soi u
For Cuyerts ......'..................... 499g 81
For Officer. Of the Ciy................... 2L9il 30
For Night Watch ........................ 1850 80
For Fire Department .................. 1i1s9 "
For Poor Of the City Observation-Disclosures. 969T %
For HANDS, Carts, 4c.... f55 -
For Contingent Funds - . II $40 03
For other permanent obi ecs ............ 1882 %
For other casual objects. 23iO %
$3.50,
The Auditors Of the receipts
disbursement Of the city government the fiscal year
The receipts from all except taxes which be assessed
by the Council for the estimated az s222 $780, and the
disbursements estimated $50 359s This
the Council All appropriations undertakings or for
and which cannot be oresen must be added to the
amount Of the Auditors mate In 1895 the Chamberlain est
mated the disbursements for 1867 at sa2I $780, and although
there floating debt Of $4,000 to be paid curing the year
and the Council commenced the year with resolution recon-
ending the economy, which the Committee Finance,
their report In March, 1884, strictly adhered the
d ursemn for The year amounted 10 eNeeedf the
estimate i3Gi32I In February 1854, the Chamben's es
Of disbursements for tie fiscal year Of ls was $780,
ls So year very large Of debt fell and
provided and there for economy,
"a tS Az a. The dlsburements FOR the au,e prod we sigi
Jos 90 The Auditors Of disbursements for 1890
bor stated S 2g6 l3 Nor do these figures 1--WE the mi
amount Of the excess The debt to be uaI
the year. principal and interest at f0 QJ0 whilst there
yet paid but slsS9Oll-eayng yet be paid tl5
our past experience guide we may be assured
that the mount for Council provide during the
next year about 100000 The estimate Of the
debt Of $3.50 due the lst Of January last yet
debt Of $4,000 next
and debt Of $4,000 borrowed in January, which
paid by July these making together $65O;
includes The pauon OF s6N Tor me Enlargement OF the
Works The committee OF opinion that C5un IL
should authorize sale o. bonds to the amount OF 100000" and
that Of the necessary be raised during
year should be raised by taxation Il will be necessary during
the raise considerable amount for tie enlargement ofthe
PoorHouse building Offices and shop the
the officers Of the city and possibly other buildings
injurious effect upon their sale II larger quantity thrown
market and especially II h that the Council tses
impose necessary promptly engagements
Taxing three hundred thousand dolas he be
raised the Central and Danyie Railroad Companies shall make
dividends during the year. that they have made
during the last there will be derived from these sources the
Of 500 Leaving the sum Of to be raised by assessed
10 me Treasury The sum OF !Ls2 and the Collector estimates
that there received these further sum OF
$4,000 making the whole amount produced by lat years
bin i2j'g - this Of $4,000 is however, takes into
Auditors estimate Of receipts during the .c4 year and is
only referred product the present lax bin
and Ike amount Will probably be uncoecd at the
Upon present tax hin there viii be deficiency Of $4,000
the necessary Disbursements o, the city government
further The ayowri principle upon which the present tax ti
based is that property however employed should equally
taxed This principle we Intended and attempted carry OUT
but 10 fixing Oh, rates Of taxation upon persons succ ed class
instead Of raising from them the Of $i2oODwhh
the amount TO Re raised upon their capital the actually rails
6el have paid 5000 than proportion taxes, accord
Ing 20 on al rdioreH tx upon properly.
The committee ophon that IN this city where value
Of property and specially Of real estate depends upon the amount
prosperity ~ u manufacturing ana
jueous The and prosperity Of Interests most
be limited by The amount Of capital ioYested In aem Without
capital such business can be carried successfully that
therefore, h destructive policy which drives capital from
abundAnty verified and unapry cXempdrd
p,,nec Prom the statement made OUT from bis books by
Assessor Of ciy cbeIirtce resolution OF the Council IL
appears that there given The personal property
money, bonds and debts ia 1856, si3y4ij 10 l-5I s. 3s 3j
-5e 1928 cj. and in is o - g4j; thus showing damn.
uon 20 four years u nearly Horls sigis 1919 reducing
by this not only the lbood OF the business city
but also the subject Of taxation How the the city
uf Do carrie: on under such condition o. things 70 difficult
Assessor statement will find sustlned by the report Of
tie state, which shows that the aggregate value Of
persona property not exempt from taxation, including monies,
pycat bonds a. 30 the ely, decreased year ls5y
t'5A o. Morris ne actual reduction Of Ills property the
sLi Of the loss which has been sustained by he city impo
be TO einate the amount Of capital which has been
amount once mere mas oeeh SEM abroad and when Ia TIE Gdg
Of f.-cn twenty 10 this city employed d.
opinion a.'inaic $4,000 OJ Of vgs!a capt
employed ont q The state have doubt amount
al ,allrg cur ana co.-riereIaI iutr'sty ~
We prefer search Tor other cause f this Withdraw
broad ana no doubt the limited rate iaefet in yi eos
s &c wau4e abroad 10 search Of for this eject,
ample lies patent before rs the tax imposed
upon such perry by the city and e the city tax
such properly was one ami ne per cent in 1851 aud Isl;
cent; and In l-dg iourfnls per cent
and with TIE stat tax amounted to dollar twenty
every hundred dollars thus reducing the four and
three L per cent We have never understood that money lend
inI Gert as to he cent they received and he
el
where he easily and safely obtain eight per
B-eae TIA, IS the true policy Of the city to attract capal,o
city by al legitimate means and that thereby value ofrea
state viii enhanced, and all promoedth
~ oias by taxation shall be raised increased
estate And being Of o.inon, further that smaller upon
uciug ibis property this city, vh such return
Mn greatly promote our intces; we propoe 10 reSc
The these species OF property half per
In condeing his on should be forgotten
large portion TIE debt Of - city pay the principal and in
.ctpdus work. OF internal Improvement subscriptions mde
hy lie votes Of the ownes OF real estate alonan for
greatly enhanced the value Of this property suascr
ons the stock OF the James eyer C,pa-
NV s5.os w. 70 he hchmon and Danye Railroad Company,
95oOO) to the Virginia and tennessee Railroad Company tO
Ob to the Virginia Central Railroad Company 100000
amounting together 70 flEo9o Although these subscriptions
had but small returns 10 the shape Of dividends
elevated Richmond from the popula- Of village to that
city, and given present value TO er real estate Of ten fold tie
Of the subscription is therefore, but that the real
by It's owners Tor their especial benefit and the benefits which
have as yet only been resped by them
additional tax real estate they be ound in the grossly
equal and taxation imposed by the State upon
cI. merchants and traders Who buv a. veil az tboss VIA %
include Manufacturers And thus the capital employ
the purs ts which cassed by greater than
hat employed by such taxed by
The State Auditors report shows that the personal property
moDe bonds Sc not Emp Dyed in business for which license
requr Is - I3l The Assessors ,oTt
property employed in business subject class tax Is A. 49,
90 showing difference Of 81 33Gis5. Dedung this
the amount OF state and city bonds taxed by the state and
taxed by and the remainder the amount capl
business for wlicn
for which cense not required by the State We there
reasonably conclude that there employee In the ~
utmost more - 100000 The city
ued by last geo O0fye
much as capital And the drew from this
estate, in l taxes 70 le amount OF s2'o' anu rom the
100000 t2 100 49, thus compelling the merchants and others
Ga the city owning OuWo TO $4,000 than the
OF real estate city owning go 100000 than
dollars And Is 1t reasonable and just that in
lyey burcned by the taxation Of the state And when We
consider how small reduction which will be upon the
the all species Of
e,ua we must conclude unwe Policy to pursue
system taxation which viii preclude the OF capital the
city Tor 50 pllry coHsi ration The real ohe city
have said is valued at t402oo the visible personal properys
assessed about luOu1 money and credits at 10000 To
raise go upon hep up ofeu taxation upon all property
real estate would pay % ana personal property money and
cdt. would pay 5000 Is this small $jnO0 sufficient
Importance to Of s1uOOi Of real estate induce
pursue policy which has already produced such mscey
effects and which continued nus be st mere injurious
| the business Of the city,
10 concuon we repeat the real property in the
city mus, direct proportion to the and prosperity
You enhance Of real esa But prosperous business
ample capital positive necessity, the place neither
economy labor orsagacy sh all together supply
Let u rot then drive away capital deter coming by
our rather let attract IT, encourage cherish
IT, foster quicken into existence branches Of bust
aud give vitality expansion and prosperity to all
'' Feb s6 his isGj PEAcHY eRArrAN, Chm.
Az oADyAycE IMPOSING
FL it oriaaod Jy he Council Of the Ctyof Richmond
levied and collected for each fiscal upon the
subjects embraced the Ordinance entitled IAN Or
dnance concerning the and duties Of the Assessor CT City
| Taxes" the taxes following, viz:
On real estate smpt taxation dollar every
value thereof and herein shall be included all real
exempt from taxation Of all Incorporated joint stock
companies savings institutions and Insurance companies.
On all the property except slaves 50 cents on every
dollars value thereof all moneys and credits required
by said Ordinance listed exempt from taxation -
every hundred dollars value thereof and herein shall
an the capital invested employed IN trade
business specifically taxed and all the personal
be anu J m roperty that constitute part Of The cant
papt