The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-12-09
Gov. PeIrpOInrs Message----VIrgInIa
Finances.

Gov. PelrpOInt's MeaSRge----VlFElnlR
Finances.
The Richmond papers bring us Gov.
Peirpoinrs annual message. 1t is u
lengthy, but practical paper. The
Governor makes the following exhibit
of the finances of the State of Virginia.
THE PUBLIC DEBT.
The amount of State bonds regis
tered and bearing interest at
* per cent s2l SIS sas IS
Registered i've per cent. bonds l0SOOO %
s2l,gO8, So IS
Fi bonds dsr sen; c,o;;ro; 1850"
binds, p'ahiein Lond. l,S65,OO0 I2T8,OOO 90
Agsregate amount. ..;;,. s5ll966,aa8 IS
Interest outstanding and unpaid
Add guaTantee ;;i bonds, by which i'' .
the state is liable and Will have
Interest thereon to July l. 1867 We %
Making an aggregate up to July
81 U6l SIG -
ASSETS OF THE STATE.
Stocks in the railroa.is sls.eIosIa 81
seven per cent bonds loaned to y,
ADD four Years * rs y
s22,7o9.sl9 s.
OF the above stocks there is expended In
railroads, from which Il is not probable that
the Stale will derive any income-for many
years at least-and which should be deducted
from the estimate OF available nSsctts OF Inc
state, S7,I599I6 81 II is hoped that in time
theTeSiduc OF these stocks and bonds may be
made available 10 the Commonwealth.
BANKS.
The State Ind invested In the several banks
OF the Commonwealth:
In the name of the Commonwealth 50 ogg 90
In the name OF the Board OF Public
In the name OF the Literary Fund SSS
Making an aggregate of............... S3,7IO,O3O
OF these stocks the state holds, in the name
OF the Literary Fund. $4,000 In the Fairmont
Rank, which Is supposed To be good, and SS7I,-
0g in the Northwestern Rank 5000 Of which
belongs To the Literary Fund. The Last named
TANK has gone into liquidation, and 1t cannot
De known until its accounts are settled, what
ment-
We think Virginia will hardly rea-
lie much from bank stock in this
State, until there is "a fair settlement be-
tween the two; nor then if West Vir-
Ginia gets half justice. 1t will be re-
membered that the State of Virginia
formally transferred all these stocks TO
West Virginia, and they will be nc
counted for when the settlement takes
place. We don't see, therefore that they
have any particular place in Richmond
The load Of debt exhibited is a heavy
one. ''rhis States inst share,'' of that
debt we bind ourselves in our Constitu-
tion to pay, but that will not be n very
large sum, for nearly the whole of the
debt was incurred for the benefit Of
works not within this State.
The Governor says s6,OOO,OOO interest
VIII soon be due English bond holders.
whoare pressing for itspayment. Insus-
costing means OF meeting the demand
and paying the State debt, he speaks of
Surprising West Virginia should pay
her full share, according to the tdrdti6n
of 1860" We respectfully submit that
is pretty strong supposition. Nine
tenths OF this debtwas Incurred for the
benefit Of the eastern portion of the
State. If they suppose Mt Richmond
that West Virginia will pay a share OF
that debt correspondingw with the dispro-
portionately large share of taxes she
used to pay to the old State, we predict
somebody will be disappointed. West
Nirginia will settle on no such basis.
Gov. PeirpOint thinks it will require
n taxation of at least sixty cents ON the
500, in addition to every other source
of revenue TO carry the old State along.
Oar rate of taxation, when the Iegisla-
ture orders u re-valuatiOn, may be re-
dueed to one-third that figure. Com
ment is not necessary.
The new Constitution of Virginia
adopts the ballot instead Of the UirG Uooe
system of voting. The Governor in
eN plalhlnS the operation of the new
system recommends a registry ofvoters,
ana makes in addition what seems to