The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-11-19
A SIander Refuted.
The Treasury of the State
shown to be not Only Sol
vent, but In a Healthy and
Prosperous Condition.
Speech OF Judge Camden in the Sen
ate, November ~, 1s73.

Mr.. Camden arose to privileged
question and said that until now he
had not deemed it necessary to notice
on the floor of the Senate misrepresen-
tatous OF his remarks made here and
published in the newspapers, but he
held in lis hand the Wheeling INTEL
LlGENCER. published in the city OF
Wheeling, on the Sth instant, con-
tanning a dispatch psrporting to
have been written at this place, and an
editorial on the subject alluded to in
the dispatch, 80 grossly misrepresenting
the remarks that he had made on the
floor OF the Senate last week in regard
to the finances OF the State, that he
deemed it his dnty TO correct the mis-
statement least it might have the effect
to mislead and produce an excitement,
not only within the State, but else.
where, on a subject at all times inter-
esting, but peculiarly so at this time.
He asked that the clerk might read the
head lines and dispatch and editorial,
which was accordingly done.
Here followed the special dispatch
and editorial comments published in
the MtelHgsnesr Of November Sth, in
relation to the alleged bankruptcy Of
the Treasury
Mr.. Camden resumed and ssid
Senators will recollect, that what oc-
CURED on the occasion referred to is
misrepresented, both in the dispatch
and the editorial. He never begged"
the Senator from Lewis to "retract"
what he said, "as it would be used
against the Democratic party" or used
any remarks OF similar import The
Senator from Lewis had said that the
funds appropriated for the current ex-
penses OF the government were exhaust.
ed, and that the treasury was bank
rupt. In reply, he (Mr. Camden said
that the treasury was not bankrupt;
that the finances OF the State are as
healthy and satisfactory as usual at
this time of the year, and perhaps more
SO; that the State was amply able, and
could command, at any time, funds to
meet any demand that might be made
against it, and requested the Senator
from Lewis to modify his remarks, lest
they might tend to mislead and pro
duce an unnecessary excitement at this
extreme crisis in the monetary affairs
The Senator from Lewis responded. that
be adhered to what he had said, that
the treasury was bankrupt" but be did
not mean to say that the State was; tCr
he knew that it was amply able TO ois-
charge all ita obligations.
Mr.. C. continued his remarks by stat
ing that since he had heard ofthe state
ment IN the newspaper, he had taken
pains to ascertain the real condition OF
the Treasury, and here, in his place in
the Senate, he felt fully justified 10
stating that the present condition aRd
future prospects, OF the treasury OF the
State are ss satisfactory, and perhaps
more go, than they have been since the
formation OF the State. Both the Trea..
urer and Auditor agree With him in that
respect. They assured him that there
WAS in the treasury upwards OF $780,
900, OF which enough might be Used for
current expenses, without impsring in
the slightest degree any OF the obli-
estions OF the State. This is the
period Of the year that the funds
q appropriated for current expenses
run low. The taxes OF the preceding
year paid into the Treasury, being gen.
orally much exhausted by payment OF
and current expenses,
and but little OF the taxes OF the pres
.nt year paid into the Treasury, and the
practice has been to use funds appro-
priated, but not needed, for other pur-
pases, and to replace them by the in>
coming taxes. The small amount bor-
rowed (sbout $4,000 will be replaced
in few days by the payment Of taxes
of the present year luto the Treasury,
and long before it will be due. The
public may be satisfied that there will
be no necessity 10 raise the taxes; that
all the obligations Of the State will be
met by continuing the present rate OF
taxation, and appropriations may be
,aely mado for other needful pur-
poses; and that the Democratic party
since it came into power haa carried on
the government in the general with
economy and regard TO the best inte-
rests OF the State. In order to correct
abuses, and TO guarantee to the citzens
of the State all their rights and priviIe.