The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-01-08
fpnrthe DiSpatch.]
Tho state Finances.
,,,>r OF r1E REVENUE.

,x,CEMEST OF THk kENhNIh
TIN A",,c A~ arrangement is made, some
lnI's> IN ,"Ir 90; more than four per cent.
C:c'""' ,I}iuc their coupons 10 taN-
.u,cF'>' T,r, have 4 right to do tins, ana IL
;.EG>' nrIycn,cd unless we make II 10
c3n'i?L ,, !" =. 70 DO otherwise. II we can IN
i"f' ."'.ii 49," i,rrr body of creditors 10 BRING IN
ci'sy -, r.,.c;ysbc coupons. and take iour
;"'" '.' j., money and Il certincate tor tue
y, !,,, C"" w~ can easily pay every creditor iour
..'''.',, rnw. and >iX per cent. next year.
T. ,,"' must ct!c. him inducements TO 90 so.
n"' ~, ..,,r Tnauirc him 10 send his coupon
r;.En,,rd, and pay express charges ana
- 49,. commissions; and rather than 90
-, h., srll> it outright in the market.
SAGE il goes into the handS OF .t'e 'aA
,.- N,,, who passes il to the State at 99t GENTS
10, dollar. \ very large portion OF tnesc
.'..,or, g. can be readily retired.
-, The state provide an agency III Lon
-. Ncw York. aad Baltimore, where any
G,,..',ba,acr can present his coupons, get ms
.,'- .or cent. in money and his certlhcate
,.-, ,,', residue. and ninety per cent. OF the
-'...-rc,i;a:.l; coupons vii! be taken III by
.,.F.c ugcYcicS.
:, ,%i. woy would keep the large body
.t,,>, commons irom coming III as taxes,
,rrchy the safe would only pay G6 cents
..' .hn ,lolIar Tor them. II they are allowed
;. -" ~ the market. to De paid in for taxes,
.,ty cost Re state a59 cents on the dollar.
n gidi,ion 70 this method of getting rid
81. tr,,.e ,ax.-cceivable coupons. financial
f1qri # Tie Treasurer and First and Sc
~ ,rilto->, ought 10 he authorized to use
~. b,,unc4 in the Treasury for the benent
"S'.%o r.yrnll.. At certain seasons they
,.',,,j huv COUPONS at 4 low price. Last
,,''.I,,, there was over half Il million lying
liz IN The Treasury. which is there still.
II.d .pch board been in existence 1t could
',,y,. l~uglt 100000 Of coupons at from ~
:, - cents, and thus prevented their coming
=. - taxes. which they have since done,
,g,,,nr 4 difference Of nearly SlO0,000 TO the
Treasury.
som. coupons will always be paid in
axe: hli' ihc higher they are, the smaller
,yi!l Lr th" nduccment 10 pay taxes in them.
The loScr and cheaper they are, the more
win Ipc Used for that purpose.
The hostile legislation Of the last LegiSia'
,,,rr prevented III" free circulation Of them
and therefore they have only been used to
:.y taxes in the cities, aud by the banks,
:.,!ruads. and large taxpayers. The demand
,c%g limited, the price was low, and the
,,,ut Is that the cities and great corpora.
:!o:., have paid their taxes in coupons which
,,,, tr>> than eighty cents on the dollar,
will. the county and small taxpayers have
been Obliged 10 pay in currency.
Til, i, unjust. Every taxpayer ought TO
..ayy equal advantages 10 buy coupons cheap,
and tui, reduce his taxes; and the free Cir.
,Ul..ion 0. coupons ought to lie encouraged
Instead ri tac contrary. This would not in
..ra,r iAy q;A;tIly that would be paid in
iyr lie >;a:c #grnc,ts in Lcndon, New York
Baltimore. and lhc treasurer nc Richmond
Touli t,iac in tie large bulk OF them; but
- rll,c. would bc that the few on the mar.
.rt Ipr >.lc could then be used by the coun
- with the equal advantage that the cities
..t% 10,