The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1878-06-15

dept or ISSUE Q polu was passed. III n'uc
year 1861, md tho executive records
show that the first bond issued by the
Commonwealth Of Virginia vas III the
year 1922.
From this latter period We dn'c the
commencement of our liability under
the Fundamental stippla.!ons prescribed
By Virginia for our separation. which
were accepted by The people Of this
State. approved by Congress. and the
President Of the United States. as the
head Of the c%cculiYc department, aud
subsequently affirmed by Ile Supreme
Court Of tho United States mud may
this day DO accepted by the public rs
firmly engraftcd into obligations and
rights ss if tho sumo were constitutional
provisions ppinating from the supreme
power.
The concurrent aprOyals .biading
alike upon the people Of virginiu and
West Virginia lead US to the following
conclusions, which are the result OF
mathematical demonstration, founded
upon public aud Official records, appro'
pirate to determine how muth of the
bonded deb, Of Virgiuiu, existing prior
TO January, 1861, was expended Eithin
the limits Of this State, mud how much
vas contributed by tue counties forming
the same.
The report Of the Debt Commissioners
hc,ciubcfosc referred to shows that oil
Stats expenditures within this State
prior to January, 1861, amounted to
S3.366 800 20. and although il IS ap.
parent that bonds fot quite large
amount were never issued, ncverthe-
less the expenditures would seem to
import an obligation on our people to
return every dollar which has been so
contributed to The development Of the
territory ofour State.
The committee have not entered into
the tedious process Of calculating the
( interest, for tho obvious reason tina,
: ther, would b. as much interest on our
contributions to rs upon tho receipts
. from Virginia.
The committee have therefore assum.
ed tho foregoing sum Of S3,S66, 92s. 90
as importing debt upon West Viz.
GINA to DO gathered aud itcmizcd from
the report of the Debt Commissioner
, aforesaid. .s.
, From the amount Of the foregoing
, expenditures must bs deducted tho
moneys paid into the treasury of the
, Commonwealth of Virginia from the
counties included in this State during
5 tho same period. For tho sake of oon'
, velicnce tho committee have charged
, to Virginia, not the whole cUntribu.
/ ton, But tho surplus after dcductius
$ a just proportion Of the ordinary cx'
pousas Of the state government. Our
, total contributions from taxes 10 the
, State Of Virginia in tho year 1922
3 amounted TO 1858, 900 and in that year
the total Of the expenses Of the State
c government chargeablc to us was
! SAT 900, leaving ~ excess Of SIG. 900
which would 60 the liquidation of the
r debt created for expenditures within
our midst.
0 This small surplus in 1892. BY the
process Of M increased rate Of taxation
and the Increased value Of tho subjects
A 10 be taxed, the rate rising from eight
cents to forty cents on every one hun.
bred dollars in value, made the excess
Of our contributions to tho treasury Of
Virginia in the year 1860 amount to
S5l2 900. rejecting fractions.
Thus our contributions 10 the trcasu.
ry Of Virginia arising from taxes cOllec.
ted in that year amounted to S647, 079
9G. In tho same year our proportions
of the ordinary expenses Of government
: amounted to $l35.0O0. which left the
surplus aforesaid Of S5l5,o79 06. II
will DO observed that the committee
have referred only to the surplus in
1922 and 10 1865. The surplus for
the intermediate periods swell the ag.
grcgatc of our contribution to $780,.
900, which is in excess Of expenditures
within our limits By $685., 900.
1t will thus DO seen that our State ia
not indebted, and the committee ad.
vance this statement, not only as con =.
Inihinp thu truc hnsia of settlntnc nj