The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-09-20
We concur in the above statement.
, The state Debt.
Y, Z HANOVER COUNTY, VA,
~ sentember 18, 1873. I.

49, l-iss September lo' 1oi3.
TO Inc Editor of The Alexandria Gazette
>, Dear Sir.-Finding such discrepancy in.
the estimates OF the public debt IS made
BY various writers and speakers. ana dc.
string to be relieved of all uncertainty ana
doubt on the subject, [ addressed the SUD,
Joined interrosations TO our accomplished
Auditor. Colonel William F.TTaylor, Win
a request that heWould ansWerthem. iheS
were not designed for pubileaLion' .hut LUG
reply Is so succinct and lucid, ana presents
The whole question ain such a 7siHRle anu
comprehensive sorm, shati cannot Wltnhoiu
itirom the plibliei Therefore suotni5 Inc
paper to you for publication IN Inc aaseNe.
Very truly yours, 81; u. d. ANDERSON.
F, r: RrcHgoND, VA; September 10, 1872.
DR.. LIB. anderson: Ii'f' 80 2 ..T-''.
/ NV Dear SfrfAI Send, with this, the state
ment you request. Hastily, ana very truly
yours, 80 WILIfAM F..TAYLtoF,; Auditor Auditor
b 1. What way the amount of'the bonded
debt Of Virginia at. the time OF the adoption
OF the funding. bill? Answer: $40, u.s.
112 %. .s- 80 80" '.'
9. what amount was apportioned to Vir-
uiufa? Answer; S30,4f8, 741.49. Reduced
fund to: s29, 294, 65s.O6. . 81. ~ ~.
. 3. What amountwas apDortioned to West
Virginia.? Answer; S15, ,37O.74. Total,
S45, 71S, 1923. - ..H. ..- - ''
"A. How much was funded in coupon,
bonds? Answer: In coupon bonds, tax
receivable, $40, ,515. so. "
S. How much was funded in peeler
bonds? Answer: s3,422,679 So. Remain
ing unIu1ded, treated as funded. amount
ingto s5,647,462.57. Total, S29, 294 65S.O 6.
g. How much OF the aggregate was inter-
est? Answer: SS,637. 243.93.
+ 7, What was The amount OF interest dine
on peeiers and other bonds when the Nc
Culloch bill was adopted! Answer: ST.
953, 1872. 46.
S..What will be the amount OF interest
remitted under that bill Answer: Sl,9I6,-
691.23.
. 8. What will be the amount OF the whole
debt readiusted under the McCulioch bill!
Answer: S31, 271 1920.
+ 10. What was the amount of interest PAID
in coupons annually? Answer: For the
year 1878 the amount was S1,215,6IS.
|; II. What will he the annual interest on
the whole OF this debt at three per cent!
Answer: 1898, 140.47.
u. How much less will this be than the
annual amount paid in coupons under the
funding bill? Answer: S2I7,537.53.
/. 10. How much less than the whole inter-
est on the bonded debt, as accruing from
both classes of bonds? Answer: SS0l,-
355.26.
IA. What is the amount ordinarily eX-
pended for the State government, including
all expenses save to public schools and IN
terest on bonded debt? Answer: The to-
tai ordinary disbursements. expenses OF
government estimated for the fiscal year
1s7s-'79, Is S77S,6SS37, but for the year
1s70-'S0, under The retrenchment laws, IS
estimated to be SG90,5SS. ...
IS. What is the ordinary amount appor-
toned to public schools? Answer: $497,-
1885. a.
16. When all ordinary expenses are paid,
the appor,ionment to public schools ascer-
tanned. and the 8 per cent. interest on the
public debt provided for, what, II any, sur
plus will remain in the Treasury should the
income from taxes be this year from Octo-
Der /, 1879, to September 80, 1880, what 1t
was last year, 1S77-'7S?. Answer: The Or
dinaly income, balance constituting re-
ceipts from all sources, exclusive OF tempo
rary loans, for the year 1S77-'7S, was, 81
SOL. 672.2 %; the estimated ordinary en-
peuses of government for 1S79-'SO, $780,
$50; the apportionment to the public
schools, estimated, S497,7S2.S5; the per
CENT interest on the public debt provided
for, S93S. 14047: deducted from the in
come. S2.l26, 511.32, leaVes surplus OF
s515, 1903. .."". ~ .n