Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-12-04
And the surplus Of revenue would


Surprising the whole debt funded, including col
lcgcs and literary fund and one half Of arrears of
interest, the statement would be follows, as Sta
ted by Second Auditor:
Debt, including arrears of interest thereon funded
under the present act, making Of principal, SCI,
III ,OS3G4 arrears Of interest due 10 the Miller
Manual Labor School, Of Albcmare, now payable
under act Of Assembly, S105, 10; which, funded
at 50 per cent makes principal Sj2,555 literary
fund principal, Sl,42S,245 - arrears of interest
due thereon, S347, i23 Of which funded at so per
cent, makes principal Sl73,Sll.l5; making entire
principal Of the debt, including bonds held by col
cgcs, Miller Manual Labor School, and literary
fnad and arrears of interest at 80 per cent, So,
SSl ,G953f OIL which the annual interest ut :, pei
cent. is SGSG,15QS ST.
Net revenue applicable to the pay
mGnt oil intercst.................. 81 $500 81
Deduct the total annual Interest
last above statCd...... ........... 9SG,i5O s,
And the surplus Of revenue would bc $:si9,ljCi 6
The amount Of old unfundcd State bonds held 10y
the Dawson fund, donation by Martin Dawson.
Tor the benefit Of Albemarle and Nelson counties, is
Sol, 1851; on which the annual interest now paid
under the act Of Assembly is 4 per cent, and paid
by the Auditor OF Public Accounts, S.2,05l.2j; il
funded unded the act OF March -, 1879, ono third,
l,295S1 Of the above principal would he deducted
Tor west Virgnia's portion, leaving as princp pal OF
State debt, S2222,S9l. II; on which annual interest
ut :. per cent. is S6SG,7j.
Deducted from the
Interest paid al {,
per cent. would
leave saving TO
the State of....s.S 80 IL
Which added TO the
surplus last stated
aboyc"..""...".. 3E,5jG 80
Would make the TO-
tai surplus. ,----- SGi001l il
Thcs, balauoes can DO greatly added to hy the
proper enforcement OF tic rcvcnuD laws with
out any inNGlSe Of tho rate Of tax ation. There
arc very large accounts OF personal property os
Is we'll known, not reached, and If reached not
properly assessed. This ought to be dono rig
idly, 80 TINT tho burdens shall DO equally borne
by ovcry class OF taX payers. There aro other
subjects to wbich invited tho motto, of che
General Assembly in previous MESSAGES, and
which, il utilized, would yield considerable
revenue. AID beg lcnyr mnra especially IL
call your attention TO tho "hIofFatt Liquor inv,
and most RI RESPECTFULLY to urge tho adoption ol
measures to sccnro is proper cElorcomGnI aud
# this is mot possible, then its repeal, Sni the
adoption Of some Othnr system thH Gao be ct
f,OtlvGly carried out. | have lnGn at samc PAIN
to gather information about thi3 law, and :hc
unlgnisul scuI lment Is that ii prOm rIY enforced
It will yield moro than double, pcrhapatr.
biz, thc.amnuot il yields now; indeed that j!
will mara Than pay thG whole interest on
tho Stale debt untor tic present settlement.
Among those tn whom applied for iniornls
ton was llor. George il. Christian, tho able
ard dlllgent jnd2O OF tho llnStinrs Gduri oi
tho city CT Richmond, who, by reason of his
Ocal postlop, il b tier able TO form au accurate
nrluloD than any Gnu in tho Stats. la :. rapcc
now before nc, in which ho dis,u9acs fully the
whole sui jCo: no say,: 81 ON perfectly satisfied
from my 'XporNrcu that there IL :. 'nfino Of
wealth IN tho system il Ii car b. enforced, and
verify believe II fully carried on! ~ tho Gam.
monWoalth lt could be ,ahdo 10 pay million OF
dollars anoual!y without is hoing lett by sics1
paying IT, Tho Investigations baicrg mo SHOW
Cd that tho net profits On al! drinks aold were vt
leat one hnntrcl per cent, and frequently too
and sorr ctmca as much rs three huAtlrcl per
cent; those On alcoholic drinks varying from
Frc 10 ten cents. and those on mslt fiom t,oo
ant hdJ to three cents IN every drink Sold
SO that you will sec that tho subject will readily
bear q considerable burden"
am quito cartDln your homo rahIo bodies iii
as your predecessors, DO everything 10 your Do,5
or to cuonumizo tho resources O: tho State,
Wills! ct tho SimC tlnc you mako them ciico'
tive Ter the three great objects to which, !,g The
constitution and laws they arc deelcatcti--t!,c
support OF tho government. the carrying ca G!
the public tree schools erd the payment al the
debt. Whatever msy be thr views cf somo,
feel that should the present funding bill By any
means be stopped il its execution il would be
great misfortune. |, has been REGARDED by tho
world 81 fair Hnd honorable settlement D.-
tween the Commonwealth aud TOR creditors,
and though tho funding under it has progressed
With remarkable rapidlty considering the i'm
pedlments that have boon thrown 10 its gay.
We have every reason to believe that had no
opposition been manifested, and its repeal not
boon mootod, tho bonds by this time you'd
have been we'll nigh Ill brought IN to be funded
lpder its provisions.
L am not of those, who, entrcrcied in tho as
sumed lnialbllity Of their own oppiun. believe
al others to be wrong, aud aotuated by impure
motives or deluded By Ignorance. Human
judgment is falIlble, and | give others credit for
integrity OF purpose ADD purity Of Intention az
claim beth for myself. | d. DOT, capnot
believe that tue memtcfs OF this General rs.
'embi7, however bitter may have beca che co..
tests for their scitS, tr hoWeve. pro,uod the
Foelloes aroused 10 the struggle, have now in
!htlr high places anything but tho eood Ct
Virginia at heart, or will Knowingly allow ouo
aspersion, not to say otc wound, to Be iuN cied
upon her welfare or her fame. Different views
are entertained of how this debt question ought
% be settled. This mus: be, whuu there arc 50
naoy. dtlsreot minds 1t may be viewing the
question from 50 many diff rent standpoiots.
But 10 subject of such Diff. nlty, surrounded
and interviewer with s many troublesome md
intricate problems, each caub OF expect to have
lis own peculiar views adopted 10 tho exclusion
If those Of every other. There must DO con.
,iliaIion and compromise. The present law
Vas tho result of tho operation ct jas. such
motives.
Sure am. that Tho first thin. tho pile
FAR, as it wcro, of any path along which we
my travel. is the constant and ever prcaenr
LAIN OF the States honor and good name, and
hough men mag in monenls of excitement OF