The Weston Democrat. [volume] (Weston, W. Va.) 1875-current, 1880-12-04

five records show tliat the first
bondissucd by the commonwealth
IofYirgini,l was in the yeariS22.
From this latter period We date
the commencement OF our liability
under the fundamental stipulatipns
prescribed by Virginia for. our sep
aration,which were accepted BY the
people Of this State, approved by
Congress, and the President Of the
United Stntes,as the head ofthe eX.
ccutive department, and subse-
1Mently affirmed BY the Supreme
Court ofthe United States aud may
at this day be accepted ny the pub.
Eie us firmly cngmttcd into obliga-
lions and rights as il the same were
constitutional provisions eminating
FROM the supreme power.
The concurrent approvals, bind.
iag alike uphnthe people ofVirgin-
ia and West Virginia. lead lis to the
following conclusions, whicllure the
results Of Il mathematical demon
stratipn, foUn'led upon public Ind
official records, appropriate 10 dc.
trrminc how much Of the bonded
debt Of virginiil existing prior 10
january, SGl,wns expended within
the limits Of this State, and how
much way contributed title coun-
ties forming the same:
The report Of the Debt Commits
sipners tcreinbpfore referred 10
SliUws that all State expenditures
within Ills State prior 10 January,
1861, amounted to $3,S6G.92029,
and although it is apparent that
bonds for quite II large amount Of
this sum were never issued, never
theleSs the expenditures would seem
10 import IN Obligation upon our
peuplt 10 return every dollarw which
has been so contributed to the de-
velopment Of the tcrritoryof our
State.
The committee have not entered
intothc tedious process Of calcula-
ting the interest, for the obvious
reason that there would lie us
much interest OH our contributions
to MS upon the receipts from Viz
gina.
The committee have therefore
assumed the foregoing sum Of
SO ,3GG.929.29 as importing u debt
upon West Virginia TO be gathered
and itemized from the report Of The
Debt Commissioners aforesaid.
From the amount Of the foregoing
expenditures must be deducted the
moneys paid into The treasury Of
the Commonwealth Of Virginia
from The counties included in this
State during the same period. For
the sake Of convenience the Com.
nlitteelave charged TO Virginia, mot
the whole contribution, but the
surplus after tlctlucting Il just pro-
portion ofthe ordinary expenses Of
the State government. Our total
contributions from taxes 10 The
SlateofVirginiain tho year S22,
amounted 10 500, 600; aud in that.
Spensesoiitlle
statesg6verllment cliargeablc5 to5us
was $i7, 600, leaving an2cxecss Of
$4,000 !WIlicll:would 70 !otlleliQui-
tlation ofstlIe debt created for eX=
pcn,liturcs= within #0urE!HitlstZ
This small surplus =inz1S22, by
Tie process of an increased rate Of
taxation and the increased value Of
Tie subjects tobc taxed, tic rate
rising from Scents to 10 cents on
every one hundred llollursin value,
made the excess of our contrillu-
tions to the treasury Of Virginia in
lie ycar 1850 amount TO $4,000,
rejecting fractions.
Thus our contributions 10 the
treasury Of Virginia arising from
taxes collected in that year
amounted to $g47,O79 So. In the
same wear our proportions Of the
ordinary expenses of government
amounted to Sl35,0O0, which lelt
tne surplus AFORESAID o. foIZ'VI''9o'
H. VIII DC observed !ll"t INC Noii'