The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-02-02

Eo,,nilnloerland nnd Lnncaste ter Edward Brow
| rouoway.- HhiioH n, Mann.
pase.--Jamss Il. StswaTt
ppss,ulek.-A. n: Lybrook.
pl,uy l,,,usylIanis.-Horaio Davis.
| nrince EJiward.-J. NJ Crute.
nnriDce George and surry.-P. p. Bate
InT,pce W lillian. barles g. HOwIson
nrlncess ADne.-Jpmes H. Keeling.
hhappahannock. .-ydmes f. Strother.
oke;--James w. Palmer.
RockorldRe.-James 7. Patton.
Rockingham.- johnson.
Russell ;-James ". MrBroom.
seotf.-Mariin n. Wood.
SSnenandoah; ;-Gsorge n. Crirert.
Smyih.-D G. Miller.
| southampoD.-E. G. Bsrrett
spo,syiyania.-Rober 8. Waller.
Tazewell-sierling Y. Watts
warren and Clsrke.-R. A: Finnell.
| MashingiOn.-George W. Wnrd Jr
,MestmoIeland and Rchmond.- Robert Mayo, Sr
! Mincbester.-J n. Sherrdrd. ISr.
| Wise aud Buchenan-H. NJ. Jones.
| Wythe and Pulaski--James Z. McTeer
.ludges reelected In raiics
Judges elected prior TO January l, 1906
WHAT READJUsTERs PROPOSE TO DO WITH
THE DEBT.
| Mr.. Turner, OF Norfolk city, OF the
House Finance Committee, Is the first Re.
adjuster member to write out his views in
regard to the debt He has put them in
circular form foz Z be s,eHefit OF his party
and others. TheyAre as follows:
L deem 1t but fair to Others and Just to
myself TO state the basis OF a plan OF re-
adjustment Of the debt OF the State OF Vir.
elna that will bring the liabilities for the
payment Of the interest thereon within the
limits OF the resources Of the Common
wealth at the present rate OF taxation upon
present and future assessments and in or
der to do so with any degree Of success, it is
absolutely necessary that the General AS
sembly shall reaSscrt and maintain its in
alienable right 10 control the future appro-
prlations OF the revenue OF Tie State. Then,
as the past.due and partially-redeemed tax
receivable coupons and the current ex.
penSes Of the Government will absorb all
the revenue TO July l, 1880. the imperative
rejection OF all coupons that are not due
prior to that date or all of the outstanding
bonds OF the State viii be required
to secure relief from this "cut-worm,"
in order to accumulate a sufficient fund to
promptly pay the first nSalment OF inter-
est on the rcadiusted debt, on January |,
1851; therefore, this new debt should bear
date as Of July /, 1880, and the interest
thereon made payable semi-annually there
after; and hence, the entire debt and the
accrued and unpaid interest thereon with
The exception indicated abOve), including
luc IlltldIH iuuu, tue cluOWi1cUlS 10 the
institutions, and the cancelled bonds, with
he accrued interest thereon, that have been
redeemed by the commissioners OF the sink
ng fund, shall be equally sealed, adjusted,
and consolidated on the basis and in such
that the rate OF interest at 4 per
cent. will maintain The new bonds ut par
with those OF other governments.
Now, in order to arrive at fair and equ-
"a Of to
ascertain what will be the probable amount
Di annual revenue of the State in the iu-
Lure, and also the arrearages now due for
pubiIc-scho0l purposes and the charitable
Institutions-lhe amount Of annual revenue
due the schO0ls-the annual expenses oithe
prudent margin for acci-
dents and incidental expenses. / have care
fully considered all OF the bearings, and
have had the opinions of Mr.. Massey and
Others, all OF whom confirm the opinion
that the new assessment will reduce the
OF real estate at least % per cent.
and that Of personally at least 10 per cent,
and reduction OF licenses, &C., in the sum
OF 100000. which will yield net revenue
tf collected) amounting to not exceeding
81, l00,0O0 And by the same process | get
the amount OF revenue que the schools
100000; and then Auditor Massey reports
the drredrGgeS now due the schools at ST.
5000 and due the charitable institutions
at 100000 the annual expenses OF Govern
ment at 5000, 600, and accidents and incl
dental expenses, 100000.
Then we will have a total
Amman revenue. S2,l00,0O0
From which deduct
Revenue due the schools. 100000
Expenses of government...... 900 900
incldeniak' &c.'''''''.'.''.... 100000
- 100000
Remainder, to pay Grrearoges and In
tcrest. 100000
Here, then, i; is manifest that il the ar
rearages are TO be the first items to be paid
after readiustment OF the debt is secured.
the State can pay no interest for over two
years, or until an annual surplus OF $1,000
will pay off the arrearages Of S1,700, 900.
But Us the economic interests OF the State
will not suffer thereby, propose TO adjust
the debt on the basis of not over SO, ,0OO, 900,
as indicated above, with interest at the rate
OF / per cent. per annum.. This will keep
the bonds at or about par on the market, as
the State can promptly meet the interest
thereon, amounting 10 $4S0,000, and have a
surplus Of 1920, 900 with which to pay the
arrearages.
WILLIAM II. Turner.
Norfolk, Va.
MECHANICS LIENS.
In the House OF Delegates Saturday the
bill introduced by Mr.. NICOL)
was passed. II has now to go to the Senate
Be IL enacted by the General ASSEMBLY Of
Virginid, That when an agreement shall
have been made between any mechanic and
any other person whatsoever regarding the
price for the repairs OF any gun. pistol,
plough, wagon, or any other article what |
soever, the said gun, pistol, plough,
wagon, or other article, as the case may
be, shall be subject to a lien in favor OF
said mechanic for any amount that may |
be due said mechanic for repairs as
and the said mechanic may retain |
the SAID gun, pistol, plough, wagon, or
other articles, as the case may be, until said !
amount due for said repairs be paid and ii |
it be not paid within thirty days after it is
due, The said mechanic retaining possession !
thereof may after thirty days notice sell |
such property, OF such part thereof as may |
be necessary, at public auction, and apply |
the proceeds OF sale 10 the payment OF the /
amount that may be due for said repairs, |
and shall pay over the balance, il any, OF
such proceeds to the owner OF said article.
=. Inls ACT snail DC III IOIce from anu
after its passage.
G0LD.MINING IN IDAHO.
Both houses OF the General Assembly
have passed bill constituting George NJ.
Balm, 5. Hamburger. y. Burruss, John B.
Corprew, w. ID. &. Jones, James Y. Leigh,
f. +. Marx, III. B. Nichols, w. b. Rogers,
Ii. Dubois Van Wick, John B. Whitehead,
and Henry L. Wilde, a body polite and
corporate under the name and style OF the
and Idaho Gold and Silver
Mining Company, the object OF the said