The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-01-19


IOans-leayins S2.S11, 396.41.
The year lS79-'S0 take from the report
Of the Treasurer, who is Readjustcr, and
General Malone will not call it in question.
Then, the revenue TO" the year ending Sep.
tcmber so. 1880. being, on Read lister au-
thority, S2.S77,3 1864, what is going to
bring it uOwn al a single fail TO General Ma
homes figures OF 81, 100, 000-a decrease d
more than seven hundred thousand dol
lars.
There will be no decline in the capitation
tax, none in the licen>e-taX, for there is no
thing to produce such decline, and none
is suggested; none III the incomc-taX-so
if there shall be any decrease, it il bound
to be in the tax on property.
General Malone says the new assessments
will show Il decline Of 20 per cent. in the
value OF real estate. | don't believe this
will be the case, but as the assessments have
not all been published | can'ttell; but con-
ceding il to be so, the real estate in 1879
was assessed at S24S 400 933 $50 per
cent upon which is $40, 69l, 1867, and at
fifty cents on the hundred dollars worth
The reduction would be S24S. 4jj.93: which.
taken from the actual revenue Of lS19-'S0,
would nuke the receipts for 1SS0-'S1 the
sum OF S2,62S. 940.4S instead Of ~, 100. 900
as claimed so confidently by General Ma
hone.
The statements OF the interview are rs
faulty and wrong in regard TO the expenses
OF the government and the amount neces-
sary 10 pay interest on the McCuliOch bill as
they are in relation to the revenue. The
McCulocb bill, if is Represented. fixes the
debt at S33 22S GIL, on which interest at 3
per cent for ten years was 10 be paid. The
interest, therefore, would be only $780,
S60 Is. But General Malone says it would
be s.. 299. 1914 for 1879, for 1880 would he
81, 1916 for 1881 The sum of 81 ,093, 1914.
for 1882 The sum OF sl.00S, 012, and for each
succeeding year to 1890 The sum OF 1896, 500.
making an average for the ten years Of
81. O57, 900. Most people will be unable to
understand this arithmetic. He puts the
expenses OF the State government and the
schools, under the most frugn adminIstra.
ton, at Sl.400,000 to which he claims the
Readjusters bad reduced them. When the
ReIdiusters did this it is hard TO guess, as
tho assertion is made positively in The adj.
dress that Funderism bad controlled the
government, without interruption, to the
Ist of January, 1880" But concedlng Gene
raj Mahone's figures as to the annual calls
upon the people for all purposes, though by
no means correct, and this result is reached !:
Annual outlay for the expenses Of the
government and the support of the
scnOOts. s..'............ sl.4UU,UUU
Average Interest for ten years on the
McCuiloch bill....,.... ........,..... l.O07,OOO
Total annual charge 10 1890. So 4j7.500
Now compare this with the statement
above given from official sources OF annual
receipts, and anybody can see that the reye.
nue. at existing rates without any Increase
CT taxation would have been ample for all
purposes II the McCulloch bill had been al
lowed to go into full effect, II the Readjust-
ers had not by combining with their "faith-
full allies 1.-THE colored voters-succeed ed
IN accomplishing It's defeat. But General
Maboue's figures are by no means correct
when he says that S1,400.000 is the lowest
point to which the State and school eX-
penses could be reduced. And here again,
TO confute him, l have official statements
taken from the report OF the Auditor OF
Public Accounts. This gives the actual
expenses Of the government for the
year ending September 30, 1873, as
$s77.073.5 2. Under the operation OF a
previous amendment TO the Constitution
since that time the number Of the
members of the General Assembly has been
reduced and their pay diminished, and its
sessions made biennial, all OF which will
make corresponding reduction In cx-
penses; and by act Of lS77-'78 all the sala-
ries under the State government were re-
duced. The session OF lS7o-'S0 was the