Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1881-01-26

ed at s24S, 455 933. $50 per CEN, upon
which is e49 69l, 1867. and AZ fifty
cents on the hundred dollars worth the
reduction would be s24S, ASS % which.
taken from the actual revenue OF 1917
80, would make the receipts for 1880.
81 the sum of 81. 62S. $40, As instead OF
81 100000 as claimed go confidently by
General Malone.
The statements OF the interview are
as faulty aud wrong IN regard to the ex'
penses of the government and the
amount necessary to paw interest on the
McCulloch bill as they are in relation ~
the revenue. The McCulloch bill, 1t Is
represented, fixes the debt at s33.22o,
GIL, on which interest at 8 per cent. Tor
ten years was to be paid. The interest
therefore, would be only 1896 900 IL.
But General Malone saws it would be
OIL. 299. l64 for 1879, for 1880 would be
$l,l94, l64. for 1881 the sum of 81 'OOS,
Ol2, and for each succeeding year to
1890 the sum Of 1895. $50, make an av-
erage for the ten years OF sl,0oi'ooo'
Most people will be unable TO under
stand this arithmetic. He puts the ex'
penses of the State government and the
schools, under the most frugal admins
tration, at $l.400 900, 10 which nc
claims the Readjusters had reduced
them. When the Readjusters did TIL
it is hard to guess, as the assertion II
made positively in the address tha'
"Funderism had ontrolled the govern
menf, without interruption, 10 the ISL D
January. $780," But concedlng Gen
eral Mahone's figures as to the annua
calls upon the people for all purposes
though by no means correct, and Idle
result is reached:
Annual outlay for the expenses Of
government and the support
Of the schools, $,&OO,OO
Average interest for ten years ON
the McCulloch bill, l,057,5O'
Total annual charge to 1890. sl.457.5o
Now compare This with the state
ment above given from official source:
of annual receipts, and anybody can see
that the revenue at existing rates with
ont an = increase of taxation would have
been ample for all purposes ii the Nc
Culloch bill had been allowed 10 60 in
To full effect, If the Readjusters had moi
by combining with their faithful allies
the colored succeeded in &C
complshing its defeat. But Genera
Mahone's figures are by no means cor
rect when he says that 81 400, 900 is The
lowest point to which the State an
school expenses could be reduced. AnC
here again, to confute him, l have off
cial statements taken from the rcpor
of the Auditor Of Public Accounts
This gives the actual expenses OF th'
government for the year end NJ sep
TENDER 30, 1878, as s877.O13,52. Un
der the operation of previous amend
nent to The Constitution since thai
time the number vf the members OF The
General Assembly has been reduced
and their pay diminished, aud its ses
sions tienniel, all of which will make &
corresponding reduction in expenses
and by act of lS77~'78 all the salarle
under the State government were re
duced. The session of 1879 80 was The
first under the new arrangement. The
report of The Treasurer ending Septen
Der 30, 1880, shows that the previous
estimates of the Auditor Of the expense
of the State government were substan
tally verified. The Auditors repor
for 1879 also shows that the actual ex-
penses of the government for the yea
ending September 80, 1879, were s17S.-
6SS.87, and be estimates for the yea
ending September 80, 1880 al sG99.5S
A committee OF the Legislature com Jos
ed ola majority OF Readjusiers, appoint
ed especially TO report what actual rev
enue they could safely depend upon, AM
what the school ,und was entitled II
each year, reported on the 18th OF Jan
uary, 1878, that the actual reyenu
was certainly as much as s2,44 2l4.6
and that the school fund should hav
s497, 1877 ,S5. These are not gu sses, hu
hard facts, and show as follows:
Actual expenses of government for go 600 q
.sinai sum due to schools each year 4e7,7o2 .