The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1881-05-05
The State Debt.

Inc IOlIOW1nS table mas Deen given TO the
public through the editorial columns of the
Richmond Whsg 1t presents the State debt
in different phase from any statement we
have yet seen, and throws much light upon
the complications of the question. The Wing
asserts that it has eliminated from previous
presentations only the compound interest and
that the figures given represent the two-thirds
universally recognized as the amount of the
original debt Virginia ought to pay, and in
cludes interest on that amount during the
war. That paper further invites the most
scrutinizing investigation of the table, satisfied
that any slight discrepancy that may be dis
covered, will be found to be against the State
and in favor of the creditors.
The detailed formulation certainly places
the whole question in very gratifying light,
and will have the effect to simplify the dis
cussion of the matter, and bring the popular
understanding to clearer comprehension of
an issue which has had as many shapes and
forms as the leopard has spots, land COMPOUNDED
the minds of many of our most intelligent
citizens. The statement of the Wing is as
follows:
THE JUST DEBT OF VIRGINIA.
Old registered and coupon debt, as of
Old James River Stock and James River
and kanawha bonds. 294,130 90
Total State Debt Of January 1861 ,soO,712 80
Interest from January l, 1861 unclud-
ing arrears at that date, to July /,
2l,504, 342 80
Debt and interest to July l. 1871 .s53 3O5 O55 80
One-th1rd on for West Virginia. IT, 76835I SO
virginias two thirds ACKNOWLEDGEMENTS 536 7O3 81
Interest paid from January J., 1861, to
January !, lS6i.... 4,7l1,243 80
$30,825,459 SO
Interest paid under acts of 1867 ..... 2546479 g.
$2s,27s, $3.50 q
old bonds between January /, 1866
and July /, 1871. ................... 2687 179 81
$25, 5s2,sl 80
States interest in public works sold
for bonds of &C. '67, between January
J, 1866 and July ], l87I........... 1,023 069 IS
s24,5es75O 81
thirds Of the original debt at 6 per
cent. 50s8,1l4 O6
Add interest at per cent. from July l.
1871 to July i, 1881 ................ 116889g1 SO
ss1,1706ls SO
Interest paid In cash since July ], 1871 2S23l rs
$2s,s4s,3Oe So
| Interest paid in coupons since July !,
.......................... 7so1,917 90
$21,O47,ss9 So
| Redeemed by Sinking Fund since July
l, 5,es4,72o ss
virginia's just debt .s15, 1863 90
| Add four pears war-interest deducted
5oss,1l4 o6
s2O,44o,7Ss &c
| The invasion of Mexico by American enter
prise and capital and the opening up of that
country to American industry through the
railroad schemes projected and in process OF
| construction, do not necessarily imply that
Mexico is to be annexed to the United States
1t is not time for that We have outlets for all
our products and can furnish Mexico just as
well under her present government as any
other. That mongrel population, fve-sixths
of whom can neither read nor write in their
own language, would not be very desirable, and
until over-run by an influx of Anglo Saxons,
would be "a very troublesome addition to our
citizenship. The country will have to be Amer
canized by the ingress of American people
before the question of annexation will be Sc
riously mooted, but 1t will come some day.