The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-19
vIRGINIA'S FINANCES.
TIE SECOND AUDITOR Publishes
MS ANIMAL REPORT.

HIS ANNUAL NH V"A'
| II Gives the Condition of the Public Debt
and Of the Literary Fund-Thc Re-
port Of the sinking Fund.
| Mr.. Josiah Ryland, Jr., the Secohi
| Auditor. has flst issued his annual report
| for the fiscal year ending september %,
| 1875 which gives in detail the CONDITION OF
the public debt. OF the Literary tund' anu
Of the Sinking Fund. The following Is
| general statement OF the condition oil
the public debt on that Day
PRINCIPAL.
The amount of bonds ana GER
tifcates issued under ac's OF
February H. 1SS-, ana NO
yembcr q 1854, bearing per 80 oso oe- -
cent. per auuum interest," - S''0o''V'' -
OF which there has been IT,
ceived in settlement OF IN,
debtedncss to the state ana
cancelled
From the Richmond
ana Danville Rail ON -
road Company ..... SfJoo'' 70
From the Upper APP .ooc,a
pomattoX Company lV'S'i :"
From defaulting Of
ficers and their 1910 "a
stgctieS 900. ...ssss ly''''' ~
A,ooun, cancelled .. cOo7cl Of
Lowing ....... s,ess.36s 16
The amount reported septem-
her 49,. 1892 OF these BONDS
held by the Commissioners
Of he Sinking Fund and can
celled under the provisions OF
the act of February -, lej-, $780,. o.,
............ .....ssss.s -f'rftf''" W
Leaving total amount OUT 1900 c. 20
standing .....''' ..''''''' S''''''''' -
or which there IS held by the =. ...- ..
Literary Fund .........-....... SI'7"Vo-' -
And there is I'm the hands OF 100, ,-o 90
the public ........... ..'...'.'. 7''V''i'~ -
s6.sso,7ss IS
The coupon bonds under these
acts are transferable TO res
istered bonds, and rigistersd
bonds TO coupon bonds, At tlic
pleasure Of the holders on
the payment of fee OF MY
cents for each new bono IS
sued.
The amount of each class out
standing October !. $3.50, Is
conn ,v,'g hands ......... 5000 80 10
Registered bonds ............... o,l-5,iW W
Fractional certificates .......... Ziooi ~
rotal. ............ ss.ssl.5N 40
Amount reported as aboye..... 5,S0'i %
Error ...s 7si 81
The amount OF bonds and GER
tihcates issued under act OF
February - 1882 and under
that act as amended by act
Of January 81. 1894, bearing
per cent. per annum inter-
est, ls....... ..s....+.-..-.ss.. Sl's' i-i' ot
or which there has been re-
ceived from defaulting Of
fcers and their sureties, ana
cancelled ........... .....'s..- Loon w
Leaving ...................... sl7,s75.702 81
or which there is held
By The Commission
ers Of the Sinking
Fund purchased un-
der act Of February
y. 1884, .t..-...... >Ef,uD "
And by tho Literary
Fund .............,... ol,JW ~ ...
Leaving I'm the hands OF
the public ................ Nl,3yl,202 %
The coupon bonds under these
acts are transferable 10 reg
istered bonds and the regis
tered bonds to coupon bonds,
az the pleasure of the hold
ers on the payment OF fee
Of fifty cents for each new
bond so issued.
The amount of each class oit-
standing October 1915, is
Coupon on on bonds 100. 100000 %
Registered bonds. $4,000 %
Fractional certih-
Gates .............. H,su- -
Total. --................ .. sl7675.7o2 81
The bonds reported September 30, 1892,
as held by the Board of Public Works.
amounting TO s7i.209. have been sold
for the purpose Of erecting q building
for a state Library and other public Of
fees. and are included f. the above
amount. stated to be in the hands OF
the public.
PRINCIPAL Ar.D INTEREST OUT
STANDING.
which has not been funded
under act Of February II.
1852. or act Of February 20.
1892
The amount Of bonds and GER
tihcates outstanding Oct0-
Der J. 1895 issued under acts
passed prior 10 February II,
1852 Che unfunded bonds re-
duced one-third for West
virginia's portion, is......... sl,o2s,2l7 "A
The amount of interest out
ing July /. 1891. exclusive OF
any interest th-t may be
unpaid on bonds issued un-
der acts Of February n. iS>Z
and February 20 lse2, Isl. 162L52 81
s2.e52,i7o Al
There is held by the United
States. IN trust for certain
Indian tribes. bonds of the
State of Virginia. which.
with interest 20 July l. 1891,
amount 10 Sl.4e5,6Is. twO-thirls
of which-viz.: $3f, 1lsG7 de-
amount Of s. .21 y, leaves. 81, Cos. 251 "a
February ~, lN2. the bonds issued I'm
lieu of the old securities surrendered bv
the BOndhOlders' Committee were sur
rendered in bulk. the rate of distribution
among the different classes Of creditors
being fixed by q commission appointed by
the committee for that purpose.
LITERARY FUND.
The following IS a list OF investments
for the Literary Fund in State bonds is
sued under acts of the General Assembly
of February IA. lS2. ana February ~
1892:
Issued September =. 1886. I'm
funding bonds standing I'm
the name of the fund. 3 per
cent. bonds ...............:.... Sl.OSt2e7 Is
Purchased out Of Literary Fund
fires. escheated property, and
the proceeds OF the payment
OF bonds Of the Richmond
and Danyille Railroad Com
pany held By the fund,
per. cent. bonds. ............... 3i6loo o.
Purchased out Of Literary Fund
fines, . per cent. bond........ 1880 90