The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-05
FINANCES OF VIRGINIA.
xxxUAL REPoRT oFsEcosD dUDT-
TOR JOSIAH RTLAND, in.


ToR JOSIAH RrLASD, in.
n shows the Condition OF virginia's Public
Debt, It's Literary and sinking fond
at the End ofthc Year
~. Josiah Ryland. Jr.. the Second Au-
6kzes. has Just presented TO Governor
o'Ferran his annual report for the hscai
year. ending september 80. 1891. 1t is. AS
sps.l. an interesting document. and shows
n detail tho condition OF the public debt
II the Literary Fund and Of the Sinking
Fund.
The report shows the condition OF tne
pablo debt at the end OF the fiscal year
% be as follows:
PRINCIPAL.
The amount OF bonds and GER
tidcates issued under acts OF
February Il. lSs2. and Novem-
Der p. 1884. bearing per cent -
per annum interest, is...,.... SS,zov'Vo' a.
Df which there has been recelv-
cd In settlement OF indeDt-
ness TO the state and cancell-
ed:
From the Richmond
and Danvllle Kail-
road Company 49,. 1852 20
from the Upper APP
pomattox Company. lO,eo4 70
From defaulting OIL
GERS and their sure
tsss ....... 152.967 81
Amount cancelled. ....... eo2''Sl %
rnsv,o1 . ......... sS.6Se.s35 90
me amount reported Septem-
b<r 90 1892 Of these bonds
hsld by Commissioners OF the
sinking Fund. and cancelled
under the provisions OF the
sct OF February 20, 1892, was z,So''''o o.
Ae s,a,d,n 60 ..,........... s.s2s, $50 80
or which there is held by One
Literary Fund. .....,......... l'aSV'Sf %
And there is In the hands Of the an =,
public ........... '..'''''''''.' 7'0'''''- "
s6.s2S. $50 80
The coupon bonds under these
acts are transferable TO reg
tered bonds. and registered
bonds to coupon bonds. at the
Measure OF the holders, on
the payment of fee OF hfty
cents for each new bond Is
sued.
The amount Of each class out
standing October !, 1897, is
connon bonds .............. s.. POO. 800 90
Registered bonds .............. S.VSs.OVO "
frec,tonaI certificates. ........ 2o4 16
Total ss.S29.554 1G
Amount reported as above.... 6,32S,759 80
Error ..................s 794 81
The bonds reported september
20. 1892. as held by the Board
OF Public Works amounting
TO Si742O0. have been sold
for the purpose Of erecting
a building for a State LIBRA
~ and other public offices.
and are included in the above
amount stated 10 be in the
hands OF the public.
The amount of bonds and GER
tincates issued under act OF
February 20. 1892. and under
the amendments thereto Of
January 81. 1884, and Of jan
uary %. 1896. bearing 2 per
cent per annum interest. is. sl7, o2i. 2sS As
Of which there has been re-
ceived from defaulting OFF,
GERS and their sureties, and
cancelled. -. ................. 1861 90
Leaving. ........ ..........N7. 919,717 As
Of which there is held by the
Literary Fund ........... 1860 90
Leaving in the hands Of the
public. .......... .............. 81, $50 III 45
The coupon bonds under these
acts are transferable to reg
tered bonds, and the regis
tered bonds TO coupon bonds.
at the pleasure of the hold
ers, on the payment OF fec
of fifty cents for each new
bond so issued.
The amount OF each class out
standing October j. 1897, is as
follows:
Coupon bonds... ............. $13, POS 800 90
Registered bonds ..... .......... 4,617. 700 90
Fractional certificates ... 35l7 As
IOtN observation-disclosures. SltSl3ui 20
OUTSTANDING PRINCIPAL AND IN
TEREST
The outstanding principal and interest
which has not been funded under act OF
February IA. 1889. or act of February 20,
1892. Is as follows:
The amount OF bonds and GER
tincates outstanding october
!. 1897. issued under acts pass
ed prior to February IA. 1852
(the unfunded bonds reduced
one-third for West Virginia's
portion) is.............. $50. 7Oi. III O5
The amount OF interest outstand-
Ing due to and including
July 1. 1891. exclusive Of any
interest that may he unpaid
on bonds issued under acts OF
February H. 1852, and Feb
ruary 20. 1892, is................ 1.574sl7 90
s2275.7S 95
There Is held by the United
states. In trust for certain
Indian tribes bonds of tho
State Of Virginia. which. with
interest to July /. 1891. amount
20 Sl.49567S. two-thirds OF
which--viz.. s997 IFS 67-deduct-
ed from the above amount
OF 81, 275. 1885. leaves........ 81. 27s $50 %
Under the provisions OF the act Of Feb
ruary 20. 1892. the bonds issued in lieu of
the OLD securities surrendered by the
Bondholders' Committee were surrendered
IN hoth the rate Of dafrfhntions AMONG