Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-30
TAXES NO HEAVIER.
INCREASED BOND INTEREST WILL
NOT MAKE 1T NECESSARY.
PLENTY OF MONEY Fox ALL DEMANDS
I'm 1901 There VIII lie Funds on
Hand 90 Pay the Increased inter-
.st,dxnuce I'm state Bonds-Capi-
toll Notes.


"There is no likelihood OF there peing
an increase In taxation IN Virginia py
the next Legislature. There VIII De no
necessity for it. There will be no eenc-
raj increase in the assessed values Oh
real estate in Virginia. In some locah-
Ties the assessment Will be higher. mat
will he because the value Of the land mas
increased"
The sneaker was an official Of the Slase
Government. who was answering the
question Of a Dispatch writer yesterday.
He should know whereof he speaks Oy
reason Of his position. He was very ein-
phatic in his declaration that there was
10 reason 10 believe that the next Gene
raj Assembly would increase the tax
burden.
NO NEED OF INCREASE.
He expressed the opinion that there
would be no necessity for increased taxa
ton. 1.-THE finances Of the State are IN
fine condition" he said. You near
great deal of the poverty OF virginia.
Much. If not all Of IT, is rot. The finances
of Virginia have been MANAGED WIN
great deal of wisdom during the past de-
code or so. at least. There is always
plenty Of money in the treasury to meet
every obligation, and there viii be
plenty to meet the demands in 1901, when
the state begins paying Increased inter
est on her bonds"
A speech by Hon. Henry 7. Wickham
in the Virginia Senate near the close %
the session Of 1697-'9S, III which he pre-
dicted that an increase in real estate taxa
ton In 1891 would probably be necessary,
attracted attention at the time, and prob
ably has had much 10 do with cfedlirg
the very general impression that tax Ddr-
dens are 10 become heavier
CENTURY BONDS ADVANCING.
The increased and increasing market
value of the Century bonds Of Virginia
causes much qualification 10 State Of
fcials, especially TO those OF the Iisa-
sury Department. The bonds are now
quoted al SGh. When issued in 1892 they
sold at less than 20 per cent. Of their
face value. When issued over iourtceit
millions Of the issue of sixteen and a half
millions went to foreign holders
Since the passage Of the act of 1892 the
General Assembly has three times eX-
tended the period within which the old
bonds may be converted into centuries.
Second Auditor Ryland says very few
Of the old bonds are now outstanding,
while the amount of outstanding century
bonds is about AS,00,0)0 over six mil
lions of these bonds have been registered
as permanent investments. Second-Au-
ditor Ryland, estimating that at least
100000 OF the century bonds are held
in Virginia.
The courts Of the State are requiring
now that large portion of the funds
controlled by them shall be invested In
l. -
the time the new bonds are issued. in
1901, they will be at a premium.
WOULD MAKE GOOD READING.
OF the official correspondence of the
heads OF state departments. that Of tho
State Superintendent of Public lnstruc-
ton if published. would make by far
the most interesting reading. This is al
ways more or less true. but at this sea-
son OF tho year, particularly it is the
case. The assignment Of teachers by
district boards is now in progress, and
The result never does, apparently, give
Letters Of complaint To
State Superintendent SOuthall are hume
rOus. Many of them are rich. Charges
arc made with tho utmost Indebtedness.
Could every one be sustained many
rural community would be set 10y the
ears. The correspondence is very jeal-
of Public instruction, and not
D. line of il can, as II rule, find its way
into print.
VIRGINIA LIVE STOCK.
Commissioner Of Agriculture Koiner
has been writing articles recently showing
he profits in sheep husbandry in Virginia,
which has attracted the attention Of
western sheep raisers. He received
letter from Medicine Lodge, Kan, yes
terday asking information on this branch
Of farming IN this State and saying that
a colony from that section is contemplate
ing moving to Virginia 10 engage In sheep
raising. The inquiry was especially about
Southwest Virginia. The Commissioner is
much pleased TO see the old state
giving more attention to the live stock
business, which he says. can be made
the financial salvation of many farmer
that II is now the mOuey-makng part
Of The farm: that our mild, short winters,
and the great variety of forage grasses
ana plants that can be grown I'm every
part of this State with our accessibility !
to the best markets. give Virginia great |