Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1903-01-23
N0IC'A / ] FOR Alarm
NUT URGENT NEED FOR ECONOMY.
" STATES FINANCES.
WILL NOT. NOT IN &c; RE TAXES AK !! !.
senator Keezell and DELEGATE Boar.
Explain the situation-outlay on
Capitol May Be reduced ana
Smaller Appropriation Made for
Ter.ccntenary Exposition.
WILL NOT INCREl , Sc TAXES.
Senator Keezell and Delegate Bon1

The figures submitted by Auditor
fMarys yesterday to the Senate IN re-
Spouse tosa resolution passed by that
body, we're the topic of conversation IN
the hotel slobbies and in legislative cir
cles last night. 49,
Taken literally, the figures show def
cit Of $4,000 in the estimated receipts
and expenses of the State for the pres
ent year, but the Judgment of two of the
most experienced members OF the Cen
eral. Assembly. who are acquainted with
the conditions, are. that there is no
cause for alarm or uneaslness.
The figures are based upon the re-
ceipts and expenditures of the State UNI
der the provisions of the new Constilu-
ton. and while they are on their face
of nature to cause apprehension, Sena-
toI. George B. Keezell, of Rockingham,
a. member Of the Senate Committee on
Finance, and Chairman William II. zBoaz,
of Albemarle, of the House Finance Com
mittee, are confident that the State is in
coed condition.
Not only is the State believed to be in
a healthy condition, but from the views
Of the two gentlemen named, there will
be no occasion for an increase Of taxa
tion., all the liabilities and various State
institutions, and all expenses of governs
ment, will sne met. and the interest on the
public debt will be promptly paid. The
zstrictest economy will have to be observ-
ed and practiced by the General Assem-
bly,; however. and there will be. no waste
of. money through the appropriations bill.
TAX FOR PENSIONS.
There is pending in the Senate Commit
tee on Finance resolution looking to a
special levy of cents on the: 500 of pro-
perty for pension purposes, provision for
which was made by the new Constitution,
but the proposition will be fought in the
Legislature and the necessity for the
levy thoroughly discussed when the. reso-
luton is reported back to the body for
action.
Senator Keezel and Delegate Boaz
were seen last night by a Dispatch re-
porter and asked for a statement in con-
nection. with the figures quoted in the
communication from the Auditor. The
two gentlemen were in no war disturbed
by the apparent deficit between receipts
and expenditures. apparently being of the
opinion that just the condition presenting
itself would come in due course Of time
It must be recalled that the State has
been making large appropria tons for va
rious' objects recently, and this has been
provided for out Of the surplus which
has accumulated from time to time, to-
gether with an appropriation Of some
$500. 900 for pensions, which lis FAR in ex-
cess of the amount heretofore set aside
for the relief of the dependents of the
Conf Sta tes5 army
AUDITOR 1IARYE'S STATEMENT.
F olloWi11g is the communication sent by
theAauditor to the senate. which was read
and ordered printeu for the use Of the
members Of the general assembly. Only
the total of thes various tables are giver,
together with the full text of the letter:
The following letter was read in the
senate to-day from Auditor Marye, ac-
companying statements referred to, from
which the totals printed below are taken:
Hon. Joseph 3. Willard, President of the
Senate:
Sir,--In obedience to a resolution Of the
senate, adopted on Jan. s. 1903. I have the
honor to. hand you herewith the follow
ing statements. to-wit:
Statement showing estimated annual re-
ceipts of the State, based upon the laws
now in force and assessments of 1902.
Statement showing estimated annual
receipts Of this date, based upon the
assessment of taxes in 1902, having refer
ence to the provisions Of the new con-
stitution.
Sta ten1ent showing estimated annual
expenditures OF the State based upon the
laws now In force.
= statement showing the estimated an
nual expenditures Of the State under the
new constitution
Statement showing estimated reduction
IN revenue OF the State. caused by reduc-
tion in rate Of tax prescribed by section
1se Of the new constitution.
Statement showing the estimated
amount to be derived by special tax Of
five cents ON the hundred dollars of
assessed value OF real estate and tangi-
bic persona! property if levied under sec
ton 1S9 of the new constitution.
THE TOTALS
. Statement showing the items Of reduc-
tons Of revenues of the State which Will
be caused by the reduction in rate of tax
on real estate and tangible personal prop
erty prescribed by section 1S9 of the new
constitution. prepared by the auditor OF
public accounts pursuant to a resolution
OF. the senate, adopted Jan. s, 1903:
Reduction in assessment OF lands
under new constitution as com.
! pared with old. $500 81 81
Reduction personal property. 4snls 4s
Reduction railroads and canals. 60,S10 80
Reduction steamship companies. SO4 63
Reduction telegraph and tele-
phone companies: s12 IS
fieductlon express companies. 40 SO
Total reduction. .s431 .058 90
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