The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-02-16
THE, STATES
FINANCES
Differences. Of Opinion as to- Villa, lat
Revenue Wilde Available
This Year. ga
SENATOR ANDERs0N's VIEWS
lie Estimates the Total Amount
ontNarious Sources atas8
Nearly Soc, 900.

No question Is Of greatcr interest just
now than that Of tho States finances
and tho probable revenue that will be
available during the two ensuing fiscal
years. Upon tho revenue available de-
ponds the fate OF many bills carrying
appropriations for various purposes now
pending In tho General Assembly.
Senator Henry r. yvickham has pre-
pared statement in which he bases his
estimates on the figures given out by
Auditor Of Public Accounts Morton
AIarye. The summing UP Of the available
revenue that may fairly BIO anticipated
as figured UP BY Mr. Wickhnm, is that
for the two years ensuing the aggregate
revenue available will be $55s, 665.77. He
deducts from this total the dividend pay
able for two years on the State holdings
Of Richmond, Fredericksburg and Poto-
mao stock, amounting to s74,s64. leaving
the aggregate revenue availab at $4S3..
so1.77, which he contends belongs to the
sinking fund, s
MIR, ANDERsoN's ESTIMATE.
Tuking Mr.. yvickharn' $ own total, sena-
tor George Wayne Anderson, after con-
sulting the Corporation Commission and
other authorities, shows that this Is an
ultra conservative estimate. and that the
available funds Of the State for the en-
suing two fiscal years will be $3.50, oe5.77
at the least, and will probably exceed
seven hundred thousand.
4T To Mr.. Wickham's total he adds s56.VCO
interest on s1,115 900 bonds set aside some
years ago and unused; $4,000 additional
revenue from dispensaries; $3.50 increase
in Interest on deposits, and sio.o as
conservative estimate of the revenue de-
rived from registration fees and fran
elise taxes by the Corporation Commits.
sion, thus making up his total. Colonel
Anderson further points out that the
auditor In his figures. which Mr.. Wick
ham accepts, estimates the amount from
capitation taxes at precisely what he
estimated 1t under the old Constitution.
making no allowance for the reasonable
expectation already partially allied, that
under the new Constitution, with payment
Of capitation taxes prerequisite to SUI
frage, this sum will materially Increase.
Mr.. Anderson Is satisfied that the receipts
from capltation taxes will exceed the
sum derived from this source last year
by at least $4,000. This he regards as a
most conservative figure.
The State hospitals for the insane are
asking for about 100000 more than
two years, but they never get all they
ask, and do not imperattvely need that
sum, In the opinion of Mr. Anderson. ia
SOME APPROPRIATIONS ASKED.
\, Against this total Of $ss3,ooo in round
numbers) there are now pending bills pro.
posing appropriations of s250.oOo for tie
Capitol; $4,000 for heat power and light
plant; $4,000 for the Medical 4 ollege .of
Virginia, which. is really but $1,000 more
than last year. The Virginia Polytechnic
Institute asks 100000; the Farmvillo nor
NAL, $4,000 This does not include APP
preparations proposed In various other
bills. including Mr.. Thomas's public
school bill and others. All these pro-
posed appropria tions combined would
make a total of $50. 900 or nearly 500, OOO In
excess of the anticipated revenues, ac-
cordng to Mr.. Anderson's' figures
It is very rare that any of the instttu-
lions asking special appropriation get all
they ask, and usually the bill asks FOR
about twice as much as they hope to get,
expecting that demands on the revenues
will be scaled. .
Blacksburg and tarmvillc will get
|SOrneLnlnS, sDuC IL IAcS SSI lily p@1f $3.50
OF what they ask they will do we'll. The
same may be said. of the additional
$4,000 asked by the insane hospitals.
Granting that these were halved, the
Capitol bill might still got through and
leave balance.
SOME MUST BE SCALED. l
Even IL all asked by Blacksburg, Farm,
VILE and tho insane hospitals were
granted them. the sums asked would
hardly be half used In payments for en-
largements and improvements before the
two years end. In the event that they
were given half what they ask, they
would be back two years hence for the
other half This Assembly cannot appro-
pirate money on the expectation that
another will supplement tho appropria-
ton, however, Ell
On the figures submitted, there appears
to be good prospect that the Capitol bill
may pass at this session. though 1t Is
being stoutly opposed oy the advocates OF
appropriations for other purposes.
nrAnr, rn0n SHOWING