The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-03-05

Quoted fron - aIiufrnert % f-IsaEo1 eel
p-isSpsI b. a. 20 ~ 49, r.,
virginia. and
Whsreas IA coa=equenos q ths great
Ap-e q time and the lone dsLay On fhe
the nahiIify % ws-f n~rxtnte IA ~
premi-s- ludicisiiy d~rt-rrnincd. also In
son-cl1ence - ths Tact that VtrginlA
clifton 90 the srnount heretofore .st ou-
diflorrds On the bonds. atocks aud -
s,says, hss,er. $500 20 al
sequence u tn fact that virginia a. the
tttne 81 the separation % the state -
teined- without any 20 IN.
state % West Virginia for sny part
Guiding the capitol az Riehmosd ne
ium a. sfaunton. n university az
charlottesville and various other pub.
hc euildinss and Institutions that have
been Constructed and equipped out Of ths
joint funds % the two states. a. well a.
fnuth Personal property consisting Of
Libraries. arms and munitions OF war.
fact that Virginia has largely scaled
her debt Without West Virginia receiV-
scaling. 60 NY nothing Of the legal rea-
sons that might Be presented In opposi-
ton 30 such charge. no interest should
be charged upon West Nirginia's allotted
proportion Of the principal OF aid :
The Proposition
VOW. therefore. be IL resolved a. fol-
J. What this commission proposes. and
II does here nov ropos TO the Nir-
s5T-as. or the sum OF fgss0asais. OF
the value Of the stocks. bonds. securities
and other securities h~ereinb~fure cited
aud described In the list hereto append
ed. be allowed by the commonwealth OF
Virginia a. a credit upon. and that the
same be deducted from. the sum OF %
lA2.goI.t %. sscertained as aforesaid. TO
be the equitable proportion OF the Trin-
sipai OF the debt OF Virginia assumed
by the state OF West virginia. and that
the balance 80 sseertained. that Is to
say. the sum 81 t2.125.135.2S be. be ac-
cepted by the commonwealth OF Ntr-
ginia In fun settlement. both principal
and Interest. OF West Nirginia's pro-
portion OF the Virginia debt.
IL That. In the event the Virginia
Commission consent to the foregoing
proposition. then this commission viii
At once make a report Of the fact To the
accompanied with the recommendation
that the state OF West Virginia pay unto
the Commonwealth of Virginia the sum
OF S2.327.is5.2s In full settlement OF the
present controversy: and the governor
Of West Virginia will at once. pursuant
TO the terms Of the Joint resolution OF
the houses Of West Virginia legislature
establishing this commission. adopted
ON the 21st day OF 1918. con
Nene the legislature Of the state OF West
virginia. for the purpose OF adopting or
rejecting the foregoing proposition OF
this commission. and tcr the purpose. In
the event Of its adoption. Of providing
80 1870 1919 - hH' = IN
OF the amount so agreed upon.
III. That this proposition - made by
and shall In no way affect the right. or
Influence the action of the state of West
Virginia. in the event of SIS rejection
and future ensuing litigation.
~. BE IL further resolved. that the
Chairman OF this commission at once
transmit TO the Virginia Commission a
copy OF this resolution. with the appcn-
dix thereto. with the request that the
same be at once considered and acted
upon at an early day.
Classification of Credits.
The subcommittee In It's report sets.
out analysis OF the report OF the acs
which the subcommittee believe the
state OF West Virginia Is entitled. These
credits are divided into classes marked
from \ to q Inclusive. These are as
Class A.-Cash on hand
I'm the treasury in the state
Of Virginia on the FIRST day
Of January. lsGi.:........s 1.iO4.927.06.
chased by the state OF Viz
ginia by the common FUNDS
OF the two states prior 10
January 1861. unsold. stll
owned and unaccounted for
by the state OF Virginia. 275. 200. 90
Class C-Proceeds of
sales OF securities Of rail-
road and canal properties
purchased with common
funds Of the two states by
the State OF Virginia prior
to the first day of January
1861 and sold by the state
OF Virginia without the
knowledge or consent OF
West Virginia and without
Glass D-Interest on
loans and dividends on
stock accrued prior to Janu-
AIRY 1881 upon common in
vestments and collected
by the state OF Virginia
after January LIST. 1851
and stin u~naccouuted for. 1885 o9.2S
Glass E.-Bank stock
purchased by Virginia with
joint funds prior to Janu-
airy LIST. 1861 and In her
possession on that date. 3~.7io.O2o.0O
Glass F-Railroad stock
purchased by the state OF
Virginia out Of the com
mon fund of the two states
in various railroads.. prior
to the FIRST day or Janu-
airy. 1861 and sold by her
OF June. 1863 without the
knowledge or consent Of
West Virginia and FOR
which she has never ac-
class G-Secufities. in
| James River and Kanawha
90. 10000 shares. pur-
| chases with joint funds by
the state OF Virginia prior
subsequently, given way
without the knowledge or
consent OF West Virginia ~3.551.26917
Total .S20.si0.3579S
West virginia equity 235 g G.i95.1S4.S7
Less Northwestern bank
stock .S2iO.2OO 90
Fairmont band
stock ...... 100000 $50. goo. 90
Taxes md other money
! collected by Virginia Iu
West Virginia after June
20. 1853. ................$ 225.o7S.os
Balance net equity. ....s 4Ss5.ai21s
Result.
West NirEinia's share debts 5tS2. 5OT4G
Loss equity .............. 4NG5.3121N
2.s27.i95.2s
Subsequent TO the first day of Janu-
AIRY. 1851 has received as dividends aud
interest upon the securities and loans
l hereiubefure listed a sum Of ts.7S2.24o-
90. These items OF interest are set
forth In detail In the report Of the
commission.
In addition 10 the foregoing tho state
Of Virginia. after tho division OF tho
old C1mmonwe alth into the two states
/ collected large amounts Of money from
several counties then and nov located
in the state Of West Virginia. These
I amounts have not a. set been avcrr-
| tanned By the commission
p ACE