The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-08-20
VIRGINIA DEBT.

martiy. on the part % West virginia
would BE- upon the different classes.
from A 90 q inclusive. contained ~
the proposition made by the West
Virginia Debt Commission % the VIZ
Einia Debt CommissIun IN the city OF
Washington on March tth. 1914
n IL important 90 note that under
these various CLASSES 81 equities the
state OF West Virginia the sug-
gestive opinion OF the Supreme court
% the United States OF March. 1911
is entitled TO credit OF 1916 per cent
Hil1an First Witness
Conrad W Hillman was the FIRST
witness called and testified that he
was a public accountant by profess
sion. that he resided In the city OF
Evanston. III. and was president Of
the Mutual Audit Company Cover
inE his experience az public ac-
countant and 20 show that he was an
expert In his line % work. Mr. HIN
man testified that he had been en-
ployed In railroad rate cases In the
states OF Minnesota. Alabama. F1orl-
da. North Carolina. Indiana. Ohio.
New Jersey. Missouri. Arkansas and
North ara scrh fraAota. asd m dofns
audit work. outside 81 rate cases. for
various states and cities Re also
testified that he had been employed
By tho state Of West Virginia in "a
2-cent passenger rate case
Glass A-"showing cash bon the
hands 81 the treasurer OF the COM
monWoalth OF Virginia Co the credit
Of various funds on January Iet. 1861.
Was the first item inquired into. and
the witness testified as of that date
the NNHnHmHU III
81 S23.9s5.ls board % public work
Sb.e6s Is. commonwealth fun
&2h2. sf2.6I sinking fund Fs.g ro
1861 fsto.25O0s. making a total az
ti.1O2. 036l6
The amount contained In class 90,
the proposition submitted by tba
West Virginia commission 20 tho Viz.
ginia commission was SI.I04q1r
Based on Investigations
Mr. Hillman stated that be- h1as1
his testimony upon iuvrsuerron
made by him % the Journals ana
ledEers in the offices 90 tho auditor
and treasurer of me state of Mir
Einia
CLASS II vac next taken ur showing
stocks purchased by tho STAT. rf Ktr.
Einia with tho common fund uf elmo
two state prior to January r. 1851
which is now and bad been rr..- ,e
and since that time owned Nv -a
state OF NirEIrn.
Nr Hiliman introduced ID ..4f.r..-,
o. defendants exhibit 40 .aNr4
inF the holdings of frH Stat. .f I..
ginia in the Richmond Frefrr..ssr...
A Potomac Railroad as rft tho rr.f f..
~ January 1851 and frr.r book ..r
ues on the dates mentioned ra H-..r..
beinF ohfoirnhir FOR thr exact Ga... ..
January D. fs.I
The vs'usta-
lhis statement disclose. ..r fact
that me stock chat vac hold .r fra
hrst daf 0f January 1861. and IL. -rr
being hrli hE fHe State 10 I.-..-..
vas t-I... rHHr...-..rH
shares chat it par FaI.. a. .. T.r..
airy T. 1851 was $50 rr..ra r ....H
valuation 90 fris 1esrf aa rf trst f..a
% ttI2s'0. chat from $3.50 fr ....
Inclusive. on "a capital .fr.s NJ q. #..
600. dividend .H cash V.. r..a ..
she state OF N.-r.HH .f ... ....
that ir 1854 dividend do "A. ...
cent vas paid. ""f tNHf ...H. a....
paid in bonds .rr ..r. .H.s ..
1888 there were paid .n bonds ... -..
cent ln .N.. OBJ. .Hr.frT.r-f..r .
raised fo h..'.... h.. #r.....
paid In dividend rr afH.s r- Ii. bond.
in lN.'.60 mo capitalization ara r-...r
20 tlofa.In0 and rrr .a.f ara bad
in bonds i1 1851 rr # ...faI..-...
~ fiflff'0 There was. H M. ... ....
dividend which vas r. ...r .-.H
1873. in fsF1 rr r .-...4........ =.