Minority Report of the Committee On Ways And Means to the House of Delegates 1853

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$58,800 00 From the above statement it is conclusive, that the condition of the Treasury justifies tlie proposed reduction ; and, indeed, other sources of revenue could be dispensed with without embarrassing or affecting the general policy of liquidating the debts of the State, and thereby relieve her people of the heavy burden of taxation, direct and indirect, which they have so long and so patiendy borne, but which they are unwilUng should be still imposed when the credit of the State is in s...o hpaithv a con- di.iui. — wijet) all hei resoiiices tne in iiiiC devt icpiiiei;i, diiougli the activity of her citizens, and when a large portion of her principal debt will not mature until the remote period of 1890, more than thirty years hence.
Again, is not the policy of keeping in the Treasury large sums of money questionable, when it is known, that the credit of a State as well as of an individual, is enhanced by immense pe- cuniary possessions ? With an overflowing Treasury, money in extravagant abundance, the market value of our stocks will greatly appreciate, and to invest our surplus revenue in them, by way of redemption or otherwise, will take from us large sums for premiums.


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