Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1822-02-21
HIRGLNIa LEGISssJyJnE

PROCEEDINGS OF THE HOUSE OF DELEGATES.
.aonddy, Feb. IA communication from
the Senate, stated that they had passed the
DIS, " Tor paying the officers of the General
Assembly"-to amend the act incorporat
ing the town of Warrenton in the county OF
rauq''ler -" Incorporating literary aa,l
library company in the town of Lynchburg, "
-ahd TO amend the act " concerning the Pc
tonlac company"
An engrossed bill authorizing William
Wood to erecta toll bridge across tie Rivan-
ma river was read the Sd time and passed.
"A bill changing the time of holding spnrinr
courts OF law for the counties If Hanpsllir,.
ana Hardy was on motion of Rlr. Hooe of
+. w. postponed till the 3lst of March
me rest of this days sitting was occupied
with the election ofsuperntendent ofthe Peni-
tentiary, &c. as stated in our last.
tuesday, FEB. ia communication from
the Senate, that they had passed the hill
changing the time of holding the Superior
courts oil law for the county of franklin -
also with amendments the bill concerning
| the inspection of tobacco" This amend
ment was, on motion of Mr.. Palteson OF
Buckingham, laid upon the table.
INTERNAL IMPROVEMENT.
An interesting report of the Committee Of
Roads and Internal Navigation was taken UP,
on MT. LovclIs motion, and read us follows
lhe Committee of Roads and Internal Navigation
70 whom was referred the annual report of the Board
oil "''c works. have, according 10 order, had the
same under Their consideration, aud respectfully sub
mil the following report:
ionr commi,tce perceive with much qualification
'hat Tie gradual increase of the fund for Inlernal I'm,
provement, since the period of its organizations down
| 10 the present time, has justified the most sanauinc
expectations of the Legislature and They believe
INA! nus i"na founded in wisdom, and jnsfcdby ex
Perlencc, VIII be sufficient within few ea,s under
correct management to the acconpI i-InIent az ..ye
ry desirable object of Improvement within The com
| monweah But whilst they present this fauerno
account OF that institution 10 the Legislature, the,
respectfully ask lis attention To The fact it cearI
me whole, ar perhaps the whole of the revenue O.
ibat fund is derived from the stocks held v Tie fun,
III the time OF lis creation and at little has cfun,
10 u IRON the stocks which have been Subscribed fD
ana purchased out Of The annual rrvcmne. You
committee believe that these stocks have been rem
dered unprohiable, principally Ivy the operation %
hat part oil the l2tll section OF the creating tu,
Tor internal Improvement, which prescri,es ,l, ih,
dividends on The stock which may lie subscribed -,
| The president and directors of the Board Of Pablo
works, sli 60 exclusively other stscr ct,s l,
| tne commonwealth, until such portion Of tIic stock o
those cibers shall have been Actually paid in
| s''h nave netted to them six per cent per amnun
from the specified time of such pivnent" This sec
non oil the act whilst II holds bride TO spccuI
ton and ararice to engage in undertakings not prof
ttDle 10 the commonwealth, m,Is operate IN all im
as perpetual barrier 10 such an increase of The fun,
as ought reasonably TO he expected. Individual
who aic about embark ~ any work of public in,
1 proyement, IN calculating upon its probable profits
WIZ have regard only the tlrce-ffihs held ~,
themselves, and fte be derived from tiI.
whole stock including the two-fs USUALLY suscrll,
ed Tor by tue ate, is thought be sucen. fo, fis
payment oil reasonable interest n,,ou the other t,rea
hiths, the project will generally be undertaken with
ou' any regard TO the Interests Of the commonwealth,
which VIII often he left without one dollar of accru
| ing interest upon her capital Interested
Under the present law fOr the Improvement of tie
James nnn kanhwla rivers and for Uniting the Eas
/ tern aud Western waters the Jamcs River Cunu,au,
are required TO apply their surplus funds togrile
WIN That )ari OF the fund for Internal Improvement
appropriated la he payment of interest Is liicl, sti
remain undiawu, 10 tie purchasing fccci tidcaics
iodn ol Tie company. Ey the reports which liav,
been made upon that subject il will appcar tl,u N,
certificates of james river loan are offered fof sale
aud tins pat of tie fund remains unproductyc You
i CSommi'tec would recommend that the LINES River
Company be authorized by law To invest tina fund IL
some productive stock until IL bc wanted for the pay
| ment OF interest on james river loans.
" appears also to your committee from the repor
O the NJ onon Iali9 navigation cotnpanv IN which III,
Board Of Public Works have subscribed two hfths o
Tic StOck, that during thc past simmer tcv have
been engaged IN building mills Your committee hc
licve That y never was the intention of the Lrgisa
4 lure, that iic fund for Iutcrnal Improvement Shouts
he so applied but regard II A. an improper diversio
Of tic fund from the objects Tor which il wns create,
Il ReSofred therefore, that much OF the 18th secfo
OF iIe nci creating fand for 1acrual Improvements
rs prescrlbcs That the dividends on tile Stock wic
may e sulscI bed ly the President aud Directors
The Board Of Public Works snll GO exclusively {
other subscribers than The commonwealth until sue
portion Of the stock of those subscribers rs sha
have been actually paid in, shall hive Melted 10 the,
= SIX per cent per aHnurn from the specified time
: such payments" shall he modified or repealed
> Ecsoirsf that the James River Company be y,
. tborizcd Ivy laV 90 invest their Surplus income an
I she annual appropriation from tie fmi Tor ntern
Improvement appropriated for the redemption Of n
D certificates Of James river Ioane in some DFodncii,
1 funds an'iI they may he wanfd Tor tie PAYMENT
f.ff flt~ ~
y until oppcrnny offers Ioi Investing them as pr
i scrited bylaw