Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1829-02-03

+, Treasury, but we differ to the mode. But
consider this bill an anomaly You first render
security unnecessary, and yet require the Trea-
surer 70 give bond in the penalty of half million.
This ia unjust to the Treasurer. Bat my great
objection to the BILL is the Inconvenience which
will result from it 10 people living at distance
from Richmond. The gentlemJa says, there is no
public stable, the stranger, then, at his ex-
pense, must find prindte stable for his cavalry.
The gentleman says, the person holding a check,
SC. may readily get the money for il in Richmond.
So the stranger must about the town 10 solicit
strangers 70 afford him that which is due from the
public. This is imposing too much upon strangers.
but wish 10 know what the hay million is
tor!-l am AZ great friend 10 the public security
as the gentleman from Petersburg. He says, all
the money must notc be deposited in Bank But
by this bill the Treasurer will not be able TO with
draw any oft. Why, then, require such securi-
ty' have great confidence in the present Trea-
surer; but will not be like sore gentlemen, all
confidence day and none the next. l would
be in favor Of bill which should allow the Trea-
surer to keep on hand some money, say $500 at
least, for the convenience Of people living at a
distan-e, &C..
Mr. Duncan withdrew his motion to postpone,
that the question might be taken upon the passage
ri the bill. Gentlemen will recollcct, said Mr..
d., that the charter OF the Bank Of Virginia will
expire in about three years; now, would inquire,
II this Bank should not be re-chartere, what is to
become Of the public money, which, according to
this bill, is to be deposited in the Farmers and
Virginia banks!
Mr.. May repled-If the Assembly shall refuse
to extend the charter of the Bank of Virginia, l
hope that the gentleman from Amherst, (Mr. Dun
CAM or some one like him, will he here aRd take
| care TO provide, that all the public money shall
be deposited in the Farmers Bank of Virginia.
MIR. Bryce replied TO Mr.. Mayo's argument in
relation to the Inconvenience, SC. which would
result from the bill, that there weight in IL;
and that he understood the principal objection of
the gentleman amounted to this, that The bill (re-
quiring bond and security to a large amount when
the Treasurer could never handle dollar Of
the public money! proposed TO make assurance
doubiy sure He asked, if the gentleman himself,
would object TO take bond with security in dou-
bic the amount, in addition to deed of trust al
ready given TO secure the same debit
Mr. Dice called for the ayes and noes, and they
were ordered.-The vote stood thus: for the bill
rs; against il IL.
Various bills passed through their incipient sta
ges.
Mr. White Of Rockbrdge, from the Committee
OF Roads and Internal Navigation, presented ve-
ry interesting bill, providing for certain loans Of
money for purposes Of Internal Improvement, and
making appropriations thereof" which was order
| ed TO be printed.
We present the following Sketch and extracts
| Tor the information Of our readers:
The first section authorises the Treasurer, I'M
der the controul of the Executive, TO obtain such
loans OF money from time to time, may be want
ing for the several purposes specified in said bill,
at p rate of interest not exceeding per cent.
The second section pledges the faith Of the STATE
| to provide sufficient funds for the punctuai paw
rnent OF the interest and the final redemption oil
the principal; in addition TO any surplus which
may remain unemployed from the fund for Inter.
| nal improvement, Sc.
The third section appropria.es of the money Il
be borrowed, the sum of --- dollars, to the
improvement of James River, and Jackson's river
from Coyington to the mouth Of the Cowpasurr
by locks and dams with short canals, or in any O.
tb..r, u L Al =
ent, and TO such Improvements and repairs in Ca
7 mails and locks now - use, the construction oil
such new locks, as the President and Directors o
the James River Company may find necessary o,
advisable. The said works to be carried on by
Commissioner to be appointed by that COMPANY
and called the Commissioner of the James s. Jack
son 5 Rivers. The manner of controlling his ope
ratons, and particularly the disbursement of mo
ney, is specifically laid down in the bill.
/ The 4th section is as follows:
l Be it further enacted That the Treasurer of tn
Commonwealth be, and he is hereby authorize,
and required for, and in behalf of the State o
Virginia, to subscribe for fonr thousand shares i,
the chesapeake and Ohio Canal Company, to b,
paid for accord ng % the terms prescribed in thu
| charter Of said Company, and that - dollars
part OF the sum directed to be borrowed in the Is
section OF this act, be, and the is hereby APP
propriated 10 pay for the same-and that the Urea
sirer is hereby authorized and required to vote il
person. or by proxy, in behalf of the State, salt
stock, at all elections and TO represent the state in
terest at all meetings of said company.
Sec .. BE it further enacted, That so soon a
an act shall be passed by the Congress of the u
States, Incorporating company for making late
raj canal 10 extend boat navigation from the Che
sapeake and Ohio Canal at some point in the Dis
trct OF Columbia, to the town of Alexandria in sale
4 District, and the books shall be opened for sub
scrption TO the stock thereof 1t shall he the dut,
OF the Treasurer, and he is hereby authorized AM
required to subscribe, for and in behalf Of the state
for stock therein, to the value Of dollars, Il
be paid in like time and manner as other stock hol
ders may be required TO pay bv the charter OF sale
company. And that - doiars, part OF tn,
sum to be borrowed under the first section of thi
4 act, be, and the same is hereby appropriated to
meet the instruments and pay for the stock so TO be
subscribed for. And the Treasurer il hereby au.
thorsed and required TO VOTE in behalf of the state
at all elections, and represent the interests Of tn
state, in all meetings of said company.
See. 6. BE it further enacted, That the Urea
u surer Of the Commonwe ali be, and he is hereb,
authorized and required so soon as he shall he FIJI
ly satisfied that one half OF the sum which may b.
t deemed requisite for the Improvement of the ma
vigation Of the RaPpahannock River and its bran
ches, shall have been subscribed and secured b,
individuals to subscribe in behalf of the Common
wealth, for an equal amount of stock in said com
pany formed for that purposes Provided, hoDere,
that the subscription TO be made shall in no cas-
exceed the sum Of sixty thousand dollars
Sec. z. find DC it further enacted, That In
sum OF - dollars, Of the money herein directe
to be borrowed, shall be appropriated and apple
to the construction Of Turnpike Road from Rich
nond to Parkersburg, and from Winchester to tn
, same Point.
:. On Mr.. BOisseaus motion, the House adjourn
ed till Monday, III o'clock.
Il YEsrERDAY.--On motion of Mr.. Mason o
> Frederick. leave pivpn N hriuQ in n I'm