Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-02-12
GENERAL ASSEMBLY OF VIRGIN,

GENERAL ASSEMBLY OF vIRGyyr,
HOUSE OF DELEGATES THURSDAY. Fen, ~
On motion Of Mr.. Faulkner, the eng,o.,.,
Bill authorisins a loan Of half million Of doIi,'
to be subscribed to the Stock Of the Ches,,o,l'
and Ohio Canal Company, was taken up.
Mr FAuLKNER remarked, that he had be.,
auested by some intelligent friends Of the RH
from the East to append to it an amepdn...,
which could only now be done by ryd,r
afforded him pleasure to comply with tina, i. ;"
ouest. He was gratified at the interest wh;',
they had manifested in the enterprise, and fsr
nratefu, for any suggestion which would rsDd''
the bill more acceptable to the House. n, =
then explained. at some length, the ubiec, Of ~.
amendment proposed. 1t was to give to ,Ss
State the benefit of any advance upon that S,o,I
which was created BY the Bill. That The S,a't
would command a premium, he had no doub,
1t was but right that such premium should % in
to the public Treasury. The amendment n,a
posed to do that ia Effect, which was yery coM
mon in the Northern States, where such SINH
was more frequently created. There they ws,.
in the habit OF exacting bonus equivalent 70 II,
supposed advance on the Stock. In the pre,.,,
case, the bill required no bonus-but tie ryd,,
gives to the State the benefit Of that ad,iue,
| aha,ever it may be.
Mr.. FAULKNER then presented the folloajus
Ryder:
| Bel further enacted, That the Treasurer h.
and he hereby is authorised and required if n.
certificates, directed by this act to be deliyered
the Treasurer, or other proper agent OF the Che.
sapeake aud Ohio Canal Company, can be .uu
at premium, or above their par value, TO sell
the same for the best price to be had, after ,dyer
Using the time and place of sale for six week,
in such newspapers as he may think expedeu,:
and pay to the Treasurer, or other proper officer
Of said Company. so much money as may be du.
and PAYABLE on account Of the subscription Of the
to the provisions Of this act; and pay the balance
internal improvement
Which was read frs, and second time, an!
ordered to be engrossed with the Bill.
The question then recurring upon the 6n,I
passage Of the Bill and Ryder
1t was opposed by Mr.. DlcKERsov and sup.
ported by Mr.. Faulkner. The question va,
then taken by Ayes and Noes, and decided a.
follows-Ayes 5O-Noes 81. So the bill va,
rejected.
On the 9Th, Mn. CHARLE1 ON, stating thst he
was one Of the maturity, who voted Yesterday re.
jec,ing the bill authorizing subscription BY the
State Of Virginia, to the Stock Of the Chesapelk.
and Ohio Canal Company. now moved ecOn.
sideration of that vote. He did so, understand.
ing that the friends Of that measure, would pro-
pose some modification 10 the bill, which would
render it mUre acceptable to the House.
Mr.. FAULKNER expressed himself highly gl
titled, with the motion Of the gentleman from
Montgomery. He hoped it would be the plea
sure Of the House, to reconsider the vote Of ys.
terday, and afford the friends Of that enterprise
an opportunity OF presenting the bill upon mOrs
acceptable footing to the consideration OF III.
House. Many objected to the bill. on aceOuD.
of the magnitude Of the sum. He now proposed
to reduce the amount asked for. The bill, in Ii.
shape IN which it was presented, had received
very Hattering vote. 1t afforded him pleasure
to observe the liberal and generous support, which
it had received from the East. twas to him
source of regret. to find that it had encountered
50 many opponents 10 the West-in that portion
Of the West too, where its benefits would be mot
sensrbly felt. It was an enterprise Of deep and
vital interest to the VaIley-to the Potomac
counties-to the entire North Western secOn VI
the State. 1t was scheme, worthy OF the gene
rous protection Of the State, and he holedH
would receive it,
The question upon the re consideration, was
carried in the aftirmative-Ayes "a Noes ST.
Mn FAULKNER. then moved to reconsider The
engrossnent Of the bill. which being also carr
ed in the affirmative-Ayes 56-Noes Sj-h
further moved to strike out 5000 shares f'"n ne
bill, and insert $500. which was carried. lie
gave notice, that he would call up the consId'fa'
ton of the bill at as early day. as practicable
RICHMOND. February The CALICO MlI''
owned by MR.. ChevaIlie, were enllre, destroy