Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-12

the expedicncy of repeating the provi<o contained in
the act s'to amend the act entitled act to provide for
the construction of the North western Turnpike Road
! passed January %, 1889
| The cngrossed bill ''to incorporate the Dutoy and
Powlis;an Coal Companies taken up and read; and
the question being about 10 be put, Mr. GooDE rose
to object the bill and stated that he wished 10 know
how far the Legislature intended to depart from the prn-
cplrs which they formerly accustomed to act
III regard TO charters He therefore called for the ayes
J and noes
This motion gave rise to debate, in which
Mrssrs. YERHY, SMrTu of l. Of W., WILSON, DogMAN
and May participated, and in which the proprcty Of
granting acts of Incorporation and for what purposes
was briefly touched. But on Mr.. MAYS motion, the
bill was for the present laid on the table
| Petitions prcScntcd-By MIR. McCoNSELL, from
J. McNlnrrav and others for law to incorporate the
town of Triadcphia in Ohio-By Mr.. BAKER, from
citizens of Frederick county, for an additional precinct
ecction.-By Mr.. ToLEE from the executor of VIM
Pankcy, for act authorizing HIM to sell tract OF
land.-By Mr.. CARROLL of F.. from John Briggs TO be
released from fine assessed against him by Preston
Court.-By Mr.. BYRD, from Obcd Waite and others o..
Winchester, for amending its cIarter.-By Mir GRAF
FORD, from large portion of the citizens OF Elizabeth
City county, demonstrating against law passed at the
last session. changing the mode of appointing trustees
to the Hampton Academy, and praying its rcpcal-By
Mr.. BuRwELL, from sundry citizens of Bedford, Camp
BELL Franklin and Floyd, praying the incorporation OF
Joint stock company, for the purpose of constructing
graded or dirt turnpike company, commencing at New
London, and terminating the top OF the Blue Ridge
at Daniels Run, in the county of Floyd
Mr. DoRMaN, according TO promise, called up Mr.
Tolcrs resolution, requiring the James River and ka-
nawha Company to make further contracts for the
prosecution of that work above the town of Lynch
burg under the present circumstances; and nstrncng
the proxy of the State to vote in the General Meetings
of the Stockholders against entering into any new con-
tracts be paid in the scrip of the company, until the
| current price ofthc scrip shall be AT par.
| This subject gave To some debate, in which
cssrs Tolcr and May supported, and hessrs Dorman
Venablc, Robertson and Bayly opposed it.
! 1t was commended, on behalf of the resolution, that
the finances of the Commonwealth did not, at this time,
Justify such extension, when the Scrip OF the
| Company is selling low ten fifteen per
mad" to show, that contracts had already been
made the most advantageous terms, and lower
than they had been previously taken. They show
ed why it that the company, among others, had
gone on TO make contracts above Lynchburg; that
the Improvement between Richmond and Lynchburg
would be completed i'll few weeks; and III consequence,
many of the contractors that lInc with their hands,
c. at command, at liberty to make new engage
ments above Lynclburg. 1t also contcndrd, that
in the present state of the money market, labor would
be low, and the work might be done the cheapest
terms.
Mr. ToLER then said the question was, whether the
work should be- stopped next year at Lynchburg, or at
the North River for the state of the monetary
world, no supposed that we could raise the funds
necessary to carry it above the North River He said
! il was notorious that the scrip of the Company was
considerably below par, and that all the contracts made
in that medium, must be- made al great disadvantage
! Mr. BAYLY opposed to the resolution. He con-
tended that il not in the power Of the Legislature
TO determine whether II not dIsadvantagcous
for the Company 10 undertake such contract at this
time; and hi opposed I" the Legislature 'surpng
this control IN summary manner over Jo'nt stock
company when the private interests of individual stock
\ hold wrrp mi T. la
To arrcsnr the work and he undertook TO predict that
if we now stopped it at Lynchburg, we should never
see delegate from Campbell III favor Of It's extension
Mr. May SAID the object the resolution was not 10
stop the work. the making of contracts; but 10 pre-
vent them from making contracts al such sacrifice
that the scrip had been sold at the Coffee House AT be-
tween II and - per cent and hat too payable IN Bank
notes which were themselves selling at : per cent.
He advocated, al all events delay even Tor few
weeks, until could obtain money on better terms,
and before we would allow emission of dcpreci
! atinT scrip.
The debate was still further prosecuted by Nr Dor
man considerable length; and concluded with call
/ for the ayes and noes.
Mr. SNITH of Isle of Wight assigned his reasons for
voting for the resolution
Mr. GREGORY spoke in opposition to II.
| The argument was further maintained by Messrs
VrS,RLE RoEERTsoS and SMITH of |. of w. And,
taking the question: the resolution was rejected,
ayes :}5, noes 81, by the following vote
.7ws-Messrs. Burwcll of B., Mitchell, Meredith,
Toler Fox, Coleman CardwclI, Broadus, Roane, Pow
ell, Howell Butts, Clarke of H.. White, Smith of ].
of W, Wright, Fontainr, Ramcy, Orgain, Banks,
Taylor of NJ. & NJ, Baskerville, Goodc, Fitzgerald,
Hdrn May, Heath, Racliiii, Smith Of Rockingham,
CULLEN, Ridley, Clarke of surry, rrincc-33
.mys-AIrssrs Gilmcr, Speaker Bayly, Cropper,
sou;ha, Carpenter Wood, CabeIl, NJ Cue, Stuart,
Lockridgc, Myers of B., Hunter, Hannah, Jackson Of
b. x j. NJ MILAN, Kyle, Flood, 1hornburg, Corbin,
Cox, Burwell of c. II W., Wilson, Whitworh, Graf
ford, Marshall Scott Of fauQuier, Anderson, Payne,
Hale Baker, Byrd, King, Carroll of Grayson, Taylor
of Halifax Gibson, Allen of H., Seymour, Lee Arm
strong, M'Rac, HAMLET, Gregory, Worthingon, Ken
nedy Reynolds, 'rayoe Of X. g., Tayoe of l.. X R.,
Ewing, Lawson, Beard, Harrison, Smith of Mason and
Jackson, Clayton Evans, Chapman, Wade ofM and P,
Myers of Morgan, Nassic Ign of ~, Watts VERIFY,
Hudnall, M'Conncll, Alcshire, Staples, liincr, run
STALL Keen, Tallman, Carroll of Preston, Fcnablc, Ro
bcrrs, Sturm, Walden, Robertson, Snyder, Lcyburn
Dorman, Shpman, Smith Of Russell Conn, Bare
Grcvcr, Crutchield, Ftzhugh, SPOTS, Stephenson
Goodscn, Walker, Jackson Of W, Stanger-9l.
On Mr.. LEES motion, the House adjourned.