Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-01-16
GENERAL ASSEMBLY OF VIRGINIA,
HOUSE OF DELEGATES.

! They have passed the bills entitled
An act % revive the act entitled AN act nu,hoY,,;n.
ferry from the land OF John Brown in the county s H.
\ son, across the Ohio:'
An act sn1esing to the county Of Allegheny, par, Of
counties: VII" N'"""
Court OF Ohio: 'PS'''S
An act to authorize separate elections in IN. coun,
., Nicholas, and in each OF the counties of Gill;. aud
onongae; To change the place and the p.e f m.
village at the of justice for the county of Carraii
nc, incorporating kinsale Academy the county Of
| An act to ascertain the School opo,,. os J. &C..
/ York and Williamsburgn ' W '"''' N.Y.
Mt ShvIolitrID moved substitute for .tho bill 10
James River & ksnawha Comp,nv Wv vonas o. inc
monwcaltli." The substitute provides ,h,, d.. c .
repay me money ms soon Us practicable and TIA, no.
thing III the bill shall be construed 10 affect a., ,nai a.
rights and interest Of the State secured under the
executed by the Company, under the Of March 1870
ne ol and substitute were laid on the table, and order
The bill changing the time of holding the quarterly term,
OF the County Court OF Wayne, read a third time and
James Riper 4 Kana,cla Companv
MIR. ANDERSoN, from the Select COMMITTEE. ch,,t
with investigating the afairs OF the James River & K,n,
WINS Company reported in part and concluding with re-
solution, that the resolution Of the House reouesrs tho
resident OF that Company present to the Treasurer
Scrip for his signature Be reseindcd
Mr CRuTCHfIE.D explained that the Trensnre, M, ;
ing ue-e bonds would not in the least diminish the obsa
non resting upon the Sate and the interests the Conp,
10 bonds
Mr. TAYLOR thought that the resolution Of tbc t,.
ma been adopted with the view of nresting ,hes. bon.
OF the Company. w "e 'o"''fiS
Mr.. CKrrpHriELp replied tina, the Committee had made
n inquiry INTO all that relates TO guaranteed bonds and had
deliberately come 10 the resolution report.d ~
Mr. TAtIATERRo hoped MIR. TAI lor would Withdraw b;s
opposition The House would recolect tina, he and IN.
gentleman from Richmond. had opposed the resolution of
the House ON the ground, taken by the Committee
that the management of the Company Ind no ennncYio
whatever with the signing of these bonds-and thu, the Oh
legation OF the State could not be impaired by withholding
inc signature oi the Treasurer. The Committee find thai
s Is the TACT and thu; injury has resulted to the Gonna
ny and to Scnpolders, and they report unanimously thar
inc resolution ought To be rescinded.
Mr. ANDERSON urged the same views
mr. NLoR had received no moro information than he
au ~hen ne voted Tor the resolution; and he could not
lie over. ' '"' suojcc'hlSht
a long debate ensued, in which Mcssrs Toler cn,,ch
neId Anderson, VERIFY Randolph and Daniel of Richmond
urged the adoption of the Committees Rsport ana No.
TAYLOR and lIo!leman opposed it,
- Mr.. RANDoLfH had from his position on the Finance
committee, occasion TO look into the affairs of this Comna
ny, and To consider them in all their hearings nm
ON the finances of the State. lie had come to the
conclusion that 1t best rescind the resolution and
grant all that the Company asked Mt the hands Of ,bc
gisaiure lie made statement show that tins was the
pcs' policy The substance was this: That the Company
had outstanding i50000 sctp-to meet this ,hev b.d n
the loan authorized by the State $3.50 0O0the signing of
which 10y the Treasurer the subject OF the present
controversy. He would give them this signature which
was pledged and endorse 100000 to take up the
other $4,000 of scrip By pursuing this course and an
torizing the increase D tolls asked for the Comn,nv oulJ
receive all the tolls in money! be able TO renav
the January interest aud provide for all future iners
But IT the State stopped the issue OF bonds tive OO0
IN scrip would he receivable in tolls and receiving nothing
but their scrip, they would unable 10 nav The nter
est on thcsiebt for than two years-for which the
State would haze to provide own treasury The
question then simply, whether the State should sign
these bonds and give the further endorsement of 90 600
pay the 100000 in actual money to meet the interest
ON the Companys debt In these times Mr. r. could not
hesitate what pursue lie therefore would respoud
he distinctly be understood that would be upon
the condition, that the State should take It's hands the
election OF the officers and the Of the conrens
Of the Company.
Mr.. HoLLENAN deemed but Just and proper that the
Treasurer should retain enough OF bond, TO
save the State harmless OF paying the interest on
the debt of the Company. To accomplish this end he
moved the following substitute for the resolution of the
Committee
ResOred, by the General Assembly, That the Trea-n.
of the Commonwealth be instructed TO withhold his sic
from many of the bonds the James River and
kanawha Company, which be guaranteed by the
State as may be equal in the sum which the
Commonwealth may be required pay account Of in
1913.
Mr.. DANIEL very strongly reprobatcd this proposition
Its morality and Justice he commended could not be defend
ed IL was te game OF grab, which unworthy of the
Commonwealth The Treasurer could come into posses
sion of the bonds only for the purpose of signing them Ac
cordng To the law and 10 rcnin them would be in bad
faith, and Mr. D. earnestly hoped the House would never
give its sanction TO such proceeding.
Mr. TAIArrERn suggested that the hour was late and
the proposition OF Mr. oleman required consideration il
would be better TO lay the subject another day; which
accordingly done
Mr. LEFrwIcH offered resolution requiring the Commit
tee of Courts to bring in forthwith bill empower the
Speaker Of either House issue witnesses to
appear and give testimony before committee Of either
/ House, under penalty &c.-agreed TO.
The Finance report taken up moved TO be made
/ the special order for Monday.
Mr. DANIEL suggested more distant day. and gave a.
that the Stockholders Of the Virginia Bank had A.
doped resolution making important proposition TO the
Legislature and before could be presented the Directors
who meet Tuesday next, would have upon it
He read the resolution of the Stockholders follows
Resolrsd, That the Board Of Directors of the Mother
Bank take into consideration the propney of making the
following proposition To the Legislature, with such modii.
cations the Board may deem expedent viz To receive
from the State $500 shares of the Bank of Va
and pay over TO them 5000 shares the amount of the ub
scrption the James r. & Kanawha Company and 1885,
000 in the of the Bank in the following manner
$4,000 LIST Of May, S5OOOO 1sr Of June, $4,000 let
July, $4,000 LIST August, $4,000 LIST September $50
! 900 lst October. and $4,000 LIST November
Mr.. RANDOLPH remarked that the Finance Report only
settled general principles and could have bearing upon
! the proposition from the Bank.
Mr.. DANIEL thereupon Withdrew his objection and the
! Report made the order fur Monday.
! RESOLUTIONS.
By Mr.. SrRormR--That the Committee of Cour,s IN
qurc into the eGpedency Of 50 amending the concern
the county and other Courts M % provide that
any three Justices may constitute Court instead of four
except in cases, where great number may be by any
/ directed.
| BY Mr.. BlrcE-Thst the Committee of Courts inquire
into the eNpedioncy Of providing 10y law limitation the
right of action IN favour against assgnors upon
I bonds for the payment Of money.
By Mr. STovALr-That and after the fret day Of Re.
brnnry next the hour of meeting Of this House shall be
O'Clock for the remainder Of the session. unless other
wise directed By the Horse.
| Laid on the table, on motion Of Mr. HorKiSs
PETITIONS.
By Mr. Brawner Of citizens Of Prince William for
Precinct Election at Independent Hill; by Mr. Cntz of the
officers Of l5Gili Regiment by Mr.. Anderson remon.
Of citzenso Of Prince Edward agans changing the
time Of holding Courts Of said county.
The House adjourned.