Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1843-01-07

referred 10 Tie aint committee on reirenchment-and
he intenrd 10 vote for independent resou ion, in
GLIDING The Substance Of the amendments.
| h!r. M.H1IS called .or .te ayes ard The re
solution aninrd carried by tic following vote
.iyeS : Mtssrs i"liemnn, (Spsakcr,) Rindolph
Mann, Brooke, Frazer, Byrd Of Bath, Snodsrass,
Wilson, l'ven'irr, Stanton, Meredith, BIlck, liubad
Nowi;a, Lacy, DsnHis, Hancock, Goodwin Brown
Of Elz'br!h c'y and Warwick, Garnet, Powell o.
FaIfiax, Saith of FerqGicr, Rust, Stockton Payne
Dtskins Muse, Tailaerro, Wood, Byrd Of Frederick
French, L"ake Of Goocband, Carroll, Calweil, Ed
munds Of Halifax, S'"vall, Blue Ward, Basel, Smith
oil HARRISON, Bowden Parks, Davis Of King and Queen
Wallace, Iiawrs, Gibson, Gray, Miller Of Loudoun,
Jackson, JIsg'is, Warrington, Tnnzey, Wade, Dyche,
Smith Of Hansemond, Cateli, Taylor, Ta'eu, Rice,
Oliver, Edgngton, S;role Cr!z, Bird OF Pendielon,
Bennett, Talr'an. Hopkins, Bra"n If Preston, Dey
Daniel al Prince George. nrawner, Sturm, Moore .!
Rocsbr'dee, DenealP, Cooes Cowan Kane, Gate
wood Tar, Spark, Hedgmnn, Warren, SPOTS, West,
Henry, Goodson, Neal, and Leltwtch.-!2
Woes hlessrs. Cooke, Powell of Amherst, Wing
field, Mitchell, Newk,k Bccock, Moore of Cabell and
Wayne, Toler, Samuel, BroGdus, Jones, NlcRae, Gs
mond, Stolings Carter Jackson, Davis CT Orange and
Greene, Keen Anderson, Stroller, Bnrwel, hte oil
| Rockb'dge, Walker, and l.ewis-.G
On motion Of Mr. PARKS, the order OF the day was
read. viz
"Whereas. memorial has been presented TO the &c
|
and kana~ha Company, representing that for reasons
therein stated, lie Company vii! be unable 10 pay Tue
interest Inch viii become due on the frs, day OF ia
nuary next, upon the bonds issued by said Com 2any
and guaranteed by Tie State, under the provisions o.
the act passed d day Of March, 1889, and requesting
that the Legislature will advance said interest, upon
condition Of as speedy reimbursement as practicable
ty he Company; and whereas the faith al the State
has been pledged for the payment of the Interest
aforesaid,
"Rssoiecd, That lie Committee Of Finance be in
siructcd forthwith to consider of, and report 10 this
House tie best mode of making speedy provision to-
the payment 81 the ueres. OF tie debt aforesaid witl
view to preserve nyioate the faith aud credit oil The
State"
Mr.. PARKS sustained The resolution al length. fIt
said the State had made two contracts, with the
James River and Kannwha Company and another will
The holders of the bonds In the contract between thu
State and the company, the whole property is 6oune
primarily for the payment of the interest OF the bonds
In the contract between the State and the holders OF thu
bonds the State is bound FOR the punctua payment o
the interest on tue bords lie illustrated his position
BY the case OF an endorsed note payable at bank. Thu
bank looks at the security, and is not bound by an,
private agreement between the drawer and endorser
We ought not TO disgrace TIE honor of the State b.
cav,in9 about mere technically.
Mir RaNnoLrH said this is plain, sin; lie matter o
tact question lie read the bond, with the guarantee
as follows: