Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-03-03

Rockingham. ,Y,sa "A.
iourned until tomorrow morning al iO ocioch'
FRIDAY, FEB'Y 81, 1916.
In The Senate on Friday, 9th February lhs
day was spent in debating the hichmonu anu
York Town Rail Road bill. They were discuss
ing this bill al late hour last evening.
HOUSE OF DELEGATES.
A communication was received from The sen
ale informing the House that The Senate mao
passed The bills entitled An act dlreclinS 'ne
BOARD of Public Works to sell the Portsmouth
and Roanoke Rail Road and Incorporating The
purchasers thereof by the name OF the SeaboaId
and Portsmouth Rail Road Company" WIN
amendments. The amendments were agreed tc
by the House. oy,rr
Rcsolpcd by the Senate and House OF Delegates
Tha, hereafter the Register oil The Land Oinee
shall be ex.oticio member OF Inc boafu VI W.
lie Works.
On motion OF Mr. BROADUS,
Res0lred by the General Assembly, That the
Treasurer be and he is hereby authorised and re-
ouired 10 invest in Virginia six per cent stock
or in bonds having The guarantee OIL Inc STATE
bearing an interest al six per cent, as ne may
think best, The money now in his hands uninVest'
ed or which he may hereafter receive as Ireasu'
rer of the Commonwealth in trust Tor the benet
of the Cincinnati Society.
On motion OF Mr. LYONS,
Rcso,red, That leave be given TO bring in bill
TO incorporate Company 10 remove the bar in
James River, between The City OF Richmond and
Bermuda Hundred and that Messrs. Lyons
Bocock, Toer Souhal, Broadus and Baldwin
prepare and bring in The same.
Mr.. SOUTHALL, from The Committee Of
Conference, presented report; which was read
The Committee recommend that the House re-
cede from It's disagreement 10 The Senate's amend
mens, and pass bill for The redemption Of S45,-
67G 6G OF public debt now due. II the holders
OF The six per cent stock prefer TO take five per
cent stock, rather than the money in payment,
then the five per cent. stock is TO be issued to
them, and The readiness Of the Stale TO redeem
The amount oil i six per cent. issue OF 100000
dollars made in 1924 redeemable al the pleasure
Of The Legislature, is 10 be advertised 10 holders
thereof, in order that the holders of this amount
may accept the issue of FIVE per cent sock in
lieu OF the six per cent. stock.
MIR. SOUTI1ALL moved that The House agree
with The report of the Committee.
Mr.. HARVlE. opposed The motion. He con-
ceived that there was no necessity 10 resort 10
taxation in order 10 meet the several amounts of
the public debt as they might fall due. The avail
able means OF The State were more than sufficient
10 iquidae the entire debt Of the State. The pay
menl OF The debt was mere pretext the true OBJ
ecI being 10 create a surplus in the treasury Tor
the purpose ot exlravagant appropriations. He
characterized The report of the Committee as
monslrous absurd and preposlerous. Their plan
for liquidating the public debt was visionary and
impracicable
Mr.. SOUTHALL was willing 10 abide by the
decision OF The majority OF both Houses, as 10 the
true character oflhc report and OF the Committee.
The Senate was invested by the Constitution with
the same authority with the House OF Delegates
on this subject, and their opinions were entitled
10 respect He could not sanction The sentiment
that a public debt was public blessing
The policy OF the gentleman from Amelia was
I TO reduce the laxes-lhe Senate not having pro
posed 10 increase them but 10 retain them al The
present rates. There was no complaint OF The
burdens oftaxaion. The proposed reduction Of
the taxes would, in The aggregate, amount TO
$4,000 dollars, and the committee recommend
that The taxes be retained al The present rates, and
that this sum should be applied 10 the payment OF
State bonds. The committee further recommend
the exchange OF the per cent Stale bonds for 5
per cent bonds OF the State, which could be effect
ed He wished 10 elevate the character OF Viz
gina, by making provision for the payment oil
the public debt.
MIR. LANIER believed that there was no ne
cessity whatever for higher ratio OF taxation
than was recommended by the Committee on FL
nance. The public creditors did not desire
payment al this time ard there were ample funds
TO meet the public exigencies without resorlins
TO higher rates OF taxation.
MIR. BROADUS said that the report OF The
Committee on Finance was made before any APP
preparations had been made by the Legislature.
We should now provide for The year ending "
lSi7, and the appropriations now authorized and
10 be made should be considered. Mr.. B. went
into full explanation OF his course, and OF The
financial condition OF the Stale. He thought II
highly important, al this late period OF the SEES
sion, that the report OF the committee OF conle-
rense should be agreed TO by The House.
MIR. BOCOCK explained his position. he
was member OF The Committee of Conference
He had originally been in favor OF the House
bill, and voted for the motion 10 disagree with
The amendment OF the Senate; yet he believed
that the Senate had right 10 propose amend
ments TO the lax bill as well as 10 any other bill,
and he was one of those who thought that The
public debt should be paid whenever the means
were afforded.
MIR. B. spoke al considerable length in sup
port of The right OF the Senate TO amend the tax
BILL
MIR. VERIFY did not question the power of
the Senate. 1t was not, however, in accordance
with the theory OF our Government, that The Sc
nate should exercise the power on ordinary occa-
sions. The only question for consideration was,
whether or not the scale Of taxation proposed ~
the House should be adopted. The responsible
ty resting mainly upon The House OF Delegates
il was but right that The Senate should recede
from their disagreement. There was no neces-
SHY whatever for higher rate OF taxation than
had been proposed by the House. II The apprc-
prialion had been made 10 the cause OF Educa-
lion, in accordance with his proposition he
would moi have objected 10 the higher rate OF tax
alton.
MIR. TUNSTALL thought it of much more
importance 10 make provision Tor The payment OF
the public debt, than TO authorize appropriations
10 The favorile Education schemes OF The gentle
man from Northampton.
Mr.. WALLACE having called for the ayes
and noes, the question on the motion 10 agree
with the recommendation oil the committee was
determined in the affirmative, by the following
vote
AYEs-Messrs Soulhall, Brown Of Albemare,
Layne, Baldwin, Massie, Burwell, Mitchell,
Boakl Campbell, Thompson of Botelourt, Cam
den Miller Bocock, Flood, Toler, Fox, Broad
US, Hall of Fauquer Sillman, Street, Carson,
Leake, Callson, StovalI, Hett, Thompson of H.,
Brown of Hanover, Lee, McRae Towner, Pa
trick Duff, Goare, Mcintyre, Taylor, Parriou,
Shepard, Adams, Hamilton, Edmondson, kIey,
Cabe Newton, Talum, Hiner, Tunstall. Fair
fax, Long, STROLLER, Prilchard, Gold Harper
Martz, Fuga,e, Denison, Slckley, Tate, Holla-
day, Hall Of Taylor, Laird, Goodson and Lett
wch--62
NoEs-Messrs. Goode, Speaker, William II.
B. Gusts, John II. Gusts, Haryie, Powell, Turn
bull, Maclin, Dickinson of Caroline, Lacy, CAT
ringlon, Winfree, Hobson, Thompson OF Din
wddie, Chisman, Saunders, Jr, Jones, Walker,
Goodwin, gowden, Wallace, Gaines, Robinson,
Gresham, Bagley, Banks, Watts. Harper, VERIFY,
Oliver Mcpherson, Lanier, Cooke, Daniel, Braw-
ner, Chinn, freeman, West, and Rice-3S.
On motion OF MIR. SOUTHALL,
Ordered, That leave be given TO bring in bill
70 appropriate The sum Of 1866 &C, towards
The redemption Of a portion OF The public dehl,
and that Messrs. Southall, Broadus, Bocock,
Tunsta and Stova, prepare and bring in The
! same.
On motion Of Mr.. STOVALL,
Resolred 6y The General Assembly, That hereat-
= IL. -