Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1847-01-08
OF VIRGINIA.
WEDNESDAY,, January 6, lSi7
SENATE.

company officers Tor The virginia reSimth VI W.
\ lun,ceis; and The act entitled an acl authorizing
The independent Order OF Odd Fellows OF Nor
tolk Civ To hold limited amount oi property.
Received al the same time number vi bills
passe! by The House during The recess OF The Sc
! nate all OF which, upon motion o! Mr.. McMuL.
! I'm were read second time by theiriitles, aud
referred 10 committees. As most OF these bills
will be debated before the Senate it is useless TO
mention them here.
Also. a resolution from The House providing
for The disbursement Of the funds lately appro-
pria,ed by The Legislature for the benefit oil the
volunteers from this Stale
AS there was mol quorum OF Senators pre-
sent, MIR. McMULLEN moved The resolution be
laid upon The liable. Motion Carried.
A communication was received from The Go
vernon enclosing letter from Mr.. William Da-
MEL Jr., in which he accepted the Office OF Judge
OF The Cour, OF Appeals, 10 which he was lately
elected.
Upon motion of Mr.. McMULLEN, The Senate
adjourned
HOUSE OF DELEGATES.
Mr.. BOCOCK, from the Committee on Courts
of Jnst;ce renorled blldivorcing William X.
MYERS from his wife Virginia
Mr.. BANKS, from he Committee on PROPOSE
inns &c presented bill "aulhorizng sePa-
rae election at the house of Cornelius M. Shan
non. in The county OF TaZewell.
Mr. HARVIE. from the Committee on FL
nance. presented reports upon resolutions Tor I'M
posing taxes for The support OF Government upon
The al valorem principle Tor increasing The pay
| Of the Commissioners Of the Revenue Tor The
county OF Hampshire, and for abolishins The lax
mon wrils and other law process-adverse 10 !
| these propositions.
! Nj. STROTHER, also from the same Com
| mi,l.c presented the following bill "a bill 10
authorize The Auditor OF Public Accounts 10 Issue
a warrant upon The Treasury in favor Of Peter
Molse's administrator.
| Mr. FLOYD from he Committee on Roads,
&C., presented The following bills:
A bill 10 increase The capital OF The BerryvlIe
| Turnpike, and authorsing a Stale subscription
0; wo-filhs Of such increased capital; and bill
10 provide additional ca pila for the Brandonsvlle,
Kingwood and Evansville road.
MIR. HOLLADAY, from The Committee on
Claims, presented the following bill:
A bill releasing To WIN. S. Griffith certain
fine imposed by the Circuit Superior Court Of
Law and Chancery Tor Harrison county.
On motion Of Mr.. II WARD, leave was g.
ven 10 withdraw the petition of Robert Anderson,
presented at The session OF the General Assembly,
in lSii-'5
On motion Of Mr.. DORMAN, the bill 10 pro-
vile for The completion Of the James River and
Kanawha Canal, from Tide water, al Richmond,
10 the town OF Buchanan and for other purposes,
was taken up
Mr.. DORMAN then moved to strike ont The I'd
section, which is as follows:
,. Be 10 further enactcd, Tha, the Board oi
Public Works shall subscribe, and they are here
by directed as soon as required ny The said conPa-
nv, 10 subscribe 10 the capita stock OF The SAID
company, on The part OF The Stale, Inc sum OF
..r,...n choll hp
surrender 10 The said company OF The sum oil I'VE
hundred and seyen,y-six thousand dollars Of debt
owipo by The said company 10 The Slate, and the
ASSUMPTION nv the State ofonc million TOUR num-
died thousand dollars Of bonds ot the COMPANY
heretofore guaranteed by The Slate. As soon as
The subscription Aforesaid is made, II shall be the
du,y of the Board OF Public Works 10 cause 70
be issued 10 the holders of the guaranteed bones
of The said company, in lieu thereof, ceftinca'es
of debt of The State, payable as The SAID suafah
eed bonds are now payable. Each ceItihcate -
issued shall be signed by The treasurer ana
counlersisned by the Second Auditor, and shall
he REGISTERED and transferred, and The rights of The
hode.s regulated according 10 The provisions Of
me act oil Assembly passed April nnlh eighteen
huDdrcd and hirty-eighl, entitled ian act pro-
vdns FOR The negotiation oi loans Tor The purpose
Of internal improvements And Il shall also he
N. du,y OF The Board OF Public Works, al The
same time. 10 execute To The said company re-
lease OF the mortgage now held by the SAID Board
on behalf fine Commonwealth on The works aud
property Of The said company Provided, how
ever, That il any of the said guaranteed bonas
shou i'd not lie surrendered by The holders in cx-
change for the said certificates oil debt of ,he
State the payment OF The interest and the final re-
dempion of the princpa sum OF said bonds, ac-
cording 10 the spulalions thereof, shall be deem
ed public debt Of this Commonwealth, and The
payment lhcreo. ,hil be provided for BY law.
And insert in lieu OF it the following:
Be n further cnacird, That the Board Of
Public Works shall sui scrihr, and they are here
BY directed. as soon a. required by The said COM
pany. To subscribe 10 The capital stcck Of The com
pany M the part If The State tweny thousand
shares, 10 lie paid for b. The relcas' OF debt OF
III. said company 10 The Stale, Of i've hundred and
seventv-six thousand NO hundred and tour dol
lars and sixty. nine cents, and HE assumption ~
The State of one million four hundred thousand
dollars Of bonds OF The company heretofore qua
ran,ied BE- he Stale, and in consideration OF said
subs rp,on, The State shall be entitled TO receive
from sal company interest al The rate OF SIX per
cent per annum IN Two millions II dollars, 10 oc
computed from the first OF January, lsi7, 10 be
payabIe only when the said company shall have
funds fairly applicable 10 The payment nt diVI-
dends on lis slocS sufficient 10 ray SAID interest
or some part thereof and when the arrears oil saiu
inleres, shall be eXiineui>hed, then IN case the
Lpgisa uTe shall permit The company 10 declare
ami nav dividend, on lis stock, the State shall be
Al Liberty. ihereupon, to elect either 10 receive
dividends On The additional stock hereby author
izej To lie Subscribed, as the company may make
declaration thereof, or interest as aforesaid
a. soon Us the subscription aforesaid is made. II
shall he The duty of The Board OF Public WORKS,
when required by The holders of the guaranteed
bonds OF tn said company, 10 cause TO De ISSUED
10 said holders in lieu OF said bonds, certificates o
deb, of the Stale PAYABLE as The said guaranteed
bonds are now payable. Each cehlhcalc So Is
sued shall be signed by the Treasurer and coun-
tersigne by the Second Auditor, and shall he Ie
gis,errd and transferred, and the right Of the
holders regulated according 10 The provisions OF
the act Of assembly passed April ninth, eighteen
hundred and thiry-eisht, entitled, IAN ACT pro-
y;diug Tor The negotiation OF loans Tor The purpose
OF internal Improvements" And u shah also BE-
The duty of The Board Of Public Works. as soon
as the said subscription shall be made, to eSecne
10 the said company release oil The mortgage
now held by the said Board on behalf OF The Com
monwealih on the works and property OF The said
company: Pyoridcd ho'cercr, That II any oi The
said guaranteed bonds should not be surrendered
by The holders thereof in exchange for The said
certificates OF debt OF The Stale hereby authorized
to be issued, the payment OF The interest and me
final redemption OF the principal sum Of said
bonds, according TO The s,ipualons thereof shall
be deemed public debt oil this Commonwealth,
and The payment thereof shall be provided Tor by
law.
Mr.. DORMAN explained The difference be-
tween The clause proposed 10 be stricken oul and
the amendment. He stated that he had offered il
after consultation with The friends otthe BILL and
il had met their appreciation.
Nessrs. STROTHER nd HARVlE avowed
themselves the warm frends OF the James River
Improvement but preferred rather 10 vote an
appropriation directly out of The treasury, to be
considered loan 10 The company, for The pur-
pose OF carrying the improvement into the Val
ley.
Messrs. COOKE and LEAKE preferred the
form of aid proposed in The amendment offered
by Mr. Dorman. Mr.. Cooke declared that the
bill was the only one proposed since be had been
member that came near meeting his approba-
ton, and he minated that il not altered so as 10