Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-12-17
rnoM OUR RICHMOND CORRESPONDENCE
RICHMOND, 10th Decemb

If the Commonwealth issue amount Of small notes.
not exceeding ten per cent upon their circulation. MI
Carroll his proposition with statement of
the extreme inconvenience to which the officers and c
Gems of his own county subjected by the circulation
of small notes. issued By the Banks of North Carolina;
these supplaning the circulation Of specie thai extent
increased the difficulties of Collecting and paying the
Revenue His position had been heretofore well defined
he was hostile To the circulation Of small notes, but it
seemed inevitable, he desired that the State should pir-
cipate In the advantages; that the citizens shud be
relieved from the lss and inconvenience of small
issued BY other States To this statement, other mem
hers added their testimony. In regard 10 the circulation
# small notes. the Fauquier Springs, during The Spe
nj, Session, il mentioned that State Banks and pr
interpretations Of the State had Infused into the cir
culaton Of Virginia very large amount of money which,
when out and destroyed would fail upon the cit-
xens Of Virginia, whilst the prft upon their destruction
would result to the foreign company which issued them.
This proposition followed by another to tax The cir
cuaton Of Bank notes, and thus again repeal all pen
allies whatsoever, upon their circulation. The whole
subject was referred to the Committee OF Finance
The Bill providing for the construction of Railroad
from Covingion to the Kanawha river. and for the
tension of the Louisa Railroad upon its second reading
was amended upon the suggestion of Mr.. Harvey, by n
provision that the cost of such Road, from Covngton to
the Kanawha river. should hot exceed 81 800 900 The
Bill provides ls for enlargement OF the capital stock
Of the Louisa Railroad 10 the amount OF I50,O0O. of
which individuals shall subscribe two-lths and the State
three ffths; 3D. for the construction Of Rail road
State account by an annual appropriation OF S25OoOO,
TO an no, exceeding in the aggregate $4,000,
OOO A motion made 10 amend, by striking ont all
after the second section of the BILL thus confirming II tn the
ex tension of the Louisa Rail road from Saunon to Gov
ington Upon this proposition an extended discussion
arose. Mr.. Price was surprised that proposition should
be made at so early stage of the proceedings,
harrass the friends Of the bill; he did deem that the
debate should be precipated at This time he considered
the suggestion of the gentleman from Amelia entitled
10 respect and accordingly amended The bill by prov-
sion limiting the capita stock to $4,000, 600.
Mr. Harrison avowed himself in favor OF the section OF
the BILL providing increase OF the capital stock of the
Louisa Raro Company, to the sum Of G50,000, hut
could not to for bill that provided at the
same Time for the construction of road of which he
did not approve; he desired therefore, more ,oamend The
BILL by striking out all after the second section Thai
is all providing for the constr elton of road from Gov
inpion to the kanaw ha river. on State account.
Mr. Pendletan was astonished al the motives, coming
from an individual who III favor ola portion of the
bill: he for one wished alteration in its provsons he
should consent 20 none If he bill should pass reported
he would be praied but its friends would take nothing
less lie would take this occasion TO appeal TO te friends
of Internal Improvements they were in minority in the
House; they could see that work which commanded a
powerf, interest," was menaced with defeat; those who
were interested in other works should understand the dan
Ger was a common one; that if this provision should be
defeated its fends could not be expected to sustain other
applications.
Mr. Harvie was the friend of Internal Improvements
he had condemned that friendship upon previous occasions
but he should always to himself the right to de-
termne the extent to which his advocacy should be
red as well as The occasions for its exercise. lie
pressed his establishment at the appeal which had been
made to the Internal Improvement patty 10 rally in sup
port of proposition, which had not yet received the
sanction of an investigation. For himself, lie did moi
wish the friends of the bill, under consideration rely
upon his support he had certainly not intended 10 ind
cate an intention for the BILL it would depend up
on subsequent considerations whether he should do
Mr.. Ferguson demonstrated with the member who had
moved the amendmen it would destroy the bill entirey
for himself he should not take the bill if amendea il
would be worthless
Mr.. Perrow objected to the bill that the preliminary
subscription to the extension Of The Louisa RAILROAD was
Insufficient it only fifty thousand dollars the par
Of individuals and twenty-five thousand on the part Of
the State; this TOO small.
Mr.. Price complained of the unusual course of oppos-
ton manifested TO this b he inclined to meet the
wishes of members far could be done. without i'm
pairing the propositions jeopardng the of The
bill He had objection to the suggestion of his friend
from Nelson, but would cheerfuy make any addition t
the subscription which the House might desire. The bill
amended. by raising the subscription Of individuals io
100000, and that of the State to 10000, with par
passu subscription thereafter.
And upon the motion Of Mr.. Dorman, the House ad-
journed.