Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1851-07-28

,,ms xvbcn the same is contracted; and the |
law imposing such taxes shall remain in
force and bcirrepealablc; and the said taxes
shall be annually invested for the purpose
of creating fund for the exiinguishmcnt of
the debt for which the tax was imposed"
The Legislature shall pass such laws as
may be necessary and proper 20 carry this
section into effect.
The substitute was agreed to-aws 43,
noes 81.
Mr.. Stro,her moved to add to the section,
the following proviso.
PROVIDED, the Legislature may at any
time direct sale at not less than par OF the
stocks held by the State in internal I'M
provcmenfs and other companies for the
purpose Of paying the debt Of the State"
Rejected.
Mr.. Camden moved to insert after the
word "Is52." these words: exclusive o.
money deposited with this state BY the
Government Of the United States" Re
jccted.
Mr.. Bird moved the following as pro-
yiso: provided, also, that not more than
4l00 900 per annum, shall be raised for
the pavment Of the principal Of the State
debt existing on the first day Of anuery,
1852" 49,
Mr.. Bolts moved the following proviso:
provided, the public land fund now de-
posted in the banks of this Commonwealth
shall be added to that portion Of the CAPT
tarion tax appropriated TO the purpose Of
primary education, and shall be.aprlied in
the same way" Disagreed to ayes SO,
noes73
Mr.. Miller moved the following substi
tute for the sth section:
sThc General Assembly shall, from time
to time. provide by law for raising and
collecting sufficient revenue to defray the
expenses Of the State for each year; and
also sufficient sum TO pay the annual IN
tercst upon the State debt. Whenever
hereafter State debt shall be created, The
General Assembly shall at the same
provide suitable and certain means for
It's payment within period not exceed
ing years from the time OF the crea-
ton thereof" Rejected.
Mr.. Scott Of Fauquier, moved the follow
ing as an additional section TO come in af-
ter the 9Th:
"Except that whenever the james River
and Kanawha Company sha i enter ITS OBJ
LEGATION in such manner as may be pre-
scribcd by the law, TO construct a railroad
from some point on its present work, be-
tween the town Of Buchanan, in the coun-
tyof Botctourt, and the town Of Coving-
ton, in the county of Allegheny, TO the
Ohio river, it shall be the duty ofthc Gen
cral Assembly, with the assent of the said
company, to assume on behalf of the State,
the payment Of the bonds ofthc said COM
pnny for which the State is now liable and
connect the same together with the debt
now due blythe said company to the State, in
to stock OF Tic said company for the use of
the State; AID thereafter, to enable the sad
company to complete the said road, It shall
be the duty Of the General Assembly, from
time 10 time, as the cxigcncies Of the work
may require, TO endorse the bonds Of the
said company to an amount equal IN the ag-
gregate to three millions Of dollars: Pro
vided that before such endorsement be
made. the said company shall execute
mortgage on its works and tire income
thereof, in such manner as may be pres
cribed by law, to save the State against any
loss that may arise by reason OF its said la
billy"
The question being put thc amendment
!. was disagreed to. ayes 81, noes 70, as fol
lows
Ayrs-Mcssrs Bird of Shenandoah.
Bolts. Caperton, Chiffon, Cooke, Faulkner,
Ferguson, Futz, Hays, Jacob, Lyons,
of Fauquier, Scott Of Richmord City,Scy-
inour. Shelley, Smith Of Kanawha, Smith
-9ft;recnbricr, Snodgrass, Standard, Ste
phenson, Stewart of Morgan, Summers,
Taylor, Van Wrinkle. Watts of Roanoke,
Wingfcld and Wsc-3l.
NoEs-Messrs. Mason. (Pres't,) Arm
strong, Banks, Barbour, Beale, Bland,
Blue Bocosk, Bowles, Braxton, Brown,
Byrd OF Frederick Camden, Garlic, Car
ter of Russell. Chambiiss Claiborne, Con
way, Coz. Edmunds, Finney, Flood, Floyd.
Patterson, Fuqua, Garland, NJ. II. II Gar
nett, NJ Garnett, Goodc, Hall. He'll Hoge,
Hopkins. Hunter. Jasper, Keuney, XII
gore. Knote, Lcake, Letcher, Ligon Lucas,
Lynch. McCandlish, Martin of Marshall,
Martin of Henry, Moore, Murphy, Neeson,
Newman, Randolph, Rivcs, Scoggin, Scott
of Caroline, Shell, Smith Of Norfolk county,
Smith of King& Qucen, Southall, Straugh
an, Tate, Trcdway, Trigg, Turnbull. Wal
lace. Watts Of Norfolk county, White,
Williams of Fairfax. Williams of Shenan-
,loah, Worsham and Wysor-7o.
Mr.. Wise moved to strike out the 9th
sections which read as follows:
"The Legislature shall not pledge the
faith the State, or bind itin any form, for
the debts or obligations ofany company or
corporation whatever"
Pending the consideration of which, the
hour of two having arrived, the Chair was
vacated and the Convention took recess
until AZ o'clock.