Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1851-07-29
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YIRGNE3CoN FEsTI0N
The CosyENfIos was engaged on Aoaaegsson
tue Important spbIset % tazaiops and spseiaily
upon The provisions proposed by The Committee
nfibe Whole q ihe es,ablfshmento q sinking
fund to redeemthe principal o -the present and
future debts of the State. BY decisive votes, the
plan of requiring seren per cent. TO be set apart
annually forthe payment of the interest andPTin=
;cipalrof the existingdebt, sndeight per cent. an
nnally for all debts created, was adhered 10. Mr.
stanetd made an unsuccessful effort to place fu-
ture and present debts on the same footing, and
nEgedthatit was very upwise, as financial policy,
stolimitthe tme for which State bonds hit run,
inasmuch asFsate securities are held higher in
the stock markets, in proportfonst TO the length of
time within which the may u redeemed.
Having. passed. the sections. concerning the
sinking fund appropriation was offered by MT
Scott, of Eau9u ier, requiring the Legislature 70
Eronyef4 the debtsof the lanes River and Kama
wha Company Cof which the State ls3 holder or
guarantorltn into stock and 10 require thecompany
Ito constructs railroad from some point between
Buchanan and Eogipgtonto1he Ohio. This plan
failed by 4 voteo aboutt8o TO one. q
TheECommitfee o~fatheANFh6le bad reportedGa
section prohibiting forthe future the gnaranteeing
lofsthe bonds of mproysnept companies. : MIR.
Mise OBSERVATION-DISCLOSURES SSdpnSS ESiSSf
and Kanaswh VfFginias Genital Railroad,
andsthe Ninginia and Tenpessee Railroad Com
panies from the operatf6nsof This section, in res
fpard5t 10 Observation-Disclosures aeconnexion
with the. Ohio river; Bnt,,s Mr. Wise immedi-
elyssWithdhew this. pfoppsition. and moved SIM
ply TO strike outthe sectionssSThe Foterwas %
tof52, but.had not been announced when the hour
for recess had larriyed-the question immediate.
IMPENDING being whether Mr.. Nj Garnett should
be allewedsto3 change his vote frotnrthe athrma-
AT Intervening session the Convention voted
to retain the section. Several propositions were
offered TO provide for neutrality-suspicious., but
all were defeated. The Legislative Department
was disposedso of without farther material altera-
ton of thes Teportio of the Committee of the Whole.
The Judiciary was next taken up.
The CoSyENTEoN on Tuesday took up. the re.
port of the Committee on The Judiciary (which oc.
cuPied the attention of that body during the
whole day.
The CoNvEHTIoS was occupied on Thursday
with the apIpoor.ionment of the Judicial districts
and circuits. Some changes were made in the
project of the special committee. One of these
was to make a separate and.additional circuit of
the counties, of pAccomac and Northampton, the
Ijudgesb OF which is to receive a salary of $1,000.
These Two counties of the g Eastern Shore" are
ESQ widely separated from the counties on the
! Western Shore, of the Chesapeake bay,that the
Convention consideredit reasonable to secure to
them a resident Judge. This modification of the
lower circuit made it convenient TO modify the
arrangement as to the Richmond circuit. and an
amendment was adopted by which the city alone
will have one ridge of law and chancery, and the
county of Hennieo will form psrtofthe Williams
burg circuit. Mr.. j andolph gave notice that he
would move, on SATURDAY. y, to reconsider the COM
nromise-