Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1852-04-30

The bill concerning liens TO persons VINO o Ohio w,s
houses in tile city OF Petersburg and county - INV
taken up motion OF Mr.. SWEENEY. ,ho suoccs,ion
Mir SwEEsEy proposed an amendment al inc h
OF the Senator from the City Of hichnoh'' "
city in The provisions OF the bill =, h;,I bo,woon
4 DISCUSSION arse on The merits OF inc PHI, oe VII
Messrs SmErFEY, sweeney WATSON ana ",ino If Mr.
ont concluding, Mr. a. gave way u"u "
CAMPBELL. tie Senate ADJOURNED.
r1b. Renor,cr made mistake Saturday IN Pol''on
of The proceedings, by publishing the ayes as @ nu
Sir Weller would say niee versa we give Ss frs, amend
examining houses occupied by ministers and bcons
inc 10 churches. Mr MARTls called The ayes anu "o''
wn,rn WIZ Cowan Crcsh Dcncae Greaver Hall
Layne Martini Paxton, Reser shackeofd sweeney ia''
Nosss1csas. Amber, Braxlon, Brent, Boykn, Brown'
cahcI CAMPBELL, Catet1, Daniel, Douglas, Granhan, is
BELL McDearn,on, Moacare, Parker Pimam, Wat,
Stands Shelby, Smith, Stuart, lhohus' i"o"'p'
son. Winston, Witcher-zo.J
HOUSE OF DELEGATES.
PRAYER by the Rev Jous EARLy.
communication was received from the Senate stating
the passage Of several bills which were carried th'ous e
preliminary stages = p,onosi,ions and
Grievances, presented the following I'LL: ,,
bill providing for the election of certain ofhce's IN '''
civ of Norfolk by the qualified voters thereof: =,
6n nation Of Mr. MhR7z, the committee OF Claims was
discharged from the consideration oil the resolution relative
10 the claim Of H. Brordine; and the sau fesouoo" was
Mr. McDosAtp from the committee on the Peniientary
nre.ene report Upon the condition Of that Institutions
and the following bills: .-e.o., !, thu
pcn,en1arr and TO repeal certain parts of title 81 Of the
c9fSt 55irsHiai ana uoishmcn, Of slaves guilty of
Virginia. :,,,-o -,
Mnnutacru reported without amendment The following
bills entitled o,c, o.,
paryi ,;,, r,r,-
many in the county of Shenandoah; and
An ac 10 incorporate the Great Falls Manufacturing COM
pany. n,.,... l. .;,o,
10 Withdraw the petition of William Walden and Others pre-
sen,cd at prv session OF The Legislature feia'e "
The OF their brother, 3 Walden.
On motion of Mr.. MASSEY, -
yioation enquire into cxpedency of reporting bill in
cooperating Alexandria and Washington Ferry Com
Mr. BARBOUR presented petition of the citizens of the
Town Of Fredericksburg for an increase Of the capital stock
Of the Valley Plank Road Company 10 ennbe thom to build
a branch of thsir road 10 Cupeper Court House
Mr. hILBy presented petition OF citlzens OF the Lower
Parrish of county OF Nansomond for authority TO make
sale OF The lands belonging to the OSerseers OF the Poor OF
said county.
Aad petition of J. c. Crump asking for the payment OF
| certain land warrants.
| COUPON BONDS.
On motion Of Mr. ROBINSON Of r. the House took up the
resolution offered by Mr. GounE Of NJ on Saturday last
Mr. ROBINSON, in reply the question: asked BY Mr. BA n
saturday. why he had not Offered his resolution
sooner in the session. said that the Finance report was not
made until 3ls March, and his resolutions offered on
April HIS resolutions were MOI odScu upon srce
mors but upon the report OF the Finance Committee The
gcntcman from Cuacrer snid that il any blame should BE-
attached my Tor this contract should be attached 10
the Board D! Public Works Who are the Beard? They
consist of FIVE only three Of whom; present the 9Th
wh,n the resolutions empowering the Governor 10 make
these transactions aoped the Governor Treasurer and
Register alone present. and he considered him re: pom
sibe for this nasty proceeding.
Why necessary this great haste in naking
the contract the lh APRIL when The bonds were mol sold
until lih July He contendcd that there reason
tho great ase exhibited the 9Th and llth April The
COMMITTEES Of the Reform Conv, non early February,
reported in favor Of establishing Striking Fund and there
daubt that The provision would be agreed to- More
over it we'll known that the coupons attached TO
the bonds would have tendency to cause them 10 sell
higher and command premium. The interest Of the State
required that The State should get as much premium as pos
sibt II should be borne in ,iud that Seljen WIthefs IL
mol the purchasers but only the agents win all the
chances OF prn; and with full security their side. II
thu Board ud found out the lowest price, ~ which they
could have negotiated their bonds and have allowed them
per ccutage upon these premiums there might have been
some show Of FOR this transaction. What Seden,
Wihers & Co. will make BY this transaction no man Knew
but their clear profit 81 less consequence to him than
the total disregard Of law which had characterized this trans
action The gentleman from c., is much In favor Of
executive power linn he H he whether IL is in an
The State requires that all money shall be received through
the Banks Of This commonwealth but here see The mo-
ney rereivet through Selden WiIlers Go. He contcn
ded that il would have been illegal had Jno. Wlthers,
any one else hcen The security of Selden Wilhers Co.
thu bill authorizing the issue uf bonds last win
Ter had this House he had consultation with
her OF Senate; the bill subsequently amended in that
bUGy bring them under the aw in The Code in relation
receipts of money bill was also passed by this House TO
The whole of the old debt Of eleven millions Of dollars
in coupon bonds, but consultation with Mr. THoMrsn.
al Senate the law rejected in the Senate the
aruan, that it w"ul have tendency to inure the salc OF
those already authorized. He commended that as those
bonds made payable 10 beacr that they nothing
;han notes md that any benefit that might accrue by
Iss should be ped by the State but now the Satc
hat rtiog do bul TO deposit the whole interest of the
bono 10 the credit Of Selden Withcrs e. Co.. and that my
profit ina, might arise from the loss OF the bonds the
l,nIp ~ hem
the time when who heard that his likeness was TO be put
upon coin, TO the mint and ordered TO be stopped
But now Governor has his likeness on SoUO
bonds.
MI BAn1ovR perceived bni points in the gcnenan's
speech; that the Banks not employed to make
this transaction and The other that the Governor had his
image On the bonds The first he should notices the second
he should The only that he should make would
be that the business Of Banks negotiate
st0cks when the business n Sclden Withers Co;
and Of they could make advantageous dIsPo-
sal Of Tie bonds than The Banks The gentleman said that
the Banks would charge about oncfourth per cent for pay
in. the interest in New York; Sed@n, Whes d Co.
charge nntbas for this service.
Mr.. WALLACE Offered tic following resolution, sub.
stute for the resolution Of Mr.. GooDE:
The Committee Finance having reported 10 the House
of Delegates that the lh day of April 1851 the Board
of Public Works contracted with Stlden, Withers d CO.,
private bankers of the City Of Washington that they might
dispose OF the bonds Of the Commonwealth the
Of million OF dollars nj par and also Tho further Gum OF
three millions Of dollars nj two per cent above par and
might have compensation or negotiating tho sale such
premiums lc bonds may command above these terms:
Inc committee having suggested inc Oh cnQul
ring into The praclicaily Of ,ecting modification Of
The in certain particulars 10 make Il more safe and
consistent with The interest Of tho Commonwealth:
Resolved That tie said committee enquire and report TO
this House what modification, If OF the said contract
it ad, sabe make, and what under all the cir.
cumsanccs the General Assembly should take in regard to
il.
Mr.. WALLACE said The that he desired these mat
BE- referred the committee of Finance was that the
gentleman from Richmond had stated that his resolutions
founded upon report Of the Finance committee
He thnusht that this same committee should review the
great Of testimony that has been brought forward 1t
would be Better than 10 have special committee which
might be called the whilcwashng committee Ii is due Il,
hem they have brought this brfOrc u.s. due
them, they have the finances of the State under their
consideration He though, that ether committee should
have charge Of this matter
Mr. RGDISsnS wished ii TO be particularly understood, that
there not of The bonds principal and interest," which
would not he paid But the only question between The
State and lis long this should con
nue., ard Upon what terms.
SIR BARBOUR agreed with MIR. RoBlSsoS on that point.
Mr. GoonE Of also cuacurrcd that was no one who
would nvalidate airy Of these bonds Hc did not think tina
ought 10 be expected that the Finance Committee should
discharge all the duties Of the House il relation to all
the matters of Finance and this contract A special
committee should be appointed take this matter to con-
II