Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1856-02-20
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s97O,5os L.
a. To secure this sum, in addition TO what will be- r,
ccivei out OF the assets OF the late firm of Sien Wtcrs
Co, the Board OF Public Works have had conveyed IN
them int rust for the State large amount Of valuable real
estate ,heongins 10 Nc WtherS located in virginia a,
Alexandria and ST Louis No. and also as collateral So
chrt!, bonds oi the Chesapeake Ohio canal A.
mounting to s9i5.3IO H. which belonged the late firm
D. To sccur ti. sum- there 81 900 OF seven per
cent Cincinnati Hlsboro railroad bonds in the Bank
me Republic. subject TO the order of the Board OF Public
Works This Is considered good the interest has been
drawn regularly and placed in the Treasury
G These bonds were deposited in the Bank of the Re
public III conformity with the OF John Thomson
heretofore reported TO the Legislature by the Board OF
Public Works
This is the balance due the State upon the sioo ooo
sterling bonds. in the hands ofJ r. Souther upon W ch
hc has advanced Si0OGOO.
NORTHWESTERN RAILROAD
The House resumed the consdera the bill to re.
peal the restriction upon tue Northwestern Virginia rail
road company. The pending question the amend.
ment submitted by Mr.. PAUL. the bill as heretofore
amended hy the adoption Of the substitute introduced by
The amendment offered by Mr.. PAUL. provided "a n
condition Of the removal OF the restrictions that the Bal
tmore Ohio railroad company should redeem the bonds
amounng to s5OO,OODl issued by the city of Wheeling
to meet its corporate subscription TO the capital stock Of
the said company.
Mr. BURWELL, Of Bedford proposed a. a substitute for
this amendment, proviso requiring the Northwestern
railroad company TO guarantee the citv Of Wheeling
the srmiannua payment OF dividends the amount Of its
subscription to the Baltimore Ohio railroad Company
at rate OF not less than six per per annu-fom
aud after ls July, 1858, aud until the Baltimore Ohio
railroad company shall have prepared all the earth work
except ennrging the tunne and masonry necessary for
laying double track from Cumberland to Wheeling. The
company also relieved from the requirement TO erect any
double bridges other pcishablc structure until in the
opinion Of the company, it shall be necessary.
The merits Of the amendments discussed by Messrs
PAUL., BCRwELL, of b., BoRENAS HOLIDAY aud others
The vote then taken, and Mr.. BuRwELL's PROPOSE
sitiOn adppted-yeas SO, nays ST.
Mr.. HlErr submitted a proyiso, presenting fur
Their condition OF the removal Of the said restrictions upon
the Northwestern railroad company, that the Baltimore
and Ohio railroad company should agree take
gers and freight both directions between HarDers Ferry
and the Ohio river, &c, at the rates per mile
would be charged the going the whole distance
betweeu Baltimore and the Ohio river, etc
This proposition was rcjectcd-yeas 80, nays 81.
Mt Fault indicated desire to submit another amend
mcn hut under the operation Of the previous question
the demand for which sustained by ayes &c. noes 40
the bill as amended was ordered to be engrosscd.
THE BANKING QUESTION.
The House then resumed the consideration Of the sub.
sstng order Of the day being the bill to extend the char
ter OF the Bank OF Virginia for - years
The pending question was on the substitute offered nv
hr Seldom TO the amendment submitted by Mr. ED.
MUNDS, las published Ia the report of yesterdays pro-
ceedings)
The debate thereon was continued by Messrs RUTH
ERFoORD, DR0MGOOLE and Seldom in favor Of the
agendment offered by the latter and by Mr. EDMUNDS
IN opposition thereto aud in support Of his PROPOSE
ton.
Az the conclusion Of Mr.. EDMUNps remark. NJ
/
sented constituency who perhaps directly in.
teested in the general subject under consideration than
any other portion Of the State and IL had been his desire
To address the House but II evident that con.
unuaon Of this discussion would prevent definite action
the Senate, he had been informed having Just re-.
iectcd by large majority, resolution extend the
session; and several speeches having beenmsde yesterday
and to-day 10 support Of the pending amendment while
only one speech had been made on the other side he
would waive his desire to speak aud tho previous
question
After caustc remarks between Messrs. STANARn
and GARNET in relation thedemsnd Tor the previous
by Mr. Seldom aud resulted in its rcjccton-yeas a.
noes loo.
Those voting in the Affirmative we're Messrs. Anderson
Ashley Crabtfee, Croker Davis Of Grccnbior Dickinson
o. Grayson billiard, Dromgooe Garnctt Gillespie, Hardy
Jones, Of A., Jones' OF r. Jones, Of c., Kemper Iundy
Ntcolsop Preston Rutherford, Seldom Thomas Tomin
Vanorsdall and Walton Absent not voting Mrssrs
Arnett, Berkeley, Brown, Burwel Of r., Bush Calvert
Caudler, Carroll, Cranmcr, Davis Of A., DOdson FLOYD
Frost, Herbert Llngfit fsniS Lee Martin Riggs RUIZ.
ner samucls. Shumate, Sinclair, Spsdy Taylor, Thhh
Treadsay, and woodhou-c
Mr.. EDMONDS amendment which IL as follows vas
then adopted
1T shall he the duty Of every branch OF the bank which
u now hereafter be authorized by law 90 redeem
demand all circulating notes Issued by such branch or
payable by such branch which may presented for pay
mcnt NJ the office Of the bank in the city OF Richmond at
rate OF discount not exceeding quarter Of per
cont and for failure 70 redeen the same the holder there
Of may the damages and IN the same mode
provided BY law, for failure paw IN specie at the Of
fee or bank where payable"
NJ. RUTHERF0ORD proposed the following as an ad
dtonal section, which agreed to;