Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-02-19
Virginia Legislature.

Ohio county, presented the iOilO"ihS lepoi''
documents and resolution:
The select committee to whom was refer
red the communication of the Lieutenant
Governor of the Commonwealth In relation
TO certain impntlriOus on his Othclal charac-
ter by A fred Cald well, Senator irom heel
ing, have had the matter under consldera-
ton. and have examined all the witnesses
who have apI .red before them. The Sena-
tor from Wheeling expressly dlsclaims any
purpose IT, charge upon the Lieutenant-GOv
ernor cficial Improperly, and says that he
now has 10 such charge 10 make, whatever
his language may have been 10 Il former Oc-
casion, when he spoke under great personal
excitement. The testimony examined by the
Committee afords no ground Tor any such
charge or imputatiUn. Your committee,
therefore, recommend the adoption OF the
foil wing resolutions:
Resotrel. That our confidence in the per-
sonal aud official honor and integrIt' OF "m.
l.. Jackson, Lieut.. Governor OF the State, is
undated, and that We have witGe>sed with
pleasure the propriety and inpnrually that
have marked his official career as President
of the Senate.
The resolution was unanimously adopted.
The bill appropriating 100000 to the
Covington & OHIO Railroad. came up As the
order of the day. Mr.. Deneaie offered q
RYDER authorizing the Board Ut Pubic Works,
IN the year lo6O. TO borrow 81 COO, 900, Il be
Appropriated 10 the road, aud every year
thereafter 10 appropriate the same sum until
the road is made and equipped provided,
however, the aggregate sum does not exceed
SlO.O OO, 900.
Mr.. Claiborne, of Petersburg offered an
amendment TO the ryder, limiting the yearly
appropriation to 81 900, 600 per year. The
amendment of Mr.. Claiborne was adopted.
A motion by Mr.. Brannon, to strike out
the words land equipped" in the ryder, was
lost. The ryder was then dcteatcd-ayes
%, nays %.
The bill was then passed. Ayes 81, noes
10.
Mr.. Douglas, from the Committee on Fl
nance, presented a report. The following, on
the Sinking Fund, i. embodied therein:
The operations of the Sinking Fund since
the Board o. Commissioner was organized,
in 1853, are shown In detail in document No.
3 report of the Commissioner OF the Sink-
Ing Fund From that report Il appears that
Of the debt existing on lst JAM lso2, the
sum of $3.50, l91 has been redeemed, and
there has been invested, Tor the reclamation
of the debt created since--,luce the LIST jan,
lS52-the further sum OF $50, ~ 10; ma
king q total Of debt redeemed and purchased
by toe Sil king Fund up to the lst OF JAN,
1856, OF 81. O9j ,926 Is. In addition to the
last named SUN, the CrmmlssiDnerS nave re-
ceived, or we're entitled T. receive, Tor rcHrmU-
ton and Investment; on the 1t in., 1891,
the further -um Of S342, ,2OG *, which, with
the sun of SAL 3S3 90, doe the Sinking
Fund On thel-t Jan, 1853. viii make a total
DOW applicable - redemption aud investment
of 1858 $50 0S.
In view Of the conflicting Interpretation
put upon the Constitutional provision estab-
fishing the Sinking Fund, and directing It's
application. which has resulted from the
massage of the act of the - OF March, 1886,
and the consequent EN- arrassmcnt OF the
b ard OF Commissioners, your committee re-
commend the repeal OF that act, or such MOD
j6catiun and amendment of the law as snail
REQUIRE the C0mmIs.i ,ucrs to apply to the
reden, ption Of the debt existing on the LIST
day If Jan, 1852, so much and such part ct
this Sinking Fund a. Is derived from The /
per cent. required by the Constitution to be
annually set apart to c~XtlnguiHh that debt,
and like application OF such sums "S shall Do
realized from sales Of Bank stocks held by
the fund for internal Improvement, and that
the | Der cent. required to he set apart upon
all debts contracted since the lst. OF Jan,
1852, be applied to the purchase OF bonds OF
the Commonwealth issued since that date, at
their market value; and if no such tonds can
: be bought, that the Commissioner shall then
invest in the bOnd1 of some one OF the States
of the Union, or in bonds OF the UOited
|, States.
The committee cannot approve OF the
scheme Of the commissioners OF thus fund u
aid the Board of Public Works in raising
money u prosecute works OF internal ini-
provement, because, in tie view OF your com
mittee, such application TENDS directly to an
augmentation of the public Indebtedness IL
stead of a reduction and extinction OF the
same, which Is the primary object OF the ere
alton OF the Sinking Fund.
The report concludes with the following
expression of dissent from Mr.. BeaIe:
Il dissent from the estimates OF receipts III
this report, aud from its recommendations tor
the restoration of one bait Of the caultttlon
tax to the treasury o! the G mmCn" calth; nor
do | concur III iubdrng more than one-aait OF
the Treasury notes
In the House Of Delegates, MIR. Johnston,
from the committee OF finance, reported a
bill increasing the compensation o' the Secrc-
tary of the Communicable to $500.
Al. S.,,,n N ~ anrrRSEnI In