Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1861-12-20

( millions OF doilsrI and iuT tia: purprs" LII
said Auditor, On the urGIr ot liz Governor
. shall issue lra2sGry notes iUT the aIii!aht s
directed IL 10 burro1feh, in surGs sol lti- thai
twenty dollars
9. The said treasury no;c:; shall bc p'eoafec
under tho direction OF The Governor, and shai
be signed by the Treasurer and ccua.cl"gae;
By tho Auditor Of Public Accounts, out shat
no. he delivered hy the said Auditor, excsf'
uppp the receipt OF Lhe Treasurer thGt the pa
value thereof las been paid il.!o the Treasury
| The said notes shall be made payable to bearer
and DC uaio payable 1T the Treasury Of LII
State one year after their respective ae!es
They shall bear interest a! :. rate not eXceedin!
six per centum per .hEuu, from thu dale 0
their issue unit! redeomablc. For :he Paymen
of the Interest and redemption OF the prlnci
pa as set out in said notes. tho Iaith OF In
Commonwealth Of Virginia is hereby pledged
3. Thr Audito. CT Public Accounts is herebi
directed 10 csn:ic TO De redeemed all treasury
Dcc', pTln':' ual ana in:aF:at, at tho time Tnel
tbs sane ara -e;i1 2-Dscle and presents: id
payment, % - PAID -. Of ~ iaCi.cJ' l,ia;:a 4,
treasury Z. otherr;ise a;.57opristcd. 2|:gr<-
tho said T..c!,st2t ":
;1r L .tsa W. rc1carlul-t;s5
said Auditor, 4 ;torc h- funds IN thc Treasury
suii:is;it to paJ liz. sni! rotes, shall ad"er:s'
for s;.e Same 10 oe brought il on s given ta;.
.i,ti after such day tic inser:s: thereon shai
cease.
i. Whenever any ci asii nGics sha!! te r.
dcrmcd bJ ,ie ..uGitcT, ~ hcEaic provided
tho 4a,nn shah BE- cancelled Dy E;:il snG he Is
i7ri... H. ;he !Igesau;rr, 10 % preserved in lis
;:ii;ca AMI irom tame 10 .i!re al ar!oun. cqus
10 the sula 80 cancelled ma, :;' order ui the
Governor, be again issued suhitct to al! the
provisions herein prescribed.
g. tbs .Lut;i:o: Of ,upl;c -ic1orEt= anal the
Treasurer G..aii e,:i. 2e:p = ipii sa'; accura:l
acc0uu: 1T .:,, rElhcr, date, denomination,
ana sTaourL ,;i 81 tao i.o:ss signed by them,
Respectively, ln.:m ike t7anne- Of aii icc said
nole= Te;icoincd iIi Cancelled.
4. For ici.ayag the e%pfnScc ot preparing,
engraving and Er;'i:ing the sail Treasury n6i@a,
ii sum roc .xceEding rTu LhonGsGd dollars IL
neEs5y sp;.EopratgU. II De paid Iy order 81
TIC Governor, "a: o[ a1? none! il liz ,frasa'
" no: oihnra;is FypTa:,!;ated, Lnu tit p!a!s
or piat.s shall 30 toroStci !.r s:ic iec:iits ;c
ont: e lhe oaia:, %: i:!5 city. ac.i c:::::rrTse
provided ~ !aF.
:. all the provisions Of dis .,';Ej, iGi;r:;2
applicable 10 hank nc:ss si,a!! ui; i'e!d 10 apply
and rcal, ii, :ieii effect, 70 lis treasury noLss
directed 20 DC ;s:ue:s is .aiS ordinance.
6. Ii srai J.: i.~i.ti irr The bank; Of this
Goumom mws&i!a 10 j,scn:,nt N PiIcha6c any
;i9.s pr no:c; Issued undoT this ordinance To
receive tt:c sa!a2 oTi deposit End uay lhem cut
st the, cuuiit.'.
9. The ,rna;s:ry notes to ha issued under
the provisions dt ;hia O!diEarce shsii be re.
cc.9ed il pay!nea! o! all tayes or other taos
10 the Commonwealth. Authority Is hereby
rns"rge4 to the t:encral Assembly to arrest
ami sllsrrr!i III. s.sue oi treasury Noes herein
provided 20.
hr. Blaw.g--l beg leave to cirer :he tJ!
ios:.,z a. substitute for thu: ordinance.
]! einh2,iits Tie provisions Of that ordinance
making altrrH!i"ns ohly upon ihcre points IN
! reference 10 m!ii:N submitted some ieiraTEs
| this morning.
! WI. B.,nE:- here oa-rsd su5stitu= which
:tic ieyGTler vas inabis 10 prGcuro.
ST.; N.AEE..-i cai! the previous question.
ana ;'grsiDs.a-~l. IS not in nr;:ec 10 sahtni;
F.; i"-;j 'Go::";.a IL oice
Atr AcrAgLAag-I ra7c nut little to szs,
sir, or. iesiTu 10 cell tao attention Of the
CoaTcntion to the l',aucS ~ reporter By the
| ccTr-..S,. = Hs'S-E'f.' =, -
THIS u;57r::;ig there Teg sono eon7ersator
rrca ;!iu mode OF ;75ansactiag business ct tia
r.sasEry D. pa-tucn: j beg 20 call tho atter.
t:cn ai gentlemen especially tc :bat. i shall
bs l;t:ia rlo.e miuuia and specific than vas
this morning.
hrs; lhii every gent!=maE viii take notice
tha. any creditor Of tie Commonwealth, whC
s!.aii hereafter call at the Treasury, wil! hc
entitled TO Il check f0- the amount Q! his claim
n2o: vnc O. tho i,:p:as in which tLa account 0!
the Go;:.i;:,7: nc,!;, IL Lsyg That vii always
be l3Ha il! !n"!o te Inoary ic The credit Q: I7o
Conltr1a 7aai,i.. Ans! it coiiId sca: :cely hap.
PER chat aar creditor tc ll4e Commonwealth
:.:cs;rins 70 ieee;Te .na aIaouut Of 5is claim in
treasury no.es, Euuld moi iiij the G3miron.
wea!l entitled IL shock i9r tEe amonn. ot his
claim II be desires: 10 obtain Treasury Ncles
ratileT thar bank notes, it would not DC in the
pow,r of tie Treasury Department u supply
;li;i.. TEeI: w0;:i:i pc no oCca5lon TO dispose
OF tine r.uaGury notes; and hope It is Nj pest
cf rie policy ei aEy gentleman here to require
the Treasury noie5 10 DC disposed OF where
there ia nc OCCASION tc obtain lnonoy upoa
thCm. Il the creditor y: the Common Y ealiii
ahnud be anEioi:s TO procure treasury notes,
all that il To1!G hc :"caassry f:r him 10 du
7Soui ;.e 10 tcposit iii tie hank, 10 ti:a credit
OF t!lc Treasury, Eli .nc3nt equal 10 the aEi2unt
/! OF hi;. csIn anu t6au gEt the lreasurcra y check
i urap tn: bank, Sud CuuIe 5Lcts ani demand
| Treasury 30tes. Well, :":7f. the Simple Gues.
| lion Mlth the CouTeutun is whether i: Hill
! re-erae sys:aTn established mcrc than twenty
! ycaTs ago, li:s whole purpose and pbje:! ol
which aas % rI0;e2: tjic IreaA2ry against
spoliaticn. The change teg,5 some years ago
Il 60 hot reGiclDbcr tho exact tine-but it
Was found b experience tDat TIC system oi
recurring Iay yuiaiii g bn :EaGc to the credit ol
tho Treasury in bank, and coaHling ina ciG-
burseiuenis q the Treasury 10 checks upon The
hari, .s7.s greas ssts'ri:y sgciN;;t peculation
and f.:l.tl.
prc:iuIlG there is no gentleman upon tns
! ii0or Ti!o is: now prepared t0 reverse that sys-
| TEN. # x be rcTaTSed, il :.!uat bs remember
| ef!. sir ,ha: you Ei@G Gp Tia security which
:!io UoD n DIV sait;I nov holds under bond
; which Ifia treasurer ezscut1a upon coming into
Office. yoT presume, sir that there IS not
one gentleman upon this t.onr Hho is not pre-
pared TO assent to The proposition that If ycu
extend tho control Of public innctlonary
over the public money beyond. Ehat his en-
gagoa Il: the time be gave his bond and zsor,-
rity, that you ought at least, ir equity, dig.
charge his securities. This ordinance, sir, as
reported by the committee, ig il exact con-
iortEity 20 lilo las; at. of tho General ASSEM-
oily. Irdood, think might 60 further, and
say that it conforms, in oil particulars, ri1k ali
.!,e lGSs passed By the General Assembly here
tciorc with view to providing money for
! general or snec;fc ob;ccts
Why, sir, wten a proTisioa is made for the
completion or tie undertaking of pn5lc works,
az i'll this instance, limit is placed upon the
price =. which! the h5ads o the State nag be
disposed o:.
1t has oeea hetitrsl 70 require that, before
tas security Or hond is parted with, warrant
sIaii te obtained nj the Treasury Department:
in tie ordinary ana established course--ana
| that is, BIZ TIC paygIo0t oi tho amount 10 the