The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-04-04

luton was referred to as the most re-
markable of all. 1t gives to the Northern
people carte blanche in the matter of time
to make responses to the demands
He thought there would scarcely be a re-
sponse from the abolition crew, in answer to
demands for justice, before the time of the
blast OF the Archangel Gabrieis trumpet
Such an indefinite proposition he entirely op-
posed The report also gave TO the North ey-
erything they wanted, while to the Sou th il
secured no protection, for it took from us that
which we already had under the Drcd Scott
decision. In answer TO the argument of the
gentleman from Prince George (Mr Riyes
who brought ii down to a calculation OF dol
lars and cents, he said that no such consjdera-
ton should rpcompense for Il sacrifice -of
principle. But the argument was demons ira
ted by Mr.. RIcHARpsox to be a mis- taken one
by mathematical calculation in regard to the
number OF slaves annually run off upon the
underground railroad.
tRWing the question of secession in con-
nection with the circums tances that sur
rounded MS, he argued that the interests of
the constituent BODY required that Virginia
should secede. Every gentleman here admi Is
That when oppression becomes in tolera ble e.,
we have the right of revolution. He had
shown that the wrongs inflic ted upon were
intoierable, and therefore we had the right of
revolution, fortiori we had the right of Sc
ceSsion for the sovereign power of a State
might exercise the same right that ac-
corded to organized bodies of men. Becc use
We had thus far submitted TO wrong, ii WAS
no itaSOH WHY we SDoulu submit lOrpNbr.--
TN the OntraTy, he considered 1t q iOrclble
argument in favor of present resistance.
AT this point Mr.. RICHARDSON moved that
the Committee rise, which motion was agreed
10, and the COMMITTEE rose and report ted pro-
gress.
Mr.. WILSON, of Harrison, moved an ad-
1ournment; and division being called for,
the vote resulted-ayes 81, noes 35-no quorum
voting.
The Convention then adjourned.
--------------- ---.----------------
THE SOUTHERN PACIFIC RAILRoAD.-At n
meeting of the stockholders of the Southern
Pacific Railroad, held in New Orleans, Tues
day last, the President of the company, Col.
Y. X. Stephenson, in the course of a brief his
tory of the organization, said if secession had
been postponed for thirty days the friends of
the enterprise would have obtained from Con-
gress all they desired. The resources of the
company for the completion of their great
work were thus stated by Mr.. Stephenson
l. The Pacific Railroad bill passed by tne
House OF 0fRepres ntatiyeS secured to this COM
pany thirty-siX millions of dollars and the
right of way through the Territories, with a
grant of land amounting in the aggregate to
about fifteen millions of acres. =. A contract /
had been made with a wealthy French COM
pany, Messrs. l.. de Bellot, Des NJ alereS Bro.
Il Co, which secured the rapid construction
of the road to the Pacific ocean. These French
capitalists, under this contract agreed 10 fur
nish 81 200 900 TO pay for the fifty miles OF road
now being built by DeGraff ~ Co., leaving a
surplus TO meet con tingencies.
When, however, the political affairs Of the
nation first assumed their present threatening
aspect, the Messrs. L. de Bellot Il Co de-
clined to engage in the enterprise, but wrote
that they were ready 10 confirm the contract
upon reCei. ing evidence of the restoration of
peace, and OF permanent Government.
Mr.. Stephenson proposed as a relief Tor the
eXist ting embarra ssments of the company that
every man who held stock in the road should
subscribe for as much more as wouid be eq ual
70 All advance of one dollar on each share of
his stock (: proposition which is said 10 be
favorably entertained.